Shareholders as at the ex-dividend date of 12 June 2025 will be eligible to receive any potential special dividend distributions relating to Tembo transactions Corresponding record date will be 13 June 2025 LONDON, June 09, 2025 (GLOBE NEWSWIRE) -- VivoPower International PLC (NASDAQ: VVPR, “VivoPower” or the “Company”) today announced that it has set an ex-dividend date of 12 June 2025 pertaining to any potential future dividend distributions regarding transactions involving Tembo e LV B.V. (“Tembo”). Sha ...

Core Insights - Kandi Technologies Group, Inc. reported a net revenue increase of 3.2% year-over-year, reaching $127.6 million for the full year 2024, driven primarily by higher sales of electric off-road vehicles [4][6] - The company experienced a significant net loss of $51.0 million in 2024, compared to a net income of $1.7 million in 2023, largely due to increased operating expenses and a one-time impairment loss [8][7] - Kandi's strategic initiatives included expanding its product offerings in North America, enhancing its distribution network, and forming a partnership for localized lithium battery production in the U.S. [3][6] Financial Performance - Net revenues for 2024 were $127.6 million, up from $123.6 million in 2023, with electric off-road vehicle sales accounting for over 91% of total revenue [4][6] - Gross profit decreased to $39.3 million, with a gross margin of 30.8%, down from 33.5% in the previous year, attributed to regional and product mix shifts [4][6] - Operating expenses surged to $108.1 million, reflecting a 98.5% increase from $54.4 million in 2023, which included a one-time impairment loss of $24.1 million [5][7] Market Expansion and Strategic Initiatives - Kandi expanded its footprint in North America by launching new electric utility vehicles and themed models, enhancing brand visibility and appeal [3][6] - The company entered the Canadian market and broadened its distribution network in the U.S., which contributed to a more resilient electric off-road vehicle portfolio [3][6] - A strategic alliance with CBAK Energy was announced to establish localized lithium battery production facilities in the U.S., aligning with clean energy incentives and improving supply chain resilience [3][6] Cash and Liquidity - As of December 31, 2024, Kandi reported strong liquidity with $126.3 million in cash and cash equivalents, restricted cash, and certificates of deposit [6] - The company repurchased 1,892,568 shares at an average price of $2.05 per share, indicating confidence in its long-term growth prospects [6]