Company: FLYE
Filing Date: 2025-02-19
Form Type: 10-Q
Source: 0001213900-25-015334
Chunk: 2

Company: Fly-E Group, Inc.
Filing Date: 2025-02-19
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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 on a retroactive basis to reflect the stock split completed on April 2, 2024. 

The accompanying notes are an integral part of these unaudited condensed
consolidated financial statements. 

1

FLY-E GROUP, INC.

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS
OF OPERATIONS AND

COMPREHENSIVE (LOSS) INCOME

(Expressed in U.S. dollars, except for the
number of shares)

    For the Three Months Ended  December 31,  
    For the Nine Months Ended  December 31, 

    2024  
    2023  
    2024  
    2023 
  
    Revenues 
    $5,678,010  
    $7,428,212  
    $20,375,842  
    $24,034,397 
  
    Cost of Revenues 
     3,116,940  
     4,455,399  
     11,810,684  
     14,577,570 
  
    Gross Profit 
     2,561,070  
     2,972,813  
     8,565,158  
     9,456,827 

    Operating Expenses 

    Selling Expenses 
     1,943,633  
     1,935,498  
     5,597,563  
     4,637,043 
  
    General and Administrative Expenses 
     1,557,716  
     843,326  
     5,184,432  
     2,773,626 
  
    Total Operating Expenses 
     3,501,349  
     2,778,824  
     10,781,995  
     7,410,669 
  
    Income (Loss) from Operations 
     (940,279) 
     193,989  
     (2,216,837) 
     2,046,158 

    Other Expenses, net 
     (16,699) 
     (53,824) 
     (64,110) 
     (24,123)
  
    Interest Expenses, net 
     (155,673) 
     (31,558) 
     (247,550)