<span item_type="fundamental" item_id="c6fc85cfd6efac5f0fb0a2471f9dbf06" counter_id="ST/US/CTNT" env="prod"></span><span item_type="announcement" item_id="580261169050164225" env="prod"></span><p>Revenue: As of FY2025 Q3, the actual value is USD 361.94 K, missing the estimate of USD 400 K.</p><p>EPS: As of FY2025 Q3, the actual value is USD -0.41, missing the estimate of USD -0.26.</p><p>EBIT: As of FY2025 Q3, the actual value is USD -1.801 M.</p><p></p><h3>Segment Revenue</h3><ul><li><strong>Logistics and Warehousing Services</strong>: Revenue for the three months ended September 30, 2025, was $361,935, an increase from $61,208 in the same period in 2024. For the nine months ended September 30, 2025, revenue was $1,195,860, up from $231,605 in 2024. This growth was primarily driven by the acquisition of TWEW in November 2024, which contributed significantly to the U.S. domestic market revenue.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1951667/000110465925108479/ctnt-20250930x10q.htm"></span></li></ul><h3>Operational Metrics</h3><ul><li><strong>Net Loss</strong>: For the three months ended September 30, 2025, the net loss was $1,314,650, compared to $1,815,292 in 2024. For the nine months ended September 30, 2025, the net loss was $2,581,087, compared to $3,037,102 in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1951667/000110465925108479/ctnt-20250930x10q.htm"></span></li><li><strong>Gross Profit</strong>: For the three months ended September 30, 2025, gross profit was $44,178, compared to $29,869 in 2024. For the nine months ended September 30, 2025, gross profit was $135,334, compared to $112,168 in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1951667/000110465925108479/ctnt-20250930x10q.htm"></span></li><li><strong>Operating Expenses</strong>: General and administrative expenses for the three months ended September 30, 2025, were $801,263, down from $1,102,454 in 2024. For the nine months ended September 30, 2025, these expenses were $2,607,087, compared to $2,735,450 in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1951667/000110465925108479/ctnt-20250930x10q.htm"></span></li></ul><h3>Cash Flow</h3><ul><li><strong>Operating Cash Flow</strong>: Net cash provided by operating activities was $733,783 for the nine months ended September 30, 2025, compared to $601,526 in 2024. Cash used in operating activities from continuing operations was $1,806,718 in 2025, compared to $2,921,549 in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1951667/000110465925108479/ctnt-20250930x10q.htm"></span></li></ul><h3>Unique Metrics</h3><ul><li><strong>Impairment Loss</strong>: An impairment loss of $731,307 was recognized for the three months ended September 30, 2025, related to the goodwill and intangible assets of Edward.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1951667/000110465925108479/ctnt-20250930x10q.htm"></span></li></ul><h3>Future Outlook and Strategy</h3><ul><li><strong>Core Business Focus</strong>: The company is shifting its focus from parallel-import vehicle sales to logistics and warehousing services, aiming to improve operational efficiencies and expand market presence in the California area.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1951667/000110465925108479/ctnt-20250930x10q.htm"></span></li><li><strong>Non-Core Business</strong>: The parallel-import vehicle business was discontinued as of March 3, 2025, due to unsustainable market conditions.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1951667/000110465925108479/ctnt-20250930x10q.htm"></span></li><li><strong>Priority</strong>: The company is prioritizing the expansion of its logistics and warehousing services, particularly through its subsidiaries Edward and TWEW, to capitalize on the U.S. domestic market.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1951667/000110465925108479/ctnt-20250930x10q.htm"></span></li></ul>

Cheetah Net Supply Chain | 10-Q: FY2025 Q3 Revenue Misses Estimate at USD 361.94 K