Company: FLYE
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001213900-25-078571
Chunk: 208

Company: Fly-E Group, Inc.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 2
Chunk 208
---
 
     (546,234) 
     (68,082) 
     (478,152) 
     702.3%
  
    Income Taxes Benefit (Expense) 
     50,259  
     (72,445) 
     122,704  
     (169.4)%
  
    Net Loss 
    $(2,008,648) 
    $(179,508) 
    $(1,829,140) 
     1,019.0%

Revenues

    For the Three Months Ended June 30, 

    2025  
    2024  
    Change  
    Percentage  Change 
  
    Sales-Retail 
    $3,762,829  
    $6,870,418  
    $(3,107,589) 
     (45.2)%
  
    Sales-Wholesale 
    $1,427,231  
    $1,003,008  
    $424,223  
     42.3%
  
    Sales-Rental services 
     138,138  
     —  
     138,138  
     100.0%
  
    Total Net Revenues 
    $5,328,198  
    $7,873,426  
    $(2,545,228) 
     (32.3)%

Our net revenues were $5.3 million for the three months ended
June 30, 2025, a decrease of 32.3%, from $7.9 million for the three months ended June 30, 2024. The decrease in our net revenues was
primarily driven by a decrease in sales volume 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 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.

38

Our
retail sales revenue decreased by $3.1 million, or 45.2%, from $6.9 million for the three months ended June 30, 2024 to $3.8
million for the