Company: FLYE
Filing Date: 2025-12-18
Form Type: 10-Q
Source: 0001213900-25-123281
Chunk: 84

Company: Fly-E Group, Inc.
Filing Date: 2025-12-18
Form: 10-Q
Item: Item 1
Chunk 84
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 Depreciation 
     204,466  
     85,859  
     118,607  
     138.1%
  
    Interest Expenses 
     539,537  
     23,795  
     515,742  
     2,167.4%
  
    Amortization 
     27,446  
     7,895  
     19,551  
     247.6%
  
    EBITDA 
    $(964,664) 
    $(1,191,234) 
    $226,570  
     (19.0)%
  
    Percentage of Revenue 
     (24.7)% 
     (17.5)% 
        
     (7.2)%

Before interest expenses, income tax, depreciation,
and amortization, for the three months ended September 30, 2025, our net loss was approximately $1.0 million, a decrease of approximately
$0.2 million, compared to net loss of $1.2 million for the three months ended September 30, 2024, which was mainly attributable to the
decrease in revenue, selling expenses and general and administrative expenses described above. The ratio of EBITDA to revenue was negative
24.7% and negative 17.5% for the three months ended September 30, 2025 and 2024, respectively.

47

Results of Operations for the Six Months Ended
September 30, 2025 and 2024

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

    For the Six Months Ended September 30, 

    2025  
    2024  
    Change  
    Percentage  Change 
  
    Revenues, Net 
    $9,237,060  
    $14,697,832  
    $(5,460,772) 
     (37.2)%
  
    Cost of Revenues 
     5,999,164  
     8,693,744  
     (2,694,580) 
     (31.0)%
  
    Gross Profit 
     3,237,896  
     6,004,088  
     (2,766,192) 
     (46.1