{"schema_version":"secwatch.filing_event.v1","accession":"0001171843-23-003481","form_type":"8-K","ticker":"CNET","cik":"0001376321","company_name":"ZW Data Action Technologies Inc.","filed_at":"2023-05-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.636220+00:00","generated_at":"2026-06-14T18:06:47.571716+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"ZW Data Action Q1 revenue down 17.5% to $6.32M; net loss widens to $1.14M","bullets":["Revenue fell to $6.32M from $7.65M YoY, driven by COVID-19 impact on SME clients.","Gross loss of $0.31M vs. gross profit of $0.13M a year ago; gross margin turned negative.","Net loss attributable to CNET of $1.14M ($0.16 per share) vs. $0.72M ($0.10) in Q1 2022.","Cash and equivalents dropped to $1.59M from $4.39M as of Dec 31, 2022.","Operating loss margin was 21% vs. 20% a year earlier; operating loss narrowed to $1.31M."],"urls":{"canonical":"https://secwatch.observer/filing/0001171843-23-003481","json":"https://secwatch.observer/filing/0001171843-23-003481.json","markdown":"https://secwatch.observer/filing/0001171843-23-003481.md","text":"https://secwatch.observer/filing/0001171843-23-003481.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1376321/000117184323003481/0001171843-23-003481-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1376321/000117184323003481/f8k_052223.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T18:06:47.571716+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":"f0df930e56f3c8571c9d2766eb7fc1eeeaf7c81e","claim":"ZW Data Action Technologies Inc. reported first quarter of 2023 results: revenue $6.32 million, net income Net loss attributable to CNET was approximately $1.14 million, EPS loss per share of $0.16.","evidence_excerpt":"three months ended March 31, 2023. First Quarter 2023 Financial Results Revenues For the first quarter of 2023, revenues decreased by approximately $1.34 million, or 17.5%, to $6.32 million from $7.65 million for the same period last year. The decrease in revenues was primarily attributable to the decrease in revenues from our Internet advertising and related data","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1376321/000117184323003481/0001171843-23-003481-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter of 2023"},{"label":"Revenue","value":"$6.32 million"},{"label":"Net income","value":"Net loss attributable to CNET was approximately $1.14 million"},{"label":"EPS","value":"loss per share of $0.16"},{"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"}