Recap: Kandi Technologies Q1 Earnings


27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


 

Shares of Kandi Technologies Gr (NASDAQ:KNDI) moved higher by 2.7% in pre-market trading after the company reported Q1 results.

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Quarterly Results

Earnings per share decreased 166.67% over the past year to ($0.08), which missed the estimate of ($0.02).

Revenue of $15,978,000 rose by 150.75% from the same period last year, which missed the estimate of $28,000,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.


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Details Of The Call

Date: May 10, 2021

Time: 08:00 AM

ET Webcast URL: http://public.viavid.com/player/index.php?id=144859

Recent Stock Performance

Company's 52-week high was at $17.45

Company's 52-week low was at $2.90

Price action over last quarter: down 13.60%

Company Description

Kandi Technologies Group Inc is engaged in the development, production, and distribution of electric vehicle (EV) products, EV parts, and off-road vehicle products, primarily in the Chinese market. Other product offerings include all-terrain vehicles, go-karts, utility vehicles, battery packs, motor vehicles, controllers, and air conditioning systems. It generates revenue through EV parts and off-road vehicles. The company generates the majority of its revenue from China, and it also exports Overseas.


27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


Posted In: EarningsNewsBZI-Recaps