Company: FLYE
Filing Date: 2025-07-15
Form Type: 10-K
Source: 0001213900-25-064293
Chunk: 222

Company: Fly-E Group, Inc.
Filing Date: 2025-07-15
Form: 10-K
Item: Item 1A
Chunk 222
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 3,676,286  
     93.5%
  
    Total Operating Expenses 
     15,010,863  
     9,845,989  
     5,164,874  
     52.5%
  
    (Loss) Income from Operations 
     (4,559,966) 
     3,260,557  
     (7,820,523) 
     (239.9)%
  
    Other Income (Expenses), Net 
     10,588  
     (30,352) 
     40,940  
     (134.9)%
  
    Interest Expenses, Net 
     (405,615) 
     (152,050) 
     (253,565) 
     166.8%
  
    Income Taxes Expense 
     (336,166) 
     (1,182,933) 
     846,767  
     (71.6)%
  
    Net (Loss) Income 
    $(5,291,159) 
    $1,895,222  
    $(7,186,381) 
     (379.2)%

Revenues

    For the Year Ended March 31, 

    2025  
    2024  
    Change  
    Percentage  Change 
  
    Sales-Retail 
    $21,725,817  
    $26,389,720  
    $(4,663,903) 
     (17.7)%
  
    Sales-Wholesale 
    $3,529,479  
    $5,815,946  
    $(2,286,467) 
     (39.3)%
  
    Sales-Rental services 
     171,867  
     —  
     171,867  
     100.0%
  
    Total Net Revenues 
    $25,427,163  
    $32,205,666  
    $(6,778,503) 
     (21.0)%

Our net revenues were $25.4 million for
the year ended March 31, 2025, a decrease of 21.0%, from $32.2 million for the year ended March 31, 2024. The decrease in our net
revenues was primarily driven by