CNET - ZW Data Action Technologies GAAP EPS of -$1.37 revenue of $26.24M

2023-04-17 18:01:38 ET

• ZW Data Action Technologies press release ( NASDAQ: CNET ): FY GAAP EPS of -$1.37.
• Revenue of $26.24M (-44.6% Y/Y).
• Total other income was $1.33 million for the full year of 2022, compared to $11.08 million for the last year.
• As of December 31, 2022, the Company had cash and cash equivalents of $4.39 million, compared to $7.17 million as of December 31, 2021.
• Net cash used in operating activities was $3.19 million for the full year of 2022, compared to $8.84 million for the last year.
• Company filed a Certificate of Amendment to our Articles of Incorporation with the Secretary of State of the State of Nevada to effect a one-for-five (1-for-5) reverse stock split of our Common Stock pursuant to Nevada Revised Statutes (“NRS”) Section 78.209 (the “Reverse Stock Split”), which became effective on January 18, 2023.

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