---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-22-007592"
form_type: "8-K"
ticker: "CNET"
cik: "0001376321"
company_name: "ZW Data Action Technologies Inc."
filed_at: "2022-11-18T23:59:59+00:00"
generated_at: "2026-06-21T15:43:19.110204+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001171843-22-007592
- form_type: 8-K
- ticker: CNET
- cik: 0001376321
- company_name: ZW Data Action Technologies Inc.
- filed_at: 2022-11-18T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1376321/000117184322007592/0001171843-22-007592-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1376321/000117184322007592/f8k_111722.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-22-007592
- JSON: https://secwatch.observer/filing/0001171843-22-007592.json
- Plain text: https://secwatch.observer/filing/0001171843-22-007592.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1376321/000117184322007592/0001171843-22-007592-index.htm
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1376321/000117184322007592/0001171843-22-007592-index.htm

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