Cheetah Net Q1 revenue down 81% to $92,700; net loss $616K; going concern doubt

CHEETAH NET SUPPLY CHAIN SERVICE INC.

2026-Q1 EPS reported -$4.53 revenue$92,700

Revenue from logistics/warehousing fell 80.7% YoY to $92,700; operating loss $764,319 vs $960,448 YoY.
Net loss from continuing ops $616,265 (improved from $753,909 YoY) on SG&A cost cuts.
Cash & equivalents $0.7M, working capital $7.1M; company notes substantial doubt about going concern.
Entered agreement to acquire 100% of a Hong Kong industrial-equipment trading company; expects May close.
Completed private placement and ATM financing in April to fund strategic initiatives.

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