ZW Data swings to Q1 net income of USD 126,000; revenue drops 76.82% to USD 383,000
ZW Data Action Technologies Inc CNET | 0.00 |
- ZW Data Action Technologies posted net income of USD 126,000 for quarter ended March 31, 2026, swinging from a net loss of USD 530,000 a year earlier as operating results turned to income of USD 79,000 from an operating loss of USD 579,000.
- Revenue fell 76.82% to USD 383,000 from year-ago quarter levels, reflecting declines in internet advertising and related services to USD 284,000; blockchain-based SaaS services recorded no revenue versus USD 615,000.
- Gross profit slipped to USD 27,000 from USD 160,000, while gross margin narrowed 3 percentage points to 7%.
- AI services generated USD 38,000 in revenue versus no revenue a year earlier, while IP services climbed to USD 61,000 from USD 18,000.
- Management cited a temporary reduction in demand driven partly by broader economic headwinds, while refocusing on expanding the AI services segment and continuing a shift to markets outside mainland China.
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