Kandi technologies group, inc. (KNDI)
Income statement / TTM
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

119,879

94,856

82,747

74,310

63,707

31,344

23,088

12,622

9,853

12,426

11,033

16,859

47,870

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

REVENUES FROM THE AFFILIATE COMPANY AND RELATED PARTY, NET

15,861

28,794

47,210

47,861

48,731

74,198

72,813

94,244

92,952

64,778

44,183

66,249

81,621

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

REVENUES, NET

135,741

123,651

129,958

122,171

112,438

0

0

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

COST OF GOODS SOLD

110,310

100,434

105,775

100,133

92,191

0

0

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

REVENUES, NET

-

-

-

-

-

-

-

-

-

-

-

83,108

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

REVENUES, NET

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

195,163

188,842

173,838

170,229

167,908

140,847

120,044

94,536

70,297

65,917

64,820

64,513

49,569

47,114

46,191

40,177

39,267

38,869

0

0

0

COST OF GOODS SOLD

-

-

-

-

-

-

-

-

-

-

-

71,437

-

146,773

184,469

179,179

172,649

169,370

164,657

148,924

146,825

138,868

113,202

96,813

72,793

55,464

51,973

51,896

51,620

38,732

37,175

35,698

30,964

30,201

29,776

0

0

0

GROSS PROFIT

25,430

23,216

24,182

22,037

20,247

14,734

13,323

15,022

14,344

11,153

6,972

11,671

17,721

24,264

30,730

28,766

28,419

25,792

24,184

24,914

23,403

29,039

27,644

23,230

21,742

14,833

13,943

12,924

12,893

10,837

9,938

10,492

9,212

9,066

9,093

0

0

0

OPERATING EXPENSES:
Research and development

6,207

4,758

9,854

9,864

10,084

8,150

3,116

7,615

27,628

51,851

51,716

47,068

26,504

2,777

3,040

3,117

3,482

2,148

1,754

2,154

2,755

4,400

4,510

4,211

3,728

2,734

2,863

2,810

2,877

2,615

2,594

2,548

2,304

2,154

1,946

0

0

0

Selling and marketing

4,070

3,762

3,730

3,058

3,189

2,363

1,680

1,854

1,465

1,393

1,551

1,879

1,567

1,472

1,221

566

633

718

1,027

1,388

1,345

1,075

745

381

399

387

443

451

455

511

437

451

414

292

297

0

0

0

General and administrative

14,243

14,174

12,812

11,050

8,612

4,793

4,918

2,615

11,333

14,708

12,885

20,952

20,665

30,011

38,287

32,507

28,255

18,613

12,040

11,368

14,058

22,857

23,674

21,833

16,056

6,649

4,696

4,260

4,250

3,410

3,536

3,468

3,458

3,085

3,165

0

0

0

Total Operating Expenses

24,521

22,695

26,396

23,973

21,885

15,306

9,715

12,086

40,426

67,953

66,153

69,900

48,738

34,261

42,548

36,191

32,371

21,480

14,822

14,911

18,159

18,692

17,868

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

INCOME (LOSS) FROM OPERATIONS

909

521

-2,214

-1,935

-1,638

-572

3,608

2,936

-26,082

-56,800

-59,180

-58,229

-31,016

-9,996

-11,818

-7,424

-3,952

4,312

9,362

10,003

5,244

705

-1,286

-3,195

1,558

5,061

5,940

5,401

5,309

4,059

3,412

0

-

0

0

-

0

0

OTHER INCOME (EXPENSE):
Interest income

791

432

275

634

1,324

2,012

2,579

2,682

2,269

2,273

2,485

2,711

2,961

3,082

3,390

3,328

3,138

2,702

1,782

1,808

1,701

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest expense

4,822

1,670

1,718

1,760

1,871

2,023

2,139

2,216

2,280

2,293

2,120

2,004

1,831

1,783

1,893

2,058

2,214

2,361

2,758

3,124

3,480

0

0

0

-

-

-

-

2,775

0

0

0

-

-

-

-

-

-

Interest (expense) income, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

0

0

INCOME FROM CONTINUING OPERATIONS

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

Interest income (expense), net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

