Company: FLYE
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001213900-25-078571
Chunk: 207

Company: Fly-E Group, Inc.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 2
Chunk 207
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AAP financial measures
as supplements to our U.S. GAAP results in order to provide a more complete understanding of the factors and trends affecting our
business. EBITDA is a measure of operating performance that is not defined by U.S. GAAP and should not be considered a substitute
for net (loss) income as determined in accordance with U.S. GAAP.

EBITDA along with a reconciliation to net income is shown within the
Results of Operations below.

Results of Operations for the Three Months Ended June 30, 2025 and 2024

The following table sets forth the components of our results of operations
for the three months ended June 30, 2025 and 2024:

    For the Three Months Ended June 30, 

    2025  
    2024  
    Change  
    Percentage  Change 
  
    Revenues, Net 
    $5,328,198  
    $7,873,426  
    $(2,545,228) 
     (32.3)%
  
    Cost of Revenues 
     3,066,823  
     4,773,792  
     (1,706,969) 
     (35.8)%
  
    Gross Profit 
     2,261,375  
     3,099,634  
     (838,259) 
     (27.0)%
  
    Operating Expenses 

    Selling Expenses 
     1,321,217  
     1,612,495  
     (291,278) 
     (18.1)%
  
    General and Administrative Expenses 
     2,444,933  
     1,532,638  
     912,295  
     59.5%
  
    Total Operating Expenses 
     3,766,150  
     3,145,133  
     621,017  
     19.7%
  
    Loss from Operations 
     (1,504,775) 
     (45,499) 
     (1,459,276) 
     3,207.3%
  
    Other Income (Expenses), Net 
     (7,898) 
     6,518  
     (14,416) 
     (221.2)%
  
    Interest Expense