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Fly-E reports Q2 revenue drop to $2.6M with $1.7M net loss amid retail downsizing and wholesale growth

Company Fundamentals
14 Nov 2026, 00:05 WIB
PRNewsWire
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Bearish
Fly-E reports Q2 revenue drop to $2.6M with $1.7M net loss amid retail downsizing and wholesale growth

Fly-E Group reported a 33.7% revenue decline to $2.6 million in Q2 FY2027, driven by a reduction in retail stores and sales volume. Despite a 21.4% increase in wholesale revenue, the company posted a net loss of $1.7 million, slightly improved from last year. The shift to lower-margin wholesale and promotional retail pricing pressured gross margins to 8.1%. Fly-E is focusing on cost control and strategic growth opportunities amid industry challenges including lithium-ion battery concerns.

Fly-E Group reported a 33.7% revenue decline in Q2 FY2027, providing context for readers interested in consumer cyclical stocks. For readers following the Consumer Cyclical sector, here is Pluang's market snapshot as of Nov 14, 2026 04:11 WIB: of 134 priced US stocks, 79 rose and 54 fell. Notable movers include NIO at USD 2.88 with a 1-day change of -5.41% and Pluang order activity showing 20% Sell / 80% Buy, Rivian Automotive at USD 12.13 down 5.23%, and Quantumscape at USD 3.68 down 5.15% with 0% Sell / 100% Buy order activity.

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