ZW Data Action Technologies Inc.CNETEarnings & Financial Report
ZW Data Action Technologies Inc., trading under the symbol CNET, is a China-based technology enterprise focused on delivering integrated digital marketing solutions, big data analysis services, and intelligent operation tools for enterprise clients across sectors including e-commerce, consumer goods, and internet services. Its offerings help clients optimize user acquisition efficiency, boost operational performance, and advance digital transformation, primarily serving the Chinese domestic market and select Asia-Pacific clients.
Revenue
$6.4M
Gross Profit
$328.0K
Operating Profit
$-301.0K
Net Profit
$-216.0K
Gross Margin
5.1%
Operating Margin
-4.7%
Net Margin
-3.4%
YoY Growth
-34.6%
EPS
$-0.11
ZW Data Action Technologies Inc. Q2 FY2024 Financial Summary
ZW Data Action Technologies Inc. reported revenue of $6.4M (down 34.6% YoY) for Q2 FY2024, with a net profit of $-216.0K (up 84.6% YoY) (-3.4% margin). Cost of goods sold was $6.1M, operating expenses totaled $629.0K.
Key Financial Metrics
| Total Revenue | $6.4M |
|---|---|
| Net Profit | $-216.0K |
| Gross Margin | 5.1% |
| Operating Margin | -4.7% |
| Report Period | Q2 FY2024 |
Revenue Breakdown
ZW Data Action Technologies Inc. Q2 FY2024 revenue of $6.4M breaks down across 2 segments, led by Search Engine Marketing And Data Service at $5.7M (88.3% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Search Engine Marketing And Data Service | $5.7M | 88.3% |
| Other | $750.0K | 11.7% |
ZW Data Action Technologies Inc. Revenue by Segment — Quarterly Trend
ZW Data Action Technologies Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Search Engine Marketing And Data Service and Other) has evolved quarter over quarter.
| Segment | Q3 FY2025 | Q1 FY2025 | Q4 FY2024 | Q3 FY2024 |
|---|---|---|---|---|
| Search Engine Marketing And Data Service | — | — | — | $3.2M |
| Other | $83.0K | $67.0K | — | — |
ZW Data Action Technologies Inc. Annual Revenue by Year
ZW Data Action Technologies Inc. annual revenue history includes year-by-year totals (for example, 2024 revenue was $15.4M).
| Year | Annual Revenue |
|---|---|
| 2024 | $15.4M |
| 2023 | $30.6M |
| 2022 | $26.2M |
ZW Data Action Technologies Inc. Quarterly Revenue & Net Profit History
ZW Data Action Technologies Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q3 FY2025 | $1.7M | -47.0% | $-108.0K | -6.3% |
| Q1 FY2025 | $1.7M | -53.2% | $-531.0K | -32.1% |
| Q4 FY2024 | $2.2M | -57.3% | $-781.0K | -34.7% |
| Q3 FY2024 | $3.2M | -64.7% | $-1.9M | -59.1% |
| Q2 FY2024 | $6.4M | -34.6% | $-216.0K | -3.4% |
| Q1 FY2024 | $3.5M | -44.1% | $-850.0K | -24.1% |
| Q4 FY2023 | $5.3M | +19.1% | $-1.9M | -36.2% |
| Q3 FY2023 | $9.2M | +27.2% | $-1.5M | -16.6% |
Income Statement
| Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $9.2M | $5.3M | $3.5M | $6.4M | $3.2M | $2.2M | $1.7M | $1.7M |
| YoY Growth | 27.2% | 19.1% | -44.1% | -34.6% | -64.7% | -57.3% | -53.2% | -47.0% |
Balance Sheet
| Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $14.8M | $11.2M | $11.4M | $10.8M | $11.0M | $9.7M | $9.5M | $9.7M |
| Liabilities | $6.5M | $5.0M | $6.0M | $5.5M | $6.1M | $6.0M | $6.4M | $6.2M |
| Equity | $8.2M | $6.3M | $5.4M | $5.2M | $4.8M | $3.7M | $3.1M | $3.3M |
Cash Flow
| Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-674000 | $-476000 | $-353000 | $-677000 | $-198000 | $-830000 | $-984000 | $-482000 |