secwatch.observer — SEC 8-K summary
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Issuer:     ZW Data Action Technologies Inc. (CNET)
CIK:        0001376321
Form:       8-K
Filed at:   2023-08-21T23:59:59+00:00
Accession:  0001171843-23-005385
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1376321/000117184323005385/0001171843-23-005385-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1376321/000117184323005385/f8k_082123.htm
  HTML page:      https://secwatch.observer/filing/0001171843-23-005385

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer