Elite Express Holding Inc. ETS
We are a holding company incorporated in Delaware. Through our wholly owned subsidiary, JAR Transportation Inc, a California-based operating entity, we specialize in last-mile delivery services within California. Our core business focuses on retrieving packages from distribution hubs and ensuring their prompt and secure delivery to recipients' doorsteps. Committed to innovation and efficiency, our mission is to optimize last-mile logistics by providing efficient, reliable, and innovative delivery solutions.
As of the date of this annual report, we employ approximately 26 full-time staff, including approximately 20 drivers. Our fleet consists of approximately 23 trucks and trailers. We provide exclusive pickup and delivery services within our designated service area, covering approximately 1,665.28 square miles. We utilize GroundCloud, a leading logistics software, during our course of business, for route optimization, driver management, and compliance monitoring. Additionally, we are actively expanding our investment in advanced technologies to enhance our scalability, automate our operations, and drive our data-driven decision-making. On an average day, we complete between 1,100 to 1,700 stops, facilitating the pickup and delivery of approximately 1,800 to 2,500 packages. During peak seasons, our daily stops rise to an estimated 2,000, allowing us to meet heightened demand with efficiency and reliability.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Revenue | $2.7M | — | — |
| Cost of revenue | $2.6M | — | — |
| Gross profit | $18.2K | — | — |
| R&D | $922.8K | — | — |
| SG&A | $1.6M | — | — |
| Total operating expenses | $2.5M | — | — |
| Operating income | -$2.5M | — | — |
| Pre-tax income | -$2.3M | — | — |
| Income tax | $105.1K | — | — |
| Net income | -$2.2M | — | — |
| EPS, basic | -0.16 | — | — |
| EPS, diluted | -0.16 | — | — |
| Shares, diluted (wtd. avg.) | $14.0M | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Cash and equivalents | $1.3M | $170.2K | $54.7K |
| Receivables | $72.6K | $56.5K | — |
| Total current assets | $12.4M | $339.9K | — |
| Property, plant and equipment | $167.0K | $279.8K | — |
| Goodwill | $668.9K | $668.9K | — |
| Other intangibles | $487.6K | $542.8K | — |
| Total assets | $13.7M | $1.8M | — |
| Accounts payable | $20.9K | $21.0K | — |
| Total current liabilities | $513.2K | $348.7K | — |
| Total liabilities | $513.2K | $455.4K | — |
| Retained earnings | -$2.5M | -$309.0K | — |
| Total equity | $13.2M | -$32.0K | $40.0K |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Operating cash flow | -$2.8M | — | — |
| Depreciation and amortisation | $199.1K | — | — |
| Capital expenditure | $86.3K | — | — |
| Investing cash flow | -$10.1M | — | — |
| Financing cash flow | $14.0M | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-029622.
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