Kandi Technologies, Inc. KNDI
KNDI is up significantly in premarket trading this morning as a result of an earnings release that boasts some vastly increased quarterly and yearly figures for the rising Chinese tech firm. This puts KNDI near the top of our watchlist as we open up a new trading week:
JINHUA, China, March 17, 2014 (GLOBE NEWSWIRE) — Kandi Technologies Group, Inc. (the ‘Company’ or ‘Kandi’) (KNDI), today announced its financial results for the fourth quarter and full year ending December 31, 2013.
Fourth Quarter 2013 Highlights
- Revenues rose 92.0% to $50.6 million from $26.3 million in the fourth quarter of 2012. EV sales increased significantly to $40.0 million, a 193.7% jump from the same period last year. During the quarter, the Company sold 3,568 units of pure electronic vehicles
- Gross profit increased 152.0% to $11.4 million from $4.5 million in the same period last year
- GAAP net loss was ($14.7 million) compared to a net income of $2.2 million in the same period of last year, mainly due to increases of non-cash charges, such as change of fair value of financial derivatives, higher income tax, general and administrative expenses, and interest expenses
- Non-GAAP net income* was $4.6 million, up nearly 259% year-over-year from $1.3 million.>> FULL PR
Growlife, Inc. PHOT
We’re turning our attention to PHOT this morning. This cannabis play that we’ve been tracking since well before January’s “Green Rush” has some news out today that we wanted to share with our readers.
It eludes to a joint venture with another player in the legal marijuana space, Vape Holdings, Inc. (VAPE). As we’ve learned over recent months, it’s prudent to pay close attention when one of these cannabis stocks comes with fresh news. We’ve seen many instances where such PR’s catalyze significant gain opportunities.
WOODLAND HILLS, Calif., March 17, 2014 /PRNewswire/ — GrowLife, Inc. (PHOT), a diversified company operating in the legal cannabis industry which develops, markets and deploys products and services of legal cannabis, is pleased to announce a Joint Venture (JV) with Vape Holdings, Inc. (VAPE) to fund the research and development of patentable technology to create pharmaceutical grade extractions from cannabis.
Each Company will bring its specific expertise to the Joint Venture; GrowLife providing Equipment Manufacturing while Vape Holdings provides guidance for the process technology and concentrate formulas. >> FULL PR
Bioheart, Inc. BHRT
BHRT is a stock we wanted to radar this morning, coming off of a press release of its own.
Following a Golden Cross, it recently had a nice run from the .015 area up to to .08 range. It subsequently consolidated and found support at .03, and bounced back up over .04.
We’ll be watching for BHRT to continue to make higher highs and higher lows, on the chance that it could retest previous swing highs at .05, .06, and .08.
SUNRISE, FL–(Marketwired – Mar 17, 2014) – Bioheart, Inc. (OTCQB: BHRT), a biotechnology company focused on the discovery, development and, subject to regulatory approval, commercialization of autologous cell therapies for the treatment of degenerative diseases, announced today that it has entered into a joint venture with Magnum Cell Therapies (http://www.magnumterapiacelular.com/).
Magnum Cell Therapies’ mission is to provide the latest regenerative medicine therapies to patients suffering from degenerative diseases. Magnum’s facilities include a state of the art clinic and laboratory located in Honduras. >> FULL PR
Triton Distribution Systems, Inc. TTDZ
We’d also like to talk about the performance of TTDZ following our most recent tag of the stock on Thursday. After seeing a low of .008 that morning, the stock would finish the remainder of the week on a note of strength, running up to a high of .011 just prior to Friday’s closing bell.
That was equal to a solid two-day increase of up to 38%
RA Global Services, Inc. RAGL
RAGL is a momentum play that we want to add to our radar today. The stock traded up Friday on high volume, and boasts an extremely low float. It will be interesting to see if breakout conditions can spill over into this week.
Low-float plays such as this are subject to volatile swings, which can be used to a sharp trader’s advantage.
Extended Watchlist:
MNGA, CDTI, KIPS, GALE, WYY