Company: FLYE
Filing Date: 2025-02-19
Form Type: 10-Q
Source: 0001213900-25-015334
Chunk: 70

Company: Fly-E Group, Inc.
Filing Date: 2025-02-19
Form: 10-Q
Item: Part I, Item 1
Chunk 70
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, 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  
     2,773,626  
     2,410,806  
     86.9%
  
    Total Operating Expenses 
     10,781,995  
     7,410,669  
     3,371,326  
     45.5%
  
    (Loss) Income from Operations 
     (2,216,837) 
     2,046,158  
     (4,262,995) 
     (208.3)%
  
    Other Income (Expenses), Net 
     (64,110) 
     (24,123) 
     (39,987) 
     165.8)%
  
    Interest Expenses, Net 
     (247,550) 
     (82,150) 
     (165,400) 
     201.3%
  
    Income Taxes Benefit (Expense) 
     521,654  
     (731,997) 
     1,253,651  
     (171.3)%
  
    Net (Loss) Income 
    $(2,006,843) 
    $1,207,888  
    $(3,