Cheetah Net to Acquire HK Trading Co.; Q1 Revenue Down 80.7%

Cheetah Net Supply Chain Service Inc. reported a significant 80.7% decrease in Q1 2026 revenue to $92,700, primarily due to global trade uncertainty. Despite the revenue decline, the company reduced its operating loss by 20.4% to $764,319 and net loss from continuing operations by 18.3% to $616,265, driven by cost-saving measures. Strategically, Cheetah Net completed a private placement and an ATM financing, and entered an agreement to acquire a Hong Kong-based industrial equipment trading company to expand its business platform. The company's total assets and stockholders' equity significantly increased, though it noted ongoing operating losses raise going concern doubts.