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Cheetah Net Supply Chain Service | 10-Q: Q2 2024 Earnings Report

Cheetah Net Supply Chain Service | 10-Q: Q2 2024 Earnings Report

Cheetah Net Supply Chain Service | 10-Q:2024财年二季报
美股SEC公告 ·  2024/08/14 04:13

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Cheetah Net Supply Chain Service reported Q2 2024 revenue of $293,860, down 97.6% from $12.2 million in Q2 2023, with a net loss of $612,880. The decline primarily reflects reduced parallel-import vehicle sales amid challenging market conditions in China, with only one vehicle sold during the quarter compared to 93 in Q2 2023.The company's strategic pivot to logistics and warehousing services, following the February 2024 acquisition of Edward Transit Express, generated $93,563 in revenue, representing 31.8% of total quarterly revenue. The segment now serves 21 customers across regions including China, Hong Kong, Vietnam, and the United States.As of June 30, 2024, Cheetah Net maintained a strong financial position with $6.3 million in cash and working capital of $12.4 million. The company completed a follow-on offering in May 2024, raising net proceeds of $7.3 million to support its business transformation and expansion in logistics services.
Cheetah Net Supply Chain Service reported Q2 2024 revenue of $293,860, down 97.6% from $12.2 million in Q2 2023, with a net loss of $612,880. The decline primarily reflects reduced parallel-import vehicle sales amid challenging market conditions in China, with only one vehicle sold during the quarter compared to 93 in Q2 2023.The company's strategic pivot to logistics and warehousing services, following the February 2024 acquisition of Edward Transit Express, generated $93,563 in revenue, representing 31.8% of total quarterly revenue. The segment now serves 21 customers across regions including China, Hong Kong, Vietnam, and the United States.As of June 30, 2024, Cheetah Net maintained a strong financial position with $6.3 million in cash and working capital of $12.4 million. The company completed a follow-on offering in May 2024, raising net proceeds of $7.3 million to support its business transformation and expansion in logistics services.
猎豹网供应链服务报告称2024年第二季度营业收入为293,860美元,比2023年第二季度的1220万美元下降了97.6%,净亏损为612,880美元。下降主要反映了在中国市场面临的挑战条件下,平行进口汽车销售减少,该季度仅售出一辆车,而2023年第二季度售出了93辆。公司在2024年2月收购爱德华运输快递后战略转向物流和仓储服务,产生了93,563美元的营业收入,占季度总营业收入的31.8%。该部门现在为包括中国、香港、越南和美国在内的21个客户提供服务。截至2024年6月30日,猎豹网保持了良好的财务状况,现金630万元,营运资金1240万元。公司在2024年5月完成了一次增发,筹集净收益730万元,以支持其业务转型和物流服务的扩展。
猎豹网供应链服务报告称2024年第二季度营业收入为293,860美元,比2023年第二季度的1220万美元下降了97.6%,净亏损为612,880美元。下降主要反映了在中国市场面临的挑战条件下,平行进口汽车销售减少,该季度仅售出一辆车,而2023年第二季度售出了93辆。公司在2024年2月收购爱德华运输快递后战略转向物流和仓储服务,产生了93,563美元的营业收入,占季度总营业收入的31.8%。该部门现在为包括中国、香港、越南和美国在内的21个客户提供服务。截至2024年6月30日,猎豹网保持了良好的财务状况,现金630万元,营运资金1240万元。公司在2024年5月完成了一次增发,筹集净收益730万元,以支持其业务转型和物流服务的扩展。
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