Core Insights - Cheetah Net Supply Chain Service Inc. reported a revenue of $361,935 for Q3 2025, with a significant operating loss of $1,564,479, which includes an impairment loss of $731,307 on intangible assets and goodwill [2][4][9] - The company experienced a net loss of $1,314,650 for the quarter, marking a 27.6% decrease compared to the same period in 2024 [2][12] - Ongoing trade tensions and tariff issues have adversely affected logistics and warehousing demand, leading to a slower-than-expected recovery in the sector [3][5] Financial Performance - Revenue from logistics and warehousing services for Q3 2025 was $361,935, with $41,935 (11.6%) from Edward Transit Express Group and $320,000 (88.4%) from TW & EW Services Inc. [4] - The cost of revenue was reported at $317,757, resulting in a gross profit of $44,178 for the quarter [6][33] - General and administrative expenses decreased by 27.3% to $801,263, primarily due to cost-saving measures and staff optimization [7][17] Impairment and Losses - The company recognized an impairment loss of $731,307 for Q3 2025, attributed to the acquisition of Edward, following a qualitative and quantitative assessment of market conditions [9][18] - Share-based compensation expenses decreased significantly by 70.9% to $76,087 for the quarter [10] - The net loss from continuing operations for the nine months ended September 30, 2025, was $2,581,087, compared to a net loss of $1,710,581 for the same period in 2024 [22][24] Interest Income and Expenses - Interest income from continuing operations increased significantly to $244,776 for Q3 2025, up 176.7% from $88,460 in Q3 2024 [11][33] - Interest expenses slightly decreased to $7,849 for Q3 2025, down 6.9% from $8,435 in Q3 2024 [12][33] 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 [26][27] - The company reported a net cash flow of $0.7 million from operating activities during the nine months ended September 30, 2025 [27][34] - Total stockholders' equity decreased to $10.1 million as of September 30, 2025, compared to $12.6 million at the end of 2024 [27][30]

Core 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].

About Marvion Accessibility StatementSkip Navigation MVNC's B2B2C Expansion Bridges Logistics and Retail Ecosystem, Strengthening Growth and Market Visibility HONG KONG, Nov. 4, 2025 /PRNewswire/ -- Marvion Inc. (OTCQB: MVNC) is pleased to announce that the Company has signed a Memorandum of Understanding (MOU) with Hong Kong-based eCommerce logistics company 8M Limited to jointly develop a "Delivery and Disposal" service model for large household products and furniture. Under the MOU, MVNC's subsidiary KSK ...

Group 1: Corporate Layoffs - Amazon plans to cut around 14,000 corporate positions, with reports suggesting the total could reach 30,000, as part of a global restructuring related to AI-driven automation and efficiency [1] - Target announced the elimination of 1,800 corporate roles, including about 1,000 active layoffs, to simplify operations and reduce costs [1] Group 2: Manufacturing Sector - The auto sector is experiencing job losses due to electric-vehicle investments and weaker consumer demand, with several companies in Michigan announcing layoffs: Autokiniton is closing a Detroit stamping plant and cutting 133 jobs, IAC Alma will eliminate 246 jobs, and Dana Thermal Products is closing its Auburn Hills facility with 200 layoffs [2] - Tenneco has reduced 82 positions in Tennessee, while Federal-Mogul Motorparts shut down its Boaz, Alabama plant, affecting 82 workers [3] Group 3: Logistics and Warehousing - Freight operators and third-party logistics providers are trimming payrolls as contract volumes fall, indicating a broader trend of layoffs in the logistics sector [4] - Averitt Express is cutting 193 positions in Alabama following the end of a Mercedes-Benz contract, and CBJ Logistics plans to eliminate 101 jobs in Philadelphia [6] Group 4: Regional Job Cuts - In California, Manna Beverages is eliminating 638 jobs, rPlanet Earth is cutting 178 positions, Bumble Bee Foods shed 56 jobs, and Leprino Foods plans to close its Lemoore East cheese plant, affecting 300 workers [5] - In Texas, Lion Elastomers will close its Orange facility, cutting 100 jobs, while Yang Ming Corp. is closing its Houston customer-service center, affecting 118 employees [5] - In Florida, PGT Industries is cutting 442 positions, and ID Logistics will eliminate 174 jobs [5] - In Georgia, Mannington Mills will close three plants and cut 200 jobs, while Saddle Creek Logistics plans to lay off 128 workers [5] - In Wisconsin, Saputo Cheese USA will lay off 240 employees as part of a consolidation plan [5]

