Earnings summaries and quarterly performance for Elite Express Holding.
Research analysts covering Elite Express Holding.
Recent press releases and 8-K filings for ETS.
Elite Express Holding Inc. Announces Third Quarter 2025 Results
ETS
Earnings
Revenue Acceleration/Inflection
New Projects/Investments
- 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.
- 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.
- 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.
- 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.
Oct 14, 2025, 10:21 AM
Elite Express Holding Inc. Announces Initial Public Offering Pricing and Closing
ETS
Delisting/Listing Issues
- 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.
- 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.
- The shares began trading on The Nasdaq Capital Market under the ticker symbol "ETS" on August 21, 2025.
- 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.
Aug 25, 2025, 12:00 AM
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