---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-116293"
form_type: "8-K"
ticker: "CTNT"
cik: "0001951667"
company_name: "CHEETAH NET SUPPLY CHAIN SERVICE INC."
filed_at: "2023-11-09T23:59:59+00:00"
generated_at: "2026-06-08T07:54:41.602535+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Cheetah Net Q3 net income drops to $0.1M from $1.2M YoY; revenue down 16%

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-23-116293
- form_type: 8-K
- ticker: CTNT
- cik: 0001951667
- company_name: CHEETAH NET SUPPLY CHAIN SERVICE INC.
- filed_at: 2023-11-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1951667/000110465923116293/0001104659-23-116293-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1951667/000110465923116293/tm2330343d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-116293
- JSON: https://secwatch.observer/filing/0001104659-23-116293.json
- Plain text: https://secwatch.observer/filing/0001104659-23-116293.txt

## Key facts
- Earnings Releases
  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
  source text: Revenue for the first nine months was $32.5 million compared with $45.5 million for the same period last year
  evidence_url: https://www.sec.gov/Archives/edgar/data/1951667/000110465923116293/0001104659-23-116293-index.htm
- Earnings Releases
  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
  source text: Revenue for the quarter was $10.0 million compared with $11.9 million for the same quarter last year
  evidence_url: https://www.sec.gov/Archives/edgar/data/1951667/000110465923116293/0001104659-23-116293-index.htm

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