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), an electric vehicle company specializing in e-motorcycles, e-bikes, and e-scooters, reported challenging financial results for fiscal year 2025. Net revenues decreased 21.0% to $25.4 million, with gross profit falling to $10.5 million from $13.1 million. The company posted a net loss of $5.3 million, compared to net income of $1.9 million in FY2024.
Despite revenue challenges, gross margin improved to 41.1% due to reduced battery costs. Operating expenses increased significantly by 52.5% to $15.0 million. The company's rental service expanded to major cities, and a recent public offering in June 2025 strengthened its capital position. Sales were impacted by lithium-battery safety concerns and store closures, while the company continues investing in product safety and digital platforms.
Fly-E Group (Nasdaq: FLYE), a company specializing in electric motorcycles, bikes, and scooters, has announced a 1-for-5 reverse stock split effective July 7, 2025. The split will reduce outstanding shares from 53,183,053 to approximately 10,636,611.
The company's stock will continue trading under the symbol "FLYE" with a new CUSIP number 343927208. The reverse split will proportionally adjust warrant exercise prices and equity incentive plan shares, with fractional shares rounded up. This strategic move aims to increase the stock's market price to maintain Nasdaq listing requirements and attract institutional investors.
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.