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Kandi Technologies (KNDI)
NASDAQ:KNDI
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Earnings Data
Report Date
Mar 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 18, 2024
|% Change Since: -24.40%
|Next Earnings Date:Mar 13, 2025
Earnings Call Sentiment|Neutral
The earnings call revealed a mix of strategic initiatives and growth plans, alongside financial stability, but was overshadowed by concerns over revenue declines and stock performance. While Kandi Technologies is making strides in expanding its brand and global presence, significant challenges remain, particularly in reversing revenue declines and addressing shareholder concerns regarding stock price and strategic execution.Company Guidance
During the Kandi Technologies Q3 2024 earnings call, CEO Feng Chen provided detailed guidance on the company's strategic direction for 2025 to 2029. The management team has developed a comprehensive growth plan aimed at addressing the 5.7% year-over-year revenue decline, with third-quarter revenue at $29.9 million, down from $36.4 million in Q3 2023. The electric off-road vehicles segment, contributing $27.5 million in Q3, saw a 9.2% decrease from the previous year. The plan includes expanding production capabilities in the U.S. for golf carts and lithium batteries, enhancing market share, and leveraging partnerships like the one with Lowe's for NFL-branded golf carts. Kandi's strong financial position, with $260 million in cash and equivalents, supports these initiatives. Additionally, the company has repurchased 1,480,786 shares at an average price of $2.49, reinforcing confidence in its future. The guidance reflects a focus on technological innovation, international expansion, and strategic partnerships to capitalize on emerging market opportunities.Strategic Growth Plan for 2025-2029
Kandi Technologies has developed a detailed growth plan for 2025 to 2029, approved by the Board, focusing on the electric off-road vehicle segment and expanding globally, including setting up U.S.-based production lines.
Strong Financial Position
The company reported having $260 million in cash, cash equivalents, and other investments as of September 30, 2024, positioning it well to pursue strategic objectives.
Introduction of NFL Branded Golf Carts
Kandi launched NFL branded golf carts, featuring all 32 NFL teams and sold exclusively at Lowe's, elevating the brand's presence.
International Expansion Plans
Plans to expand internationally, targeting growth in Southeast Asia, the Middle East, Europe, and other regions with a competitive product portfolio.
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KNDI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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KNDI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 18, 2024 | $1.25 | $1.12 | -10.40% |
| Aug 16, 2024 | $1.81 | $1.91 | +5.52% |
| May 16, 2024 | $2.34 | $2.24 | -4.27% |
| Mar 14, 2024 | $2.40 | $2.30 | -4.17% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Kandi Technologies (KNDI) report earnings?
Kandi Technologies (KNDI) is schdueled to report earning on Mar 13, 2025, TBA Not Confirmed.
What is Kandi Technologies (KNDI) earnings time?
Kandi Technologies (KNDI) earnings time is at Mar 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is KNDI EPS forecast?
Currently, no data Available
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