---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-22-003761"
form_type: "8-K"
ticker: "CNET"
cik: "0001376321"
company_name: "ZW Data Action Technologies Inc."
filed_at: "2022-05-17T23:59:59+00:00"
generated_at: "2026-06-25T11:34:41.075986+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# ZW Data Action Q1 2022 revenue down 8.9% to $7.65M; net loss $0.72M vs prior year net income

## Summary
- Revenue $7.65M, down 8.9% YoY; gross profit turned positive to $0.13M from gross loss of $0.72M.
- Operating loss $1.55M improved from $1.82M; operating loss margin 20.3% vs 21.6%.
- Net loss attributable to CNET $0.72M ($0.02 loss per share) vs net income $0.69M ($0.02 EPS) prior year.
- Cash and equivalents $4.82M as of March 31, 2022, down from $7.17M at Dec 31, 2021.
- Company cites regional COVID-19 rebound in China affecting SME clients as cause for revenue decline.

## SEC filing metadata
- accession: 0001171843-22-003761
- form_type: 8-K
- ticker: CNET
- cik: 0001376321
- company_name: ZW Data Action Technologies Inc.
- filed_at: 2022-05-17T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1376321/000117184322003761/0001171843-22-003761-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1376321/000117184322003761/f8k_051622.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-22-003761
- JSON: https://secwatch.observer/filing/0001171843-22-003761.json
- Plain text: https://secwatch.observer/filing/0001171843-22-003761.txt

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