Kandi technologies group, inc. (KNDI)
Income statement / Quarterly
Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
REVENUES FROM UNRELATED PARTY, NET

56,519

26,968

20,056

16,334

31,496

14,860

11,618

5,732

-867

6,604

1,153

2,962

1,705

5,211

6,979

33,974

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

REVENUES FROM THE AFFILIATE COMPANY AND RELATED PARTY, NET

5,318

4,720

4,089

1,733

18,251

23,135

4,740

2,603

43,719

21,749

26,171

1,311

15,544

1,155

48,237

16,683

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

REVENUES, NET

61,838

31,688

24,146

18,068

49,747

37,995

16,359

8,335

-

28,353

27,325

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

COST OF GOODS SOLD

49,022

26,412

19,944

14,932

39,146

31,753

14,301

6,989

-

23,522

23,568

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

REVENUES, NET

-

-

-

-

-

-

-

-

-

-

-

4,274

-

6,366

55,217

50,657

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

REVENUES, NET

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

50,528

47,963

43,781

52,890

44,206

32,960

40,171

50,570

17,145

12,157

14,662

26,331

12,765

11,060

14,355

11,387

10,310

10,137

8,341

10,478

9,911

COST OF GOODS SOLD

-

-

-

-

-

-

-

-

-

-

-

3,607

-

5,715

46,762

43,939

50,355

43,411

41,471

37,410

47,076

38,698

25,738

35,310

39,120

13,032

9,350

11,290

21,791

9,541

9,272

11,014

8,903

7,984

7,795

6,280

8,140

7,559

GROSS PROFIT

12,815

5,276

4,202

3,136

10,601

6,242

2,058

1,345

5,088

4,831

3,756

667

1,897

651

8,455

6,718

8,440

7,116

6,491

6,370

5,813

5,508

7,221

4,860

11,449

4,113

2,807

3,372

4,540

3,224

1,788

3,340

2,484

2,325

2,341

2,061

2,337

2,352

OPERATING EXPENSES:
Research and development

4,441

596

632

537

2,992

5,691

642

757

1,058

657

5,142

20,769

25,281

522

494

205

1,554

785

571

571

220

391

971

1,172

1,865

500

672

689

871

630

620

756

609

608

574

511

459

400

Selling and marketing

1,621

930

899

618

1,313

898

228

748

488

216

402

358

416

374

730

46

321

122

75

113

406

432

435

71

136

102

71

89

124

158

79

93

179

85

92

56

58

89

General and administrative

3,147

3,432

5,623

2,039

3,078

2,070

3,861

-398

-740

2,196

1,558

8,319

2,634

373

9,625

8,032

11,980

8,649

3,845

3,780

2,337

2,076

3,173

6,470

11,136

2,893

1,332

692

1,730

940

896

683

889

1,067

827

673

516

1,147

Total Operating Expenses

9,210

4,959

7,155

3,194

7,384

8,661

4,732

1,107

805

3,070

7,102

29,447

28,332

1,270

10,849

8,285

13,856

9,557

4,492

4,465

2,964

2,900

4,580

7,714

-

3,497

2,076

-

-

-

-

-

-

-

-

-

-

-

INCOME (LOSS) FROM OPERATIONS

3,605

316

-2,953

-58

3,216

-2,419

-2,674

238

4,282

1,761

-3,346

-28,780

-26,435

-619

-2,394

-1,567

-5,415

-2,441

1,999

1,905

2,849

2,608

2,640

-2,853

-1,689

615

731

1,899

1,814

1,494

192

1,807

-

565

846

-

1,302

715

OTHER INCOME (EXPENSE):
Interest income

231

209

97

252

-127

52

456

942

559

619

559

530

563

832

785

780

684

1,140

722

590

248

220

748

483

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest expense

3,518

435

429

439

366

483

471

550

518

598

548

614

532

425

432

442

483

534

597

598

630

932

963

954

-

-

-

-

2,642

76

188

-131

-

-

-

-

-

-

Interest (expense) income, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,184

-617

-670

-

-

-

-

-

-

-

-

-572

-671

INCOME FROM CONTINUING OPERATIONS

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

818

-

-

Interest income (expense), net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

117

275

-297

-

-

Change in fair value of financial instruments

-

-

-

-

-

-

-

-

-

-

-

-

0

10

526

3,286

-3,283

3,049

4,003

4,750

-283

10,187

8,941

-12,314

-9,690

-6,864

-1,082

990

907

-882

1,018

942

-2,079

-271

2,367

5,385

-2,578

1,213

Change in fair value of contingent consideration

-1,801

57

548

89

1,591

-1,552

686

2,680

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Government grants

67

502

175

47

17,069

607

15

95

108

474

262

5,067

23,621

594

1,503

194

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain from equity dilution in the Affiliate Company

-

-49

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain from equity sale in the Affiliate Company

-

20,574

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain from equity dilution in JV

