Elite Express revenue rises 20.9% to $766,422, but net loss widens to $760,138
Elite Express Holding Inc. (ETS) reported results for the quarter ended August 31, 2026, with revenue up 20.9% and gross profit rising to $95,759 from $6,817. Net loss widened to $760,138 from $185,881 a year earlier, mainly because general and administrative expenses rose $865,424 to $1,017,024. For shareholders, the top-line and gross profit gains were offset by a larger loss driven by higher overhead.
Key points
- Revenue was $766,422 for the quarter, up 20.9% from $633,865 a year earlier.
- Gross profit was $95,759, up from $6,817, with gross margin at 12.5% versus 1.1%.
- General and administrative expenses rose to $1,017,024, including $586,252 in higher payroll and $137,337 in higher professional fees.
- Net loss was $760,138, or $0.02 per share, compared with a net loss of $185,881, or $0.01 per share, a year earlier.
The filing
Written by AI on Nov 9, 2026, 11:46 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 14, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.