Fly-E Group Q2 FY2025 revenue falls 22% to $6.8M, swings to net loss of $1.1M

Fly-E Group, Inc.

Q2 revenue $6.8M (-22.1% YoY); gross margin stable at 42.6% vs 42.9%.
Net loss of $1.1M ($0.05/share) vs net income of $0.7M ($0.03/share) in Q2 last year.
Total operating expenses surged 54.5% to $4.1M, driven by expansion and public company costs.
First-half FY2025 net loss $1.3M vs income $1.2M; cash from operations -$9.4M.
Management cites NYC lithium-battery accidents and store closures as headwinds; launched e-bike rental service and 3 new e-motorcycle models.

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