8-K
filed November 9, 2023, 6:59 PM ET
ticker CTNT
CIK 0001951667
earnings
confidence high
sentiment negative
materiality 0.60
Cheetah Net Q3 net income drops to $0.1M from $1.2M YoY; revenue down 16%
CHEETAH NET SUPPLY CHAIN SERVICE INC.
2023-Q3 EPS reported
$0.01
revenue$32,475,714
- Q3 revenue $10.0M (down 16% YoY from $11.9M); net income $0.1M ($0.01 EPS) vs $1.2M ($0.07 EPS) YoY.
- Gross profit $1.2M (margin 11.6%, down from 13.0%); vehicles sold 79 vs 90 YoY.
- Completed IPO: sold 1.25M shares, raised $5.0M gross; stock listed on Nasdaq under CTNT.
- Plans to acquire U.S. logistics/warehousing providers to reduce transaction costs and offer services to third-party importers.
- Positive cash flow from operations $2.9M; cash balance $0.7M at quarter end.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
CHEETAH NET SUPPLY CHAIN SERVICE INC. reported Nine Months 2023 results: revenue $32.5 million, net income $0.2 million, EPS $0.01 per share.
- Period
- Nine Months 2023
- Revenue
- $32.5 million
- Net income
- $0.2 million
- EPS
- $0.01 per share
- Result
- reported results
Exact text from the filing
Revenue for the first nine months was $32.5 million compared with $45.5 million for the same period last year
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
CHEETAH NET SUPPLY CHAIN SERVICE INC. reported Third Quarter 2023 results: revenue $10.0 million, net income $0.1 million, EPS $0.01 per share.
- Period
- Third Quarter 2023
- Revenue
- $10.0 million
- Net income
- $0.1 million
- EPS
- $0.01 per share
- Result
- reported results
Exact text from the filing
Revenue for the quarter was $10.0 million compared with $11.9 million for the same quarter last year
View on SEC.gov
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