ZW Data Action Technologies Inc. (CNET) Financial Statements (2023 and Earlier)
Company Profile
| Business Address |
NO.3 MIN ZHUANG ROAD, BUILDING 6, HAIDIAN DISTRICT, BEIJING,, 100195 |
| State of Incorp. | NV |
| Fiscal Year End | December 31 |
| Industry (SIC) | 737 - Computer Programming, Data Processing, And Other Computer Related Services (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2021 TTM | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 4,297 | 1,603 | 3,742 | 2,952 | 3,035 | 5,503 | |||
| Cash and cash equivalents | 4,297 | 1,603 | 3,742 | 2,952 | 3,035 | 5,503 | |||
| Receivables | 3,930 | 3,352 | 6,604 | 9,875 | 3,624 | 4,500 | |||
| Disposal group, including discontinued operation | 1,882 | ||||||||
| Deferred tax assets | ✕ | ✕ | ✕ | 1,522 | |||||
| Other current assets | 1,462 | 11 | 6 | 45 | |||||
| Other undisclosed current assets | 3,195 | 6,969 | 2,154 | 4,073 | 6,288 | 9,108 | |||
| Total current assets: | 12,884 | 11,935 | 12,500 | 16,900 | 14,475 | 21,038 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 48 | 12 | ✕ | ✕ | ✕ | ✕ | |||
| Property, plant and equipment | 60 | 78 | 142 | 299 | 471 | 681 | |||
| Long-term investments and receivables | 67 | 35 | 918 | 1,340 | 1,133 | ||||
| Long-term investments | 67 | 35 | 918 | 1,340 | 1,133 | ||||
| Intangible assets, net (including goodwill) | 2,557 | 1,899 | 45 | 9,085 | 12,234 | 10,034 | |||
| Goodwill | 5,277 | 4,970 | 4,396 | ||||||
| Intangible assets, net (excluding goodwill) | 2,557 | 1,899 | 45 | 3,808 | 7,264 | 5,638 | |||
| Prepaid expense | 39 | ||||||||
| Deferred income tax assets | 606 | 713 | ✕ | ✕ | ✕ | ✕ | |||
| Deferred tax assets, net | ✕ | ✕ | ✕ | 556 | 1,358 | 1,550 | |||
| Other undisclosed noncurrent assets | 4,406 | 3,879 | 3,725 | 1,522 | 1,024 | ||||
| Total noncurrent assets: | 7,783 | 6,616 | 4,468 | 11,660 | 15,567 | 14,422 | |||
| TOTAL ASSETS: | 20,667 | 18,551 | 16,968 | 28,560 | 30,042 | 35,460 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 4,038 | 3,622 | 5,866 | 6,019 | 3,012 | 3,281 | |||
| Accounts payable | 608 | 408 | 2,869 | 2,851 | 102 | 95 | |||
| Taxes payable | 3,430 | 3,214 | 2,997 | 3,168 | 2,910 | 3,186 | |||
| Deferred revenue | 1,436 | 2,006 | ✕ | ✕ | ✕ | ✕ | |||
| Debt | 430 | 874 | 765 | 721 | |||||
| Derivative instruments and hedges, liabilities | 1,505 | 107 | |||||||
| Disposal group, including discontinued operation | 913 | ||||||||
| Customer advances and deposits | ✕ | ✕ | ✕ | ✕ | 3,559 | 1,420 | 1,313 | ||
| Contract with customer, liability | ✕ | ✕ | ✕ | 1,061 | ✕ | ✕ | ✕ | ||
| Other liabilities | 333 | 221 | 118 | 687 | 487 | 234 | |||
| Other undisclosed current liabilities | 710 | 627 | 521 | 1,933 | 1,980 | 1,629 | |||
| Total current liabilities: | 8,022 | 7,013 | 8,440 | 12,963 | 7,620 | 7,370 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 32 | ||||||||
| Operating lease, liability | 32 | ✕ | ✕ | ✕ | ✕ | ||||
| Liabilities, other than long-term debt | 134 | 125 | 734 | 134 | 126 | 253 | |||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | 118 | |||||
| Due to related parties | 134 | 125 | 128 | 134 | 126 | 135 | |||
| Derivative instruments and hedges, liabilities | 606 | ||||||||
| Total noncurrent liabilities: | 166 | 125 | 734 | 134 | 126 | 253 | |||
| Total liabilities: | 8,188 | 7,138 | 9,174 | 13,097 | 7,746 | 7,623 | |||
| Commitments and contingencies | 129 | ||||||||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | 12,545 | 11,470 | 7,843 | 15,286 | 22,242 | 27,333 | |||
| Common stock | 26 | 20 | 16 | 14 | 12 | 30 | |||
