CTNT

IRVINE, Calif., May 14, 2026 (GLOBE NEWSWIRE) -- Cheetah Net Supply Chain Service Inc. (“Cheetah” or the “Company”) (Nasdaq: CTNT), a logistics and warehousing services provider, today reported results for the quarter ended March 31, 2026 and provided a corporate update. For the quarter ended March 31, 2026, the Company reported revenue of $92,700 from its logistics and warehousing business, compared to $479,799 in the same period in 2025, representing a decrease of $387,099, or 80.7%. The Company recorded an operating loss of $764,319 for the quarter ended March 31, 2026, compared to an operating loss of $960,448 in the same period in 2025, representing a decrease of $196,129, or 20.4%. The decrease was primarily due to a decrease of $230,515 in selling, general and administrative expenses compared to the same period in 2025. The Company recognized other income of $152,454 for the quarter ended March 31, 2026, which primarily consisted of interest income of $151,142. After accounting for an income tax provision of $4,400, the Company reported a net loss from continuing operations of $616,265, compared to $753,909 to the same period in 2025, representing a loss decrease of $137,644, or 18.3%. Tony Liu, Cheetah’s Chairman and CEO commented: “During the first quarter of 2026, our logistics and warehousing business continued to face pressure uncertainty in global trade, which affected cross-border logistics demand and customer activity. In response, we remained focused on cost discipline, operational efficiency, and preserving financial flexibility, while continuing to evaluate ways to reposition the Company for long-term growth.” “During the quarter, we took important steps to strengthen our capital base and streamline our business structure. We completed a private placement financing transaction, which will help us fund certain future strategic initiatives. We will continue to streamline our logistics and warehousing business to better allocate resources toward higher-priority opportunities and enhance the Company’s overall operating structure.” “We also completed an ATM financing in April and entered into a Share Transfer Agreement to acquire 100% equity interest in a Hong Kong-based company that is engaged in the trading of large-scale industrial equipment and target to close the deal in May. We believe this acquisition will create international opportuniti...

IRVINE, Calif., March 20, 2026 (GLOBE NEWSWIRE) -- Cheetah Net Supply Chain Service Inc. (“Cheetah” or the “Company”) (Nasdaq CM: CTNT), a logistics and warehousing services provider, today reported results for the year ended December 31, 2025 and provided a corporate update. For the year ended December 31, 2025, the Company reported revenue of $1,288,536 from its logistics and warehousing business, compared to $455,805 in 2024, representing an increase of $832,731, or 182.7%. The Company recorded an operating loss of $4,579,576 for the year ended December 31, 2025, compared to an operating loss of $3,740,546 in 2024, representing an increase of $839,030, or 22.4%, primarily due to an impairment loss of $731,307 related to intangible assets and goodwill recorded during 2025. The Company recognized other income of $945,789 for the year ended December 31, 2025, which primarily consisted of interest income of $924,224. After accounting for an income tax provision of $15,916, the Company reported a net loss from continuing operations of $3,649,703, compared to $3,232,194 in 2024, representing an increase of $417,509, or 12.9%. Tony Liu, Cheetah’s Chairman and CEO commented: “Since we restructured our business into logistics and warehousing at the end of 2024, our operations have been shaped by a challenging environment of ongoing tariff tensions and uncertainty in global trade. These factors continued to affect cross-border logistics demand and customer activity throughout the year.” “Despite these challenges, we remained focused on strengthening our operational fundamentals. During 2025, we expanded our labor and logistics service operations, improved cost discipline, and optimized the use of proceeds from prior public offerings to generate stable interest income. These efforts helped us navigate a difficult market environment.” “As we move forward, we will remain focused on improving operational efficiency and maintaining financial discipline. At the same time, we will continue to evaluate strategic opportunities that may complement our existing logistics and warehousing capabilities, including potential partnerships, investments, or acquisitions that could support the Company’s long-term growth strategy.” 2025 Financial Results Continuing operations – logistics and warehousing business For the year ended December 31, 2025, the Company reported revenue of $1,2...

