Fly-E Group, Inc. Common Stock

Fly-E Group, Inc. designs, installs, and sells smart electric motorcycles and related accessories under the Fly E-Bike brand in the United States through its subsidiaries. Its product line includes e-mopeds, e-motorcycles, e-tricycles, e-scooters, and e-bikes such as city, foldable, and standard models, as well as traditional bicycles. The company also offers accessories and spare parts, upgrade components, after-sales repair and bodywork, maintenance services, and value-added services such as GPS installation and theft reporting. Founded in 2018, Fly-E Group is based in Flushing, New York, and sells to food delivery workers through distributors and its retail and online stores.

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Fly-E Group Reports Q1 Loss of $3.9M, Revenue Down 49.1%

Fly-E Group reported a first-quarter GAAP loss of $2.41 per share, with revenue of $2.7 million, a 49.1% decline year-over-year. Gross profit fell to $0.3 million from $2.3 million, and gross margin dropped to 10.9% from 42.4%. The net loss widened to $3.9 million from $2.0 million in the prior-year period. As of June 30, 2026, the company held cash of $60 thousand, down from $0.3 million at the end of March 2026.

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