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Kandi Technologies (KNDI.US) announced the signing of a formal cooperation agreement with Hartford Industry.
On August 16th, Gelun Hui announced that Kandi Technologies has signed a formal cooperation agreement with Hartford Industrial. The agreement was signed on August 6, 2024, aiming to leverage Asia's advanced industrial capabilities and strong supply chain network, as well as the extensive consumer market in the United States. Through this partnership, Kandi and Hartford Industrial will integrate resources, complement each other's strengths, promote technology exchange, and further enhance product quality to enhance competitiveness. Dr. Hu Xiaoke, CEO of Kandi Technologies, commented:
Kandi Technologies (KNDI.US) had a total revenue of $39.1 million in the second quarter, an increase of 8.9% year-on-year.
On August 16th, Gelonhui announced unaudited financial results for Q2 2024 of Kandi Technologies (KNDI.US). In Q2 2024, total revenue was $39.1 million, up 8.9% year over year. Among them, off-road vehicle and related accessory revenue reached $34.7 million, up 11.3% year over year. Gross margin was $11.9 million, down 13.8% year over year; gross margin ratio was 30.3%, compared to 38.2% in the same period last year; net income was $1.6 million, down 63.1% year over year; diluted earnings per share were $0.02. As of June 30, 2024, the company's financial.
Kandi Technolgies | 6-K: Report of foreign private issuer (related to financial reporting)
Express News | Kandi Technologies Gr Q2 EPS $0.02 Down From $0.06 YoY, Sales $39.15M Up From $35.95M YoY
Earnings Flash (KNDI) KANDI TECHNOLOGIES GROUP Reports Q2 Revenue $39.1M
Kandi Technologies Reports Second Quarter 2024 Financial Results
MonkeyGee : it's not just volume. you need a big boy to run the pump and dump.
10baggerbamm OP MonkeyGee : it's it's really not a pump and dump because this company actually has profits you know unlike the shit that you see every morning that's up 150,200% on a news announcement this company has more cash in the bank than the entire value of the publicly traded company by 50% more so literally you could buy all the stock right here shut the company down liquidate the cash from the bank and make 50% on your money. that's fucking crazy, it doesn't exist any other place on planet Earth. this is not like when someone says well it trades under book value and they go how do you calculate that well if you would a liquidate all of the equipment that they have in inventory. and that's bullshit because if you get to that point you get about 10 cents on the dollar at a bankruptcy sale. so this is cash in the bank is 50% more than the market cap of the company.
MonkeyGee 10baggerbamm OP : I agree with you 101%. but just like GRAB. The company is worth 10x liquidated, but the price hasn't moved for almost 3 years. only 19m shares traded today with 1B plus float. GRAB will only move if a big boy is standing behind it and push.
10baggerbamm OP MonkeyGee : grab does not have cash of one and a half times the market cap of the company in the bank account
MonkeyGee 10baggerbamm OP : Grab has almost zero debt, multi billions in revenue, almost positive cashflow and EPS.
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