2023 Q4 Form 20-F Financial Statement

#000110465924050566 Filed on April 23, 2024

View on sec.gov

Income Statement

Concept 2023 Q4 2023 2022 Q4
Revenue $363.7M $96.64M
YoY Change 6.51% 36.43%
Cost Of Revenue $200.6M $59.03M
YoY Change 0.3% 57.05%
Gross Profit $163.1M $37.62M
YoY Change 15.29% 13.13%
Gross Profit Margin 44.83% 38.92%
Selling, General & Admin $90.38M $18.48M
YoY Change 40.04% 4.3%
% of Gross Profit 55.43% 49.11%
Research & Development $74.20M $19.23M
YoY Change 9.64% 16.15%
% of Gross Profit 45.5% 51.13%
Depreciation & Amortization $4.427M
YoY Change 66.05%
% of Gross Profit 2.71%
Operating Expenses $164.7M $37.71M
YoY Change 24.55% 10.02%
Operating Profit -$1.612M -$92.00K
YoY Change -117.48% -91.0%
Interest Expense $712.0K
YoY Change 189.43%
% of Operating Profit
Other Income/Expense, Net $16.90M $703.0K
YoY Change 24.8% -29.35%
Pretax Income $18.40M $1.819M
YoY Change -27.61% -476.6%
Income Tax $4.131M $247.0K
% Of Pretax Income 22.45% 13.58%
Net Earnings $14.23M $1.630M
YoY Change -33.72% -440.29%
Net Earnings / Revenue 3.91% 1.69%
Basic Earnings Per Share $0.04
Diluted Earnings Per Share $0.04 $0.00
COMMON SHARES
Basic Shares Outstanding 323.5M 326.4M 325.0M
Diluted Shares Outstanding 326.8M

Balance Sheet

Concept 2023 Q4 2023 2022 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $262.3M
YoY Change 9.75%
Cash & Equivalents $170.8M $178.7M
Short-Term Investments $83.63M
Other Short-Term Assets $8.267M
YoY Change -30.19%
Inventory $2.219M $457.0K
Prepaid Expenses
Receivables $31.21M $28.22M
Other Receivables $12.64M $32.92M
Total Short-Term Assets $327.4M $332.2M
YoY Change -1.45% 13.02%
LONG-TERM ASSETS
Property, Plant & Equipment $60.03M $62.60M
YoY Change -4.11% 8.52%
Goodwill $20.83M $21.18M
YoY Change -1.67% -8.46%
Intangibles $5.697M $6.546M
YoY Change -12.97% -21.12%
Long-Term Investments $30.81M
YoY Change -2.17%
Other Assets $10.00M
YoY Change -61.78%
Total Long-Term Assets $141.3M $131.1M
YoY Change 7.76% -10.66%
TOTAL ASSETS
Total Short-Term Assets $327.4M $332.2M
Total Long-Term Assets $141.3M $131.1M
Total Assets $468.7M $463.3M
YoY Change 1.16% 5.13%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $24.43M $25.43M
YoY Change -3.94% -3.69%
Accrued Expenses $49.72M
YoY Change 22.73%
Deferred Revenue $36.38M $38.97M
YoY Change -6.65%
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $7.024M
YoY Change 144.23%
Total Short-Term Liabilities $128.1M $128.3M
YoY Change -0.16% 7.02%
LONG-TERM LIABILITIES
Long-Term Debt $24.75M
YoY Change 43.14%
Other Long-Term Liabilities $1.175M
YoY Change 37.91%
Total Long-Term Liabilities $25.93M
YoY Change 42.89%
TOTAL LIABILITIES
Total Short-Term Liabilities $128.1M $128.3M
Total Long-Term Liabilities $25.93M
Total Liabilities $145.2M $153.4M
YoY Change -5.36% 11.93%
SHAREHOLDERS EQUITY
Retained Earnings -$146.9M -$160.1M
YoY Change -8.2% -11.39%
Common Stock $81.00K $81.00K
YoY Change 0.0% -3.57%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares $49.95M
Shareholders Equity $324.9M $309.9M
YoY Change
Total Liabilities & Shareholders Equity $468.7M $463.3M
YoY Change 1.16% 5.13%

Cashflow Statement

Concept 2023 Q4 2023 2022 Q4
OPERATING ACTIVITIES
Net Income $14.23M $1.630M
YoY Change -33.72% -440.29%
Depreciation, Depletion And Amortization $4.427M
YoY Change 66.05%
Cash From Operating Activities $25.72M
YoY Change -49.68%
INVESTING ACTIVITIES
Capital Expenditures $3.992M
YoY Change -73.33%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$23.90M
YoY Change -303.25%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -13.52M
YoY Change -303.64%
NET CHANGE
Cash From Operating Activities 25.72M
Cash From Investing Activities -23.90M
Cash From Financing Activities -13.52M
Net Change In Cash -11.71M
YoY Change -116.84%
FREE CASH FLOW
Cash From Operating Activities $25.72M
Capital Expenditures $3.992M
Free Cash Flow $21.72M
YoY Change -39.89%

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CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2021 us-gaap Profit Loss
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CY2022 us-gaap Profit Loss
ProfitLoss
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CY2023 us-gaap Profit Loss
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OperatingLeaseRightOfUseAssetAmortizationExpense
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CY2022 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
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CY2023 us-gaap Operating Lease Right Of Use Asset Amortization Expense
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CY2022 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
