earnings
confidence high
sentiment negative
materiality 0.70
ZW Data Action Q2 revenue up 39.7% to $14.55M; net loss widens to $3.65M
ZW Data Action Technologies Inc.
- Q2 revenue $14.55M (+39.7% YoY); H1 revenue $22.95M (+55% YoY).
- Q2 gross loss $0.22M vs gross profit $0.30M a year ago; gross margin negative 1.5%.
- Q2 operating loss $8.28M (margin 56.9%) vs $1.02M (9.8%) last year.
- Net loss attributable to CNET $3.65M (EPS -$0.11) vs $0.97M (EPS -$0.04) in Q2 2020.
- Cash and equivalents $11.75M as of June 30, 2021, up from $4.30M at Dec 31, 2020.