NEW YORK, Nov. 20, 2024 /PRNewswire/ -- Fly-E Group, Inc. (NASDAQ:FLYE) ("Fly-E" or the "Company"), an electric vehicle company engaged in designing, installing and selling smart electric motorcycles, electric bikes, electric scooters, and related accessories, today announced its unaudited financial results for the second quarter and first half of fiscal year 2025 ended September 30, 2024. Selected Second Quarter Financial Results Revenue: $6.8 million, compared with $8.8 million in Q2 2023.Gross profit: $2.9 million, compared with $3.8 million in Q2 2023.Total operating expense: $4.1 million, compared with $2.7 million in Q2 2023.Net loss: $1.1 million, or $0.05 per share, compared with ne

NEW YORK, Aug. 19, 2024 /PRNewswire/ -- Fly-E Group, Inc. (NASDAQ:FLYE) ("Fly-E" or the "Company"), an electric vehicle company engaged in designing, installing and selling smart electric motorcycles, electric bikes, electric scooters, and related accessories, today announced its unaudited financial results for the first quarter of fiscal year 2025 ended June 30, 2024. First Quarter of Fiscal Year 2025 Financial Summary Net revenues were $7.9 million in the first quarter of fiscal year 2025, an increase of 0.4% from $7.8 million in the same period last year.Gross profit was $3.1 million in the first quarter of fiscal year 2025, an increase of 13.8%, from $2.7 million in the same period last

NEW YORK, Aug. 09, 2024 (GLOBE NEWSWIRE) -- Fly-E Group, Inc. (NASDAQ:FLYE) ("Fly-E" or the "Company"), an electric vehicle company engaged in designing, installing and selling smart electric motorcycles, electric bikes, electric scooters, and related accessories, today announced the launch of its new e-bike rental service (the "Rental Service") to address growing market demand and its participation in the city's trade-in program (the "Trade-in Program"), introduced by New York city officials aimed at enhancing e-bike and battery safety. The Rental Service, which soon will be available through a Fly-E rental service mobile app and selected company stores, offers users a flexible and affor

NEW YORK, July 24, 2024 (GLOBE NEWSWIRE) -- Fly-E Group, Inc. (NASDAQ:FLYE) ("Fly-E" or the "Company"), an electric vehicle company engaged in designing, installing and selling smart electric motorcycles, electric bikes, electric scooters, and related accessories, today announced the upcoming launch of three new electric motorcycle models. These models, the DP, EK PRO, and DT, are scheduled for official unveiling and launch in New York at the end of October 2024. The DP model is designed for riders seeking high performance, offering exceptional speed and efficiency. The EK PRO model combines technology with a sleek design, providing an enhanced riding experience for electric motorcycle

NEW YORK, July 1, 2024 /PRNewswire/ -- Fly-E Group, Inc. (NASDAQ:FLYE) ("Fly-E" or the "Company"), an electric vehicle company engaged in designing, installing and selling smart electric motorcycles, electric bikes, electric scooters, and related accessories, today announced its financial results for the fiscal year ended March 31, 2024. Mr. Zhou (Andy) Ou, Chairman and Chief Executive Officer of Fly-E, remarked, "We are thrilled to present our robust inaugural financial results for fiscal year 2024 following our IPO in June 2024. Our net revenues and gross profit surged by an impressive 47.9% and 58.1%, respectively, for fiscal year 2024. This growth has been accompanied by an improvement

New York, N.Y., June 27, 2024 (GLOBE NEWSWIRE) -- Fly-E Group, Inc. (NASDAQ:FLYE) ("FLYE" or the "Company") today announced the underwriter of its initial public offering (the "Offering") has exercised its over-allotment option in full to purchase an additional 337,500 shares of FLYE's common stock at the public offering price of US$4.00 per share. After giving effect to the full exercise of the over-allotment option, FLYE sold an aggregate 2,587,500 shares of its common stock for aggregate gross proceeds of US$10.35 million, before deducting underwriter discounts, commissions and other related expenses. FLYE's shares of common stock began trading on the Nasdaq Capital Market under the sym

New York, N.Y., June 07, 2024 (GLOBE NEWSWIRE) -- Fly-E Group, Inc. (NASDAQ:FLYE) ("FLYE") today announced the closing of its initial public offering of 2,250,000 shares of its common stock, par value $0.01 per share, at an initial public offering price to the public of $4.00 per share. FLYE granted the underwriters a 30-day overallotment option to purchase up to an additional 337,500 shares of common stock from FLYE at the initial public offering price, less underwriting discounts and commissions. FLYE's shares of common stock began trading on the Nasdaq Capital Market under the symbol "FLYE" on June 6, 2024. The gross proceeds to FLYE from the offering, before deducting underwriting di