---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-088959"
form_type: "8-K"
ticker: "CTNT"
cik: "0001951667"
company_name: "CHEETAH NET SUPPLY CHAIN SERVICE INC."
filed_at: "2024-08-13T23:59:59+00:00"
generated_at: "2026-05-31T09:51:46.769852+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-24-088959
- form_type: 8-K
- ticker: CTNT
- cik: 0001951667
- company_name: CHEETAH NET SUPPLY CHAIN SERVICE INC.
- filed_at: 2024-08-13T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1951667/000110465924088959/0001104659-24-088959-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1951667/000110465924088959/tm2421542d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-088959
- JSON: https://secwatch.observer/filing/0001104659-24-088959.json
- Plain text: https://secwatch.observer/filing/0001104659-24-088959.txt

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