Elite Express Holding Inc. — Form 8-K

Elite Express reported Q2 2026 revenue of $726,829 (+15.3% YoY) with improved gross margin to 11.1% from 2.9%. However, the company posted a net loss of $2,532,942 (vs. $107,604 loss in Q2 2025)—a 2,254% deterioration—driven by $2,150,000 in R&D expenses and G&A expenses that surged 398% to $706,072, primarily due to public-company compliance costs ($115,312 audit/regulatory fees, $196,697 payroll for governance/controls, $200,000 franchise tax increase). The company also earned $216,101 in interest income from a $9.65M loans-receivable portfolio (originated from IPO proceeds), with the remaining balance extended six months at 5% (maturing November 30, 2026). Cash position improved to $5.24M from $1.31M (partly from $7.93M financing activities).