-

-

-24

4,365

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Government grants

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0

92

0

71

63

153

0

167

11

49

0

86

20

25

0

8

9

273

7

191

45

Share of profit (loss) in associated companies

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0

38

-77

-15

-23

-15

-15

-14

-

-

-

-

-

-

-

-

-

-

Share of loss after tax of the Affiliate Company

-7,833

-8,433

-4,500

-9,949

-17,809

-3,247

2,372

795

1,900

444

-8,738

-5,161

-7,104

-299

4,918

-4,822

9,941

1,179

251

469

733

2,038

-9

1,728

-2,294

-109

-10

0

-

-

-

-

-

-

-

-

-

-

Investment (loss) income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-18

-14

-13

29

-12

-8

1

0

-

Other income, net

1,211

57

-174

474

290

15

627

22

-19

-6

121

28

1,425

-106

286

22

720

988

82

23

-176

21

60

59

459

40

54

122

47

239

12

34

455

95

53

113

33

10

Total other (expense) income, net

-11,806

12,482

-4,307

-5,159

648

-4,607

3,687

3,986

2,031

933

-8,343

-149

17,973

606

7,588

-981

9,132

5,822

4,554

5,235

-37

11,638

8,853

-11,013

-

-8,122

-1,622

-

-

-

-

-

-

-

-

-

-

-

(LOSS) INCOME BEFORE INCOME TAXES

-8,201

12,798

-7,260

-5,217

3,865

-7,027

1,013

4,224

6,313

2,695

-11,689

-28,929

-8,461

-13

5,193

-2,548

-

-

-

-

-

-

-

-

-

-7,506

-890

2,328

2,847

776

1,046

2,902

-673

501

3,808

6,029

-1,623

-

INCOME (LOSS) BEFORE INCOME TAXES

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,380

6,554

7,140

2,811

14,246

11,494

-13,867

-

-

-

-

-

-

-

-

-

-

-

-

-

1,313

INCOME TAX BENEFIT (EXPENSE)

-650

709

57

-808

8,141

-505

-361

496

867

776

-131

-4,775

365

552

2,400

-2,636

2,951

1,037

1,128

1,008

1,145

713

337

219

1,091

257

153

91

680

181

141

519

156

117

186

90

94

124

INCOME (LOSS) FROM CONTINUING OPERATION

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-7,763

-

-

-

594

-

-

-

-

-

-

-

-

Loss from discontinued operation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-350

-

-

-

0

-

-

-

-

-

-

-

-

Gain from disposition of discontinued operation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-425

-

-

-

0

-

-

-

-

-

-

-

-

NET INCOME(LOSS) FROM DISCONTINUED OPERATION

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

74

-

-

-

0

-

-

-

-

-

-

-

-

NET LOSS

-7,550

12,089

-7,318

-4,409

-4,275

-6,521

1,374

3,727

5,445

1,918

-11,558

-24,153

-8,826

-565

2,793

88

765

2,343

5,425

6,131

1,666

13,533

11,157

-14,086

-14,644

-7,689

-1,044

2,236

2,166

594

905

2,382

-829

384

3,621

5,938

-1,717

1,188

OTHER COMPREHENSIVE LOSS
Foreign currency translation

5,240

-8,531

-4,915

5,404

-379

-8,108

-12,587

7,465

4,903

4,032

3,118

1,791

-8,981

-805

-7,152

1,524

-3,474

-7,098

448

493

-687

-109

-717

-1,211

480

322

724

584

-2,144

-260

2,434

395

-

377

827

-

-

-

Foreign currency translation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

318

595

137

COMPREHENSIVE LOSS

-2,310

3,558

-12,233

994

-4,655

-14,629

-11,213

11,193

10,349

5,950

-8,439

-22,361

-17,808

-1,371

-4,359

1,613

-2,709

-4,755

5,873

6,624

979

13,424

10,439

-15,297

-14,163

-7,366

-319

2,821

22

334

3,339

2,778

-537

762

4,449

6,257

-1,121

1,326

WEIGHTED AVERAGE SHARES OUTSTANDING BASIC AND DILUTED (in shares)

-

52,613

-

-

-

51,474

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NET INCOME (LOSS) PER SHARE, BASIC AND DILUTED (in dollars per share)

-

0.23

-

-

-

-0.13

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

WEIGHTED AVERAGE SHARES OUTSTANDING BASIC

-

-

52,806

51,565

-

-

51,140

50,643

48,039

48,028

47,974

47,732

47,484

47,695

47,601

47,009

46,978

46,959

46,759

46,281

46,379

43,214

41,142

39,597

36,965

37,020

32,546

32,298

30,552

29,909

29,845

27,450

27,445

27,445

27,440

27,422

22,570

20,866

WEIGHTED AVERAGE SHARES OUTSTANDING DILUTED

-

-

52,806

51,565

-

-

51,140

50,643

48,039

48,028

47,974

47,732

47,466

47,695

47,601

47,027

47,447

46,959

46,896

46,397

46,480

43,530

41,254

39,597

36,725

37,020

32,546

32,539

27,239

31,464

31,166

28,839

28,719

28,617

28,578

29,026

22,570

24,677

NET LOSS PER SHARE, BASIC

-

-

-0.14

-0.09

-

-

0.03

0.07

0.12

0.04

-0.24

-0.51

-0.19

-0.01

0.06

0.00

0.01

0.05

0.12

0.13

0.07

0.31

0.27

-0.36

-0.44

-0.21

-0.03

0.07

0.07

0.02

0.03

0.09

-0.03

0.01

0.13

0.22

-0.08

0.06

NET LOSS PER SHARE, DILUTED

-

-

-0.14

-0.09

-

-

0.03

0.07

0.12

0.04

-0.24

-0.51

-0.19

-0.01

0.06

0.00

0.01

0.05

0.12

0.13

0.07

0.31

0.27

-0.36

-0.44

-0.21

-0.03

0.07

0.07

0.02

0.03

0.08

-0.02

0.01

0.13

0.20

-0.08

0.05