Change in fair value of financial instruments

-

-

-

-

-

-

-

-

-

-

-

-

3,823

540

3,578

7,055

8,519

11,519

18,657

23,595

6,531

-2,875

-19,927

-29,951

-16,647

-6,049

-67

2,033

1,986

-1,000

-389

959

5,401

4,902

6,387

0

0

0

Change in fair value of contingent consideration

-1,107

2,285

675

814

3,405

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Government grants

792

17,794

17,899

17,739

17,787

826

694

941

5,913

29,425

29,545

30,786

25,913

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain from equity dilution in the Affiliate Company

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain from equity sale in the Affiliate Company

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain from equity dilution in JV

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Government grants

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

163

227

288

288

384

332

228

228

147

156

132

132

54

42

290

298

481

518

0

0

0

Share of profit (loss) in associated companies

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-54

-78

-132

-70

-69

0

0

0

-

-

-

-

-

-

-

-

-

-

Share of loss after tax of the Affiliate Company

-30,716

-40,692

-35,505

-28,632

-17,888

1,820

5,512

-5,598

-11,555

-20,559

-21,303

-7,646

-7,307

9,738

11,217

6,550

11,841

2,633

3,491

3,231

4,490

1,462

-685

-685

-2,414

0

0

0

-

-

-

-

-

-

-

-

-

-

Investment (loss) income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-15

-10

-4

9

-20

0

0

0

-

Other income, net

1,569

648

606

1,408

956

646

624

118

123

1,568

1,468

1,634

1,627

923

2,018

1,813

1,814

917

-48

-70

-34

600

619

613

676

264

462

420

332

741

596

638

717

295

211

0

0

0

Total other (expense) income, net

-8,790

3,664

-13,426

-5,431

3,714

5,097

10,638

-1,392

-5,528

10,414

10,086

26,018

25,187

16,345

21,561

18,528

24,745

15,574

21,391

25,690

9,441

1,356

-11,904

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

(LOSS) INCOME BEFORE INCOME TAXES

-7,880

4,185

-15,640

-7,366

2,076

4,524

14,247

1,543

-31,610

-46,385

-49,093

-32,210

-5,829

0

0

0

-

-

-

-

-

-

-

-

-

-3,221

5,061

6,998

7,573

4,052

3,777

6,539

9,665

8,716

0

0

0

-

INCOME (LOSS) BEFORE INCOME TAXES

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19,887

30,753

35,693

14,685

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

0

INCOME TAX BENEFIT (EXPENSE)

-692

8,099

6,883

6,465

7,770

497

1,780

2,009

-3,263

-3,765

-3,989

-1,457

681

3,268

3,753

2,481

6,127

4,320

3,995

3,204

2,414

2,361

1,905

1,721

1,593

1,182

1,107

1,095

1,523

999

934

980

551

488

496

0

0

0

INCOME (LOSS) FROM CONTINUING OPERATION

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

Loss from discontinued operation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

Gain from disposition of discontinued operation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

NET INCOME(LOSS) FROM DISCONTINUED OPERATION

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

NET LOSS

-7,188

-3,914

-22,524

-13,832

-5,694

4,027

12,466

-466

-28,347

-42,619

-45,103

-30,752

-6,510

3,080

5,989

8,622

14,665

15,567

26,757

32,489

12,271

-4,039

-25,262

-37,463

-21,140

-4,329

3,953

5,903

6,049

3,052

2,843

5,559

9,114

8,227

9,031

0

0

0

OTHER COMPREHENSIVE LOSS
Foreign currency translation

-2,802

-8,422

-7,999

-15,671

-13,610

-8,327

3,813

19,519

13,846

-38

-4,876

-15,148

-15,415

-9,908

-16,201

-8,600

-9,631

-6,844

144

-1,020

-2,725

-1,556

-1,125

316

2,112

-512

-1,095

614

424

2,947

4,035

0

-

0

0

-

-

-

Foreign currency translation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

COMPREHENSIVE LOSS

-9,991

-12,336

-30,524

-29,503

-19,305

-4,300

16,279

19,053

-14,501

-42,658

-49,980

-45,900

-21,925

-6,827

-10,211

21

5,033

8,722

26,902

31,468

9,546

-5,596

-26,387

-37,146

-19,027

-4,842

2,858

6,517

6,474

5,914

6,342

7,452

10,931

10,347

10,910

0

0

0

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