Elite Express Holding Inc. Announces Third Quarter 2025 Results

Core Insights - Elite Express Holding Inc. reported a revenue of $633,865 for the quarter ended August 31, 2025, marking a 7.4% increase compared to the same period in 2024 [2][5] - The company experienced a net loss of $185,881 for the quarter, which is a 142.9% increase in losses compared to a net loss of $76,526 in the same quarter of 2024 [2][9] - The CEO highlighted the achievement of the first quarterly gross profit of $6,817, indicating operational strength and efficiency [3][7] Financial Performance - Revenue for the three months ended August 31, 2025, was $633,865, up by $43,490 from $590,375 in the same period of 2024, driven by a focus on operational throughput under the FedEx ISP structure [5] - Activity-based revenue constituted 75.4% of total revenue, increasing from 70.2% in the previous year, while fixed revenue decreased by 11.5% due to a reduction in baseline weekly compensation [5] - Cost of revenue slightly increased to $627,048 from $620,164, primarily due to higher labor costs, offset by lower fuel prices [6] Operational Insights - General and administrative expenses surged by 285.9% to $151,600, largely due to legal and accounting fees related to compliance and governance as a newly public company [8] - The company is focused on expanding its fleet and leveraging technology to scale operations while diversifying its customer base beyond FedEx [4] Year-to-Date Performance - For the nine months ended August 31, 2025, total revenue reached $1,956,258, reflecting a 7.8% increase from $1,814,315 in the same period of 2024, driven by higher volume-based activity revenue [10] - Total cost of revenues increased to $1,963,846 from $1,828,794, primarily due to higher labor and service costs [11] - The net loss for the nine months was $498,484, compared to a net loss of $144,521 for the same period in 2024 [13]