Cheetah Net Supply Chain Service Inc. Announces 1st Quarter 2024 Results and Provides Corporate Update
Cheetah Net Supply Chain Service Inc. (CTNT)
Company Research
Source: GlobeNewswire
CHARLOTTE, N.C., May 13, 2024 (GLOBE NEWSWIRE) -- Cheetah Net Supply Chain Service Inc. (“Cheetah” or the “Company”) (Nasdaq CM: CTNT), a supplier of parallel-import vehicles sourced in the U.S. to be sold in the People’s Republic of China (the “PRC”) market, today reported results for the quarter ended March 31, 2024 and provided a corporate update. Recent Highlights Challenging market conditions in the PRC, first reported with respect to the Company’s financial performance during the second half of 2023, have continued into 2024. The Company’s financial results were impacted by these unfavorable market conditions in the first quarter of 2024, during which the Company experienced a significant decline in revenue. The gross margin between the U.S. retail prices of select luxury car models and their wholesale prices in the parallel-vehicle market continues to be significantly compressed.The Company sold a total of 13 vehicles during the first quarter of 2024, compared with 82 vehic
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News
- Cheetah Net Supply Chain Service Inc. (NASDAQ: CTNT) had its "hold" rating re-affirmed by analysts at Maxim Group.MarketBeat
- Cheetah Net Supply Chain Service Inc. Announces Closing of $8.19 Million Follow-on Public Offering [Yahoo! Finance]Yahoo! Finance
- Cheetah Net Supply Chain Service Inc. Announces Closing of $8.19 Million Follow-on Public OfferingGlobeNewswire
- Cheetah Net Supply Chain Service Inc. Announces Pricing of $8.19 Million Follow-on Public Offering [Yahoo! Finance]Yahoo! Finance
- Cheetah Net Supply Chain Service Inc. Announces Pricing of $8.19 Million Follow-on Public OfferingGlobeNewswire
CTNT
Sec Filings
- 6/13/24 - Form 4
- 6/13/24 - Form SC
- 6/3/24 - Form 4
- CTNT's page on the SEC website