# ZW Data Action Technologies Inc. (CNET)

> Source: Nexqual · https://nexqual.com/CNET · data as of 2026-10-23 20:00 UTC · cite as "Nexqual, ZW Data Action Technologies Inc. (CNET), nexqual.com/CNET" · informational, not investment advice.

**Price:** USD 1.07 (-2.73% on the day) · last close of Oct 23, 2026; US market closed, not a live price. Prev close 1.1 · day 1.02–1.18 · 52w 0.57–2.87 · market cap $3.9M · NCM

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $3.4M, net income -$826K (-23.9% margin), free cash flow -$1.0M (SEC filings).
- Analysts: None.
- Total return with dividends: 1Y -46.0% vs S&P 500 +13.4%; 5Y -96.3% vs S&P 500 +76.9%.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $47.3M | $26.2M | $30.6M | $15.4M | $4.6M | $3.4M |
| Gross profit | $98K | -$194K | -$436K | $446K | $353K | — |
| Operating income | -$13.6M | -$11.1M | -$6.0M | -$3.8M | -$2.0M | -$994K |
| Net income | -$2.8M | -$9.8M | -$6.0M | -$3.8M | -$1.8M | -$826K |
| EPS (diluted) | -$1.60 | — | — | — | — | — |
| Free cash flow | -$9.2M | -$3.2M | -$2.1M | -$2.1M | -$994K | -$1.0M |
| Gross margin | 0.2% | -0.7% | -1.4% | 2.9% | 7.7% | — |
| Operating margin | -28.7% | -42.4% | -19.7% | -24.3% | -42.3% | -28.8% |
| Net margin | -5.8% | -37.3% | -19.5% | -24.4% | -38.4% | -23.9% |
| Revenue growth | +23.2% | -44.6% | +16.6% | -49.5% | -70.1% | — |
| Cash + short-term investments | $7.2M | $4.4M | $817K | $812K | $970K | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/S 1.1x · P/B 0.9x · FCF yield -26.24% · Earnings yield -21.04%

## Analysts
Consensus None.

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-24) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | -46.0% | -96.3% |
| S&P 500 (SPY) | +13.4% | +76.9% |
| Per year | -46.1% | -48.2% |
| Volatility (annualized) | 127.1% | 96.8% |
| Max drawdown | -70.0% (Nov 2025→May 2026) | -97.8% (Nov 2021→May 2026) |

## Peers (Advertising Agencies)
PERI (Perion Network Ltd) USD 8.66 -1.03% · ADV (Advantage Solutions Inc.) USD 30.28 -0.20% · NEXN (Nexxen International Ltd.) USD 8.88 -1.88% · EVC (Entravision Communications Corp) USD 6.23 -0.48% · CRTO (Criteo S.A.) USD 14.88 +0.07% · QNST (QuinStreet, Inc.) USD 16.52 -2.13%

## More
Full page: https://nexqual.com/CNET · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Revenue by business segment (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY | Operating income | Op. margin |
|---|---|---|---|---|---|
| Internet Ad | $542,000 | 83.1% | +15.6% | $130,000 | 24.0% |
| AI Service | $57,000 | 8.7% | — | $11,000 | 19.3% |
| IP Services | $53,000 | 8.1% | -32.9% | -$6,000 | -11.3% |
| Corporate costs (not allocated) | — | — | — | -$516,000 | — |
| Total revenue | $652,000 | 100% | — | -$381,000 | -58.4% |

## Revenue by product line (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Online Advertising Placement | $542,000 | 83.1% | +15.6% |
| Blockchainbased Saas Services | $57,000 | 8.7% | — |
| IP Services | $53,000 | 8.1% | -32.9% |
| Total revenue | $652,000 | 100% | — |

## Customer concentration

Period ended 2026-06-30: 83% of revenue from unnamed direct customers (10-Q, filed 2026-08-14).

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter | — | — | — | $0 | — |
| Next quarter (ends 2012-03-31) | — | — | — | $0 | — |
| Current fiscal year (ends 2011-12-31) | — | — | — | $0 | — |
| Next fiscal year | — | — | — | $0 | — |