NASDAQ : CNET
ZW Data Action Technologies Inc. — Financial statements
Communication Services · Advertising Agencies · Hong Kong
Last price 0.8616 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 3.16M
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Financial statements
ZW Data Action Technologies Inc. (CNET) reported revenue of 3.45M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 3.45M | 4.61M | 15.44M | 30.59M | 26.23M | 47.33M |
| Cost of Revenue | 3.23M | 4.26M | 14.99M | 31.02M | 26.43M | 47.23M |
| Gross Profit | 220.00K | 353.00K | 446.00K | -436.00K | -194.00K | 98.00K |
| Selling, General & Admin | 1.20M | 2.31M | 4.20M | 4.33M | 8.57M | 13.36M |
| Research & Development | 13.00K | 17.00K | 229.00K | 326.00K | ||
| Operating Expenses | 1.21M | 2.31M | 4.20M | 4.34M | 8.80M | 13.69M |
| Operating Income | -994.00K | -1.95M | -3.76M | -4.78M | -9.00M | -13.59M |
| Interest & Investment Income | 160.00K | 189.00K | 298.00K | 298.00K | 116.00K | 4.00K |
| Other Non Operating Income (Expenses) | -6.00K | 68.00K | 161.00K | 1.80M | 11.11M | |
| EBT Excluding Unusual Items | -834.00K | -1.77M | -3.39M | -4.32M | -7.08M | -2.47M |
| Gain (Loss) on Sale of Investments | -2.00K | -433.00K | -596.00K | -38.00K | ||
| Gain (Loss) on Sale of Assets | 23.00K | 10.00K | ||||
| Asset Writedown | -1.23M | -2.12M | ||||
| Pretax Income | -834.00K | -1.77M | -3.37M | -5.98M | -9.79M | -2.51M |
| Income Tax Expense | -6.00K | 1.00K | 399.00K | -2.00K | -3.00K | 177.00K |
| Earnings From Continuing Operations | -828.00K | -1.77M | -3.77M | -5.97M | -9.79M | -2.69M |
| Net Income to Company | -828.00K | -1.77M | -3.77M | -5.97M | -9.79M | -2.69M |
| Minority Interest in Earnings | 2.00K | 1.00K | 8.00K | -66.00K | ||
| Net Income | -826.00K | -1.77M | -3.76M | -5.97M | -9.79M | -2.75M |
| Net Income to Common | -826.00K | -1.77M | -3.76M | -5.97M | -9.79M | -2.75M |
| Shares Outstanding (Basic) | 3.20M | 2.66M | 2.02M | 1.92M | 1.78M | 1.65M |
| Shares Outstanding (Diluted) | 3.20M | 2.66M | 2.02M | 1.92M | 1.78M | 1.65M |
| EPS (Basic) | -0.26 | -0.67 | -1.86 | -3.11 | -5.49 | -1.66 |
| EPS (Diluted) | -0.26 | -0.67 | -1.86 | -3.11 | -5.49 | -1.66 |
| Free Cash Flow | -1.03M | -994.00K | -2.06M | -2.09M | -3.19M | -9.17M |
| Free Cash Flow Per Share | -0.32 | -0.37 | -1.02 | -1.09 | -1.79 | -5.54 |
| Gross Margin | 6.38% | 7.65% | 2.89% | -1.43% | -0.74% | 0.21% |
| Operating Margin | -28.82% | -42.33% | -24.33% | -15.63% | -34.29% | -28.72% |
| Profit Margin | -23.95% | -38.36% | -24.36% | -19.53% | -37.32% | -5.82% |
| Free Cash Flow Margin | -29.86% | -21.54% | -13.35% | -6.84% | -12.16% | -19.38% |
| EBITDA | -721.00K | -1.72M | -2.82M | -3.49M | -6.78M | -12.96M |
| EBITDA Margin | -20.91% | -37.30% | -18.26% | -11.42% | -25.85% | -27.38% |
| D&A For EBITDA | 273.00K | 232.00K | 938.00K | 1.29M | 2.21M | 632.00K |
| EBIT | -994.00K | -1.95M | -3.76M | -4.78M | -9.00M | -13.59M |
| EBIT Margin | -28.82% | -42.33% | -24.33% | -15.63% | -34.29% | -28.71% |
| Revenue as Reported | 47.33M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 611.00K | 970.00K | 812.00K | 817.00K | 4.39M | 7.17M |
| Cash & Short-Term Investments | 611.00K | 970.00K | 812.00K | 817.00K | 4.39M | 7.17M |
| Accounts Receivable | 569.00K | 545.00K | 1.61M | 844.00K | 1.75M | 3.50M |
| Other Receivables | 179.00K | 160.00K | 138.00K | 250.00K | ||
| Receivables | 1.41M | 1.37M | 3.85M | 3.63M | 1.75M | 3.53M |
