secwatch.observer — SEC 8-K summary
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Issuer:     ZW Data Action Technologies Inc. (CNET)
CIK:        0001376321
Form:       8-K
Filed at:   2023-11-20T23:59:59+00:00
Accession:  0001171843-23-007192
Event type: earnings
Sentiment:  negative
Materiality: 0.50
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1376321/000117184323007192/0001171843-23-007192-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1376321/000117184323007192/f8k_112023.htm
  HTML page:      https://secwatch.observer/filing/0001171843-23-007192

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