Cheetah Net Supply Chain Service Inc.CTNT

Cheetah Net Supply Chain Service Inc. (CTNT) reported revenue of $92,700 in Q1 2026, a figure that sounds more like a mid-sized warehouse’s monthly coffee budget than a going concern’s top line. The company’s net loss of $616,265 and negative operating cash flow of $2.5 million underscore a business model still hunting for its first profitable shipment. (source: SEC EDGAR 10-Q, period ending 2026-03-31)

CTNT’s services, including cargo shipping and warehousing launched in February 2024, are described as "comprehensive" on its website. Yet the financials tell a different story: just $713,948 in cash, liabilities of $2.1 million, and a diluted EPS of -$4.53. The company’s ability to "allow customers to choose our services or engage other providers" may be a selling point, but it’s also a reminder of how easily clients could bolt for competitors. (source: cheetah-net.com/services, SEC EDGAR 10-Q)

The company’s recent filings read like a corporate stress test. The June 4th 8-K revealed the CFO’s resignation, while the July 6th DEF 14C proxy statement detailed board debates over brokerage costs-curious priorities for a firm with $48.9 million in equity but no clear path to profitability. Shareholders should note the 136 million diluted shares outstanding, a number that could grow if CTNT continues issuing stock to fund operations. (source: SEC EDGAR 8-K, 2026-06-04; DEF 14C, 2026-07-06)

Chart watchers have little to cling to: no guidance, no EBITDA targets, and no mention of inventory turnover ratios in the filings. The lack of forward-looking metrics leaves investors reliant on the company’s ability to monetize its warehousing services-a bet that grows riskier with each negative cash flow print. (source: SEC EDGAR 10-Q, period ending 2026-03-31)