IRVINE, Calif., Nov. 07, 2025 (GLOBE NEWSWIRE) -- In a release issued under the same headline earlier today by Cheetah Net Supply Chain Service Inc. (Nasdaq CM: CTNT), please note that in the second paragraph, corrections have been made to operating loss, interest income and percentage figures. The corrected release follows: Cheetah Net Supply Chain Service Inc. (“Cheetah” or the “Company”) (Nasdaq CM: CTNT), a provider of warehousing and logistics services, today reported results for the quarter ended September 30, 2025. For the quarter ended September 30, 2025, the Company reported revenue of $361,935 from its logistics and warehousing business. The operating loss was $1,564,479, including impairment loss of $731,307 on intangible assets and goodwill. After accounting for interest income of $236,927, the Company reported a net loss of $1,314,650, representing a 27.6% decrease compared to the same period in 2024. Tony Liu, Cheetah’s Chairman and CEO commented, “During the third quarter, our business continued to face challenges from the ongoing tariff turmoil, which has persisted since March this year and further impacted cross-border logistics and warehousing activities. International freight and logistic demand has still being impacted by ongoing trade tensions and cautious consumer sentiment. Although we observed some early signs of stabilization in the second quarter, the overall recovery in logistics demand has been slower than expected. We expect our revenue from logistics and warehousing section to remain in pessimistic territory throughout the rest of year. In response, management remained proactive by expanding our labor and logistics service operations, optimizing the use of proceeds from prior public offerings to generate stable interest income, and strengthening cost control and operational efficiency. As market conditions remain uncertain, we are maintaining a disciplined and flexible approach to managing our operations. We will continue to monitor the business closely and stay proactive in managing our operations.” Third Quarter 2025 Financial Results Continued operations- logistics and warehousing business For the three months ended September 30, 2025, the Company reported revenue of $361,935 from logistics and warehousing services segment, including $41,935, or 11.6%, of its total revenue from Edward Transit Express Group Inc. (“Edward”), wh...

IRVINE, Calif., Nov. 07, 2025 (GLOBE NEWSWIRE) -- Cheetah Net Supply Chain Service Inc. (“Cheetah” or the “Company”) (Nasdaq CM: CTNT), a provider of warehousing and logistics services, today reported results for the quarter ended September 30, 2025. For the quarter ended September 30, 2025, the Company reported revenue of $361,935 from its logistics and warehousing business, representing a 491.3% increase compared to the same period in 2024. The operating loss was $1,314,650, including impairment loss of $731,307 on intangible assets and goodwill. After accounting for interest income of $269,927, the Company reported a net loss of $1,314,650, representing a 15.0% decrease compared to the same period in 2024. Tony Liu, Cheetah’s Chairman and CEO commented, “During the third quarter, our business continued to face challenges from the ongoing tariff turmoil, which has persisted since March this year and further impacted cross-border logistics and warehousing activities. International freight and logistic demand has still being impacted by ongoing trade tensions and cautious consumer sentiment. Although we observed some early signs of stabilization in the second quarter, the overall recovery in logistics demand has been slower than expected. We expect our revenue from logistics and warehousing section to remain in pessimistic territory throughout the rest of year. In response, management remained proactive by expanding our labor and logistics service operations, optimizing the use of proceeds from prior public offerings to generate stable interest income, and strengthening cost control and operational efficiency. As market conditions remain uncertain, we are maintaining a disciplined and flexible approach to managing our operations. We will continue to monitor the business closely and stay proactive in managing our operations.” Third Quarter 2025 Financial Results Continued operations- logistics and warehousing business For the three months ended September 30, 2025, the Company reported revenue of $361,935 from logistics and warehousing services segment, including $41,935, or 11.6%, of its total revenue from Edward Transit Express Group Inc. (“Edward”), which the Company acquired in February 2024, and $320,000, or 88.4%, of its total revenue from TW & EW Services Inc. (“TWEW”), which the Company acquired in December 2024. Revenue from Edward decreased by 31.5%...

IRVINE, Calif., Aug. 04, 2025 (GLOBE NEWSWIRE) -- IRVINE, August 4, 2025 (GLOBE NEWSWIRE) – Cheetah Net Supply Chain Service Inc. (“Cheetah” or the “Company”) (Nasdaq CM: CTNT), a provider of warehousing and logistics services, today reported results for the quarter ended June 30, 2025. For the quarter ended June 30, 2025, the Company reported revenue of $354,126 from its logistics and warehousing business, representing a 278.9% increase compared to the same period in 2024. The operating loss was $780,849. After accounting for interest income of $272,228, the Company reported a net loss of $512,528, representing a 6.8% decrease compared to the same period in 2024. Tony Liu, Cheetah’s Chairman and CEO commented, “We are reporting an improving result this quarter sequentially toward stabilization after our logistic and warehousing business got a hit by the tariff turmoil since March this year. In response, management has taken proactive measures to navigate the business by increasing labor and logistics service business and generating interest income from the proceeds of our public offerings closed in May and July last year, while aiming to lower cost for operational efficiency. “We will continue to focus on integrating the businesses of our two recently acquired companies to build a more resilient growth foundation in navigating trade policy pressure and uncertainties. We remain confident in our long-term growth strategy and will do our utmost to improve our performance and deliver shareholders’ values.” Second Quarter 2025 Financial Results Continued operations- logistics and warehousing business For the three months ended June 30, 2025, the Company reported revenue of $354,126 from its logistics and warehousing service segment, including $52,684, or 14.9%, of its total revenue following the acquisition of Edward Transit Express Group Inc. (“Edward”) in February 2024, and $301,442, or 85.1 % of its total revenue, following the acquisition of TW & EW Services Inc. (“TWEW”) in December 2024. Revenue from Edward decreased by 43.7%, primarily due to i) a temporary suspension in U.S.-China ocean freight activities in April 2025 after the U.S. government’s threat in late March 2025 to impose higher tariffs on goods imported from China, partially offset by ii) stabilized trade flow in May and June 2025 following the resumption of trade negotiations between the two...

