$CNET
ZW Data Action Technologies Inc.

2017 Q2 Form 10-Q Financial Statement

#000117184317005047 Filed on August 14, 2017

View on sec.gov

Income Statement

Concept 2017 Q2 2016 Q2
Revenue $10.50M $8.436M
YoY Change 24.47% -8.04%
Cost Of Revenue $8.800M $5.939M
YoY Change 48.17% -18.86%
Gross Profit $1.700M $2.497M
YoY Change -31.92% 10.49%
Gross Profit Margin 16.19% 29.6%
Selling, General & Admin $1.817M $2.895M
YoY Change -37.24% -1.5%
% of Gross Profit 106.88% 115.94%
Research & Development $305.0K $590.0K
YoY Change -48.31% 2.97%
% of Gross Profit 17.94% 23.63%
Depreciation & Amortization $49.00K $376.0K
YoY Change -86.97% -12.15%
% of Gross Profit 2.88% 15.06%
Operating Expenses $2.122M $3.485M
YoY Change -39.11% -0.77%
Operating Profit -$422.0K -$988.0K
YoY Change -57.29% -21.09%
Interest Expense $19.00K
YoY Change
% of Operating Profit
Other Income/Expense, Net -$222.0K $25.00K
YoY Change -988.0% 56.25%
Pretax Income -$644.0K -$963.0K
YoY Change -33.13% -22.09%
Income Tax $113.0K $180.0K
% Of Pretax Income
Net Earnings -$789.0K -$1.280M
YoY Change -38.36% 5.87%
Net Earnings / Revenue -7.51% -15.17%
Basic Earnings Per Share
Diluted Earnings Per Share
COMMON SHARES
Basic Shares Outstanding 12.00M 11.36M
Diluted Shares Outstanding 28.40M

Balance Sheet

Concept 2017 Q2 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $1.816M $2.876M
Short-Term Investments
Other Short-Term Assets $183.0K $43.00K
YoY Change 325.58%
Inventory
Prepaid Expenses
Receivables $5.091M $3.206M
Other Receivables $464.0K
Total Short-Term Assets $15.14M $16.99M
YoY Change -10.86%
LONG-TERM ASSETS
Property, Plant & Equipment $382.0K $661.0K
YoY Change -42.21%
Goodwill $5.090M $4.305M
YoY Change 18.23%
Intangibles $6.823M $6.868M
YoY Change -0.66%
Long-Term Investments $726.0K $741.0K
YoY Change -2.02%
Other Assets
YoY Change
Total Long-Term Assets $15.11M $15.79M
YoY Change -4.29%
TOTAL ASSETS
Total Short-Term Assets $15.14M $16.99M
Total Long-Term Assets $15.11M $15.79M
Total Assets $30.25M $32.78M
YoY Change -7.7%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $130.0K $90.00K
YoY Change 44.44% -82.35%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $8.874M $6.789M
YoY Change 30.71%
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $8.874M $6.789M
Total Long-Term Liabilities
Total Liabilities $9.003M $6.979M
YoY Change 29.0%
SHAREHOLDERS EQUITY
Retained Earnings -$12.24M -$6.561M
YoY Change 86.53%
Common Stock $12.00K $30.00K
YoY Change -60.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $21.18M $25.33M
YoY Change
Total Liabilities & Shareholders Equity $30.25M $32.78M
YoY Change -7.7%

Cashflow Statement

Concept 2017 Q2 2016 Q2
OPERATING ACTIVITIES
Net Income -$789.0K -$1.280M
YoY Change -38.36% 5.87%
Depreciation, Depletion And Amortization $49.00K $376.0K
YoY Change -86.97% -12.15%
Cash From Operating Activities
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities
YoY Change
NET CHANGE
Cash From Operating Activities
Cash From Investing Activities
Cash From Financing Activities
Net Change In Cash
YoY Change
FREE CASH FLOW
Cash From Operating Activities
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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AccruedPayrollAndOtherAccruals
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cnet Collection Of Receivable On Disposal Of Vi Es
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cnet Collection Of Receivable On Disposal Of Vi Es
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6.8697
cnet Foreign Currency Exchange Rate Translation Average
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6.5303
CY2017Q2 cnet Foreign Currency Exchange Rate Translation Average
ForeignCurrencyExchangeRateTranslationAverage
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<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><table cellpadding="0" cellspacing="0" style="font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-bottom: 0pt;"><tr style="vertical-align: top"><td style="width: 21pt">c)</td> <td style="text-align: justify">Use of estimates</td> </tr> </table> <div style=" font-size: 10pt; text-align: justify; text-indent: 0in; margin: 0pt 0 0pt 27.55pt">&nbsp;</div> <div style=" font-size: 10pt; text-align: justify; text-indent: 0in; margin: 0pt 0 0pt 27.55pt">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the related disclosure of contingent assets and liabilities at the date of these condensed consolidated financial statements, and the reported amounts of revenue and expenses during the reporting period. The Company continually evaluates these estimates and assumptions based on the most recently available information, historical experience and various other assumptions that the Company believes to be reasonable under the circumstances. Since the use of estimates is an integral component of the financial reporting process, actual results could differ from those estimates.</div></div></div>
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