Welcome to our dedicated page for Ezgo Technologies news (Ticker: EZGO), a resource for investors and traders seeking the latest updates and insights on Ezgo Technologies stock.
EZGO Technologies Ltd. (NASDAQ: EZGO) is publicly described as a short-distance transportation solutions provider in China, with a business model centered on electric two- and three-wheeled vehicles, lithium and lead-acid battery packs, electronic control systems, intelligent robots and related services. The EZGO news feed on Stock Titan aggregates company-issued announcements and other coverage so readers can follow developments that the company discloses to the market.
News about EZGO often focuses on financial results and segment performance. The company regularly releases audited annual results and unaudited interim results, detailing revenue contributions from battery cells and packs, electronic control systems, intelligent robots, and other activities such as maintenance services and second-hand machinery sales. These updates explain how factors like competition in the e-bicycle industry, demand for lithium battery packs, and changes in cost structure affect gross margins and net results.
Another recurring news theme is capital markets and listing status. EZGO has issued press releases about receiving Nasdaq notifications regarding minimum bid price deficiencies, delisting determinations, and subsequent appeals or compliance periods. The company has also announced reverse share splits, including a 1-for-40 reverse split in April 2024 and a 1-for-25 reverse split effective in November 2025, aimed at addressing Nasdaq’s minimum bid price requirement. A later Form 6-K reports that EZGO regained compliance with that requirement after the November 2025 reverse split.
EZGO’s news flow also covers strategic and operational updates. Examples include the decision to dispose of its e-bicycle business and classify it as a discontinued operation, a strategic cooperation framework agreement with Woteam New Energy (Guangdong) Co., Ltd. to jointly develop products and explore the Southeast Asian market, and a procurement agreement for security patrol robots and an intelligent patrol platform with a customer in China. Governance and capital structure developments, such as changes to authorized share capital, adoption of an equity incentive plan, and board and management changes, are disclosed through Form 6-K filings and related announcements.
Investors and followers of EZGO can use this news page to review the company’s own disclosures on earnings, segment trends, partnerships, robotics contracts, battery-focused strategy, Nasdaq compliance actions and corporate governance changes, all in one place.
EZGO Technologies Ltd. (Nasdaq: EZGO) announced a definitive securities purchase agreement on March 8, 2023, with ten unrelated third-party purchasers. Under this agreement, EZGO will issue 18,000,000 ordinary shares at a price of $0.80 each, totaling approximately $14.4 million. The transaction is expected to close around March 15, 2023, with net proceeds estimated at $14.3 million after expenses. Funds will be used for working capital, general corporate purposes, and potential investments in technologies and businesses to enhance company value. The offering was registered with the SEC under Form F-3.
EZGO Technologies Ltd announced on January 25, 2023, that it has regained compliance with Nasdaq's minimum bid price requirement under Listing Rule 5550(a)(2). This confirmation was received in a notification letter from Nasdaq on January 23, 2023. The Company has established a strong business model focused on manufacturing and selling electric vehicles and batteries, under three brands: EZGO, Dilang, and Cenbird. With a commitment to leveraging an IoT platform, EZGO aims to serve both domestic and international markets.
EZGO Technologies (NASDAQ: EZGO) reported a 25.8% revenue decline to
EZGO Technologies Ltd. has been granted an additional 180-day compliance period by Nasdaq, extending until May 29, 2023, to meet the minimum bid price requirement for its ordinary shares. The company previously received notice on June 3, 2022, indicating its shares did not meet the required $1.00 per share price for 30 consecutive business days. The firm's current compliance status remains unaffected, and shares will continue trading on Nasdaq under the symbol EZGO.
EZGO Technologies reported unaudited financial results for the six months ended March 31, 2022, revealing revenues of $6.0 million, a 34.3% decrease year-over-year. The company sold 23,097 units, down 32.2%. Gross margin fell to 4.7% from 8.3%, with a net loss of $2.7 million compared to a loss of $0.3 million in 2021. Cash reserves decreased to approximately $2.1 million. The decline was attributed to COVID-19 impacts and a transition to a new sales model. A slight recovery in sales is expected as COVID restrictions ease.
EZGO Technologies Ltd. (Nasdaq: EZGO) received a notification from Nasdaq on June 3, 2022, indicating non-compliance with the minimum bid price requirement, as its shares traded below $1.00 for 30 consecutive days. The company has a 180-day compliance period, ending November 30, 2022, to regain compliance by maintaining the minimum price for at least 10 consecutive business days. If unsuccessful, EZGO may seek an additional grace period or implement a reverse stock split. Despite this, trading under the ticker 'EZGO' continues without interruption.
EZGO Technologies Ltd. reported financial results for the fiscal year ending September 30, 2021. Revenues increased by 53.7% to $23.4 million driven by strong e-bicycle sales, which grew 63.3% year-over-year. Despite the revenue growth, EZGO experienced a net loss of $3.4 million, down from a net income of $0.3 million in the previous year. Increased operating and sales expenses, due to hiring and marketing, significantly impacted profits. Cash and cash equivalents stood at approximately $4.8 million.
EZGO Technologies Ltd. (Nasdaq: EZGO) has announced that its independent registered public accounting firm, Briggs & Veselka Co. LLP, is PCAOB-registered and located in Texas. This development addresses the SEC's new rules under the Holding Foreign Companies Accountable Act (HFCAA). EZGO believes it will not fall under HFCAA provisions, as its auditor is not in a foreign jurisdiction that PCAOB cannot inspect. The company focuses on manufacturing two- and three-wheeled electric vehicles in China, supported by an IoT product platform and E-bicycle brands.
EZGO Technologies Ltd. (Nasdaq: EZGO) announced an operation agreement with the Tancheng local administration in Shandong Province to operate e-bicycle sharing services, providing up to 3,000 e-bicycles for three years starting November 9, 2021. This initiative aims to expand its bike-sharing business in southern Shandong, targeting a market of over 800,000 residents. The company hopes to leverage its IoT platform to enhance user experience and capitalize on the anticipated growth in e-bicycle sharing, projected to exceed 8 million units deployed by 2025.
EZGO Technologies Ltd. (Nasdaq: EZGO) launched its new brand and seven innovative electric vehicle models at the 39th China Electric Vehicle and Parts Exhibition in Jiangsu, China. The newly introduced products include four electric motorcycles—"Devil," "Little Angel," "M9," and "Zhuque"—alongside three electric bicycles. The company aims to enhance its position as a leading provider of short-distance transportation solutions in China and expand into international markets. CEO Jianhui Ye emphasized the strategic importance of this launch for growth.
FAQ
What is the current stock price of Ezgo Technologies (EZGO)?
What is the market cap of Ezgo Technologies (EZGO)?
