secwatch.observer — SEC 8-K summary
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Issuer:     ZW Data Action Technologies Inc. (CNET)
CIK:        0001376321
Form:       8-K
Filed at:   2022-08-19T23:59:59+00:00
Accession:  0001171843-22-005766
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ZW Data Action Q2 revenue falls 52% to $6.95M; net loss narrows to $1.71M
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- Q2 revenue $6.95M, down 52.3% YoY; cost of revenue down 52.4% to $7.03M.
- Net loss attributable to CNET improved to $1.71M ($0.05 loss per share) from $3.65M ($0.11) in Q2 2021.
- Cash and equivalents $4.45M at June 30, 2022 vs $7.17M at Dec 31, 2021; working capital $9.82M.
- Revenue decline driven by COVID-19 resurgence in China impacting SME clients.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1376321/000117184322005766/0001171843-22-005766-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1376321/000117184322005766/f8k_081822.htm
  HTML page:      https://secwatch.observer/filing/0001171843-22-005766

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