Fly-E Group reports Q3 EPS (3c) vs 1c last year

Reportst Q3 revenue $5.7M vs $7.4M last year. Zhou (Andy) Ou, Chairman and Chief Executive Officer of Fly-E, remarked, “During the third quarter and nine months of fiscal year 2025, we remained focused on strategic execution to drive long-term growth, despite temporary fluctuations in consumer sentiment due to recent battery accidents. We achieved a gross margin of 45.1% in the third quarter of fiscal year 2025, an uptick from 39.0% in the same period last year. On the market front, we are proud to participate in the New York City Department of Transportation’s Trade-In Program, which launched in January 2025. Our Fly-11 PRO was selected as the official model for this $2 million initiative, reinforcing our commitment to safety and high-quality standards. We are actively working alongside government agencies to promote this program and ensure safer mobility solutions for food delivery workers.”