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Cheetah Net Supply Chain Service | 8-K: Cheetah Net Supply Chain Service Inc. Announces Second Quarter 2024 Results and Provides Corporate Update

Cheetah Net Supply Chain Service | 8-K: Cheetah Net Supply Chain Service Inc. Announces Second Quarter 2024 Results and Provides Corporate Update

Cheetah Net Supply Chain Service | 8-K:獵豹網絡供應鏈服務公司公佈2024年第二季度業績並提供公司最新情況
美股SEC公告 ·  2024/08/13 15:19

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Cheetah Net Supply Chain Service reported significant revenue decline to $0.3M in Q2 2024, down from $12.2M in Q2 2023, primarily due to challenges in the parallel-import vehicle market. The company sold only one vehicle compared to 93 vehicles in the same period last year, resulting in a net loss of $0.6M versus a net income of $0.2M in Q2 2023.The company is strategically pivoting beyond the parallel-import vehicle business, generating over $70,000 in non-vehicle related warehousing and logistics revenue following the acquisition of Edward Transit Express Group Inc. in February 2024. As part of this transformation, Cheetah Net announced plans to relocate its headquarters from Charlotte, NC to Irvine, CA to leverage Southern California's logistics infrastructure and port access.As of June 30, 2024, the company maintained a strong liquidity position with $6.3M in cash and working capital of $12.4M. Management believes current measures, including operational cash generation and available financing options, will provide sufficient liquidity for at least the next 12 months.
Cheetah Net Supply Chain Service reported significant revenue decline to $0.3M in Q2 2024, down from $12.2M in Q2 2023, primarily due to challenges in the parallel-import vehicle market. The company sold only one vehicle compared to 93 vehicles in the same period last year, resulting in a net loss of $0.6M versus a net income of $0.2M in Q2 2023.The company is strategically pivoting beyond the parallel-import vehicle business, generating over $70,000 in non-vehicle related warehousing and logistics revenue following the acquisition of Edward Transit Express Group Inc. in February 2024. As part of this transformation, Cheetah Net announced plans to relocate its headquarters from Charlotte, NC to Irvine, CA to leverage Southern California's logistics infrastructure and port access.As of June 30, 2024, the company maintained a strong liquidity position with $6.3M in cash and working capital of $12.4M. Management believes current measures, including operational cash generation and available financing options, will provide sufficient liquidity for at least the next 12 months.
獵豹網絡供應鏈服務在2024年第二季度的營業收入大幅下降至30萬美元,較2023年第二季度的1220萬美元下降,主要由於平行進口車輛市場面臨挑戰。該公司僅售出一輛車輛,而去年同期售出了93輛,導致淨虧損爲60萬美元,而2023年第二季度的凈利潤爲20萬美元。該公司正戰略性地從平行進口車輛業務轉型,在2024年2月收購了愛德華交通快遞集團後,生成了超過70,000美元的非車輛相關倉儲和物流收入。作爲這一轉型的一部分,獵豹網絡宣佈計劃將總部從北卡羅來納州夏洛特遷至加利福尼亞州爾灣,以利用南加州的物流基礎設施和港口通道。截至2024年6月30日,該公司保持了強勁的流動性,現金爲630萬美元,營運資金爲1240萬美元。管理層認爲,目前的措施,包括運營現金生成和可用的融資期權,將在未來至少12個月內提供充足的流動性。
獵豹網絡供應鏈服務在2024年第二季度的營業收入大幅下降至30萬美元,較2023年第二季度的1220萬美元下降,主要由於平行進口車輛市場面臨挑戰。該公司僅售出一輛車輛,而去年同期售出了93輛,導致淨虧損爲60萬美元,而2023年第二季度的凈利潤爲20萬美元。該公司正戰略性地從平行進口車輛業務轉型,在2024年2月收購了愛德華交通快遞集團後,生成了超過70,000美元的非車輛相關倉儲和物流收入。作爲這一轉型的一部分,獵豹網絡宣佈計劃將總部從北卡羅來納州夏洛特遷至加利福尼亞州爾灣,以利用南加州的物流基礎設施和港口通道。截至2024年6月30日,該公司保持了強勁的流動性,現金爲630萬美元,營運資金爲1240萬美元。管理層認爲,目前的措施,包括運營現金生成和可用的融資期權,將在未來至少12個月內提供充足的流動性。
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