ZW Data Action Technologies Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 7.22 million compared to USD 11.9 million a year ago. Revenue was USD 7.22 million compared to USD 11.9 million a year ago. Net loss was USD 2.84 million compared to net income of USD 1.38 million a year ago. Basic loss per share from continuing operations was USD 0.08 compared to basic earnings per share from continuing operations of USD 0.04 a year ago. Diluted loss per share from continuing operations was USD 0.08 compared to diluted earnings per share from continuing operations of USD 0.04 a year ago.
For the nine months, sales was USD 21.81 million compared to USD 34.85 million a year ago. Revenue was USD 21.81 million compared to USD 34.85 million a year ago. Net loss was USD 5.27 million compared to USD 1.59 million a year ago. Basic loss per share from continuing operations was USD 0.15 compared to USD 0.05 a year ago. Diluted loss per share from continuing operations was USD 0.15 compared to USD 0.05 a year ago.
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