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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財年二季報
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.
獵豹網絡供應鏈服務報告顯示,2024年第二季度營業收入爲293,860美元,比2023年第二季度的1220萬下降了97.6%,淨虧損爲612,880美元。下降主要反映了在中國市場條件嚴峻的情況下,平行進口車輛銷量減少,本季度僅售出一輛車輛,而2023年第二季度售出了93輛。公司在2024年2月收購愛德華快遞後,戰略轉向物流和倉儲服務,創造了93,563美元的營業收入,佔季度總營業收入的31.8%。該部門目前爲包括中國、香港、越南和美國在內的21個客戶提供服務。截至2024年6月30日,獵豹網絡保持了強勁的財務狀況,現金爲630萬,流動資金爲1240萬。公司在2024年5月完成了後續發行,籌集了730萬的淨收益,以支持其在物流服務方面的業務轉型和擴展。
獵豹網絡供應鏈服務報告顯示,2024年第二季度營業收入爲293,860美元,比2023年第二季度的1220萬下降了97.6%,淨虧損爲612,880美元。下降主要反映了在中國市場條件嚴峻的情況下,平行進口車輛銷量減少,本季度僅售出一輛車輛,而2023年第二季度售出了93輛。公司在2024年2月收購愛德華快遞後,戰略轉向物流和倉儲服務,創造了93,563美元的營業收入,佔季度總營業收入的31.8%。該部門目前爲包括中國、香港、越南和美國在內的21個客戶提供服務。截至2024年6月30日,獵豹網絡保持了強勁的財務狀況,現金爲630萬,流動資金爲1240萬。公司在2024年5月完成了後續發行,籌集了730萬的淨收益,以支持其在物流服務方面的業務轉型和擴展。
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