| Additional paid in capital | 49,772 | 43,111 | 38,275 | 31,554 | 29,285 | 26,510 | |||
| Accumulated other comprehensive income | 1,129 | 1,505 | 1,457 | 1,598 | 700 | 2,056 | |||
| Accumulated deficit | (40,980) | (35,773) | (34,512) | (20,487) | (10,362) | (3,870) | |||
| Warrants and rights outstanding | 1,505 | 107 | 606 | ||||||
| Other undisclosed stockholders' equity attributable to parent | 1,093 | 2,500 | 2,001 | 2,607 | 2,607 | 2,607 | |||
| Stockholders' equity attributable to noncontrolling interest | (66) | (57) | (49) | 177 | 54 | 375 | |||
| Total stockholders' equity: | 12,479 | 11,413 | 7,794 | 15,463 | 22,296 | 27,708 | |||
| TOTAL LIABILITIES AND EQUITY: | 20,667 | 18,551 | 16,968 | 28,560 | 30,042 | 35,460 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2021 TTM | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 38,408 | 58,080 | 57,146 | 46,633 | 34,750 | 31,522 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 46,633 | 34,750 | 32,265 | |
| Cost of revenue (Cost of Goods and Services Sold) | (37,776) | (52,582) | (54,728) | (42,020) | (26,999) | (24,655) | ||
| Other undisclosed gross profit | 743 | |||||||
| Gross profit: | 632 | 5,498 | 2,418 | 4,613 | 7,751 | 7,610 | ||
| Operating expenses | (6,333) | (7,186) | (16,930) | (14,055) | (13,899) | (16,926) | ||
| Operating loss: | (5,701) | (1,688) | (14,512) | (9,442) | (6,148) | (9,316) | ||
| Nonoperating income (expense) | 623 | 467 | 1,149 | (318) | (35) | 104 | ||
| Investment income, nonoperating | 40 | 90 | 117 | |||||
| Other nonoperating income (expense) | (31) | 3 | (30) | (211) | (112) | 34 | ||
| Interest and debt expense | (35) | (37) | (147) | (13) | (47) | |||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 35 | 37 | 147 | 13 | 47 | |||
| Loss from continuing operations before equity method investments, income taxes: | (5,078) | (1,221) | (13,363) | (9,760) | (6,183) | (9,212) | ||
| Loss from equity method investments | (2) | |||||||
| Loss from continuing operations before income taxes: | (5,078) | (1,221) | (13,363) | (9,760) | (6,183) | (9,214) | ||
| Income tax expense (benefit) | (143) | (49) | (764) | (251) | (102) | 1,496 | ||
| Loss from continuing operations: | (5,221) | (1,270) | (14,127) | (10,011) | (6,285) | (7,718) | ||
| Loss from discontinued operations | (59) | (1,465) | ||||||
| Net loss: | (5,221) | (1,270) | (14,127) | (10,011) | (6,344) | (9,183) | ||
| Net income attributable to noncontrolling interest | 5 | |||||||
| Other undisclosed net income (loss) attributable to parent | 9 | 102 | (114) | (148) | 91 | |||
| Net loss available to common stockholders, basic: | (5,216) | (1,261) | (14,025) | (10,125) | (6,492) | (9,092) | ||
| Other undisclosed net income available to common stockholders, diluted | 59 | 1,465 | ||||||
| Net loss available to common stockholders, diluted: | (5,216) | (1,261) | (14,025) | (10,125) | (6,433) | (7,627) | ||
Comprehensive Income ($ in thousands)
| 9/30/2021 TTM | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (5,221) | (1,270) | (14,127) | (10,011) | (6,344) | (9,183) | ||
| Other undisclosed comprehensive income (loss) | (380) | 49 | (135) | 907 | (1,377) | (1,594) | ||
| Comprehensive loss: | (5,601) | (1,221) | (14,262) | (9,104) | (7,721) | (10,777) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 9 | 8 | 96 | (123) | (127) | 116 | ||
| Comprehensive loss, net of tax, attributable to parent: | (5,592) | (1,213) | (14,166) | (9,227) | (7,848) | (10,661) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.