Cheetah Net Supply Chain Service (CTNT) - 2023 Q2 - Quarterly Report

Table of Contents Comparison of the Three Months Ended June 30, 2023 and 2022 Revenue decreased by $8.6 million, or 41.2%, from approximately $20.8 million for the three months ended June 30, 2022 to $12.2 million for the three months ended June 30, 2023. The decrease was primarily due to a lower number of vehicles sold. Specifically: (i) For the three months ended June 30, 2023, we sold 93 vehicles compared with 175 for the three months ended June 30, 2022, mainly due to a short-term decline in market dema ...