Kandi Technologies Group, Inc. (KNDI)

Kandi Technologies Group Income Statement

Financials in millions USD. Fiscal year is January - December.

Year	2023	2022	2021	2020	2019
Revenue	123.6	117.81	91.49	76.92	135.74
Revenue Growth (YoY)	4.91%	28.78%	18.94%	-43.33%	20.72%
Cost of Revenue	82.23	98.3	75.24	63.43	110.31
Gross Profit	41.37	19.52	16.25	13.49	25.43
Selling, General & Admin	48.72	37.83	24.34	19.66	18.31
Research & Development	4.27	6.03	38.97	7.25	6.21
Other Operating Expenses	1.44	3.34	-48.4	-14.17	0
Operating Expenses	54.42	47.2	14.91	12.73	24.52
Operating Income	-13.05	-27.68	1.34	0.75	0.91
Interest Expense / Income	1.33	0.71	0.41	3.75	4.82
Other Expense / Income	-16.19	-15.78	-28.28	12.45	3.97
Pretax Income	1.81	-12.61	29.21	-15.44	-7.88
Income Tax	1.8	-0.49	6.35	-5.05	-0.69
Net Income	0.01	-12.12	22.86	-10.39	-7.19
Shares Outstanding (Basic)	79	76	76	56	52
Shares Outstanding (Diluted)	80	76	76	56	52
Shares Change	5.73%	-0.76%	36.08%	6.92%	2.24%
EPS (Basic)	0.02	-0.17	0.30	-0.19	-0.14
EPS (Diluted)	0.02	-0.17	0.30	-0.19	-0.14
Free Cash Flow	-114.41	27.66	4.41	-16.49	-30.48
Free Cash Flow Per Share	-1.45	0.37	0.06	-0.29	-0.58
Gross Margin	33.47%	16.57%	17.76%	17.53%	18.73%
Operating Margin	-10.56%	-23.49%	1.46%	0.98%	0.67%
Profit Margin	0.01%	-10.29%	24.99%	-13.51%	-5.30%
Free Cash Flow Margin	-92.56%	23.48%	4.82%	-21.44%	-22.46%
Effective Tax Rate	99.61%	-	21.73%	-	-
EBITDA	15.05	0.52	39.66	-3.47	5.14
EBITDA Margin	12.18%	0.45%	43.35%	-4.51%	3.79%
Depreciation & Amortization	11.91	12.43	10.04	8.22	8.2
EBIT	3.14	-11.9	29.62	-11.69	-3.06
EBIT Margin	2.54%	-10.10%	32.37%	-15.20%	-2.25%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).