{"id":381123,"date":"2020-11-13T16:33:05","date_gmt":"2020-11-13T21:33:05","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=381123"},"modified":"2020-11-13T16:33:05","modified_gmt":"2020-11-13T21:33:05","slug":"zw-data-action-technologies-reports-third-quarter-and-first-nine-months-2020-unaudited-financial-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/zw-data-action-technologies-reports-third-quarter-and-first-nine-months-2020-unaudited-financial-results\/","title":{"rendered":"ZW Data Action Technologies Reports Third Quarter and First Nine Months 2020 Unaudited Financial Results"},"content":{"rendered":"
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BEIJING, Nov. 13, 2020 (GLOBE NEWSWIRE) — ZW Data Action Technologies Inc. (Nasdaq: CNET) (the “Company”), an integrated online advertising, precision marketing, data analytics and other value-added services provider serving enterprise clients, today announced its unaudited financial results for the three and nine months ended September 30, 2020.<\/p>\n

\n Third <\/strong>
\n Q<\/strong>
\n uarter<\/strong>
\n of <\/strong>
\n 20<\/strong>
\n 20<\/strong>
\n Financial <\/strong>
\n Highlights <\/strong>\n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\n \u00a0<\/strong>\n <\/td>\n\n For the Three Months Ended September 30,<\/strong>\n <\/td>\n<\/tr>\n
\n ($ millions, except per share data)<\/em>\n <\/td>\n\n \u00a0<\/em>\n <\/td>\n\n 2020<\/strong>
\n \n <\/td>\n		\n \u00a0<\/strong>\n <\/td>\n\n 2019<\/strong>
\n \n <\/td>\n		\n \u00a0<\/strong>\n <\/td>\n\n % Change<\/strong>\n <\/td>\n<\/tr>\n
Revenues<\/td>\n\u00a0<\/td>\n$12.30<\/td>\n\u00a0<\/td>\n$15.51<\/td>\n\u00a0<\/td>\n-20.7%<\/td>\n<\/tr>\n
Gross profit (loss)<\/td>\n\u00a0<\/td>\n($0.64)<\/td>\n\u00a0<\/td>\n$0.89<\/td>\n\u00a0<\/td>\n-171.9%<\/td>\n<\/tr>\n
Gross margin<\/td>\n\u00a0<\/td>\n-5.2%<\/td>\n\u00a0<\/td>\n5.8%<\/td>\n\u00a0<\/td>\n-11pp*<\/td>\n<\/tr>\n
Loss from operations<\/td>\n\u00a0<\/td>\n($1.40)<\/td>\n\u00a0<\/td>\n($0.28)<\/td>\n\u00a0<\/td>\n-410.5%<\/td>\n<\/tr>\n
Operating loss margin<\/td>\n\u00a0<\/td>\n-11.4%<\/td>\n\u00a0<\/td>\n-1.8%<\/td>\n\u00a0<\/td>\n-9.6pp<\/td>\n<\/tr>\n
Net loss attributable to CNET<\/td>\n\u00a0<\/td>\n($1.33)<\/td>\n\u00a0<\/td>\n($0.39)<\/td>\n\u00a0<\/td>\n-243.6%<\/td>\n<\/tr>\n
Loss per share<\/td>\n\u00a0<\/td>\n($0.06)<\/td>\n\u00a0<\/td>\n($0.02)<\/td>\n\u00a0<\/td>\n-200.0%<\/td>\n<\/tr>\n
\n *pp: percent points<\/em>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n