ZW Data Action Tech FY2023 revenue $30.59M (+16.6%); net loss $5.97M

ZW Data Action Technologies Inc.

Revenue increased 16.6% to $30.59M, driven by SME advertising demand after COVID restrictions lifted.
Gross loss widened to $0.44M (1.4% margin) from $0.19M (0.7% margin) in 2022.
Net loss attributable to CNET improved to $5.97M ($0.83/sh) from $9.79M ($1.37/sh).
Cash and equivalents dropped to $0.82M at Dec 31, 2023 from $4.39M a year earlier.
G&A expenses cut 51.1% to $4.06M; R&D spending down 92.6% to $0.02M.

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