Cheetah Net Supply Chain Service, Inc. Class A ( (CTNT) ) has released its Q1 earnings. Here is a breakdown of the information Cheetah Net Supply Chain Service, Inc. Class A presented to its investors.
Cheetah Net Supply Chain Service Inc., a logistics and warehousing service provider, operates primarily in the supply chain sector, focusing on enhancing operational efficiencies and expanding its service offerings.
In its first quarter of 2025 report, Cheetah Net Supply Chain Service Inc. announced a strategic shift away from its parallel-import vehicle business due to challenging market conditions in China, focusing instead on logistics and warehousing. The company reported a revenue of $479,799 from its continuing operations, with significant contributions from its subsidiaries.
Key financial highlights include a gross profit of $56,256, despite a net loss of $753,909 from continuing operations. The company’s general and administrative expenses increased by 30.3% to $1.0 million, attributed to personnel expansion and business development efforts. Interest income saw a substantial increase to $208,090, driven by short-term loan receivables and certificates of deposit.
The company is actively working on improving its liquidity through operational cash generation and potential equity financing. Management remains optimistic about positioning the company for substantial future growth, despite the current financial challenges.