Fly-E Group reports FY2025 net loss of $5.3M vs prior year income of $1.9M; revenue down 21%

Fly-E Group, Inc.

Net revenues $25.4M, down 21% from $32.2M; gross margin improved slightly to 41.1% from 40.7%.
Net loss $5.3M ($1.10 loss per share) compared to net income $1.9M ($0.43 EPS) in FY2024.
EBITDA swung to negative $3.9M from positive $3.5M; operating cash flow negative $10.1M vs positive $4.3M.
Revenue decline driven by lithium-battery safety concerns and retail store closures; sales volume fell 10,846 units.
Operating expenses surged 52.5% to $15.0M, including $1.0M settlement payments and higher payroll/professional fees.

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