Cheetah Net Supply Chain Service (US:CTNT) Globenewswireยท2025-11-07 21:10Core Insights - Cheetah Net Supply Chain Service Inc. reported a significant revenue increase of 491.3% year-over-year for Q3 2025, totaling $361,935, despite facing ongoing challenges from tariff issues and trade tensions [2][3][4]. Financial Performance - The operating loss for Q3 2025 was $1,314,650, which included an impairment loss of $731,307 on intangible assets and goodwill [2][9]. - Interest income rose to $244,776 in Q3 2025, a 176.7% increase compared to $88,460 in Q3 2024, primarily due to interest from short-term loans and certificates of deposit [11]. - General and administrative expenses decreased by 27.3% to $801,263 in Q3 2025, down from $1,102,454 in Q3 2024, attributed to cost-saving measures and staff optimization [7][17]. Business Operations - Revenue from Edward Transit Express Group Inc. decreased by 31.5% to $41,935 in Q3 2025, primarily due to reduced customer demand stemming from U.S.-China trade tensions [4][5]. - The company aims to improve operational efficiencies and expand market presence in California for its acquired businesses [6]. Impairment and Costs - The impairment loss of $731,307 was recognized due to the fair value of Edward being lower than its carrying amount, following a qualitative assessment of market conditions [9][19]. - The total cost of revenues for the nine months ended September 30, 2025, increased to $1,060,526, a 787.9% rise from $119,437 in the same period in 2024, largely due to contributions from TWEW [16]. Liquidity and Cash Flow - As of September 30, 2025, the company had current assets of $9.7 million and current liabilities of approximately $1.3 million, indicating a healthy liquidity position [27]. - The company reported a net cash flow of $0.7 million from operating activities during the nine months ended September 30, 2025 [28].