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CY2023 us-gaap Gain Loss On Disposition Of Assets1
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CY2022 us-gaap Inventory Write Down
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CY2023 us-gaap Gain Loss On Sale Of Investments
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CY2022 us-gaap Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
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CY2023 us-gaap Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
408000
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CY2022 us-gaap Increase Decrease In Due From Related Parties Current
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CY2022 us-gaap Increase Decrease In Accounts Payable
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CY2023 us-gaap Increase Decrease In Inventories
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CY2021 us-gaap Increase Decrease In Contract With Customer Liability
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2112000
CY2022 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
5739000
CY2023 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
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CY2021 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
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CY2022 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
3434000
CY2023 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
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CY2022 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
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8621000
CY2023 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
3134000
CY2021 xnet Increase Decrease In Lease Liabilities
IncreaseDecreaseInLeaseLiabilities
-2003000
CY2022 xnet Increase Decrease In Lease Liabilities
IncreaseDecreaseInLeaseLiabilities
322000
CY2023 xnet Increase Decrease In Lease Liabilities
IncreaseDecreaseInLeaseLiabilities
618000
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
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CY2022 us-gaap Net Cash Provided By Used In Operating Activities
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CY2023 us-gaap Net Cash Provided By Used In Operating Activities
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PaymentsToAcquireShortTermInvestments
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PaymentsToAcquireShortTermInvestments
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CY2023 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
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ProceedsFromSaleOfShortTermInvestments
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CY2022 us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
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CY2023 us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
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CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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CY2023 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3992000
CY2021 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
84000
CY2022 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
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CY2023 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
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CY2021 us-gaap Payments To Acquire Longterm Investments
PaymentsToAcquireLongtermInvestments
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CY2022 us-gaap Payments To Acquire Longterm Investments
PaymentsToAcquireLongtermInvestments
1000000
CY2023 us-gaap Payments To Acquire Longterm Investments
PaymentsToAcquireLongtermInvestments
1418000
CY2021 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
207000
CY2022 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
6000
CY2023 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
15000
CY2021 us-gaap Proceeds From Sale Of Longterm Investments
ProceedsFromSaleOfLongtermInvestments
42000
CY2023 us-gaap Proceeds From Sale Of Longterm Investments
ProceedsFromSaleOfLongtermInvestments
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CY2021 us-gaap Payments For Proceeds From Loans Receivable
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CY2023 us-gaap Payments For Proceeds From Loans Receivable
PaymentsForProceedsFromLoansReceivable
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CY2021 us-gaap Payments To Fund Longterm Loans To Related Parties
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CY2021 us-gaap Net Cash Provided By Used In Investing Activities
