---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-23-005385"
form_type: "8-K"
ticker: "CNET"
cik: "0001376321"
company_name: "ZW Data Action Technologies Inc."
filed_at: "2023-08-21T23:59:59+00:00"
generated_at: "2026-06-11T06:04:10.051641+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001171843-23-005385
- form_type: 8-K
- ticker: CNET
- cik: 0001376321
- company_name: ZW Data Action Technologies Inc.
- filed_at: 2023-08-21T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1376321/000117184323005385/0001171843-23-005385-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1376321/000117184323005385/f8k_082123.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-005385
- JSON: https://secwatch.observer/filing/0001171843-23-005385.json
- Plain text: https://secwatch.observer/filing/0001171843-23-005385.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1376321/000117184323005385/0001171843-23-005385-index.htm

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