ZW Data Action Q2 revenue up 41%, net loss narrows to $1.4M; H1 net loss $2.55M

ZW Data Action Technologies Inc.

Q2 revenue $9.82M (+41% YoY); net loss $1.40M ($0.19 per share) vs $1.71M loss YoY.
Operating loss improved to $1.34M from $2.71M YoY; gross loss margin unchanged at 1%.
H1 2023 revenue $16.14M (+10.5% YoY); net loss $2.55M ($0.35 per share) vs $2.43M loss.
Cash and equivalents $2.00M at June 30, 2023, down from $4.39M at Dec 31, 2022.
Working capital $5.47M; net cash used in operations improved to $0.86M from $2.14M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ZW Data Action Technologies Inc. reported financial results for the three and six months ended June 30, 2023.

Period: the three and six months ended June 30, 2023
Result: reported results

Exact text from the filing

On August 21, 2023, ZW Data Action Technologies Inc., a Nevada corporation (the “Company”), issued a press release containing certain unaudited financial results for its second fiscal quarter and six months ended June 30, 2023.

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ZW Data Action Technologies Inc. filing history →

Source: SEC EDGAR

accession 0001171843-23-005385

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