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CY2022 us-gaap Net Cash Provided By Used In Investing Activities
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CY2023 us-gaap Net Cash Provided By Used In Investing Activities
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CY2022 us-gaap Payments For Repurchase Of Preferred Stock And Preference Stock
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CY2023 us-gaap Payments For Repurchase Of Preferred Stock And Preference Stock
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CY2022 us-gaap Proceeds From Bank Debt
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CY2023 us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
4254000
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CY2022 us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
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CY2023 us-gaap Repayments Of Bank Debt
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CY2022 us-gaap Proceeds From Minority Shareholders
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CY2021 us-gaap Net Cash Provided By Used In Financing Activities
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CY2022 us-gaap Net Cash Provided By Used In Financing Activities
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CY2023 us-gaap Net Cash Provided By Used In Financing Activities
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CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
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CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
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CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
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CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2023 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2020Q4 us-gaap Restricted Cash
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CY2021Q4 us-gaap Restricted Cash
RestrictedCash
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CY2022Q4 us-gaap Restricted Cash
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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138789000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
127436000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2021Q4 us-gaap Restricted Cash
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CY2022Q4 us-gaap Restricted Cash
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
184808000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2021 us-gaap Income Taxes Paid
IncomeTaxesPaid
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CY2022 us-gaap Income Taxes Paid
IncomeTaxesPaid
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CY2023 us-gaap Income Taxes Paid
IncomeTaxesPaid
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CY2022 us-gaap Capital Expenditures Incurred But Not Yet Paid
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CY2023 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
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CY2021 xnet Right Of Use Assets And Lease Liabilities Acquired Net Off Impact From Lease Modification
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10000
CY2022 xnet Right Of Use Assets And Lease Liabilities Acquired Net Off Impact From Lease Modification
RightOfUseAssetsAndLeaseLiabilitiesAcquiredNetOffImpactFromLeaseModification
555000
CY2023 xnet Right Of Use Assets And Lease Liabilities Acquired Net Off Impact From Lease Modification
RightOfUseAssetsAndLeaseLiabilitiesAcquiredNetOffImpactFromLeaseModification
275000
CY2023 xnet Principal Agreement Of Variable Interest Entities Term Of Agreements
PrincipalAgreementOfVariableInterestEntitiesTermOfAgreements
P10Y
CY2023 xnet Long Term Pretax Operating Margin Percentage
LongTermPretaxOperatingMarginPercentage
0.80
CY2023 xnet Cash Flow Projection Period
CashFlowProjectionPeriod
P5Y
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2023 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2021 xnet Impairment Of Long Term Investments
ImpairmentOfLongTermInvestments
0
CY2022 xnet Impairment Of Long Term Investments
ImpairmentOfLongTermInvestments
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CY2023 xnet Impairment Of Long Term Investments
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0
CY2023 xnet Impairment Of Long Term Investments
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0
CY2021 us-gaap Marketing And Advertising Expense
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CY2022 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
