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Cheetah Net Supply Chain Service Inc. reports recurring developments tied to its logistics and warehousing services business, including operating results, corporate updates, material agreements, and capital-structure actions. The company has shifted its public updates toward logistics services in California, including activity from acquired service businesses such as TWEW, which provides general labor support and logistics coordination.
Company news also documents the completed discontinuation of Cheetah Net's former parallel-import vehicle business, a segment historically linked to vehicles sourced in the United States for sale in the PRC market. Recurring disclosures address revenue mix, operating losses, impairment charges, trade-flow effects, and efforts to improve operating efficiency within the logistics and warehousing business.
Cheetah Net Supply Chain Service (CTNT) agreed to acquire 100% of the membership interests of JoyPak Supply LLC for an aggregate cash purchase price of $788,000, under a Membership Interest Purchase Agreement announced on September 15, 2026.
JoyPak is a Nevada company focused on the sale of consumer, beauty, personal care and other everyday-use products. The closing of the acquisition is expected within four weeks of the Agreement’s execution, subject to completion of Cheetah’s due diligence review and other customary closing conditions. After completion, JoyPak will operate as a wholly owned subsidiary of Cheetah.
The company believes this acquisition will diversify its product mix and allow entry into consumer, beauty, personal care and other everyday-use product categories, and it states that the transaction is expected to support broader business diversification efforts and its long-term growth strategy.
Cheetah Net Supply Chain Service (Nasdaq: CTNT) reported second quarter 2026 revenue of $868,909, up 145.4% from $354,126 a year earlier, driven entirely by its new international trading segment following the May 27, 2026 acquisition of Super International Trading. The logistics and warehousing segment generated no Q2 2026 revenue after the disposal of Edward Transit Express Group.
The company posted a Q2 2026 operating loss of $881,797 but recorded other income of $954,052, mainly from foreign exchange gains, leading to net income from continuing operations of $71,045 versus a $512,528 loss in Q2 2025. For the first six months of 2026, Cheetah recorded a net loss from continuing operations of $545,220, improved from a $1,266,437 loss in 2025.
Management highlighted ongoing business reshaping, including disposal of Edward and cost controls, alongside going concern risks due to continued operating losses and negative operating cash flow. As of June 30, 2026, Cheetah reported cash of $2.1 million, working capital of $74.1 million, total assets of $82.5 million, and total liabilities of $2.2 million.
Cheetah Net (Nasdaq: CTNT) reported Q1 2026 logistics and warehousing revenue of $92,700, down 80.7% from $479,799 a year earlier. Operating loss was $764,319 and net loss from continuing operations was $616,265, both narrower year over year as general and administrative expenses fell 23.0% to $770,004.
The company recorded other income of $152,454, mainly interest income. Cheetah flagged substantial doubts about its ability to continue as a going concern after a ~$0.6 million operating loss and ~$2.5 million operating cash outflow, despite $0.7 million cash, $7.1 million working capital, and $4.4 million loans receivable.
Cheetah completed a private placement in Q1 and an ATM financing in April 2026. It also agreed to acquire 100% of a Hong Kong industrial equipment trading company, targeting closing in May, which management believes can support its long-term growth strategy.
Cheetah Net Supply Chain Service (Nasdaq: CTNT) entered a Share Transfer Agreement to acquire 100% of Super International Trading Limited for approximately $4.98 million in cash.
Closing is expected within three months, subject to customary conditions. The seller agreed to a post-closing performance covenant requiring Super International to deliver at least $10 million in annual revenue for three years, with cash compensation for any shortfall; the company will pay additional consideration for revenue above that threshold over five years.
Cheetah Net Supply Chain Service (Nasdaq: CTNT) reported full‑year 2025 results on March 20, 2026: revenue $1.289M (up 182.7% vs 2024) and a net loss from continuing operations $3.65M. The company recorded a $731,307 impairment and posted $924,224 interest income in 2025.
Cash and working capital remained limited: cash $0.2M, working capital $7.7M, and loan receivables of $7.4M which management says support liquidity for at least 12 months.
Cheetah Net Supply Chain Service (Nasdaq: CTNT) issued corrected Q3 2025 results for the quarter ended September 30, 2025. The company reported Q3 revenue $361,935, an operating loss $1,564,479 (includes $731,307 impairment), and net loss $1,314,650 after $236,927 interest income, a 27.6% decrease vs prior year period. Nine-month 2025 revenue was $1,195,860 with a nine-month net loss of $2,581,087. Interest income rose materially from public-offering proceeds (nine-month interest income $725,094). As of September 30, 2025, current assets were $9.7M and cash was $0.2M; management expects existing measures to provide liquidity for at least 12 months.
Cheetah Net Supply Chain Service (Nasdaq: CTNT) reported third quarter 2025 results for the period ended September 30, 2025. Q3 revenue from logistics and warehousing was $361,935, a 491.3% increase year-over-year. The company recorded an operating loss of $1,314,650, which includes an $731,307 impairment on intangible assets and goodwill. Q3 net loss was $1,314,650. Interest income increased materially, supporting cash flows from proceeds of prior public offerings. As of September 30, 2025, current assets totaled $9.7 million with cash of $0.2 million, and total stockholders’ equity was $10.1 million. Management expects existing measures to provide liquidity for at least 12 months.
Cheetah Net Supply Chain Service (NASDAQ:CTNT) reported Q2 2025 results, with revenue increasing 278.9% to $354,126 compared to Q2 2024. Despite revenue growth, the company posted a net loss of $512,528, representing a 6.8% improvement from the previous year.
The company's performance was impacted by U.S.-China trade tensions, with a temporary suspension in ocean freight activities in April 2025. Revenue included contributions from two acquisitions: Edward Transit Express Group (14.9%) and TW & EW Services (85.1%). Interest income significantly increased to $272,228, up 863.9% year-over-year, primarily from proceeds of 2024 public offerings.
As of June 30, 2025, Cheetah maintained $9.9 million in current assets, including $8.7 million in loan receivables, with total stockholders' equity of $11.4 million.
Cheetah Net Supply Chain Service Inc. (NASDAQ: CTNT) reported its Q1 2025 financial results, marking a significant strategic shift from parallel-import vehicles to logistics and warehousing services. The company reported revenue of $479,799 from its logistics segment, with 87% coming from subsidiary TWEW and 13% from Edward. The company posted a net loss of $753,909 for Q1 2025, compared to a net loss of $608,930 in Q1 2024.
The company's board approved the discontinuation of its parallel-import vehicle business on March 5, 2025, due to challenging market conditions in China. As of March 31, 2025, Cheetah had current assets of $10.2 million, including $0.3 million in cash and $9.1 million in loan receivables, with total stockholders' equity of $11.9 million.
Cheetah Net Supply Chain Service (NASDAQ: CTNT) reported significant challenges in 2024, with a total net loss of $5.2 million compared to a net income of $0.1 million in 2023. The company discontinued its parallel-import vehicle business due to challenging market conditions, resulting in a 95.7% decline in sales to $1.6 million from $38.3 million in 2023.
The company strategically shifted focus to logistics and warehousing services, acquiring Edward Transit Express Group for $1.5 million in February 2024 and TWEW for $1.0 million in December 2024. The new logistics operations generated revenues of $455,805 with a gross profit of $178,512.
Key corporate actions included relocating headquarters to Irvine, CA, completing a public offering raising $1.1 million, implementing a 1-for-16 reverse stock split, and adopting a new stock incentive plan. As of December 31, 2024, Cheetah had current assets of $11.0 million, including $1.7 million in cash and $6.1 million in short-term loan receivables, with total stockholders' equity of $12.6 million.