| Prepaid Expenses | 4.70M | 4.26M | 3.00M | 3.14M | 3.04M | 5.18M |
| Other Current Assets | 1.06M | 960.00K | 1.52M | 1.37M | 3.14M | 4.03M |
| Total Current Assets | 7.78M | 7.56M | 9.17M | 8.96M | 12.31M | 19.92M |
| Property, Plant & Equipment | 152.00K | 190.00K | 116.00K | 237.00K | 2.01M | 2.39M |
| Long-Term Investments | 1.12M | 1.12M | 397.00K | 794.00K | 1.60M | 2.28M |
| Other Intangible Assets | 399.00K | 515.00K | 841.00K | 3.26M | 7.52M | |
| Long-Term Deferred Tax Assets | 401.00K | 406.00K | 441.00K | |||
| Other Long-Term Assets | 300.00K | 300.00K | 69.00K | 75.00K | ||
| Total Assets | 9.75M | 9.68M | 9.69M | 11.23M | 19.66M | 32.63M |
| Accounts Payable | 683.00K | 169.00K | 93.00K | 201.00K | 205.00K | 1.12M |
| Accrued Expenses | 1.50M | 1.79M | 1.80M | 1.71M | 1.83M | 1.96M |
| Short-Term Debt | 662.00K | 470.00K | 120.00K | |||
| Current Portion of Leases | 25.00K | 49.00K | 24.00K | 347.00K | 202.00K | |
| Current Income Taxes Payable | 2.04M | 1.97M | 1.91M | 1.93M | 1.96M | 2.12M |
| Current Unearned Revenue | 476.00K | 522.00K | 489.00K | 843.00K | 739.00K | 1.25M |
| Other Current Liabilities | 96.00K | 1.44M | 144.00K | 622.00K | 2.18M | |
| Total Current Liabilities | 5.38M | 5.07M | 5.85M | 4.86M | 5.70M | 8.82M |
| Long-Term Debt | 128.00K | 125.00K | 122.00K | 124.00K | 126.00K | 137.00K |
| Long-Term Leases | 1.53M | 1.91M | ||||
| Long-Term Deferred Tax Liabilities | 60.00K | 78.00K | ||||
| Total Liabilities | 5.57M | 5.28M | 5.97M | 4.98M | 7.36M | 10.87M |
| Common Stock | 4.00K | 3.00K | 2.00K | 2.00K | 7.00K | 7.00K |
| Additional Paid-In Capital | 65.65M | 65.35M | 63.10M | 62.07M | 62.02M | 61.81M |
| Retained Earnings | -62.85M | -62.62M | -60.85M | -57.09M | -50.93M | -41.14M |
| Comprehensive Income & Other | 1.31M | 1.62M | 1.41M | 1.27M | 1.20M | 1.08M |
| Total Common Equity | 4.12M | 4.34M | 3.66M | 6.25M | 12.30M | 21.77M |
| Minority Interest | 62.00K | 60.00K | 60.00K | |||
| Shareholders' Equity | 4.18M | 4.40M | 3.72M | 6.25M | 12.30M | 21.77M |
| Total Liabilities & Equity | 9.75M | 9.68M | 9.69M | 11.23M | 19.66M | 32.63M |
| Total Debt | 815.00K | 644.00K | 242.00K | 148.00K | 2.01M | 2.25M |
| Net Cash (Debt) | -204.00K | 326.00K | 570.00K | 669.00K | 2.38M | 4.93M |
| Net Cash Per Share | -0.06 | 0.12 | 0.28 | 0.35 | 1.34 | 2.98 |
| Filing Date Shares Outstanding | 3.67M | 3.27M | 2.30M | 1.80M | 1.79M | 1.77M |
| Total Common Shares Outstanding | 3.67M | 3.27M | 2.30M | 1.80M | 1.79M | 1.77M |
| Working Capital | 2.40M | 2.48M | 3.33M | 4.11M | 6.61M | 11.10M |
| Book Value Per Share | 1.12 | 1.33 | 1.59 | 3.47 | 6.86 | 12.32 |
| Tangible Book Value | 3.72M | 3.83M | 3.66M | 5.41M | 9.03M | 14.24M |
| Tangible Book Value Per Share | 1.01 | 1.17 | 1.59 | 3.01 | 5.04 | 8.06 |
| Machinery | 1.97M | 1.91M | 1.84M | 1.94M | 2.29M | 2.51M |
| Leasehold Improvements | 39.00K | 39.00K | 182.00K | 185.00K | 202.00K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -826.00K | -1.77M | -3.76M | -5.97M | -9.79M | -2.75M |
| Depreciation & Amortization | 319.00K | 278.00K | 960.00K | 1.65M | 2.56M | 839.00K |
| Loss (Gain) From Sale of Assets | -20.00K | -4.00K | ||||
| Asset Writedown & Restructuring Costs | 1.23M | 2.12M | ||||
| Loss (Gain) From Sale of Investments | 2.00K | 433.00K | 596.00K | 38.00K | ||
| Stock-Based Compensation | 301.00K | 346.00K | 684.00K | 107.00K | 186.00K | 7.03M |