12551000
CY2023 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
29140000
CY2023 xnet Value Added Tax Rate From Product Revenue
ValueAddedTaxRateFromProductRevenue
0.13
CY2023 xnet Value Added Tax In Certain Service Revenues
ValueAddedTaxInCertainServiceRevenues
0.06
CY2021 xnet Value Added Tax In Incurred As Tax Credit In Claim
ValueAddedTaxInIncurredAsTaxCreditInClaim
1.10
CY2022 xnet Value Added Tax In Incurred As Tax Credit In Claim
ValueAddedTaxInIncurredAsTaxCreditInClaim
1.10
CY2023 xnet Value Added Tax In Incurred As Tax Credit In Claim
ValueAddedTaxInIncurredAsTaxCreditInClaim
1.05
CY2021 us-gaap Defined Contribution Plan Cost Recognized
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CY2022 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
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CY2023 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
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CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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CY2022Q4 us-gaap Accounts Receivable Net Current
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CY2021 us-gaap Revenue From Contract With Customer Including Assessed Tax
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CY2022 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
342564000
CY2023 us-gaap Revenue From Contract With Customer Including Assessed Tax
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364911000
CY2023 xnet Statutory General Reserve Rate Percentage On Net Income
StatutoryGeneralReserveRatePercentageOnNetIncome
0.10
CY2023 xnet Statutory General Reserve Fund As Percentage Of Registered Capital
StatutoryGeneralReserveFundAsPercentageOfRegisteredCapital
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CY2023 us-gaap Revenue Recognition Dividends
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<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;margin:0pt 0pt 12pt 0pt;">(bb)         Dividends</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:0pt;margin:0pt;">Dividends are recognized when declared. No dividends were declared for the years ended December 31, 2021, 2022 and 2023. The Group does not have any present plan to pay any dividends on common shares in the foreseeable future. The Group currently intends to retain the available funds and any future earnings to operate and expand its business.</p>
CY2021 us-gaap Common Stock Dividends Per Share Declared
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CY2022 us-gaap Common Stock Dividends Per Share Declared
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CY2023 us-gaap Common Stock Dividends Per Share Declared
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0
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CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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170802000
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CY2023Q4 us-gaap Time Deposits At Carrying Value
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CY2023Q4 us-gaap Short Term Investments
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101078000
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CY2023Q4 us-gaap Accounts Receivable Gross Current
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CY2023Q4 us-gaap Accounts Receivable Net Current
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CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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1764000
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1429000
CY2021 xnet Allowance For Doubtful Accounts Receivable Additions
AllowanceForDoubtfulAccountsReceivableAdditions
72000
CY2023 xnet Allowance For Doubtful Accounts Receivable Additions
AllowanceForDoubtfulAccountsReceivableAdditions
213000
CY2021 xnet Allowance For Doubtful Accounts Receivable Reversals
AllowanceForDoubtfulAccountsReceivableReversals
481000
CY2022 xnet Allowance For Doubtful Accounts Receivable Reversals
AllowanceForDoubtfulAccountsReceivableReversals
188000
CY2023 xnet Allowance For Doubtful Accounts Receivable Reversals
AllowanceForDoubtfulAccountsReceivableReversals
189000
CY2021 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
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CY2022 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
2000
CY2023 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
408000
CY2021 xnet Allowance For Doubtful Accounts Receivable Exchange Adjustment
AllowanceForDoubtfulAccountsReceivableExchangeAdjustment
219000
CY2022 xnet Allowance For Doubtful Accounts Receivable Exchange Adjustment
