C/NET (CNET)

[StockLogistics]

One full year couldn’t increase sales:

7:45a ET 11/16/2021 - Benzinga
ZW Data Action Tech Q3 Sales $11.90M Down From $12.30M YoY

ZW Data Action Tech (NASDAQ:CNET) reported $11.90 million in sales this quarter. This is a 3.28 percent decrease over sales of $12.30 million the same period last year.

Operating loss

Loss from operations was $1.57 million for the third quarter of 2021, compared to $1.40 million for the same period of last year. Operating loss margin was 13.2% for the third quarter of 2021, compared to 11.4% for the same period of last year.

Other income (expense), net

Total other net income was $2.82 million for the third quarter of 2021, compared to total other net expense of $0.08 million for the same period of last year, which was primarily attributable to the increase in gain from change in fair value of warrant liabilities.

Net income (loss) attributable to CNET and earnings (loss) per share

Net income attributable to CNET was $1.38 million, or earnings per share of $0.04, for the third quarter of 2021. This compared to net loss attributable to CNET of $1.33 million, or loss per share of $0.06, for the same period of last year.

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