Company: FLYE
Filing Date: 2025-06-02
Form Type: 424B4
Source: 0001213900-25-050035
Chunk: 59

Company: Fly-E Group, Inc.
Filing Date: 2025-06-02
Form: 424B4
Chunk 59
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 increase of $1.1 million, compared to $2.4 million for the year ended March 31, 2023, which was mainly attributable to the increase in sales described above. The ratio of EBITDA to revenue was 10.9% and 11.2% for the year ended March 31, 2024 and 2023, respectively.

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Results of Operations for the Nine Months Ended December 31, 2024 and 2023 The following table sets forth the components of our results of operations for the nine months ended December 31, 2024 and 2023:

|                                     |     | For the Nine Months Ended December 31, |       2024 |   |     |   |       2023 |   |     |   |     Change |   |     |        | Percentage 
 Change     |
|:------------------------------------|:----|:---------------------------------------|-----------:|:--|:----|:--|-----------:|:--|:----|:--|-----------:|:--|:----|-------:|:-----------|
| Revenues, Net                       |     | $                                      | 20,375,842 |   |     | $ | 24,034,397 |   |     | $ | (3,658,555 | ) |     |   (5.2 | )%         |
| Cost of Revenues                    |     |                                        | 11,810,684 |   |     |   | 14,577,570 |   |     |   | (2,766,886 | ) |     |  (19.0 | )%         |
| Gross Profit                        |     |                                        |  8,565,158 |   |     |   |  9,456,827 |   |     |   |   (891,669 | ) |     |   (9.4 | )%         |
| Operating Expenses                  |     |                                        |            |   |     |   |            |   |     |   |            |   |     |        |            |
| Selling Expenses                    |     |                                        |  5,597,563 |   |     |   |  4,637,043 |   |     |   |    960,520 |   |     |   20.7 | %          |
| General and Administrative Expenses |     |                                        |  5,184,432 |