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EZGO

EZGO Technologies Ltd.

EZGO

EZGO Technologies Ltd. • NASDAQ
$2.33 ▲ 6.39% (+0.14)
Market Cap $482259
52w High $27.50
52w Low $1.43
Dividend Yield 0%
P/E 0
Volume 75.46K
Outstanding Shares 206.98K

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2025 $6.565M ▼ $1.707M ▼ $-1.136M ▲ -17.303% ▲ $-4.835 ▲ $-703.568K ▼
Q4-2024 $12.559M ▲ $1.954M ▼ $-3.232M ▲ -25.736% ▲ $-30.5 ▲ $-515.072K ▲
Q2-2024 $8.575M ▼ $3.773M ▲ $-4.053M ▼ -47.259% ▼ $-39.5 ▼ $-2.752M ▼
Q4-2023 $10.759M ▲ $3.263M ▲ $-1.989M ▲ -18.485% ▲ $-32 ▲ $-1.678M ▼
Q2-2023 $5.162M $2.669M $-4.794M -92.882% $-81.75 $-687.561K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2025 $372.562K ▼ $78.613M ▼ $21.274M ▼ $55.046M ▼
Q4-2024 $5.029M ▲ $85.36M ▲ $24.376M ▲ $58.567M ▼
Q2-2024 $2.156M ▼ $82.594M ▲ $19.94M ▲ $60.117M ▼
Q4-2023 $17.938M ▲ $81.908M ▲ $15.425M ▲ $63.392M ▲
Q2-2023 $3.008M $67.951M $15.003M $50.069M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $-1.136M ▲ $408.258K ▲ $-5.04M ▼ $-6.107M ▼ $-4.087M ▼ $-787.62K ▼
Q4-2024 $-3.232M ▲ $401.472K ▲ $-830.034K ▲ $4.109M ▼ $-657.319K ▲ $-380.588K ▲
Q2-2024 $-4.053M ▼ $-10.71M ▼ $-10.412M ▼ $4.523M ▼ $-8.298M ▼ $-14.052M ▼
Q4-2023 $-1.989M ▲ $-925.568K ▲ $-5.673M ▲ $22.567M ▲ $7.485M ▲ $-4.16M ▲
Q2-2023 $-4.794M $-8.187M $-8.295M $13.603M $-1.065M $-8.214M

Revenue by Products

Product Q1-2023
Manufactured Product Other
Manufactured Product Other
 $0 ▲

Five-Year Company Overview

Income Statement

Income Statement EZGO’s revenue base is very small and has not really grown over the past few years. The business has struggled to make a profit at any level, with operating and net losses showing up year after year. Margins look thin, suggesting the company has limited pricing power or high operating costs, or both. Taken together, the income statement tells the story of a company still searching for a sustainable, scalable business model rather than one that is already established and profitable.

Balance Sheet

Balance Sheet The balance sheet is light, with a small pool of assets and only a modest amount of equity. Cash on hand has moved down from earlier levels, which reduces the financial cushion. Debt is present but not overwhelming in size; the bigger issue is that the overall capital base is small, so there is less room to absorb ongoing losses or shocks. This combination points to a company that is financially fragile and likely reliant on careful cash management or access to new funding to support its strategy.

Cash Flow

Cash Flow EZGO has been consistently using, rather than generating, cash from its core operations. Free cash flow has stayed negative, even though the company is not spending heavily on new physical assets. That means the cash burn is mainly coming from the day‑to‑day running of the business rather than large one‑off investments. While the absolute levels are not huge, the pattern is persistent, which raises questions about how long current resources can support operations without external financing or a clear improvement in cash generation.

Competitive Edge

Competitive Edge Competitively, EZGO is in transition and does not yet appear to have a strong, defensible niche. The company effectively exited the e‑bike manufacturing arena after struggling in a crowded and price‑sensitive market. Its move into security patrol robots and related technology is an attempt to find higher‑value segments, but it is entering another area where competition is increasing and larger, better‑funded players are active. Regulatory notices from the stock exchange and a reverse split underline that the market currently views EZGO as a higher‑risk, turnaround‑type story rather than an established leader.

Innovation and R&D

Innovation and R&D EZGO has experimented with a range of products, from extended‑range scooters to high‑speed e‑motorcycles and now security robots with navigation, video, and recognition capabilities. The recent focus on security robotics and lithium battery‑related technology shows a tilt toward more specialized, tech‑driven offerings. However, there is limited evidence so far of unique, hard‑to‑copy technology or strong commercial traction. Future value from innovation will depend heavily on execution: turning prototypes and pilot contracts into repeat, scaled business, ideally supported by credible partnerships and clearer proof of technical differentiation.

Summary

Overall, EZGO looks like a very small, early‑stage company trying to reinvent itself after a difficult first act in e‑bikes. Financially, it has modest resources, ongoing losses, and recurring cash outflows, which makes its transformation more urgent and more fragile. Strategically, the pivot toward security robots and battery‑related services could open higher‑margin opportunities, but the company is moving into another competitive field where its long‑term edge is still uncertain. Anyone following EZGO’s story will likely focus on whether it can stabilize its finances, demonstrate real demand for its new products, and build partnerships or capabilities that turn its current transition into a more durable business model.

NEWS

November 19, 2025 · 7:00 AM UTC

EZGO Announces 1-for-25 Reverse Share Split Effective November 21, 2025

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