Kandi Technologies publishes pro forma combined financials after Rawrr deal valued at $23.9 million
Bitget2026/09/25 20:06- Kandi Technologies Group released unaudited pro forma financials reflecting its acquisition of Rawrr, a maker of electric off-road motorcycles.
- Combined revenue totaled $103.1 million, incorporating Rawrr’s $15.66 million contribution from electric off-road motorcycle sales.
- Net loss was $95.2 million, dominated by Kandi’s operating expenses of $94.47 million, including goodwill impairment and long-lived asset impairment.
- Total assets were $424.01 million, including $33.42 million of goodwill, with $10.93 million recorded from the Rawrr purchase allocation.
- Equity increased to $288.08 million, reflecting $18.94 million consideration via 17,700,000 ordinary shares issued at $1.07 per share.
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