secwatch.observer — SEC 8-K summary
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Issuer:     ZW Data Action Technologies Inc. (CNET)
CIK:        0001376321
Form:       8-K
Filed at:   2022-04-15T23:59:59+00:00
Accession:  0001171843-22-002608
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1376321/000117184322002608/0001171843-22-002608-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1376321/000117184322002608/f8k_041422.htm
  HTML page:      https://secwatch.observer/filing/0001171843-22-002608

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer