ZW Data Action reports Q3 net income $1.38M vs loss; blockchain/NFT platform launched

ZW Data Action Technologies Inc.

Q3 2021 revenue $11.90M, down 3.3% YoY; net income $1.38M ($0.04 EPS) vs net loss $1.33M ($0.06 loss) in Q3 2020.
Nine-month revenue $34.85M, up 28.6% YoY; net loss narrowed to $1.59M from $4.61M.
Operating loss widened to $11.67M for nine months vs $4.70M; G&A expenses rose 129% to $10.37M.
Working capital improved to $11.84M from $4.86M; cash $8.73M vs $4.30M as of Dec 31, 2020.
Launched blockchain infrastructure for NFT applications; authorized by JD.com as WanDianBao service provider.

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