Cheetah Net Supply Chain Service (NASDAQ:CTNT) First Quarter 2024 Results

Key Financial Results

• Revenue: US$1.51m (down 85% from 1Q 2023).

• Net loss: US$608.9k (loss widened by 464% from 1Q 2023).

• US$0.032 loss per share (further deteriorated from US$0.006 loss in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Cheetah Net Supply Chain Service Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 70%. Earnings per share (EPS) also missed analyst estimates by 200%.

Looking ahead, revenue is forecast to grow 25% p.a. on average during the next 2 years, compared to a 4.8% growth forecast for the Retail Distributors industry in the US.

Performance of the American Retail Distributors industry.

The company's shares are down 33% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for Cheetah Net Supply Chain Service (1 is significant!) that you need to be mindful of.

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