Fly-E net loss widens 96.1% to $3.94 million in Q2 FY26; revenue drops 48.4% to $2.75 million
FLYE•Fly-E reports lower revenue and wider loss
- Fly-E Group posted net revenue of $2.75 million, down 48.4% year-over-year, as retail sales slid 84.3% to $589,079.
- Net loss widened to $3.94 million, up 96.1% year-over-year; gross margin fell 31.5 percentage points to 10.9%.
- Operating loss deepened to $3.54 million; general and administrative expense rose 37% to $3.35 million.
Sales mix, liquidity and going-concern warning
- Unit sales dropped to 7,558 from 10,448, while wholesale revenue climbed 46.9% to $2.1 million.
- Cash totaled $60,281; management flagged substantial doubt about going concern as it remained in default on a bank credit facility.
