Fly-E Group, Inc. ( (FLYE) ) has released a notification of late filing.
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Fly-E Group, Inc. has announced a delay in filing its Form 10-K (Yearly Report) for the financial period ending March 31, 2025. The primary reason for the delay is the additional time required to prepare the financial statements for the fiscal year. The company anticipates filing the report within fifteen calendar days following the original due date. Financially, Fly-E Group, Inc. expects a significant change in results, with net revenues decreasing by 21% to approximately $25.4 million due to a drop in sales volume. Operating expenses increased by 53.3%, leading to a net loss of approximately $5.3 million, a stark contrast to the previous year’s net income of $1.9 million. The company is committed to ongoing compliance efforts, as indicated by the notification signed by CEO Zhou Ou.
Spark’s Take on FLYE Stock
According to Spark, TipRanks’ AI Analyst, FLYE is a Neutral.
Fly-E Group, Inc.’s stock score is primarily hampered by weak financial performance, reflected in declining revenues, profitability issues, and negative cash flows. The technical analysis further indicates a lack of positive market momentum, while poor valuation metrics highlight the company’s challenges in generating earnings. These factors cumulatively suggest a cautious outlook for the stock.
To see Spark’s full report on FLYE stock, click here.
More about Fly-E Group, Inc.
Average Trading Volume: 431,244
Technical Sentiment Signal: Strong Buy
Current Market Cap: $48.93M
For detailed information about FLYE stock, go to TipRanks’ Stock Analysis page.