AllowanceForDoubtfulAccountsReceivableExchangeAdjustment
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CY2023 xnet Allowance For Doubtful Accounts Receivable Exchange Adjustment
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CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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1429000
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1022000
CY2023 xnet Number Of Major Customers
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10
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281000
CY2023 us-gaap Production Related Impairments Or Charges
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250000
CY2022Q4 us-gaap Inventory Net
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457000
CY2023Q4 us-gaap Inventory Net
InventoryNet
2219000
CY2022 us-gaap Inventory Write Down
InventoryWriteDown
15000
CY2023 us-gaap Inventory Write Down
InventoryWriteDown
0
CY2022Q4 us-gaap Supplies
Supplies
4042000
CY2023Q4 us-gaap Supplies
Supplies
3059000
CY2022Q4 xnet Receivable Related To Linktoken Disposal
ReceivableRelatedToLinktokenDisposal
3316000
CY2023Q4 xnet Receivable Related To Linktoken Disposal
ReceivableRelatedToLinktokenDisposal
3247000
CY2022Q4 xnet Receivable From Equity Transfer
ReceivableFromEquityTransfer
4288000
CY2022Q4 xnet Loans To Employees.Current
LoansToEmployees.Current
1851000
CY2023Q4 xnet Loans To Employees.Current
LoansToEmployees.Current
2082000
CY2022Q4 xnet Prepaid Rental Utilities And Other Deposits
PrepaidRentalUtilitiesAndOtherDeposits
1397000
CY2023Q4 xnet Prepaid Rental Utilities And Other Deposits
PrepaidRentalUtilitiesAndOtherDeposits
1561000
CY2022Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
4040000
CY2023Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
5660000
CY2022Q4 xnet Prepayments And Other Current Assets Allowance For Credit Loss Current
PrepaymentsAndOtherCurrentAssetsAllowanceForCreditLossCurrent
10667000
CY2023Q4 xnet Prepayments And Other Current Assets Allowance For Credit Loss Current
PrepaymentsAndOtherCurrentAssetsAllowanceForCreditLossCurrent
6186000
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
8267000
CY2023Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
9423000
CY2022Q4 xnet Loans To Employees.Non Current
LoansToEmployees.NonCurrent
1543000
CY2023Q4 xnet Loans To Employees.Non Current
LoansToEmployees.NonCurrent
1687000
CY2022Q4 xnet Prepaid Supplies Non Current
PrepaidSuppliesNonCurrent
594000
CY2023Q4 xnet Prepaid Supplies Non Current
PrepaidSuppliesNonCurrent
266000
CY2022Q4 us-gaap Prepaid Expense And Other Assets Noncurrent
PrepaidExpenseAndOtherAssetsNoncurrent
2137000
CY2023Q4 us-gaap Prepaid Expense And Other Assets Noncurrent
PrepaidExpenseAndOtherAssetsNoncurrent
1953000
CY2020Q4 xnet Prepayments And Other Current Assets Allowance For Credit Loss Current
PrepaymentsAndOtherCurrentAssetsAllowanceForCreditLossCurrent
10283000
CY2021Q4 xnet Prepayments And Other Current Assets Allowance For Credit Loss Current
PrepaymentsAndOtherCurrentAssetsAllowanceForCreditLossCurrent
11069000
CY2022Q4 xnet Prepayments And Other Current Assets Allowance For Credit Loss Current
PrepaymentsAndOtherCurrentAssetsAllowanceForCreditLossCurrent
10667000
CY2021 xnet Prepayments And Other Current Assets Allowance For Credit Loss Additions
PrepaymentsAndOtherCurrentAssetsAllowanceForCreditLossAdditions
745000
CY2022 xnet Prepayments And Other Current Assets Allowance For Credit Loss Additions
PrepaymentsAndOtherCurrentAssetsAllowanceForCreditLossAdditions
745000
CY2021 xnet Prepayments And Other Current Assets Allowance For Credit Loss Reversals
PrepaymentsAndOtherCurrentAssetsAllowanceForCreditLossReversals
-150000
CY2022 xnet Prepayments And Other Current Assets Allowance For Credit Loss Reversals
PrepaymentsAndOtherCurrentAssetsAllowanceForCreditLossReversals
-197000
CY2023 xnet Prepayments And Other Current Assets Allowance For Credit Loss Reversals
PrepaymentsAndOtherCurrentAssetsAllowanceForCreditLossReversals
-100000
CY2021 xnet Prepayments And Other Current Assets Allowance For Credit Loss Write Off
PrepaymentsAndOtherCurrentAssetsAllowanceForCreditLossWriteOff
-54000
CY2023 xnet Prepayments And Other Current Assets Allowance For Credit Loss Write Off
PrepaymentsAndOtherCurrentAssetsAllowanceForCreditLossWriteOff
-4234000
CY2021 xnet Prepayments And Other Current Assets Allowance For Credit Loss Exchange Difference
PrepaymentsAndOtherCurrentAssetsAllowanceForCreditLossExchangeDifference
245000
CY2022 xnet Prepayments And Other Current Assets Allowance For Credit Loss Exchange Difference
