{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-060240","form_type":"8-K","ticker":"CTNT","cik":"0001951667","company_name":"CHEETAH NET SUPPLY CHAIN SERVICE INC.","filed_at":"2024-05-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.294725+00:00","generated_at":"2026-06-02T02:50:22.885057+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Cheetah Net Q1 revenue plunges 86% to $1.4M; net loss widens to $0.6M","bullets":["Vehicle sales fell to 13 units from 82 YoY; revenue dropped 86% to $1.4M from $10.2M.","Net loss of $0.6M vs $0.1M loss in Q1 2023; operating loss of $0.8M vs income of $0.3M.","Gross margin on vehicles turned negative (cost 100.6% of revenue); company paused procurement.","Acquired Edward Transit Express in Feb 2024 for $0.3M cash + 1.27M shares; generated $80k logistics revenue.","Cash $0.9M, working capital $6.3M; CEO cites continued poor PRC market conditions."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-060240","json":"https://secwatch.observer/filing/0001104659-24-060240.json","markdown":"https://secwatch.observer/filing/0001104659-24-060240.md","text":"https://secwatch.observer/filing/0001104659-24-060240.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1951667/000110465924060240/0001104659-24-060240-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1951667/000110465924060240/tm2414166d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T02:50:22.885057+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"c94020bab5b61e0dc124de35cba06b7009223e1a","claim":"CHEETAH NET SUPPLY CHAIN SERVICE INC. reported for the quarter ended March 31, 2024 results: revenue $1.4 million, net income $0.6 million.","evidence_excerpt":"sold a total of 13 vehicles during the first quarter of 2024, compared with 82 vehicles in the first quarter of 2023. First quarter 2024 vehicle sales revenue amounted to $1.4 million compared with $10.2 million in the first quarter of 2023. The decline in revenue resulted in a net loss of $0.6 million during the quarter compared with a loss of $0.1 million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1951667/000110465924060240/0001104659-24-060240-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"for the quarter ended March 31, 2024"},{"label":"Revenue","value":"$1.4 million"},{"label":"Net income","value":"$0.6 million"},{"label":"Result","value":"reported results"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}