---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-098339"
form_type: "8-K"
ticker: "CTNT"
cik: "0001951667"
company_name: "CHEETAH NET SUPPLY CHAIN SERVICE INC."
filed_at: "2023-09-05T23:59:59+00:00"
generated_at: "2026-06-11T00:14:20.258417+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Cheetah Q2 revenue down 41% to $12.2M; gross margin expands to 10.3%

## Summary
- Revenue of $12.2M vs $20.8M YoY; vehicle sales fell to 93 from 175.
- Gross profit margin expanded 400 bps to 10.3%; average selling price rose 10.4% to $131,430.
- Net income of $0.1M ($0.01 EPS) vs $81,805 ($0.01 EPS) in Q2 2022.
- First-half 2023 revenue $22.4M, net income $47,812 vs net loss of $0.5M a year ago.
- Cash balance $0.6M; operating cash flow $4.1M in H1 2023 vs -$1.7M in H1 2022.

## SEC filing metadata
- accession: 0001104659-23-098339
- form_type: 8-K
- ticker: CTNT
- cik: 0001951667
- company_name: CHEETAH NET SUPPLY CHAIN SERVICE INC.
- filed_at: 2023-09-05T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1951667/000110465923098339/0001104659-23-098339-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1951667/000110465923098339/tm2325517d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-098339
- JSON: https://secwatch.observer/filing/0001104659-23-098339.json
- Plain text: https://secwatch.observer/filing/0001104659-23-098339.txt

## Key facts
- Earnings Releases
  CHEETAH NET SUPPLY CHAIN SERVICE INC. reported for the three and six months ended June 30, 2023 results: revenue $12.2 million, net income $0.1 million, or $0.01 per share, EPS $0.01 per share.
  - Period: for the three and six months ended June 30, 2023
  - Revenue: $12.2 million
  - Net income: $0.1 million, or $0.01 per share
  - EPS: $0.01 per share
  - Result: reported results
  source text: that ambition was the recent completion of our IPO. We’re just getting started and excited about the future.” Second Quarter 2023 Financial Results Revenue for the quarter was $12.2 million compared to $20.8 million for the second quarter last year, reflecting lower volume partially offset by a higher average selling price per vehicle. During the quarter, Cheetah
  evidence_url: https://www.sec.gov/Archives/edgar/data/1951667/000110465923098339/0001104659-23-098339-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.