Additionally, they state guidance of $40M by years end!
Financial Highlights
-- On a non-GAAP basis which excludes certain non-cash charges, (see below), the Company reported adjusted net income of $1.4mm in its 2010 third quarter, up 57% from adjusted net income of $0.9mm in the same period last year. -- Adjusted net income in the first nine months of 2010 grew 188% to $3.1mm, compared with $1.1mm in the first nine months of 2009. -- Led by recreational vehicle sales, 2010 third quarter sales grew 9% to $10.5mm compared with $9.6mm in the prior year period. -- Reflecting the continuing recovery in sales of the Company's traditional recreational vehicles, and a strong second quarter contribution from U.S. sales of the super mini Kandi "CoCo," nine month revenues increased 50% to $28.6mm, compared with $19.1mm in the comparable period last year. -- Net cash provided by operations through the first nine months of 2010 was $7.4mm. http://articles.moneycentral.msn.com/news/article.aspx?Feed=MW&Date=20101115&ID=12395744&Symbol=KNDI