ZW Data Action Tech reports FY2021 revenue up 23% but operating loss widens to $13.6M

ZW Data Action Technologies Inc.

Revenue $47.33M (+23.2% YoY); gross profit fell to $0.10M (0.2% margin vs 1.6%).
Operating loss $13.59M vs $5.70M; net loss attributable $2.75M (EPS -$0.08 vs -$0.24).
Operating expenses surged: G&A up 132.5% to $12.63M on $5.14M share-based compensation.
Cash $7.17M, working capital $11.10M; net cash used in ops $8.84M vs +$0.33M prior year.
New partnerships: blockchain insurance platform and IP+NFT+Metaverse business model.

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