Elite Express Q3 revenue up 7.4% YoY, net loss decreases 142.9% YoY.
PorAinvest
martes, 14 de octubre de 2025, 6:13 am ET1 min de lectura
ETS--
Despite the revenue growth, ETS reported a net loss of $185,881, a 142.9% decrease compared to the same period in 2024. The decrease in net loss was primarily due to higher compliance and governance expenses, which increased by 285.9% to $151,600. These expenses were necessary for building a strong foundation as a newly public company [1].
CEO Yidan Chen commented on the results, highlighting the company's focus on operational efficiency and its first quarterly gross profit of $6,817. Chen also mentioned plans to expand the fleet, leverage technology to scale operations, and diversify beyond its sole customer, FedEx, to capture new growth opportunities [1].
The company's cost of revenue increased by $6,864 to $627,048, primarily due to higher labor costs. General and administrative expenses also increased significantly, rising by $112,320 to $151,600. These increases were mainly due to legal and accounting fees and payroll expenses associated with personnel supporting corporate governance and administrative operations [1].
For the nine months ended August 31, 2025, ETS reported revenue of $1,956,258, an increase of 7.8% compared to the same period in 2024. The company's net loss for the period was $498,484, a decrease of 209.5% compared to the same period in 2024 [1].
The company's forward-looking statements highlight the potential risks and uncertainties, including those related to the adequacy of capital, the ability to achieve future growth plans, and the impact of regulatory compliance [1].
• Elite Express Holding Inc. reports Q3 revenue of $633,865, a 7.4% YoY increase. • Net loss decreases 142.9% to $185,881. • CEO Yidan Chen highlights revenue growth and first quarterly gross profit. • Company incurred higher compliance and governance expenses. • Operations and efficiency drive revenue growth. • Digital data not mentioned in the article.
Elite Express Holding Inc. (ETS) has reported its third-quarter financial results for the period ended August 31, 2025. The company, which provides last-mile delivery services, saw a 7.4% year-over-year (YoY) increase in revenue, reaching $633,865. This growth was driven by operational efficiency and increased activity-based revenue, particularly from e-commerce deliveries [1].Despite the revenue growth, ETS reported a net loss of $185,881, a 142.9% decrease compared to the same period in 2024. The decrease in net loss was primarily due to higher compliance and governance expenses, which increased by 285.9% to $151,600. These expenses were necessary for building a strong foundation as a newly public company [1].
CEO Yidan Chen commented on the results, highlighting the company's focus on operational efficiency and its first quarterly gross profit of $6,817. Chen also mentioned plans to expand the fleet, leverage technology to scale operations, and diversify beyond its sole customer, FedEx, to capture new growth opportunities [1].
The company's cost of revenue increased by $6,864 to $627,048, primarily due to higher labor costs. General and administrative expenses also increased significantly, rising by $112,320 to $151,600. These increases were mainly due to legal and accounting fees and payroll expenses associated with personnel supporting corporate governance and administrative operations [1].
For the nine months ended August 31, 2025, ETS reported revenue of $1,956,258, an increase of 7.8% compared to the same period in 2024. The company's net loss for the period was $498,484, a decrease of 209.5% compared to the same period in 2024 [1].
The company's forward-looking statements highlight the potential risks and uncertainties, including those related to the adequacy of capital, the ability to achieve future growth plans, and the impact of regulatory compliance [1].
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