---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-117812"
form_type: "8-K"
ticker: "CTNT"
cik: "0001951667"
company_name: "CHEETAH NET SUPPLY CHAIN SERVICE INC."
filed_at: "2024-11-13T23:59:59+00:00"
generated_at: "2026-05-30T01:16:36.437921+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Cheetah Net Q3 revenue plummets 99% to $61K; net loss $1.8M vs prior-year profit

## Summary
- Q3 2024 revenue $61,208 (logistics/warehousing only), down 99.4% from $10.0M; no parallel-import vehicle revenue.
- Net loss of $1.8M in Q3 2024 vs net income of $0.1M in Q3 2023; nine-month net loss $3.0M vs profit $0.2M.
- Recorded $1.1M allowance for credit loss on aged AR from parallel-import vehicle business (accounts >210 days overdue).
- Completed 1-for-16 reverse stock split effective Oct 21, 2024; raised $1.1M net in July public offering at $3.68/share.
- Business pivoting from parallel-import vehicles to logistics/warehousing; HQ relocated from Charlotte, NC to Irvine, CA.

## SEC filing metadata
- accession: 0001104659-24-117812
- form_type: 8-K
- ticker: CTNT
- cik: 0001951667
- company_name: CHEETAH NET SUPPLY CHAIN SERVICE INC.
- filed_at: 2024-11-13T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1951667/000110465924117812/0001104659-24-117812-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1951667/000110465924117812/tm2428318d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-117812
- JSON: https://secwatch.observer/filing/0001104659-24-117812.json
- Plain text: https://secwatch.observer/filing/0001104659-24-117812.txt

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