PrepaymentsAndOtherCurrentAssetsAllowanceForCreditLossExchangeDifference
-950000
CY2023 xnet Prepayments And Other Current Assets Allowance For Credit Loss Exchange Difference
PrepaymentsAndOtherCurrentAssetsAllowanceForCreditLossExchangeDifference
-147000
CY2021Q4 xnet Prepayments And Other Current Assets Allowance For Credit Loss Current
PrepaymentsAndOtherCurrentAssetsAllowanceForCreditLossCurrent
11069000
CY2022Q4 xnet Prepayments And Other Current Assets Allowance For Credit Loss Current
PrepaymentsAndOtherCurrentAssetsAllowanceForCreditLossCurrent
10667000
CY2023Q4 xnet Prepayments And Other Current Assets Allowance For Credit Loss Current
PrepaymentsAndOtherCurrentAssetsAllowanceForCreditLossCurrent
6186000
CY2021Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
31495000
CY2022Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
30811000
CY2022 xnet Cost Method Investments Additions
CostMethodInvestmentsAdditions
0
CY2023 xnet Cost Method Investments Additions
CostMethodInvestmentsAdditions
1418000
CY2022 xnet Cost Method Investment Deferred Gain On Sale
CostMethodInvestmentDeferredGainOnSale
437000
CY2022 xnet Impairment Of Long Term Investments
ImpairmentOfLongTermInvestments
590000
CY2022 xnet Increase Decrease In Cost Method Investment Due To Foreign Currency Translation Adjustment
IncreaseDecreaseInCostMethodInvestmentDueToForeignCurrencyTranslationAdjustment
531000
CY2023 xnet Increase Decrease In Cost Method Investment Due To Foreign Currency Translation Adjustment
IncreaseDecreaseInCostMethodInvestmentDueToForeignCurrencyTranslationAdjustment
95000
CY2022Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
30811000
CY2023Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
32134000
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
74535000
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
76957000
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
12801000
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
15704000
CY2023Q4 xnet Impairment Of Profit And Loss
ImpairmentOfProfitAndLoss
1225000
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
61734000
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
60028000
CY2021 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
CY2022 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
CY2023 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
1146000
CY2021 us-gaap Depreciation
Depreciation
6319000
CY2022 us-gaap Depreciation
Depreciation
2666000
CY2023 us-gaap Depreciation
Depreciation
4427000
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
27000
CY2022 xnet Operating Lease Right Of Use Asset Additions
OperatingLeaseRightOfUseAssetAdditions
920000
CY2022 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
56000
CY2022 xnet Operating Lease Right Of Use Asset Effect Of Foreign Currency Exchange Differences
OperatingLeaseRightOfUseAssetEffectOfForeignCurrencyExchangeDifferences
26000
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
865000
CY2023 xnet Operating Lease Right Of Use Asset Additions
OperatingLeaseRightOfUseAssetAdditions
927000
CY2023 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
551000
CY2023 xnet Operating Lease Right Of Use Asset Modifications
OperatingLeaseRightOfUseAssetModifications
652000
CY2023 xnet Operating Lease Right Of Use Asset Effect Of Foreign Currency Exchange Differences
OperatingLeaseRightOfUseAssetEffectOfForeignCurrencyExchangeDifferences
14000
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
575000
CY2021 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
1934000
CY2022 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
56000
CY2023 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
551000
CY2021 us-gaap Short Term Lease Cost
ShortTermLeaseCost
786000
CY2022 us-gaap Short Term Lease Cost
ShortTermLeaseCost
2457000
CY2023 us-gaap Short Term Lease Cost
ShortTermLeaseCost
1645000
CY2023 xnet Future Minimum Payments Under Short Term Operating Leases In Next Twelve Months
FutureMinimumPaymentsUnderShortTermOperatingLeasesInNextTwelveMonths
96000
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.054
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.054
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.051
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P0Y9M18D
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
2003000
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
2792000
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
2386000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
913000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
366000
CY2023Q4 xnet Finite Lived Intangible Assets Amortization Expense Year Five And Thereafter
