---
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"
generated_at: "2026-06-17T01:16:19.004836+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# ZW Data Action Tech reports FY2022 net loss of $9.79M; revenue down 44.6% to $26.24M

## Summary
- 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.

## SEC filing metadata
- 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
- 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/1376321/000117184323002338/0001171843-23-002338-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1376321/000117184323002338/f8k_041723.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-002338
- JSON: https://secwatch.observer/filing/0001171843-23-002338.json
- Plain text: https://secwatch.observer/filing/0001171843-23-002338.txt

## Key facts
- Earnings Releases
  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.
  - Period: the year ended December 31, 2022
  - Revenue: $26.24 million
  - Net income: $9.79 million
  - EPS: $1.37
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1376321/000117184323002338/0001171843-23-002338-index.htm

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