| Provision & Write-off of Bad Debts | -170.00K | 693.00K | 846.00K | 1.03M | 2.39M | |
| Other Operating Activities | -198.00K | -219.00K | -6.00K | -625.00K | -1.97M | -10.56M |
| Change in Accounts Receivable | -112.00K | 852.00K | -1.67M | 593.00K | -276.00K | -986.00K |
| Change in Accounts Payable | 569.00K | 74.00K | -106.00K | -1.00K | -848.00K | 495.00K |
| Change in Income Taxes | 30.00K | 30.00K | 2.00K | -4.00K | -6.00K | 29.00K |
| Change in Other Net Operating Assets | -698.00K | -1.21M | 1.01M | -453.00K | 1.85M | -2.96M |
| Operating Cash Flow | -1.03M | -929.00K | -2.06M | -2.01M | -3.19M | -8.84M |
| Capital Expenditures | -65.00K | -3.00K | -81.00K | -334.00K | ||
| Sale of Property, Plant & Equipment | 14.00K | |||||
| Cash Acquisitions | 9.00K | |||||
| Divestitures | -6.00K | -8.00K | ||||
| Sale (Purchase) of Intangibles | -300.00K | -900.00K | -151.00K | -1.16M | ||
| Investment in Securities | -300.00K | -300.00K | 145.00K | 362.00K | -2.26M | |
| Other Investing Activities | 1.01M | -1.50M | ||||
| Investing Cash Flow | -549.00K | -144.00K | 895.00K | -1.54M | 552.00K | -5.47M |
| Issuance of Common Stock | 1.28M | 1.28M | 18.71M | |||
| Other Financing Activities | -795.00K | -45.00K | 1.15M | -1.60M | ||
| Financing Cash Flow | 483.00K | 1.23M | 1.15M | 17.11M | ||
| Foreign Exchange Rate Adjustments | 1.00K | -2.00K | 13.00K | -25.00K | -145.00K | 70.00K |
| Net Cash Flow | -1.09M | 158.00K | -5.00K | -3.57M | -2.78M | 2.88M |
| Free Cash Flow | -1.03M | -994.00K | -2.06M | -2.09M | -3.19M | -9.17M |
| Free Cash Flow Margin | -29.86% | -21.54% | -13.35% | -6.84% | -12.16% | -19.38% |
| Free Cash Flow Per Share | -0.32 | -0.37 | -1.02 | -1.09 | -1.79 | -5.54 |
| Levered Free Cash Flow | -1.89M | -959.62K | -181.12K | -2.05M | -1.32M | -5.66M |
| Unlevered Free Cash Flow | -1.89M | -959.62K | -181.12K | -2.05M | -1.32M | -5.66M |
| Change in Working Capital | -456.00K | -257.00K | -763.00K | 135.00K | 717.00K | -3.43M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 3.16M | 4.45M | 3.92M | 5.98M | 16.48M | 35.33M |
| Enterprise Value | 3.36M | 2.93M | 2.98M | 6.33M | 16.40M | 28.79M |
| Last Close Price | 0.86 | 1.36 | 1.80 | 3.32 | 9.20 | 20.00 |
| PS Ratio | 0.92 | 0.96 | 0.25 | 0.20 | 0.63 | 0.75 |
| PB Ratio | 0.77 | 1.01 | 1.05 | 0.96 | 1.34 | 1.62 |
| P/TBV Ratio | 0.85 | 1.16 | 1.07 | 1.10 | 1.82 | 2.48 |
| EV/Sales Ratio | 0.98 | 0.64 | 0.19 | 0.21 | 0.62 | 0.61 |
| Debt / Equity Ratio | 0.20 | 0.15 | 0.07 | 0.02 | 0.16 | 0.10 |
| Net Debt / Equity Ratio | 0.05 | -0.07 | -0.15 | -0.11 | -0.19 | -0.23 |
| Net Debt / EBITDA Ratio | -0.28 | 0.19 | 0.20 | 0.19 | 0.35 | 0.38 |
| Net Debt / FCF Ratio | -0.20 | 0.33 | 0.28 | 0.32 | 0.75 | 0.54 |
| Asset Turnover | 0.36 | 0.48 | 1.48 | 1.98 | 1.00 | 1.78 |
| Quick Ratio | 0.25 | 0.33 | 0.44 | 0.39 | 1.08 | 1.21 |
| Current Ratio | 1.45 | 1.49 | 1.57 | 1.85 | 2.16 | 2.26 |
| Return on Equity (ROE) | -21.36% | -43.61% | -75.59% | -64.41% | -57.49% | -15.70% |
| Return on Assets (ROA) | -6.54% | -12.61% | -22.45% | -19.35% | -21.50% | -31.87% |
| Return on Capital Employed (ROCE) | -22.80% | -42.40% | -97.80% | -75.00% | -64.50% | -57.10% |
| Earnings Yield | -30.00% | -39.82% | -96.01% | -99.90% | -59.41% | -7.79% |
| FCF Yield | -32.59% | -22.36% | -52.61% | -35.00% | -19.35% | -25.96% |
| Buyback Yield / Dilution | -43.34% | -31.39% | -5.08% | -7.83% | -7.82% | -53.20% |