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Side-by-side financial comparison of ZW Data Action Technologies Inc. (CNET) and Laser Photonics Corp (LASE). Click either name above to swap in a different company.
ZW Data Action Technologies Inc. is the larger business by last-quarter revenue ($1.7M vs $919.3K, roughly 1.9× Laser Photonics Corp). ZW Data Action Technologies Inc. runs the higher net margin — -6.3% vs -506.4%, a 500.1% gap on every dollar of revenue. On growth, Laser Photonics Corp posted the faster year-over-year revenue change (28.3% vs -47.0%). Over the past eight quarters, Laser Photonics Corp's revenue compounded faster (-3.9% 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.
IPG Photonics Corporation is a manufacturer of fiber lasers. IPG Photonics developed and commercialized optical fiber lasers, which are used in a variety of applications including materials processing, medical applications and telecommunications. IPG has manufacturing facilities in the United States, Germany, Russia and Italy.
CNET vs LASE — Head-to-Head
Income Statement — Q3 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.7M | $919.3K |
| Net Profit | $-108.0K | $-4.7M |
| Gross Margin | 5.7% | -20.1% |
| Operating Margin | -8.9% | -350.0% |
| Net Margin | -6.3% | -506.4% |
| Revenue YoY | -47.0% | 28.3% |
| Net Profit YoY | 94.4% | -186.5% |
| EPS (diluted) | — | $-0.27 |
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.
| Q3 25 | $1.7M | $919.3K | ||
| Q2 25 | — | $2.6M | ||
| Q1 25 | $1.7M | $2.3M | ||
| Q4 24 | $2.2M | $1.3M | ||
| Q3 24 | $3.2M | $716.7K | ||
| Q2 24 | $6.4M | $623.4K | ||
| Q1 24 | $3.5M | $743.0K | ||
| Q4 23 | $5.3M | $994.6K |
| Q3 25 | $-108.0K | $-4.7M | ||
| Q2 25 | — | $-1.8M | ||
| Q1 25 | $-531.0K | $-1.7M | ||
| Q4 24 | $-781.0K | $586.4K | ||
| Q3 24 | $-1.9M | $-1.6M | ||
| Q2 24 | $-216.0K | $-934.3K | ||
| Q1 24 | $-850.0K | $-545.7K | ||
| Q4 23 | $-1.9M | $-486.6K |
| Q3 25 | 5.7% | -20.1% | ||
| Q2 25 | — | 53.5% | ||
| Q1 25 | 9.7% | 49.8% | ||
| Q4 24 | -0.4% | 13.3% | ||
| Q3 24 | 1.7% | 85.0% | ||
| Q2 24 | 5.1% | 50.6% | ||
| Q1 24 | 2.0% | 51.9% | ||
| Q4 23 | -0.1% | 84.5% |
| Q3 25 | -8.9% | -350.0% | ||
| Q2 25 | — | -37.0% | ||
| Q1 25 | -35.0% | -68.7% | ||
| Q4 24 | -24.1% | -255.1% | ||
| Q3 24 | -61.5% | -238.0% | ||
| Q2 24 | -4.7% | -149.4% | ||
| Q1 24 | -26.1% | -73.8% | ||
| Q4 23 | -33.4% | -88.4% |
| Q3 25 | -6.3% | -506.4% | ||
| Q2 25 | — | -68.3% | ||
| Q1 25 | -32.1% | -73.4% | ||
| Q4 24 | -34.7% | 45.7% | ||
| Q3 24 | -59.1% | -226.8% | ||
| Q2 24 | -3.4% | -149.9% | ||
| Q1 24 | -24.1% | -73.4% | ||
| Q4 23 | -36.2% | -48.9% |
| Q3 25 | — | $-0.27 | ||
| Q2 25 | — | $-0.12 | ||
| Q1 25 | — | $-0.12 | ||
| Q4 24 | — | $0.06 | ||
| Q3 24 | — | $-0.13 | ||
| Q2 24 | — | $-0.09 | ||
| Q1 24 | — | $-0.06 | ||
| Q4 23 | — | $-0.03 |
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 | $3.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.3M | $4.1M |
| Total Assets | $9.7M | $17.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | $1.8M | $3.6M | ||
| Q2 25 | — | $78.5K | ||
| Q1 25 | $807.0K | $179.1K | ||
| Q4 24 | $812.0K | $533.9K | ||
| Q3 24 | $1.1M | $2.1M | ||
| Q2 24 | $510.0K | $2.7M | ||
| Q1 24 | $467.0K | $5.2M | ||
| Q4 23 | $817.0K | $6.2M |
| Q3 25 | $3.3M | $4.1M | ||
| Q2 25 | — | $4.3M | ||
| Q1 25 | $3.1M | $6.8M | ||
| Q4 24 | $3.7M | $10.2M | ||
| Q3 24 | $4.8M | $9.7M | ||
| Q2 24 | $5.2M | $10.3M | ||
| Q1 24 | $5.4M | $12.4M | ||
| Q4 23 | $6.3M | $13.9M |
| Q3 25 | $9.7M | $17.5M | ||
| Q2 25 | — | $14.9M | ||
| Q1 25 | $9.5M | $16.0M | ||
| Q4 24 | $9.7M | $17.2M | ||
| Q3 24 | $11.0M | $10.6M | ||
| Q2 24 | $10.8M | $11.1M | ||
| Q1 24 | $11.4M | $13.6M | ||
| Q4 23 | $11.2M | $15.1M |
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 | $763.1K |
| 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.
| Q3 25 | $-482.0K | $763.1K | ||
| Q2 25 | — | $-1.0M | ||
| Q1 25 | $-984.0K | $-1.2M | ||
| Q4 24 | $-830.0K | $-6.5M | ||
| Q3 24 | $-198.0K | $632.7K | ||
| Q2 24 | $-677.0K | $-2.4M | ||
| Q1 24 | $-353.0K | $-866.3K | ||
| Q4 23 | $-476.0K | $-2.0M |
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $-1.0M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $589.6K | ||
| Q2 24 | — | $-2.4M | ||
| Q1 24 | — | $-1.0M | ||
| Q4 23 | — | — |
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -61.8% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 82.3% | ||
| Q2 24 | — | -388.0% | ||
| Q1 24 | — | -136.9% | ||
| Q4 23 | — | — |
| Q3 25 | 0.0% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 2.2% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.0% | 6.0% | ||
| Q2 24 | — | 5.1% | ||
| Q1 24 | — | 20.3% | ||
| Q4 23 | — | — |
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -11.11× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | — | — |
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% |
LASE
Segment breakdown not available.
