Fly-E Group, Inc. ( (FLYE) ) has released a notification of late filing.
Fly-E Group, Inc. has announced a delay in filing its Form 10-Q (Quarter Report) for the fiscal period ending December 31, 2024. The primary reason for this delay is the need for additional time to prepare the financial statements, highlighting internal factors that could not be resolved without unreasonable effort or expense. The company anticipates filing the report within five days following the original due date. In terms of financial impact, Fly-E Group has reported a significant decrease in net revenues by 23.6% to approximately $5.7 million compared to the same period last year. The company also reported a net loss of approximately $0.7 million, marking a drastic change from the previous year’s net income. These figures are subject to change as they are still under review. The company remains committed to compliance efforts and this notification is signed by Zhou Ou, the Chief Executive Officer.
More about Fly-E Group, Inc.
YTD Price Performance: -38.73%
Average Trading Volume: 2,061,485
Technical Sentiment Consensus Rating: Strong Buy
For a thorough assessment of FLYE stock, go to TipRanks’ Stock Analysis page.