secwatch.observer — SEC 8-K summary
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Issuer:     CHEETAH NET SUPPLY CHAIN SERVICE INC. (CTNT)
CIK:        0001951667
Form:       8-K
Filed at:   2025-03-12T23:59:59+00:00
Accession:  0001104659-25-022985
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1951667/000110465925022985/0001104659-25-022985-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1951667/000110465925022985/tm258975d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-022985

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