{"id":475804,"date":"2021-04-13T16:33:11","date_gmt":"2021-04-13T20:33:11","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/zw-data-action-technologies-reports-full-year-2020-financial-results\/"},"modified":"2021-04-13T16:33:11","modified_gmt":"2021-04-13T20:33:11","slug":"zw-data-action-technologies-reports-full-year-2020-financial-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/zw-data-action-technologies-reports-full-year-2020-financial-results\/","title":{"rendered":"ZW Data Action Technologies Reports Full Year 2020 Financial Results"},"content":{"rendered":"
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BEIJING, China, April 13, 2021 (GLOBE NEWSWIRE) — ZW Data Action Technologies Inc. (Nasdaq: CNET) (the “Company”), an integrated Internet advertising, precision marketing, data analytics and other value-added blockchain services provider serving enterprise clients, today announced its audited financial results for the year ended December 31, 2020.<\/p>\n

\n Full Year 2020 Financial 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 Year Ended December 31,<\/strong>
\n
\n
\n <\/strong>\n <\/td>\n<\/tr>\n
\n ($ millions, except per share data)<\/em>\n <\/td>\n\u00a0<\/td>\n\n 2020<\/strong>\n <\/td>\n\n \u00a0<\/strong>\n <\/td>\n\n 2019<\/strong>\n <\/td>\n\n \u00a0<\/strong>\n <\/td>\n\n % Change<\/strong>\n <\/td>\n<\/tr>\n
Revenues<\/td>\n\u00a0<\/td>\n$38.41<\/td>\n\u00a0<\/td>\n$58.08<\/td>\n\u00a0<\/td>\n-33.9%<\/td>\n<\/tr>\n
Gross profit<\/td>\n\u00a0<\/td>\n$0.63<\/td>\n\u00a0<\/td>\n$5.50<\/td>\n\u00a0<\/td>\n-88.5%<\/td>\n<\/tr>\n
Gross margin<\/td>\n\u00a0<\/td>\n1.6%<\/td>\n\u00a0<\/td>\n9.5%<\/td>\n\u00a0<\/td>\n-7.8 pp*<\/td>\n<\/tr>\n
Loss from operations<\/td>\n\u00a0<\/td>\n($5.70)<\/td>\n\u00a0<\/td>\n($1.69)<\/td>\n\u00a0<\/td>\n237.7%<\/td>\n<\/tr>\n
Operating loss margin<\/td>\n\u00a0<\/td>\n-14.8%<\/td>\n\u00a0<\/td>\n-2.9%<\/td>\n\u00a0<\/td>\n-11.9 pp*<\/td>\n<\/tr>\n
Net loss attributable to CNET<\/td>\n\u00a0<\/td>\n($5.22)<\/td>\n\u00a0<\/td>\n($1.26)<\/td>\n\u00a0<\/td>\n313.6%<\/td>\n<\/tr>\n
Loss per share<\/td>\n\u00a0<\/td>\n($0.24)<\/td>\n\u00a0<\/td>\n($0.07)<\/td>\n\u00a0<\/td>\n242.9%<\/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