Fly-E Group (FLYE) Registration filing summary

Company overview and business model

• Designs, installs, sells and rents electric motorcycles, e-bikes, e-scooters and accessories under the Fly E-Bike brand; operates four U.S. retail stores as of Sep. 1, 2026, rental services in New York and Los Angeles, and an online store.

• Portfolio as of Sep. 1, 2026: 27 e-motorcycle, 37 e-bike and 38 e-scooter products; assembly uses components sourced mainly from China and the U.S. at a Maspeth, NY facility.

• Rental service targets demand for safe, UL-certified e-bikes compliant with New York State rules; a customer-facing EV management app remains in preliminary development, with a testing version unavailable to customers.

• For the three months ended Jun. 30, 2026, assembled 400 e-motorcycles, 961 e-bikes and 207 e-scooters.

Financial performance and metrics

• Net loss was $3.9 million for the three months ended Jun. 30, 2026, versus $2.0 million for the three months ended Jun. 30, 2025; operating cash used in the 2026 quarter was $190,160.

• Cash was $60,281 at Jun. 30, 2026; working capital was $8.1 million, versus $10.0 million at Mar. 31, 2025.

• Current contractual obligations totaled $5.4 million at Jun. 30, 2026, including $3.9 million of short-term loans, $0.1 million of current long-term loans and $1.4 million of operating lease liabilities.

• Net tangible book value at Jun. 30, 2026 was $25.75 million, or $15.78 per share; audited reports for FY2026 and FY2025 included going-concern explanatory paragraphs.

Use of proceeds and capital allocation

• Net proceeds, if any, are intended for working capital and general corporate purposes, including operating expenses and capital expenditures; management retains broad discretion over allocation.

• Pending deployment, proceeds may be invested in short-term, investment-grade, interest-bearing instruments; actual use may change with business conditions.

• No cash dividends have been paid on publicly traded common stock since the Jun. 2024 IPO; earnings, if any, are expected to be retained, with no cash dividends intended for the foreseeable future.