Company: FLYE
Filing Date: 2025-06-02
Form Type: 424B4
Source: 0001213900-25-050035
Chunk: 56

Company: Fly-E Group, Inc.
Filing Date: 2025-06-02
Form: 424B4
Chunk 56
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 logistics costs as the Company sourced and imported more EV parts and accessories outside the United States during the year ended March 31, 2024. Gross Margin The following table shows our gross profit and gross margin for the years ended March 31, 2024 and 2023:

|              |     | For the Year Ended March 31, 
 2024                         |            |   |     |      2023 |   |     |    Change |     | Percentage 
     Change |   |
|:-------------|:----|:-----------------------------|-----------:|:--|:----|----------:|:--|:----|----------:|:----|-----------:|:--|
| Gross Profit |     | $                            | 13,106,546 |   |     | 8,289,532 |   |     | 4,817,014 |     |       58.1 | % |
| Gross Margin |     |                              |       40.7 | % |     |      38.1 | % |     |           |     |            |   |

Gross profit was $13.1 million and $8.3 million for the year ended March 31, 2024 and 2023, respectively. Gross margin was 40.7% and 38.1% for the years ended March 31, 2024 and 2023, respectively. The increase in gross profit and gross margin was a result of higher average per unit selling price, increasing from $941 for the year ended March 31, 2023 to $960 for the year ended March 31, 2024. These improvements were driven by product upgrades, enhanced sales channels, and an improved brand image in the market. Total Operating Expenses The following table sets forth the components of our total operating expenses for the years ended March 31, 2024 and 2023:

|                                     |     | For the Year Ended March 31, 
 2024                         |           |   |     |      2023 |   |     |    Change |     | Percentage 
     Change |   |
|:------------------------------------|:----|:-----------------------------|----------:|:--|:----|----------:|:--|:----|----------:|:----|-----------:|:--|
| Selling Expenses                    |     | $                            | 5,914,786 |   |     | 3,667,227 |   |