quartr
FLYE: Net loss widened 75% on a 25% revenue drop, with severe liquidity and legal risks persisting
Net revenues fell 25% to $19.1M, with a 75% increase in net loss to $9.3M, driven by lower retail sales, store closures, and higher costs. The company faces substantial doubt about its ability to continue as a going concern, ongoing legal and regulatory challenges, and unresolved loan defaults.Orig…