Cheetah Net Supply Chain Service Inc. Announces Full Year 2024 Results and Provides Corporate Update
Company Performance Overview: Cheetah Net Supply Chain Service Inc. reported a total net loss of $5.2 million for the year ended December 31, 2024, primarily due to the discontinuation of its parallel-import vehicle business, which saw a dramatic sales decline of 95.7%. The company is shifting focus towards logistics and warehousing services after acquiring two companies in this sector.
Strategic Changes and Future Outlook: Following a challenging market environment, Cheetah relocated its headquarters to Irvine, CA, to enhance its logistics operations and has initiated a public offering to support its new business direction. Management aims to improve operational efficiencies and expand service offerings while seeking new business opportunities for future growth.
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CORRECTION – Cheetah Net Supply Chain Service Inc. Reports Third Quarter 2025 Financial Results
Financial Performance: Cheetah Net Supply Chain Service Inc. reported a revenue of $361,935 for Q3 2025, with a net loss of $1,314,650, reflecting a 27.6% decrease compared to the same period in 2024, primarily due to ongoing trade tensions affecting logistics demand.
Operational Challenges: The company faced challenges from tariff turmoil and reduced customer demand, particularly impacting its acquired businesses, Edward Transit Express Group and TW & EW Services, leading to a significant impairment loss of $731,307 on intangible assets.
Cost Management: General and administrative expenses decreased by 27.3% to $801,263, attributed to cost-saving measures, while interest income increased significantly by 176.7% to $244,776, driven by earnings from short-term loans and certificates of deposit.
Liquidity and Future Outlook: As of September 30, 2025, Cheetah had current assets of $9.7 million and is focusing on improving liquidity through operational cash flow and potential equity financing, while maintaining a cautious approach amid uncertain market conditions.
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