FLYE
Fly-E Group, Inc.7.05
+0.33+4.91%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
11.51MP/E (TTM)
-Basic EPS (TTM)
-48.00Dividend Yield
0%Recent Filings
8-K
Auditor switch, no disagreements
Fly-E Group dismissed Marcum Asia as auditor and appointed Fortune CPA on March 6, 2026, for its Q3 2026 review and FY2026 audit. No disagreements occurred, but prior material weaknesses in U.S. GAAP expertise, internal controls, and IT persist from the 10-K. Marcum concurs. Clean switch, nagging weaknesses.
8-K
Nasdaq delinquency notice issued
Fly-E Group received a Nasdaq deficiency notice on February 27, 2026, for failing to timely file its Form 10-Q for the period ended December 31, 2025, under Listing Rule 5250(c)(1). No immediate delisting; it has until April 28 to submit a compliance plan, potentially extending to August 24. Separately, an SEC investigation began January 21 with no details disclosed. Fly-E aims to file soon, but risks delisting loom.
10-Q
Q2 FY2026 results
Fly-E Group's Q2 FY2026 revenues fell 42.7% y/y to $3.9M (derived), with gross margin contracting to 25.0% from 42.6% as retail sales dropped 65.8% y/y amid lithium-battery incidents in New York, while wholesale surged 91.3% y/y from disposed stores buying back products; operating loss narrowed 14.8% y/y to $1.0M, but net loss widened 55.4% y/y to $1.8M due to interest expenses jumping 2167% y/y to $0.5M from higher-rate debt. Cash climbed to $2.5M on $9.8M equity raises, yet operating cash burn hit $7.7M YTD; total debt $7.8M includes $4.9M Peapack line in default (forbearance to Mar 2026). Sold 17 subsidiaries Jul-Sep 2025 for ~$0.9M cash to streamline structure. Ongoing securities litigation poses reputational risk.
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