AInvest Newsletter
Daily stocks & crypto headlines, free to your inbox
Elite Express Q3 revenue up 7.4% YoY, net loss decreases 142.9% YoY.
ByAinvest
Tuesday, Oct 14, 2025 6:13 am ET1min read
• 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].
Ainvest News articles are AI-generated using advanced large language model (LLM) technology designed to analyze and synthesize publicly available data and news. While AI tools assist in producing initial drafts and insights, all AI generated content published on Ainvest is subject to comprehensive human editorial review before publication. A designated human editor reviews, verifies, and approves each article for factual accuracy, coherence, and compliance with AInvest Fintech Inc’s editorial and disclosure standards.
Despite these review procedures, the information provided may still contain inaccuracies, incomplete data, or time sensitive references due to the inherent limitations of AI generated analysis and evolving changes. The material is provided strictly for informational and educational purposes and does not constitute personalized investment, legal, or financial advice. Readers should independently verify all facts, figures, and statements before making any decision based on this content.
AInvest Fintech Inc. its affiliates, and partners accept no liability or responsibility for any direct or consequential losses arising from reliance on this content. All articles and analyses are subject to revision, update, or removal without prior notice to maintain accuracy and integrity in our publications.
Comments
No comments yet