---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-22-002608"
form_type: "8-K"
ticker: "CNET"
cik: "0001376321"
company_name: "ZW Data Action Technologies Inc."
filed_at: "2022-04-15T23:59:59+00:00"
generated_at: "2026-06-26T07:06:27.087305+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001171843-22-002608
- form_type: 8-K
- ticker: CNET
- cik: 0001376321
- company_name: ZW Data Action Technologies Inc.
- filed_at: 2022-04-15T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1376321/000117184322002608/0001171843-22-002608-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1376321/000117184322002608/f8k_041422.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-22-002608
- JSON: https://secwatch.observer/filing/0001171843-22-002608.json
- Plain text: https://secwatch.observer/filing/0001171843-22-002608.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.