earnings
confidence high
sentiment negative
materiality 0.60
Elite Express Holding reports $2.7M revenue (up 9.1%) and net loss of $2.2M for FY2025
Elite Express Holding Inc.
- Revenue increased 9.1% to $2.7 million for fiscal year ended November 30, 2025, from $2.5 million in 2024.
- Net loss widened to $2.2 million from $0.4 million in the prior year, driven by higher G&A and new R&D investments.
- Gross profit was $18,211, slightly up from $15,897, driven by activity-based operations.
- General and administrative expenses rose 286.1% to $1.6 million due to public company compliance costs.
- Interest income of $191,475 was generated from $10.0 million in loans to unrelated third parties at 8% annual rate.