ZW Data Action Technologies Inc. CNET
We are a holding company that conducts our businesses through our subsidiaries outside of mainland China, PRC subsidiaries and operating entities (the "VIEs"). We primarily operate a one-stop services for our clients on our Omni-channel advertising, precision marketing, influencer marketing and data analysis management system. We also develop blockchain enabled web/mobile applications and provide software solutions, i.e., Software-as-a-Service ("SaaS") services for clients. In addition, we provide intellectual property licensing services.
distributing the right to use search engine marketing service we purchased from key search engines to increase the sales lead conversion rate for our clients' business promotion on both mobile and computer searches;
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.6M | $15.4M | $30.6M | $26.2M | $47.3M | $38.4M | $58.1M | $57.1M | $46.6M | $34.8M |
| Cost of revenue | $4.3M | $15.0M | $31.0M | $26.4M | $47.2M | $37.8M | $52.6M | $54.7M | $42.0M | $27.0M |
| Gross profit | $353.0K | $446.0K | -$436.0K | -$194.0K | $98.0K | $632.0K | $5.5M | $2.4M | $4.6M | $7.8M |
| R&D | $0 | $0 | $17.0K | $229.0K | $326.0K | $539.0K | $869.0K | $933.0K | $1.3M | $2.0M |
| SG&A | $2.3M | $4.0M | $4.1M | $8.3M | $12.6M | $5.4M | $5.8M | $5.5M | $7.5M | $7.7M |
| Total operating expenses | $2.3M | $4.2M | $5.6M | $10.9M | $13.7M | $6.3M | $7.2M | $16.9M | $14.0M | $13.9M |
| Operating income | -$2.0M | -$3.8M | -$6.0M | -$11.1M | -$13.6M | -$5.7M | -$1.7M | -$14.5M | -$9.4M | -$6.1M |
| Interest expense | — | — | — | — | — | — | $35.0K | $37.0K | $107.0K | $13.0K |
| Pre-tax income | -$1.8M | -$3.4M | -$6.0M | -$9.8M | -$2.5M | -$5.1M | -$1.2M | -$13.4M | -$9.8M | -$6.2M |
| Income tax | $1.0K | $399.0K | $2.0K | $3.0K | $177.0K | $143.0K | $49.0K | $764.0K | $251.0K | $102.0K |
| Net income | -$1.8M | -$3.8M | -$6.0M | -$9.8M | -$2.8M | -$5.2M | -$1.3M | -$14.0M | -$10.1M | -$6.5M |
| EPS, basic | -0.67 | -1.86 | -3.11 | -1.37 | -0.42 | — | — | — | — | — |
| EPS, diluted | — | — | — | — | -0.08 | -0.24 | -0.07 | -0.88 | -0.84 | — |
| Shares, diluted (wtd. avg.) | $2.7M | $2.0M | $1.9M | $7.1M | $6.6M | — | — | — | $12.1M | $11.4M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $970.0K | $812.0K | $817.0K | $4.4M | $7.2M | $4.3M | $1.6M | $3.7M | $3.0K | $3.0M |
| Receivables | $545.0K | $1.6M | $844.0K | $1.7M | $3.4M | $2.4M | $3.3M | $6.4M | $7.2M | $3.3M |
| Total current assets | $7.6M | $9.2M | $9.0M | $12.3M | $19.9M | $12.9M | $11.9M | $12.5M | $16.9M | $14.5M |
| Property, plant and equipment | $142.0K | $116.0K | $215.0K | $249.0K | $375.0K | $60.0K | $78.0K | $142.0K | $299.0K | $471.0K |
| Goodwill | — | — | — | — | — | — | — | — | $5.3M | $5.0M |
| Other intangibles | $515.0K | $0 | $841.0K | $3.3M | $7.5M | $2.6M | $1.9M | $45.0K | $3.8M | $7.3M |
| Total assets | $9.7M | $9.7M | $11.2M | $19.7M | $32.6M | $20.7M | $18.6M | $17.0M | $28.6M | $30.0M |
| Accounts payable | $169.0K | $93.0K | $201.0K | $205.0K | $1.1M | $608.0K | $408.0K | $2.9M | $2.9M | $102.0K |
| Total current liabilities | $5.1M | $5.8M | $4.9M | $5.7M | $8.8M | $8.0M | $7.0M | $9.0M | $13.0M | $7.6M |
| Total liabilities | $5.3M | $6.0M | $5.0M | $7.4M | $10.9M | $8.2M | $7.1M | $9.2M | $13.1M | $7.7M |
| Retained earnings | -$65.2M | -$63.5M | -$59.7M | -$53.5M | -$43.7M | -$41.0M | -$35.8M | -$34.5M | -$20.5M | -$10.4M |
| Total equity | $4.3M | $3.7M | $6.3M | $12.3M | $21.8M | $12.5M | $11.4M | $7.8M | $15.5M | $22.3M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$929.0K | -$2.1M | -$2.0M | -$3.2M | -$8.8M | $326.0K | -$4.3M | -$5.4M | -$1.3M | -$563.0K |
| Depreciation and amortisation | $232.0K | $938.0K | $1.3M | $2.2M | $632.0K | $856.0K | $170.0K | $541.0K | $1.4M | $1.6M |
| Stock-based compensation | $346.0K | $684.0K | $107.0K | $186.0K | $7.0M | $2.2M | $393.0K | $233.0K | $2.3M | $2.3M |
| Capital expenditure | $65.0K | $3.0K | $81.0K | $0 | $334.0K | $0 | — | $11.0K | $4.0K | $148.0K |
| Investing cash flow | -$144.0K | $895.0K | -$1.5M | $552.0K | -$5.5M | -$3.5M | -$2.2M | -$3.0M | -$2.1M | -$2.6M |
| Financing cash flow | $1.2M | $1.1M | $0 | $0 | $17.1M | $5.8M | $4.4M | $9.5M | — | $753.0K |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001171843-26-004254.
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