Net loss: US$753.9k (loss widened by 24% from 1Q 2024). US$0.23 loss per share. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue exceeded analyst estimates. Earnings per share (EPS) missed analyst estimates by 9.5%. Looking ahead, revenue is expected to decline by 32% p.a. on average during the next 2 years, while revenues in the Retail Distributors industry in the US are expected to grow by 3.1%. Performance of the American Retail Distributors industry. The company's shares are down 12% from a week ago. You should learn about the 6 warning signs we've spotted with Cheetah Net Supply Chain Service (including 5 which are a bit concerning). Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

IRVINE, May 05, 2025 (GLOBE NEWSWIRE) -- Cheetah Net Supply Chain Service Inc. (“Cheetah” or the “Company”) (Nasdaq CM: CTNT), a provider of logistics and warehousing services, today reported results for the quarter ended March 31, 2025 and provided a corporate update. Recent Highlights Continuous challenging market conditions in the People’s Republic of China (the “PRC”) have resulted in an industry-wide slowdown of parallel-import vehicle sales, including price and volume drops in the luxury car models and the Company’s margin was significantly compressed or eliminated. The Company experienced significantly dropped sales volume in the parallel-import vehicle segment during the year ended December 31, 2024. On March 5, 2025, Company’s board of directors (the “Board”) approved the discontinuation of its parallel-import vehicle business. Tony Liu, Cheetah’s Chairman and CEO commented, “Our financial performance during the first quarter of 2025 reflected the consequences of our business strategic shift to logistics and warehousing under the significant challenging market conditions, such as the U.S. tariff policies on international trade and the increasing trade tensions between the U.S. and the PRC. By focusing on improving operational efficiencies and expanding service offerings, our newly acquired subsidiary, TW & EW Services Inc (“TWEW”), had higher revenues than the earlier acquired subsidiary, Edward Transit Express Group Inc. (“Edward”), reflecting our business transformation and strategic shift underway. Management will continue to take initiatives to seek out new business opportunities. We estimate it will take longer than expected to generate ideal profits but have confidence that we are positioning the Company for substantial future growth in this business.” First Quarter 2025 Financial Results Continuing operations- logistics and warehousing business For the three months ended March 31, 2025, the Company reported revenue of $479,799 from the logistics and warehousing services segment, including $62,515, or 13.0%, of its total revenue from Edward and $417,284, or 87.0%, of its total revenue from TWEW. Revenue from Edward decreased by 18.6%, primarily due to the decreased international trade flow resulting from the trade tensions between China and the U.S. The Company also reported cost of revenue of $423,543 for the three months ended March 31, 2025...

IRVINE, Calif., March 12, 2025 (GLOBE NEWSWIRE) -- Cheetah Net Supply Chain Service Inc. (“Cheetah” or the “Company”) (Nasdaq CM: CTNT), a logistics and warehousing services provider, today reported results for the year ended December 31, 2024 and provided a corporate update. Recent Highlights* Continuous challenging market conditions in the PRC have resulted in an industry-wide slowdown of parallel-import vehicle sales, including price and volume drops in the luxury car models and as a result the Company’s margin was significantly compressed or even eliminated. The Company experienced significantly lower sales volume and negative margin in the parallel-import vehicle segment during the year ended December 31, 2024. On March 5, 2025, the Company’s board of directors (the “Board”) approved the discontinuation of its parallel-import vehicle business. The Company’s sales from the discontinued operations declined by 95.7% to $1.6 million as compared to $38.3 million in 2023. Loss from discontinued operations (net of tax) was approximately $2.0 million in 2024, reflecting the financial impact of ceasing the parallel-import vehicle business, including a credit loss of $1.6 million on accounts receivable during the year ended December 31, 2024. The Company launched its logistics and warehousing business in February 2024 by acquiring Edward Transit Express Group, Inc. (“Edward”), a California-based common carrier specializing in ocean and air transportation for $1.5 million, including $0.3 million of cash and the issuance of 79,521 shares of the Company’s Class A common stock with a fair value of $1.2 million, which was further determined to be $0.9 million, reflecting a comprehensive evaluation of the stock’s market conditions and liquidity impacted by lock-up period restrictions. In July 2024, the Company relocated its headquarters from Charlotte, NC to Irvine, CA, in order to enable stronger management focus on its new logistics and warehousing business as Irvine is close to the important ports of Los Angeles and Long Beach, which could help the Company take advantage of the region’s well-developed logistics networks, capitalize on the area’s large consumer presence, and gain access to California’s skilled labor force. On July 26, 2024, the Company closed a public offering of 404,979 shares of its Class A common stock at an offering price of $3.68 per share, purs...