Company: FLYE
Filing Date: 2025-08-14
Form Type: NT 10-Q
Source: 0001213900-25-076663
Chunk: 2

Company: Fly-E Group, Inc.
Filing Date: 2025-08-14
Form: NT 10-Q
Chunk 2
---
.9 million
for the same period in 2024, which was primarily driven by a decrease in total units sold, which dropped by 6,432 units, from 16,880 units
for the three months ended June 30, 2024, to 10,448 units for the three months ended June 30, 2025, and by the decreased average sales
price of EV, which decreased by $93 per EV, from $1,053 in the three months ended June 30, 2024 to $960 in the three months ended June
30, 2025. The decrease in volume and average sales price is mainly due to recent lithium-battery accidents involving E-Bikes and E-Scooters.
With an increasing number of lithium-battery explosion incidents in New York, customers are less inclined to purchase E-Bikes. Consequently,
sales have declined as customers opt for oil-powered vehicles over electric vehicles. The decrease in volume also attributed in part to
the closures and disposition of Registrant’s retail stores during the three months ended June 30, 2025.

The amounts reported above are still under review
and may differ once reported in the Form 10-Q to be filed by the Registrant.

Cautionary Note Regarding Forward-Looking Statements

This Notification of Late Filing on Form 12b-25,
or this Form 12b-25, contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933,
as amended, and Section 21E of the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to
the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe
future expectations, plans, results, or strategies and are generally preceded by words such as “anticipates,” “believe,”
“may,” “future,” “plan,” “should” or “expects.” Forward-looking statements
in this Form 12b-25 include, but are not limited to, the expected timing of the filing of the Form 10-Q and the Registrant’s expected
financial results to be included in the Form 10-Q. You are cautioned that such statements are subject to a multitude of risks and uncertainties
that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements,
including risks and uncertainties related to the compilation and finalization of the Registrant’s