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GlobeNewswire·

CORRECTION – Cheetah Net Supply Chain Service Inc. Announces Third Quarter 2025 Results

CTNT
  • Cheetah Net Supply Chain Service Inc. (Nasdaq CM: CTNT) reported a net loss of $1,314,650 for the quarter ended September 30, 2025, representing a 27.6% decrease compared to the same period in 2024.
  • Revenue from continuing logistics & warehousing operations totaled $361,935 for the quarter, with $41,935 (11.6%) from Edward Transit Express Group Inc. & $320,000 (88.4%) from TW & EW Services Inc.
  • Revenue from Edward decreased 31.5% year-over-year to $41,935 due to lingering impacts of U.S.-China trade tensions & reduced customer demand.
  • An impairment loss of $731,307 was recognized for the quarter regarding goodwill & intangible assets related to the Edward acquisition.
  • General & administrative expenses decreased 27.3% to $801,263, driven by staff optimization, reduced recruiting costs, & lower legal fees.
  • Interest income increased 176.7% to $244,776, primarily from short-term loan receivables & certificates of deposit funded by prior public offerings.
  • CEO Tony Liu stated that tariff turmoil & trade tensions continue to impact cross-border logistics, with revenue expected to remain pessimistic for the rest of 2025.
  • For the nine months ended September 30, 2025, total revenue was $1,195,860, while the net loss from continuing operations was $2,581,087.
  • Cost of revenue for the nine-month period increased 787.9% to $1,060,526, primarily due to contributions from the TWEW acquisition.
  • Interest income for the nine-month period rose 397.9% to $725,094, offsetting higher rental & lease expenses following the California headquarters relocation.
  • The parallel-import vehicle business is classified as discontinued operations, generating no revenue in the current quarter or nine-month period.
  • As of September 30, 2025, current assets totaled $9.7 million, including $0.2 million in cash & $8.3 million in loan receivables.
  • Total stockholders' equity decreased to $10.1 million from $12.6 million as of December 31, 2024.
  • Management projects sufficient liquidity to meet future requirements for at least 12 months through operating cash flow, debt financing, & potential stockholder support.