ZW Data Action Q3 revenue up 27% to $9.18M, net loss narrows to $1.52M

ZW Data Action Technologies Inc.

Q3 revenue $9.18M (+27.2% YoY); net loss $1.52M ($0.21 EPS) vs $2.84M ($0.40) YoY; operating loss margin improved to 17% from 25%.
Gross loss margin 0.04% in Q3 vs 0.7% YoY; cost of revenue rose 26.4% to $9.19M.
Cash and equivalents fell to $1.31M at Sep 30, 2023 from $4.39M at Dec 31, 2022; working capital $4.29M.
Nine-month revenue $25.32M (+16.1%); net loss $4.07M ($0.57 EPS) vs $5.27M ($0.74) YoY; operating loss $4.25M.

item 2.02 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

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

Period: the three and nine months ended September 30, 2023
Result: reported results

Exact text from the filing

On November 20, 2023, ZW Data Action Technologies Inc., a Nevada corporation (the “Company”), issued a press release containing certain unaudited financial results for its third fiscal quarter and nine months ended September 30, 2023.

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ZW Data Action Technologies Inc. filing history →

Source: SEC EDGAR

accession 0001171843-23-007192

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