Core Insights - GXO is a leader in warehouse automation, utilizing advanced robotic systems to enhance efficiency and reduce costs [1][2] - The company has a diverse customer base across various sectors, including aerospace, agribusiness, and fashion, with over 1,000 warehouse locations globally [7] - GXO's recent acquisition of Wincanton has strengthened its position in the UK and Ireland, contributing to its growth [8] Company Overview - GXO provides a wide range of supply chain and warehousing services, addressing challenges in efficient goods movement [3] - The company employs approximately 150,000 people and generated $11.7 billion in revenue last year, making it the world's largest pure-play logistics contractor [7] Financial Performance - In Q2 2025, GXO reported revenue of $3.3 billion, a 16% year-over-year increase, with 6% organic growth, the highest in nine quarters [9] - The company signed $307 million in new business during the second quarter, reflecting a 13% increase over the previous year [9] Growth Potential - Analysts note that GXO's organic revenue growth is improving, driven by contract wins and synergies from the Wincanton acquisition [10] - The stock has a Strong Buy consensus rating, with a current price of $52.89 and a one-year price target of $68, indicating a potential upside of 28.5% [10]

Core Insights - Cheetah Net Supply Chain Service Inc. has shifted its focus from parallel-import vehicle sales to logistics and warehousing services due to challenging market conditions in China and trade tensions with the U.S. [2][3] - The company reported a significant decline in sales volume in the parallel-import vehicle segment, leading to the discontinuation of this business line [2][3] - The logistics and warehousing segment generated $479,799 in revenue for Q1 2025, with TWEW contributing 87% of this revenue [3][4] Recent Highlights - The parallel-import vehicle business faced a significant downturn, prompting the board to approve its discontinuation [2] - The company is focusing on operational efficiencies and expanding service offerings to position itself for future growth [2] - The newly acquired subsidiary TWEW outperformed the earlier acquisition, Edward Transit Express Group, indicating a positive shift in business strategy [2] Financial Performance - For Q1 2025, total revenue was $479,799, with a gross profit of $56,256 [3][4] - General and administrative expenses increased by 30.3% to $1.0 million, primarily due to hiring and operational expansions [5] - Interest income surged to $208,090, a 619.3% increase compared to the same period in 2024, driven by interest on short-term loans and certificates of deposit [7] Losses and Discontinued Operations - The company reported a net loss of $753,909 for Q1 2025, compared to a net loss of $608,930 in Q1 2024 [8][10] - The discontinued parallel-import vehicle business generated $1.4 million in revenue in Q1 2024 but incurred a gross loss of $9,283 [9][10] Liquidity and Cash Flow - As of March 31, 2025, current assets totaled $10.2 million, with cash and cash equivalents at $0.3 million [12] - The company reported net cash flow of $1.8 million from operating activities for Q1 2025 [13] - Total stockholders' equity decreased to $11.9 million from $12.6 million as of December 31, 2024 [13]

Core Viewpoint - Cheetah Net Supply Chain Service Inc. faced significant challenges in 2024 due to deteriorating market conditions in China, leading to a strategic shift from parallel-import vehicle sales to logistics and warehousing services, resulting in a total net loss of $5.2 million for the year [4][19]. Financial Performance - The company's total revenues from continuing operations were $455,805 for the year ended December 31, 2024, with a gross profit of $178,512 [9][28]. - Net losses from continuing operations were $3.2 million, compared to $1.7 million in 2023 [14][28]. - The company reported a gross loss of $24,820 from discontinued operations, a significant decline from a gross profit of $4.2 million in 2023 [16]. Discontinued Operations - Sales from the discontinued parallel-import vehicle business plummeted by 95.7% to $1.6 million in 2024 from $38.3 million in 2023 [15]. - The cost of revenues from discontinued operations decreased by 95.0% to $1.7 million in 2024, aligning with the sales downturn [15]. - The net loss from discontinued operations was approximately $2.0 million in 2024, compared to a net income of $1.8 million in 2023 [19]. Strategic Initiatives - The company acquired Edward Transit Express Group, Inc. for $1.5 million in February 2024 and TWEW for $1.0 million in December 2024 to expand its logistics and warehousing capabilities [6][9]. - Cheetah relocated its headquarters to Irvine, CA, to enhance its focus on logistics and warehousing, benefiting from proximity to major ports [6][9]. Shareholder Actions - The company completed a public offering of 404,979 shares at $3.68 per share in July 2024, generating net proceeds of $1.1 million [9]. - A reverse stock split at a ratio of 1-for-16 was approved and took effect on October 21, 2024, impacting the trading of its Class A common stock [9][26]. Liquidity and Cash Flow - As of December 31, 2024, the company had current assets of $11.0 million, including cash and cash equivalents of $1.7 million [20]. - The company reported cash flow of $0.2 million from operating activities, $6.1 million used in investing activities, and $7.1 million provided by financing activities during the year [21][33].