Welcome to our dedicated page for Fly-E Group news (Ticker: FLYE), a resource for investors and traders seeking the latest updates and insights on Fly-E Group stock.
Fly-E Group, Inc. reports developments in its electric two-wheel vehicle business, including the design, installation, sale and rental of smart electric motorcycles, electric bikes and electric scooters under the Fly E-Bike brand. Company updates commonly cover quarterly results, gross margin trends, wholesale activity, rental services, product and software development costs, supplier pricing and retail-store expansion.
News for FLYE also includes distributor relationships and market entries tied to urban mobility, accessories, on-site services and connected or smart mobility offerings. Corporate updates include Nasdaq Capital Market compliance notices, delayed periodic-report matters and other listing or governance disclosures affecting its public-company status.
Fly-E Group (NASDAQ: FLYE), a company specializing in smart electric motorcycles, bikes, and scooters, announced its participation in the D. Boral Capital Inaugural Global Conference on May 14, 2025, at the Plaza Hotel in New York City. The company's management team will engage in one-on-one meetings with investors during the conference.
The conference will feature approximately 75 presenting companies and hundreds of institutional investors, providing a platform for cross-sector engagement and networking. The event aims to showcase both public and private companies in an intimate setting, offering insights and expert commentary across multiple sectors.
UL Solutions (NYSE: ULS) has filed a lawsuit against Fly-E Group (NYSE: FLYE) and its subsidiaries for allegedly counterfeiting the UL Mark on their e-mobility products. The lawsuit targets Fly-E Group's entire line of e-bikes, e-scooters, and e-motorcycles that were falsely advertised as UL Certified without undergoing proper product testing.
The complaint accuses Fly-E Group of federal trademark infringement, using false descriptions in violation of the Trademark Act of 1946, unfair competition, unjust enrichment, and deceptive trade practices under New York law. UL Solutions is pursuing a permanent injunction, statutory damages, and punitive damages, citing the defendant's intentional infringement and disregard for consumer safety.
The UL Mark, used since 1937, appears on billions of products as a symbol of safety certification. UL Solutions has requested a trial by jury for the case.
Fly-E Group (NASDAQ: FLYE) reported Q3 FY2025 financial results showing declining performance. Revenue decreased 23.6% to $5.7 million from $7.4 million in Q3 FY2024. The company posted a net loss of $0.7 million ($0.03 per share) compared to net income of $20,889 ($0.001 per share) last year.
Sales volume dropped by 3,511 units to 9,989 units, primarily due to decreased consumer confidence following lithium-battery accidents. Despite challenges, gross margin improved to 45.1% from 39.0% year-over-year. Operating expenses increased 26% to $3.5 million due to higher payroll, rent, advertising, and insurance costs.
For the nine months ended December 31, 2024, revenue fell 15.2% to $20.4 million, with net loss of $2.0 million. The company's Fly-11 PRO was selected for NYC DOT's $2 million trade-in program launched in January 2025.
Fly-E Group (NASDAQ: FLYE) announced that its Fly-11 PRO e-bike has been selected as the official e-bike for the NYC Department of Transportation's E-Bike Trade-In Program. The program aims to distribute approximately 400 e-bikes during the pilot period, replacing uncertified e-bikes with models meeting UL 2849 safety standards and UL 2271-certified batteries.
The Fly-11 PRO was chosen for its advanced safety features, including UL-certified components, advanced battery management system, and superior durability. This isn't Fly-E's first NYC collaboration, as the company previously supported the Equitable Commute Project (ECP).
Fly-E Group (Nasdaq: FLYE), a company specializing in electric vehicles and accessories, has announced its participation in The Benchmark Company's 13th Annual Discovery One-on-One Investor Conference. The event will take place on December 11, 2024, at the New York Athletic Club in New York City.
The conference, running from 9:00 AM to 3:00 PM ET, will provide Fly-E's executives an opportunity to meet individually with institutional and individual investors. During these meetings, they will present their business model, share their vision for the future of electric vehicles, and engage directly with investors and analysts.
The company, which focuses on designing, installing, selling, and renting smart electric motorcycles, bikes, scooters, and related accessories, invites interested investors to schedule one-on-one meetings through the conference's registration portal.
Fly-E Group (NASDAQ: FLYE) reported Q2 FY2025 financial results with revenue of $6.8 million, down 22.1% from $8.8 million in Q2 2023. The company posted a net loss of $1.1 million ($0.05 per share) compared to net income of $0.7 million ($0.03 per share) last year. Despite maintaining a stable gross margin above 40%, operating expenses increased by 54.5% to $4.1 million. Sales volume decreased by 5,850 units to 15,056 units, primarily due to customer concerns over lithium battery accidents. The company showcased 11 models at October's Electrify Expo, including three new e-motorcycle models, and is expanding into markets like Miami, Los Angeles, and Toronto.
Fly-E Group, Inc. (Nasdaq: FLYE) reported its Q1 FY2025 financial results, ending June 30, 2024. Key highlights include:
- Net revenues increased 0.4% to $7.9 million
- Gross profit rose 13.8% to $3.1 million
- Gross margin improved to 39.4% from 34.7%
- Net loss of $0.2 million, compared to $0.4 million net income last year
- Basic and diluted losses per share of $0.01
- EBITDA decreased to $57,021 from $820,134
The company saw growth in retail sales but a decline in wholesale revenue. Operating expenses increased due to business expansion. Fly-E launched a new e-bike rental program in New York City and plans to expand to other major cities.