For the whole of 2020, KNDI.US reported net revenue of $76.9 million, down 43.3% from a year earlier, with a net loss of $10.4 million, compared with a loss of $7.2 million a year earlier, and a loss of $0.19 per share, compared with a loss of $0.14 per share in the same period last year, Zhitong Financial APP learned.
Of this total, sales of electric vehicle parts were $40.6 million, compared with $110.7 million in the same period last year; sales of off-road vehicles were $29.8 million, compared with $22.7 million in the same period last year; sales of electric vehicle products were $700000, compared with $100000 in the same period last year; sales of electric scooters, electric self-balancing scooters and related parts were $5.8 million, compared with $2.2 million in the same period last year.
Gross profit in 2020 was $13.5 million, down 47% from the same period last year; gross profit was 17.5%, compared with 18.7% in the same period last year; and operating profit was $800000, compared with $900000 in the same period last year.
As of December 31, 2020, the company's working capital was $223.3 million; cash, cash equivalents and restricted cash were $142.5 million.
In addition, the company completed two registered direct offerings in November 2020, raising $160 million.