With only $265K cash and $13.8M operating cash burn, Fly-E faces imminent liquidity risk. Monitor for going-concern disclosure, emergency financing, or restructuring. The wholesale pivot is margin-destructive and does not offset retail collapse. Short sellers should watch for Nasdaq non-compliance given the $3M market cap.
Price Chart
Executive Summary
Fly-E Group reported a disastrous fiscal year 2026 with net revenue down 25% to $19.1M, gross margin collapsing from 41.1% to 24.4%, and net loss widening to $9.3M from $5.3M. The company burned $13.8M in operating cash and ended with only $265K cash on hand, making this a severe fundamental deterioration for a $3M market cap company.
Key Financial Metrics
Key Facts
- Net revenue fell 25.0% to $19.1M from $25.4M
- Gross margin collapsed to 24.4% from 41.1%
- Net loss widened to $9.3M from $5.3M
- Operating cash burn was $13.8M vs $10.1M prior year
- Cash balance dwindled to $265K from $840K
- Retail sales revenue plunged 68.1% to $6.9M
- Wholesale revenue surged 227.5% to $11.6M but at lower margins
- Basic and diluted loss per share was $8.38 vs $21.95 (affected by reverse splits)
- EBITDA was negative $6.3M vs negative $3.9M
Financial Impact
Revenue decline of $6.3M (25%), gross profit decline of $5.8M (55%), net loss increase of $4.0M (75%), cash burn of $13.8M
Risk Factors
- Liquidity crisis — cash of $265K against $13.8M annual burn rate
- Going-concern risk likely in next filing
- Nasdaq delisting risk given $3M market cap
- Continued retail sales decline from battery safety concerns
- Margin compression from wholesale mix shift
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-prn-302833586 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 11, 2026 6w ago | 8-K | $1.83 $1.47 | ▼ −19.67% | ▼ −19.78% | $1.84 (+0.55%) |
Sep 1, 2026 7w ago | Press Release | $2.40 $1.81 | ▲ +24.58% | ▲ +23.63% | $1.84 (+23.33%) |
Jul 29, 2026 12w ago | 8-K | $1.63 $1.72 | ▲ +5.52% | ▲ +1.90% | $1.84 (+12.88%) |
Jul 23, 2026 13w ago | Press Release | $1.84 $1.63 | ▲ +11.41% | ▲ +11.79% | $1.84 (−0.00%) |
Apr 27, 2026 26w ago | 8-K | $1.96 $1.99 | ▲ +1.28% | ▼ −0.42% | $1.84 (−6.12%) |
Mar 5, 2026 33w ago | 8-K | $2.03 $1.94 | ▲ +4.39% | ▲ +2.86% | $1.84 (+9.31%) |
US Market Status
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