secwatch.observer — SEC 8-K summary
======================================

Issuer:     ZW Data Action Technologies Inc. (CNET)
CIK:        0001376321
Form:       8-K
Filed at:   2022-11-18T23:59:59+00:00
Accession:  0001171843-22-007592
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1376321/000117184322007592/0001171843-22-007592-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1376321/000117184322007592/f8k_111722.htm
  HTML page:      https://secwatch.observer/filing/0001171843-22-007592

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