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 4,2971,6033,7422,9523,0355,503
Cash and cash equivalents 4,2971,6033,7422,9523,0355,503
Receivables 3,9303,3526,6049,8753,6244,500
Disposal group, including discontinued operation      1,882
Deferred tax assets  1,522 
Other current assets 1,46211  645
Other undisclosed current assets 3,1956,9692,1544,0736,2889,108
Total current assets: 12,88411,93512,50016,90014,47521,038
Noncurrent Assets
Operating lease, right-of-use asset 4812
Property, plant and equipment 6078142299471681
Long-term investments and receivables 6735 9181,3401,133
Long-term investments 6735 9181,3401,133
Intangible assets, net (including goodwill) 2,5571,899459,08512,23410,034
Goodwill    5,2774,9704,396
Intangible assets, net (excluding goodwill) 2,5571,899453,8087,2645,638
Prepaid expense 39     
Deferred income tax assets 606713
Deferred tax assets, net5561,358 1,550
Other undisclosed noncurrent assets 4,4063,8793,725 1,5221,024
Total noncurrent assets: 7,7836,6164,46811,66015,56714,422
TOTAL ASSETS: 20,66718,55116,96828,56030,04235,460
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 4,0383,6225,8666,0193,0123,281
Accounts payable 6084082,8692,85110295
Taxes payable 3,4303,2142,9973,1682,9103,186
Deferred revenue 1,4362,006
Debt  430874765721 
Derivative instruments and hedges, liabilities 1,505107    
Disposal group, including discontinued operation      913
Customer advances and deposits3,5591,4201,313
Contract with customer, liability1,061
Other liabilities 333221118687487234
Other undisclosed current liabilities 7106275211,9331,9801,629
Total current liabilities: 8,0227,0138,44012,9637,6207,370
Noncurrent Liabilities
Long-term debt and lease obligation 32     
Operating lease, liability 32 
Liabilities, other than long-term debt 134125734134126253
Deferred tax liabilities, net   118
Due to related parties 134125128134126135
Derivative instruments and hedges, liabilities   606   
Total noncurrent liabilities: 166125734134126253
Total liabilities: 8,1887,1389,17413,0977,7467,623
Commitments and contingencies      129
Stockholders' equity
Stockholders' equity attributable to parent, including: 12,54511,4707,84315,28622,24227,333
Common stock 262016141230
Additional paid in capital 49,77243,11138,27531,55429,28526,510
Accumulated other comprehensive income 1,1291,5051,4571,5987002,056
Accumulated deficit (40,980)(35,773)(34,512)(20,487)(10,362)(3,870)
Warrants and rights outstanding 1,505107606   
Other undisclosed stockholders' equity attributable to parent 1,0932,5002,0012,6072,6072,607
Stockholders' equity attributable to noncontrolling interest (66)(57)(49)17754375
Total stockholders' equity: 12,47911,4137,79415,46322,29627,708
TOTAL LIABILITIES AND EQUITY: 20,66718,55116,96828,56030,04235,460

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 38,40858,08057,14646,63334,75031,522
Revenue, net46,63334,75032,265
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: 6325,4982,4184,6137,7517,610
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) 6234671,149(318)(35)104
Investment income, nonoperating    4090117
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  35371471347
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  9102(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     591,465
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 9896(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.

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