Kandi Technolgies Group Inc. Q1 Loss Narrows

(RTTNews) - Kandi Technolgies Group Inc. (KNDI) released Loss for first quarter that decreased from the same period last year

The company's bottom line totaled -$1.62 million, or -$0.02 per share. This compares with -$6.40 million, or -$0.08 per share, in last year's first quarter.

The company's revenue for the quarter rose 55.8% to $24.89 million from $15.98 million last year.

Kandi Technolgies Group Inc. earnings at a glance (GAAP) :

-Earnings (Q1): -$1.62 Mln. vs. -$6.40 Mln. last year. -EPS (Q1): -$0.02 vs. -$0.08 last year. -Revenue (Q1): $24.89 Mln vs. $15.98 Mln last year.