---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-070438"
form_type: "8-K"
ticker: "FLYE"
cik: "0001975940"
company_name: "Fly-E Group, Inc."
filed_at: "2024-08-19T23:59:59+00:00"
generated_at: "2026-05-31T08:44:33.318006+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Fly-E Group swings to Q1 net loss of $0.2M; revenue flat at $7.9M

## Summary
- Net loss of $0.2M vs net income of $0.4M YoY; diluted EPS -$0.01 vs +$0.02.
- Revenue $7.9M (+0.4% YoY); gross profit $3.1M (+13.8%); gross margin 39.4% vs 34.7%.
- Operating expenses surged 60.9% to $3.1M, driven by store expansion and IPO-related costs.
- EBITDA fell to $57k from $820k; cash $4.5M vs $1.4M a year ago.
- Launched NYC e-bike rental program; plans to expand to Miami, Toronto, LA.

## SEC filing metadata
- accession: 0001213900-24-070438
- form_type: 8-K
- ticker: FLYE
- cik: 0001975940
- company_name: Fly-E Group, Inc.
- filed_at: 2024-08-19T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1975940/000121390024070438/0001213900-24-070438-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1975940/000121390024070438/ea0211492-8k_flyegroup.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-070438
- JSON: https://secwatch.observer/filing/0001213900-24-070438.json
- Plain text: https://secwatch.observer/filing/0001213900-24-070438.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.