FiniteLivedIntangibleAssetsAmortizationExpenseYearFiveAndThereafter
2477000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
297000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
166000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
70000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
533000
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
28000
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
505000
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
13672000
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
7126000
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
6546000
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
13799000
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
8102000
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
5697000
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1129000
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1086000
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1101000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
1016000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
925000
CY2022 us-gaap Finite Lived Intangible Asset Weighted Average Period Before Next Renewal Or Extension
FiniteLivedIntangibleAssetWeightedAveragePeriodBeforeNextRenewalOrExtension
P10Y
CY2023 us-gaap Finite Lived Intangible Asset Weighted Average Period Before Next Renewal Or Extension
FiniteLivedIntangibleAssetWeightedAveragePeriodBeforeNextRenewalOrExtension
P10Y
CY2021Q4 us-gaap Goodwill
Goodwill
23136000
CY2022Q4 us-gaap Goodwill
Goodwill
21179000
CY2022 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-1957000
CY2023 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-353000
CY2022Q4 us-gaap Goodwill
Goodwill
21179000
CY2023Q4 us-gaap Goodwill
Goodwill
20826000
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
39843000
CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
37221000
CY2022Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
876000
CY2023Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
846000
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
38967000
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
36375000
CY2022 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
35380000
CY2023 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
38016000
CY2022Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
23277000
CY2023Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
24702000
CY2022Q4 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
4178000
CY2023Q4 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
7879000
CY2022Q4 xnet Other Payables
OtherPayables
2418000
CY2022Q4 us-gaap Accrued Advertising Current
AccruedAdvertisingCurrent
1980000
CY2023Q4 us-gaap Accrued Advertising Current
AccruedAdvertisingCurrent
3473000
CY2022Q4 us-gaap Litigation Reserve Current
LitigationReserveCurrent
634000
CY2023Q4 us-gaap Litigation Reserve Current
LitigationReserveCurrent
1168000
CY2022Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
1656000
CY2023Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
1273000
CY2022Q4 us-gaap Accrued Sales Commission Current
AccruedSalesCommissionCurrent
2525000
CY2022Q4 us-gaap Construction Payable Current
ConstructionPayableCurrent
8528000
CY2023Q4 us-gaap Construction Payable Current
ConstructionPayableCurrent
8623000
CY2022Q4 xnet Share Repurchase Payable Current
ShareRepurchasePayableCurrent
1120000
CY2023Q4 xnet Share Repurchase Payable Current
ShareRepurchasePayableCurrent
2774000
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
3122000
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
3816000
CY2022Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
49438000
CY2023Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
53708000
CY2022Q4 us-gaap Loans Payable To Bank Current
LoansPayableToBankCurrent
7024000
CY2023Q4 us-gaap Loans Payable To Bank Current
LoansPayableToBankCurrent
6906000
CY2022Q4 us-gaap Long Term Loans From Bank
LongTermLoansFromBank
24750000
CY2023Q4 us-gaap Long Term Loans From Bank
LongTermLoansFromBank
15539000
CY2022Q4 us-gaap Loans Payable To Bank
LoansPayableToBank
31774000
CY2023Q4 us-gaap Loans Payable To Bank
LoansPayableToBank
22445000
CY2021 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
1000000
CY2022 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
1593000
CY2023 xnet Interest Expense Expensed
InterestExpenseExpensed
1360000
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
6906000
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
6906000
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
6906000
