<div><div></div><div>Elite Express reported first-quarter fiscal 2026 revenue of $0.805 million, up 16.3% year-over-year, driven by higher activity-based volumes. The company posted a net loss of $0.110 million, with loss per common share of $(0.01), an improvement from $(0.02) a year earlier. Gross profit improved to $0.157 million (19.4% margin) while loss from operations was $(0.307) million as operating expenses rose. Financial Highlights <ul><li>Revenue: $0.805 million, a 16.3% increase versus prior year.</li><li>Gross Profit: $0.157 million (19.4% margin), improved from a $0.032 million loss a year ago.</li><li>Loss from Operations: $(0.307) million, essentially unchanged versus prior period (operating expenses rose 63.8%).</li><li>Net Loss: $(0.110) million, improved from $(0.205) million in the prior year, aided by interest income.</li><li>Loss per Common Share — Basic and Diluted: $(0.01), improved from $(0.02) prior year.</li></ul> Business Highlights <ul><li>Revenue Drivers: Growth was driven by higher activity-based volumes, notably in e-commerce deliveries.</li><li>Customer Concentration: 100% of revenue derived from FedEx under an ISP agreement; the contract was renewed on February 21, 2026 with higher weekly fees but some lower per-activity rates.</li><li>Operational Scale &amp; Productivity: Daily stops averaged 1,100–1,700 with peaks above 2,000; delivered about 14% more parcels in Q1 FY2026 with improved driver productivity and reduced labor intensity.</li><li>Fleet &amp; Cost Efficiency: Reduced maintenance and depreciation expenses versus prior year due to fleet reductions, repairs and partial integration of electric vehicles, contributing to improved gross margin.</li><li>Technology &amp; Staffing Investments: Continued investment in GroundCloud and advanced logistics technologies, along with increased G&amp;A to support listing efforts, staffing and planned expansion.</li></ul>Original SEC Filing: Elite Express Holding Inc. [ ETS ] - 10-Q - Apr. 13, 2026<section>Disclaimer<div>This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.</div></section></div></div>

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Elite Express reported Q1 FY2026 revenue of $0.805 million, a 16.3% increase year-over-year, with a net loss of $0.110 million and loss per share of $(0.01). Gross profit improved to $0.157 million (19.4% margin). The growth was driven by higher e-commerce delivery volumes, with 100% of revenue from FedEx. Operational efficiency improved with increased parcel deliveries and reduced costs. The company continues to invest in technology and staffing for expansion.

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Elite Express Q1 FY2026: Revenue $0.805M, EPS $(0.01)