Fly-E Group, Inc. Announces First Quarter of Fiscal Year 2027 Financial Results
Fly-E reported Q1 revenue of $2.7 million, down 48.4% year-over-year, while gross margin collapsed to 10.9% from 42.4% in the prior year. The net loss widened to $3.9 million from $2.0 million, driven by a strategic reduction in retail stores and inventory clearance pricing.
Key figures
- Revenue
- 2748140
- Revenue Yoy
- -48.4%
- Cash
- 60000
- Net loss
- 3939083
- Gross margin
- 10.9%
- Gross profit
- 299864
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