Cheetah Net posts $5.2M net loss for FY 2024; discontinues parallel-import vehicle business

CHEETAH NET SUPPLY CHAIN SERVICE INC.

Full-year 2024 total net loss of $5.2M vs net income of $0.1M in 2023.
Board approved discontinuation of parallel-import vehicle business; sales from discontinued ops fell 95.7% to $1.6M.
Continuing logistics business generated $455,805 in revenue; net loss from continuing ops $3.2M.
Acquired Edward Transit Express in Feb 2024 for $1.5M and TWEW in Dec 2024 for $1.0M.
Cash and equivalents $1.7M, total current assets $11.0M, working capital sufficient for 12 months.

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