---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-23-007192"
form_type: "8-K"
ticker: "CNET"
cik: "0001376321"
company_name: "ZW Data Action Technologies Inc."
filed_at: "2023-11-20T23:59:59+00:00"
generated_at: "2026-06-07T23:17:39.212487+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001171843-23-007192
- form_type: 8-K
- ticker: CNET
- cik: 0001376321
- company_name: ZW Data Action Technologies Inc.
- filed_at: 2023-11-20T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1376321/000117184323007192/0001171843-23-007192-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1376321/000117184323007192/f8k_112023.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-007192
- JSON: https://secwatch.observer/filing/0001171843-23-007192.json
- Plain text: https://secwatch.observer/filing/0001171843-23-007192.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1376321/000117184323007192/0001171843-23-007192-index.htm

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