{"schema_version":"secwatch.filing_event.v1","accession":"0001171843-23-002338","form_type":"8-K","ticker":"CNET","cik":"0001376321","company_name":"ZW Data Action Technologies Inc.","filed_at":"2023-04-17T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.635717+00:00","generated_at":"2026-06-17T01:16:19.004836+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"ZW Data Action Tech reports FY2022 net loss of $9.79M; revenue down 44.6% to $26.24M","bullets":["Revenue fell to $26.24M from $47.33M, driven by COVID-19 impact on SME clients in China.","Net loss widened to $9.79M ($1.37 EPS) from $2.75M ($0.42 EPS) in 2021.","Operating loss was $11.12M; operating margin worsened to (42.4%) from (28.7%).","Cash and equivalents $4.39M at Dec 31, 2022 vs $7.17M; working capital $6.61M.","Effectuated 1-for-5 reverse stock split in Jan 2023 to regain Nasdaq $1.00 bid compliance."],"urls":{"canonical":"https://secwatch.observer/filing/0001171843-23-002338","json":"https://secwatch.observer/filing/0001171843-23-002338.json","markdown":"https://secwatch.observer/filing/0001171843-23-002338.md","text":"https://secwatch.observer/filing/0001171843-23-002338.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1376321/000117184323002338/0001171843-23-002338-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1376321/000117184323002338/f8k_041723.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T01:16:19.004836+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"69180fd61a8a9e6ac9143ec2f5a2e8a7cceba9a0","claim":"ZW Data Action Technologies Inc. reported the year ended December 31, 2022 results: revenue $26.24 million, net income $9.79 million, EPS $1.37.","evidence_excerpt":"For the full year of 2022, revenues decreased by $21.09 million, or 44.6%, to $26.24 million from $47.33 million for the last year.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1376321/000117184323002338/0001171843-23-002338-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the year ended December 31, 2022"},{"label":"Revenue","value":"$26.24 million"},{"label":"Net income","value":"$9.79 million"},{"label":"EPS","value":"$1.37"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}