Sector: Consumer Cyclicals | Industry: Auto Vehicles, Parts & Service Retailers |
See Regulatory Filings on SEC |
Company Contact | |
Address: | Dongjin International Center Building A, Unit 903, Chaoyang District BEIJING BEJ 100022 |
Tel: | N/A |
Website: | https://ir.kaixin.com |
IR: | See website |
Key People | ||
Mingjun Lin Chairman of the Board, Chief Executive Officer | Yi Yang Chief Financial Officer, Director |
Business Overview |
Kaixin Holdings, formerly Kaixin Auto Holdings, is a holding company that primarily sells used vehicles and related products and services. The Company also offers third-party financing and value-added services including extended warranties and insurance. The Company sells premium used cars via online and offline sales channels, which include brands such as Audi, BMW, Mercedes-Benz, Land Rover and Porsche. It displays vehicles at its brick-and-mortar showrooms as well as on its Kaixin Auto mobile apps and website. The Company mainly conducts its businesses in the China market. |
Financial Overview |
For the fiscal year ended 31 December 2023, Kaixin Holdings revenues decreased 62% to $31.5M. Net loss decreased 37% to $53.6M. Revenues reflect Used car financing income segment decrease of 98% to $1.4M. Lower net loss reflects Stock- based Compensation in SGA decrease of 69% to $12M (expense), General and administrative - Balancing decrease of 19% to $6M (expense). |
Employees: | 23 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $7.40M as of Dec 31, 2023 |
Annual revenue (TTM): | $31.54M as of Dec 31, 2023 |
EBITDA (TTM): | -$20.98M as of Dec 31, 2023 |
Net annual income (TTM): | -$53.56M as of Dec 31, 2023 |
Free cash flow (TTM): | -$2.50M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $0.52M as of Dec 31, 2023 |
Shares outstanding: | 59,645,217 as of Mar 31, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |