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].

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]