Quarterly ResultAug 13, 2026, 05:32 PM
Cheetah Net Q2 Net Income $71K; Assets Soar to $82.5M
AI Summary
Cheetah Net Supply Chain Service Inc. reported a net income of $71,045 for Q2 2026, a significant improvement from a $512,528 loss in Q2 2025. Total assets surged to $82.5 million as of June 30, 2026, up from $11.9 million at year-end 2025, driven by new financing and strategic investments. The company acquired Super International and disposed of Edward Transit Express Group, continuing its business transformation.
Key Highlights
- Q2 2026 net income was $71,045, compared to a net loss of $512,528 in Q2 2025.
- Total assets increased to $82.5 million as of June 30, 2026, from $11.9 million at December 31, 2025.
- Cash and cash equivalents rose to $2.14 million from $0.23 million over the same period.
- Acquired Super International Trading Limited for $4.98 million, expanding into construction machinery trading.
- Disposed of Edward Transit Express Group, Inc. on April 1, 2026.
- Recognized a $41.1 million receivable from withdrawal of investment deposit.
- Completed a 1-for-200 reverse stock split effective April 20, 2026.
- Raised $40.14 million from PIPE and $30.95 million from ATM offering.
Price Impact
More from CTNT