earnings
confidence high
sentiment negative
materiality 0.75
Elite Express Q2 revenue up 15% but net loss surges to $2.5M from $108K
Elite Express Holding Inc.
2026-Q2 EPS reported
-$0.16
revenue$1,532,127
- Revenue $726,829 (+15.3% YoY); gross margin improved to 11.1% from 2.9%.
- Net loss of $2,532,942 vs $107,604 loss in prior year, driven by $564K G&A increase.
- G&A expenses rose 398% to $706,072 due to public-company costs, franchise tax, and payroll.
- Interest income of $224,606 from loans receivable; loans extended to Nov 2026 at 5%.
- CEO cites R&D investments for long-term strategy as reason for GAAP net loss.