- Elite Express Holding Inc. reported **Q3 2025 revenue of $633,865**, representing a **7.4% increase** compared to the same period in 2024. The company also reported a **net loss of $185,881**, which is a **142.9% decrease** from the net loss of $76,526 in Q3 2024.  **[2053641_0001104659-25-098932_tm2528574d1_ex99-1.htm:0]** 
- For the three months ended August 31, 2025, the company recorded its **first quarterly gross profit of $6,817**, an improvement from a gross loss of $29,789 in the prior year period.  **[2053641_0001104659-25-098932_tm2528574d1_ex99-1.htm:0]** 
- **General and administrative expenses increased significantly by 285.9% to $151,600** in Q3 2025, primarily due to higher legal, accounting, and payroll expenses related to its recent public listing in August 2025.  **[2053641_0001104659-25-098932_tm2528574d1_ex99-1.htm:0]** 
- CEO Yidan Chen stated the company's focus on **expanding its fleet, leveraging technology to scale operations, and diversifying beyond its sole customer, FedEx**, to capture new growth opportunities.  **[2053641_0001104659-25-098932_tm2528574d1_ex99-1.htm:0]**

Elite Express Holding Inc. Announces Third Quarter 2025 Results

- **Elite Express Holding Inc. (ETS)** priced its initial public offering of **3,800,000 shares** of Class A common stock at **$4.00 per share** on **August 20, 2025**, generating gross proceeds of approximately **$15.2 million**.  **[2053641_0001104659-25-082012_tm2524233d1_ex99-1.htm:0]** **[2053641_0001104659-25-082012_tm2524233d1_ex10-1.htm:48]** 
- The offering **closed on August 22, 2025**, with net proceeds to the company of approximately **$13.7 million** after deducting underwriting discounts and offering expenses.  **[2053641_0001104659-25-082012_tm2524233d1_ex99-2.htm:0]** **[2053641_0001104659-25-082012_tm2524233d1_8k.htm:1]** 
- The shares began trading on The **Nasdaq Capital Market** under the ticker symbol **"ETS" on August 21, 2025**.  **[2053641_0001104659-25-082012_tm2524233d1_ex99-2.htm:0]** **[2053641_0001104659-25-082012_tm2524233d1_ex99-1.htm:0]** **[2053641_0001104659-25-082012_tm2524233d1_8k.htm:1]** 
- ETS granted the underwriters a 45-day option to purchase up to an additional **570,000 shares** of Class A common stock at the initial public offering price.  **[2053641_0001104659-25-082012_tm2524233d1_ex99-2.htm:0]** **[2053641_0001104659-25-082012_tm2524233d1_ex99-1.htm:0]** **[2053641_0001104659-25-082012_tm2524233d1_8k.htm:1]** **[2053641_0001104659-25-082012_tm2524233d1_ex10-1.htm:48]**

Elite Express Holding (ETS)