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Side-by-side financial comparison of ZW Data Action Technologies Inc. (CNET) and INTELLIGENT PROTECTION MANAGEMENT CORP. (IPM). Click either name above to swap in a different company.
INTELLIGENT PROTECTION MANAGEMENT CORP. is the larger business by last-quarter revenue ($6.1M vs $1.7M, roughly 3.6× ZW Data Action Technologies Inc.). On growth, INTELLIGENT PROTECTION MANAGEMENT CORP. posted the faster year-over-year revenue change (2091.6% vs -47.0%). Over the past eight quarters, INTELLIGENT PROTECTION MANAGEMENT CORP.'s revenue compounded faster (54.7% CAGR vs -56.8%).
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.
Intelligent Limited is a Holding Company and Parent company headquartered in Gloucestershire, United Kingdom and was incorporated on 21 May 2008. Intelligent Limited provides a group management structure for four companies and was born out of the operations of International Intelligence Limited, a company specialising in Intelligence, Counter Espionage and TSCM sweeping.
CNET vs IPM — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.7M | $6.1M |
| Net Profit | $-108.0K | — |
| Gross Margin | 5.7% | 53.1% |
| Operating Margin | -8.9% | -13.4% |
| Net Margin | -6.3% | — |
| Revenue YoY | -47.0% | 2091.6% |
| Net Profit YoY | 94.4% | — |
| EPS (diluted) | — | $-0.05 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | — | $6.1M | ||
| Q3 25 | $1.7M | $6.2M | ||
| Q2 25 | — | $5.7M | ||
| Q1 25 | $1.7M | $5.5M | ||
| Q4 24 | $2.2M | — | ||
| Q3 24 | $3.2M | — | ||
| Q2 24 | $6.4M | — | ||
| Q1 24 | $3.5M | — |
| Q4 25 | — | — | ||
| Q3 25 | $-108.0K | $-1.1M | ||
| Q2 25 | — | $-1.1M | ||
| Q1 25 | $-531.0K | $808.5K | ||
| Q4 24 | $-781.0K | — | ||
| Q3 24 | $-1.9M | — | ||
| Q2 24 | $-216.0K | — | ||
| Q1 24 | $-850.0K | — |
| Q4 25 | — | 53.1% | ||
| Q3 25 | 5.7% | 50.7% | ||
| Q2 25 | — | 50.1% | ||
| Q1 25 | 9.7% | 55.3% | ||
| Q4 24 | -0.4% | — | ||
| Q3 24 | 1.7% | — | ||
| Q2 24 | 5.1% | — | ||
| Q1 24 | 2.0% | — |
| Q4 25 | — | -13.4% | ||
| Q3 25 | -8.9% | -23.0% | ||
| Q2 25 | — | -19.7% | ||
| Q1 25 | -35.0% | -24.2% | ||
| Q4 24 | -24.1% | — | ||
| Q3 24 | -61.5% | — | ||
| Q2 24 | -4.7% | — | ||
| Q1 24 | -26.1% | — |
| Q4 25 | — | — | ||
| Q3 25 | -6.3% | -17.4% | ||
| Q2 25 | — | -18.3% | ||
| Q1 25 | -32.1% | 14.7% | ||
| Q4 24 | -34.7% | — | ||
| Q3 24 | -59.1% | — | ||
| Q2 24 | -3.4% | — | ||
| Q1 24 | -24.1% | — |
| Q4 25 | — | $-0.05 | ||
| Q3 25 | — | $-0.08 | ||
| Q2 25 | — | $-0.08 | ||
| Q1 25 | — | $0.06 | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.8M | $5.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.3M | $18.2M |
| Total Assets | $9.7M | $26.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $5.6M | ||
| Q3 25 | $1.8M | $7.3M | ||
| Q2 25 | — | $7.3M | ||
| Q1 25 | $807.0K | $9.7M | ||
| Q4 24 | $812.0K | — | ||
| Q3 24 | $1.1M | — | ||
| Q2 24 | $510.0K | — | ||
| Q1 24 | $467.0K | — |
| Q4 25 | — | $18.2M | ||
| Q3 25 | $3.3M | $18.8M | ||
| Q2 25 | — | $19.9M | ||
| Q1 25 | $3.1M | $21.1M | ||
| Q4 24 | $3.7M | — | ||
| Q3 24 | $4.8M | — | ||
| Q2 24 | $5.2M | — | ||
| Q1 24 | $5.4M | — |
| Q4 25 | — | $26.0M | ||
| Q3 25 | $9.7M | $27.2M | ||
| Q2 25 | — | $29.8M | ||
| Q1 25 | $9.5M | $31.1M | ||
| Q4 24 | $9.7M | — | ||
| Q3 24 | $11.0M | — | ||
| Q2 24 | $10.8M | — | ||
| Q1 24 | $11.4M | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-482.0K | $87.6K |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 0.0% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $87.6K | ||
| Q3 25 | $-482.0K | $133.0K | ||
| Q2 25 | — | $-888.7K | ||
| Q1 25 | $-984.0K | $1.7M | ||
| Q4 24 | $-830.0K | — | ||
| Q3 24 | $-198.0K | — | ||
| Q2 24 | $-677.0K | — | ||
| Q1 24 | $-353.0K | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $-1.0M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -61.8% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | 0.0% | 0.0% | ||
| Q2 25 | — | — | ||
| Q1 25 | 2.2% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 2.16× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CNET
| Online Advertising Placement | $1.6M | 95% |
| Other | $83.0K | 5% |
IPM
| Procurement Revenue | $5.4M | 88% |
| Other | $743.9K | 12% |
