ZW Data Action Technologies Inc. (CNET) Form 10-Q — Aug 14, 2026
ZW Data Action Technologies (CNET) filed its Q2 2026 10-Q with explicit going-concern language, stating there is substantial doubt about the company's ability to continue as a going concern within one year. Cash and equivalents fell to US$0.61 million at June 30, 2026 from US$0.97 million at year-end 2025, against a US$65.4 million accumulated deficit. First-half revenue dropped roughly 53% year over year to US$1.04 million, though the net loss narrowed sharply to US$224,000 from US$1.17 million on deep G&A cuts.
Key figures
- Revenue
- 1035000
- Total Debt
- 128000
- Revenue Yoy
- US$1.04M for six months ended June 30, 2026 vs US$2.20M prior year, down ~53% YoY
- Total Assets
- 9750000
- Cash Position
- 611000
- Gross Proceeds
- 1450000
- Offering Price
- 1.45
- Shares Offered
- 1000000
- Shares Outstanding
- 3668429
- Total equity
- 4179000
- Q2 2025 revenue
- 548000
- Q2 2026 revenue
- 652000
- Working capital
- 2400000
- H1 2025 gross profit
- 207000
- H1 2026 gross profit
- 74000
- Cash held in china pct
- 76
- Placement signing date
- 2026-07-30
- Margo pending deal cash
- 384000
- Placement lockup months
- 6
- Restricted net assets prc
- 13070000
- Margo pending deal stock value
- 216000
- Customer a receivables share pct
- 81
- Customer a revenue share h1 2026 pct
- 80
Price after filing
Close on the filing date to close N calendar days later (from $1.29). Historical, not a forecast.
AI analysis
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