New highs for Kandi following strong Q4 results


Kandi Technologies' (KNDI +25.3%) EV sales soared 193.7% Y/Y in seasonally huge Q4 to $40M on the back of 3,568 "pure" EV unit sales, fueling a 92% increase in total revenue to $50.6M. Gross margin rose to 22.5% from 17.1% a year ago.

For the whole of 2013, EV sales rose 144.9% Y/Y to $46.6M, and units 20% to 4,696. ATV sales rose 62.6% to $10.4M, and UTV sales 262.1% to $1.2M.

G&A spend nearly quadrupled Y/Y in 2013 to $16.1M. R&D spend rose 30% to $3.7M, and sales/marketing fell 12% to a mere $400K.

Kandi ended the year with $12.8M in cash/equivalents, $13.8M in notes receivable, $34M in short-term bank loans, $16.7M in notes payable, and $13.1M in bonds payable.

Q4 results, PR

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Comments (5)
  • JosephCortes
    , contributor
    Comments (1507) | Send Message
     
    YES!
    17 Mar 2014, 12:48 PM Reply Like
  • ddeluxeones
    , contributor
    Comments (13) | Send Message
     
    It's a good day top be long on this one!
    17 Mar 2014, 01:42 PM Reply Like
  • rupers
    , contributor
    Comments (68) | Send Message
     
    What's with the "hint" in the 10K about an SEC investigation that opened in November 2013? Anyone know anything about the SEC investigation of KNDI? That was a jaw dropper.
    17 Mar 2014, 11:49 PM Reply Like
  • rreiher
    , contributor
    Comments (2) | Send Message
     
    I'm selling it all tomorrow if it drops even a nickel. I bought in at 4.79 so it's time to take the money and run. Based on past chart history, every time it has hit a new high like this it drops back about 20%. Once I sell, I'm going to short it then repurchase at 16 if it goes that low.
    19 Mar 2014, 02:57 AM Reply Like
  • JosephCortes
    , contributor
    Comments (1507) | Send Message
     
    WOW great buy.
    But I don't think it will go that low. Maybe $18.00

     

    Good luck.
    19 Mar 2014, 01:42 PM Reply Like
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