secwatch.observer — SEC 8-K summary
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Issuer:     CHEETAH NET SUPPLY CHAIN SERVICE INC. (CTNT)
CIK:        0001951667
Form:       8-K
Filed at:   2023-09-05T23:59:59+00:00
Accession:  0001104659-23-098339
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1951667/000110465923098339/0001104659-23-098339-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1951667/000110465923098339/tm2325517d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-098339

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer