1. Fly-E announced a significant 32% decline in Q1 revenues. 2. Lithium-battery accidents led to decreased sales of E-Bikes and E-Scooters. 3. Due to these issues, Fly-E's stock plummeted 87.1% on August 15, 2025. 4. The company is now facing a federal securities law investigation. 5. Investors are encouraged to pursue claims for potential losses.
The significant revenue decline and stock price drop indicate severe investor losses, similar to historical collapses like Lehman Brothers.
The company's current struggles and legal issues directly impact FLYE's future viability and stock price.
Immediate negative reactions from investors can drive the stock down further in the short term.
Law Offices of Howard G. Smith announces an investigation on behalf of Fly-E Group ("Fly-E" or the "Company") (NASDAQ: FLYE) investors concerning the Company's possible violations of federal securities laws.
IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN FLY-E (FLYE), CONTACT THE LAW OFFICES OF HOWARD G. SMITH ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS.
Contact the Law Offices of Howard G. Smith to discuss your legal rights by email at howardsmith@howardsmithlaw.com, by telephone at (215) 638-4847 or visit our website at www.howardsmithlaw.com.
What Happened?
On August 14, 2025, Fly-E filed a Notification of inability to timely file Form 10-Q for the first quarter of fiscal year 2026, revealing a 32% year-over-year decline in net revenues, primarily driven by decreased unit sales following multiple lithium-battery accidents involving its E-Bikes and E-Scooters. The Company further warned that these incidents, along with retail store closures, would continue to weigh on future revenue.
On this news, Fly-E's stock price fell $6.76, or 87.1%, to close at $1.00 per share on August 15, 2025, thereby injuring investors.
Contact Us To Participate or Learn More:
If you purchased Fly-E securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:
Law Offices of Howard G. Smith,
3070 Bristol Pike, Suite 112,
Bensalem, Pennsylvania 19020,
Telephone: (215) 638-4847
Email: howardsmith@howardsmithlaw.com
Visit our website at: www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250909980425/en/
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com