ZW Data Q3 2022 revenue falls 39% to $7.22M; net loss widens to $2.84M

ZW Data Action Technologies Inc.

Revenue $7.22M, down 39.4% YoY; net loss $2.84M ($0.08 loss per share) vs net income $1.38M ($0.04 EPS) last year.
Gross loss of $0.05M vs gross profit $0.04M; operating loss widened to $1.83M from $1.57M.
Nine-month 2022 revenue $21.81M, down 37.4%; net loss $5.27M ($0.15 per share) vs $1.59M loss ($0.05) YoY.
Cash dropped to $2.15M from $7.17M at Dec 31, 2021; working capital fell to $7.82M from $11.10M.
Company attributes decline to COVID-19 resurgence in China hurting SME clients' demand for search marketing.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ZW Data Action Technologies Inc. reported the first nine months of 2022 results: revenue $21.81 million.

Period: the first nine months of 2022
Revenue: $21.81 million
Result: reported results

Exact text from the filing

For the first nine months of 2022, revenues decreased by $13.03 million, or 37.4%, to $21.81 million from $34.85 million for the same period last year.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ZW Data Action Technologies Inc. reported the third quarter of 2022 results: revenue $7.22 million, net income ($2.84 million), EPS ($0.08).

Period: the third quarter of 2022
Revenue: $7.22 million
Net income: ($2.84 million)
EPS: ($0.08)
Result: reported results

Exact text from the filing

For the third quarter of 2022, revenues decreased by $4.68 million, or 39.4%, to $7.22 million from $11.90 million for the same period last year.

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23 earnings releases filed in the last 30 days. Browse all earnings releases →

ZW Data Action Technologies Inc. filing history →

Source: SEC EDGAR

accession 0001171843-22-007592

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