Brief: Kandi Technologies Reports Q1 Loss per Share $0.03

Kandi Technologies

05/06/2020 12:08

June 5 (Reuters) - Kandi Technologies Group Inc  KNDI.O :
    * KANDI TECHNOLOGIES REPORTS FIRST QUARTER 2020 FINANCIAL
RESULTS
    * Q1 LOSS PER SHARE $0.03
    * Q1 REVENUE FELL 64.7 PERCENT TO $6.4 MILLION
    * Q1 RESULTS WERE HEAVILY IMPACTED BY GLOBAL VIRUS OUTBREAK
    * KANDI TECHNOLOGIES - SINCE BEGINNING OF APRIL, SITUATION
HAS
TURNED CORNER; BUSINESS IS GRADUALLY RESUMING, SALES ARE
RECOVERING
    * KANDI TECHNOLOGIES - ELECTRIC VEHICLEPARTS SALES DECREASED
83.7%
TO $2.1 MILLION FOR Q1 OF 2020, COMPARED WITH $12.8 MILLION IN
SAME PERIOD OF 2019

Source text for Eikon:  ID:nGNXbgtmLL 
Further company coverage:  KNDI.O 

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