EZGO Technologies Ltd.
Severe listing-compliance risk
The share price is below $1 and the stored reverse-split/listing-risk level is HIGH. No verified reverse-split authorization or announced reverse split is currently recorded. This is a risk signal, not confirmation that Nasdaq has issued a deficiency notice.
EZGO · Price history
Price at last available close
$0.77
−$0.15 (-16.28%) 1M
2026-10-28
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Company & revenue
About EZGO Technologies Ltd.
Primary reporting period: 2025-09-30 · Research updated Oct 13, 2026. A research update is not a new financial filing.
Who they are
EZGO Technologies Ltd., together with its subsidiaries, designs, manufactures, rents, and sells e-bicycles and e-tricycles in the People's Republic of China. It operates in three segments: Sales of Battery Cells and Packs; Sales of Electronic Control System; and Others. The company rents and sells lithium batteries under the Hengmao brand; sells, franchises, and operates smart charging piles for e-bicycles and other electronic devices; and distributes and trades battery cells and packs.
How they make money
EZGO Technologies Ltd. operates as a holding company that generates revenue primarily through the design, manufacturing, and sale of lithium battery packs and electronic control systems for short-distance mobility. The company also engages in the resale of machinery and provides maintenance services, utilizing a business model that integrates OEM manufacturing, B2B sales, and online/offline retail channels within the Chinese market.
Products & services
Lithium battery cells and packs, electronic control systems, intelligent robots, and machinery maintenance services.
Brands & revenue mix
No separate brand or brand-level revenue disclosure was confirmed in the reviewed sources. This does not mean the company has no brands.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Customer concentration
The company historically relies on a limited number of customers for a significant portion of its revenue, which is disclosed in the risk factors of the 2025 annual report.
Suppliers, materials & equipment
- Lithium battery cell manufacturers — Suppliers of lithium battery cells used in the assembly of battery packs; specific supplier names are not disclosed.Source
Competitors
- Electric bicycle and battery manufacturers in China — Various domestic manufacturers competing in the highly fragmented short-distance mobility and lithium battery market.Source
Strengths
- Integrated IoT product and service platformSource
Sources
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
28
Poor
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
46
Weak
Financial Strength
34
Business Quality / Moat
100
Management
0
Growth Quality
73
Risk / Durability
0
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Model Outlook
12-month model · What does the model think happens next?
Outperformance analysis is not currently available.
Reverse-split / listing-compliance risk: HIGH
This is a risk signal, not a prediction. It is separate from Wall Street Score and does not change the company score. It looks for listing-pressure signals such as prolonged Nasdaq trading below $1, very low share price, micro-cap size, negative free cash flow, and verified recent reverse splits.
Risk indicator: 70/100
WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
A current Opportunity Score is not available.
The 12-month model outlook is not currently available.
No strong positive signal is being highlighted from the currently available summary data.
- •Elevated debt risk
- •Valuation is a weaker part of the current profile
Company-specific research
Questions worth answering for EZGO
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •Can EZGO maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
- •How long can EZGO fund negative free cash flow using its current cash position before it may need more debt or new shares?
- •Is EZGO's debt load manageable relative to cash generation, interest costs and upcoming maturities?
- •What specifically needs to improve for EZGO to reach sustainable profitability?
- •What future growth or profitability would be needed to justify EZGO's current valuation?
Essential Investment Snapshot
Wall Street Score
28
Market Cap
$178K
P/E Ratio
-0.0
EPS
$-929.55
52-Week High
$1098.75
52-Week Low
$0.74
Beta
1.64
Shares Outstanding
226K
Total Revenue
$38.3M
Total Debt
$11.2M
Dividend
No current dividend
Liquidation Value / Share
$272.35
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Strong downward momentum
Normal movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for EZGO
Detected from reported data — verify before acting.Elevated debt risk
Interest coverage is below 2x • Free cash flow is negative • Cash covers less than 20% of total debt
Community Sentiment
0 active · 0 total callsNo personal call yet on EZGO.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Integrated IoT product and service platform.
Potential downside factors
- −Debt risk (elevated): Interest coverage is below 2x.
- −Free cash flow is negative.
- −Cash covers less than 20% of total debt.
- −Concentration of customers and reliance on third-party suppliers.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
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Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
6 historical score records availablePrevious Score
28
Sep 24, 2026
Change
Unchanged
Current Score
28
Oct 1, 2026
Category Changes
EZGO score was unchanged.
Projected Score
Projected Score
31
Projected Change
+2.4 points
Preliminary comparable-period financial changes suggest improvement of approximately 2.4 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
Valuation unavailableCurrent Price
$0.77
Model Intrinsic Value
—
Difference
—
Margin of Safety
—
Intrinsic value is not currently available for this stock, so valuation can't be calculated.
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $38.3M | $20.5M | $18.2M | $9.2M | ···· | ···· | ···· | ···· | ···· |
| Cost of Revenue | $35.5M | $19.2M | $16.5M | $8.1M | ···· | ···· | ···· | ···· | ···· |
| Gross Profit | $2.8M | $1.3M | $1.7M | $1.0M | ···· | ···· | ···· | ···· | ···· |
| Research & Development | $1.6M | $954K | $888K | $613K | ···· | ···· | ···· | ···· | ···· |
| SG&A Expenses | $6.9M | $2.3M | $3.1M | $3.6M | ···· | ···· | ···· | ···· | ···· |
| Operating Expenses | $8.4M | $3.3M | $4.0M | $4.2M | ···· | ···· | ···· | ···· | ···· |
| EBITDA | -$13.5M | -$7.6M | -$5.9M | -$3.4M | ···· | ···· | ···· | ···· | ···· |
| Operating Income | -$5.6M | -$2.0M | -$2.3M | -$3.2M | ···· | ···· | ···· | ···· | ···· |
| Interest Expense | $310K | $131K | $83K | $18K | ···· | ···· | ···· | ···· | ···· |
| Income Before Tax | -$15.6M | -$8.4M | -$6.6M | -$3.9M | ···· | ···· | ···· | ···· | ···· |
| Income Tax Expense | $354K | $1.0M | -$786K | -$62K | ···· | ···· | ···· | ···· | ···· |
| Net Income | -$15.5M | -$8.7M | -$7.3M | -$6.8M | ···· | ···· | ···· | ···· | ···· |
| Basic EPS | $-929.55 | $-960.04 | $-70.00 | $-147.75 | ···· | ···· | ···· | ···· | ···· |
| Basic Shares | 68.1K | 9.1K | 104K | 45.9K | ···· | ···· | ···· | ···· | ···· |
| Diluted Shares | 68.1K | 9.1K | 104K | 45.9K | ···· | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$6.4M
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
-$52.98
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
-1.6%
Cash Change
+117.9%
Margin Change
-39.4 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
- Cash position grew
- Debt reduced
What Weakened
- Margins contracted
Potential Score Impact
Positive indicators included EPS growth, cash levels, debt levels. Pressure indicators included revenue growth, net income margin. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue declined 3.1%. EPS increased 360.7%. Cash increased 117.9%. Total debt declined 1.6%. Net income margin declined by 39.4 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
Smart Money
Number of Gurus
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Dividend data is not available yet. Missing data does not mean this company pays no dividend.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
6 historical recordsHistorical Score Chart
3 of 6 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
Related Companies
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Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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