secwatch.observer — SEC 8-K summary
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Issuer:     ZW Data Action Technologies Inc. (CNET)
CIK:        0001376321
Form:       8-K
Filed at:   2022-05-17T23:59:59+00:00
Accession:  0001171843-22-003761
Event type: earnings
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1376321/000117184322003761/0001171843-22-003761-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1376321/000117184322003761/f8k_051622.htm
  HTML page:      https://secwatch.observer/filing/0001171843-22-003761

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