Cheetah Net Q2 revenue plunges 98% to $0.3M; net loss of $0.6M vs prior-year profit

CHEETAH NET SUPPLY CHAIN SERVICE INC.

2024-Q2 EPS reported -$0.05 revenue$1,801,645

Revenue fell to $0.3M from $12.2M YoY; only 1 vehicle sold vs 93 in Q2 2023.
Parallel-import vehicle revenue dropped $12.0M (98.4%); cost of revenue was 107.8% of revenue.
Net loss of $0.6M vs net income of $0.2M in Q2 2023; six-month net loss $1.2M.
Logistics and warehousing revenue $0.1M (31.8% of total); over $70k from non-vehicle clients.
Planned HQ move from Charlotte, NC to Irvine, CA to focus on logistics near LA/Long Beach ports.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.