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
1727000
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1000000000
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.00025
CY2023 xnet Number Of Votes Per Common Share
NumberOfVotesPerCommonShare
1
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
325047736
CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
323525556
CY2020Q2 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
9667230
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
46561200
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6170000
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
8184000
CY2023 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
9676000
CY2021 us-gaap Cost Of Revenue
CostOfRevenue
118603000
CY2022 us-gaap Cost Of Revenue
CostOfRevenue
200054000
CY2023 us-gaap Cost Of Revenue
CostOfRevenue
200649000
CY2022 xnet Gains From Reversal Of Long Outstanding Payables
GainsFromReversalOfLongOutstandingPayables
3239000
CY2023 xnet Gains From Reversal Of Long Outstanding Payables
GainsFromReversalOfLongOutstandingPayables
6831000
CY2021 xnet Interest Income From Time Deposits With Original Maturities Of More Than Three Months Less Than One Year
InterestIncomeFromTimeDepositsWithOriginalMaturitiesOfMoreThanThreeMonthsLessThanOneYear
2486000
CY2022 xnet Interest Income From Time Deposits With Original Maturities Of More Than Three Months Less Than One Year
InterestIncomeFromTimeDepositsWithOriginalMaturitiesOfMoreThanThreeMonthsLessThanOneYear
2903000
CY2023 xnet Interest Income From Time Deposits With Original Maturities Of More Than Three Months Less Than One Year
InterestIncomeFromTimeDepositsWithOriginalMaturitiesOfMoreThanThreeMonthsLessThanOneYear
4354000
CY2021 xnet Subsidy Income
SubsidyIncome
3206000
CY2022 xnet Subsidy Income
SubsidyIncome
2377000
CY2023 xnet Subsidy Income
SubsidyIncome
2360000
CY2021 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
-1205000
CY2022 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
4494000
CY2023 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
1693000
CY2021 xnet Value Added Tax Deduction
ValueAddedTaxDeduction
818000
CY2022 xnet Value Added Tax Deduction
ValueAddedTaxDeduction
1220000
CY2023 xnet Value Added Tax Deduction
ValueAddedTaxDeduction
840000
CY2022 us-gaap Gain Loss On Investments
GainLossOnInvestments
437000
CY2022 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
590000
CY2023 us-gaap Rental Income Nonoperating
RentalIncomeNonoperating
199000
CY2021 xnet Other Nonoperating Income Expense Miscellaneous
OtherNonoperatingIncomeExpenseMiscellaneous
-627000
CY2022 xnet Other Nonoperating Income Expense Miscellaneous
OtherNonoperatingIncomeExpenseMiscellaneous
-535000
CY2023 xnet Other Nonoperating Income Expense Miscellaneous
OtherNonoperatingIncomeExpenseMiscellaneous
627000
CY2021 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
4678000
CY2022 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
13545000
CY2023 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
16904000
CY2021 us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
599000
CY2022 us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
361000
CY2023 us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
1389000
CY2021 us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
1888000
CY2022 us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
2543000
CY2023 us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
2965000
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
53000
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
4450000
CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
4559000
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-178000
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-382000
CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-428000
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-125000
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4068000
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4131000
CY2021 us-gaap Income Tax Holiday Aggregate Dollar Amount
IncomeTaxHolidayAggregateDollarAmount
4100000
CY2022 us-gaap Income Tax Holiday Aggregate Dollar Amount
IncomeTaxHolidayAggregateDollarAmount
5243000
CY2023 us-gaap Income Tax Holiday Aggregate Dollar Amount
IncomeTaxHolidayAggregateDollarAmount
5121000
CY2021 xnet Income Tax Holiday Income Tax Benefits Per Share Basic
IncomeTaxHolidayIncomeTaxBenefitsPerShareBasic
0.01
CY2022 xnet Income Tax Holiday Income Tax Benefits Per Share Basic
IncomeTaxHolidayIncomeTaxBenefitsPerShareBasic
0.02
CY2023 xnet Income Tax Holiday Income Tax Benefits Per Share Basic
IncomeTaxHolidayIncomeTaxBenefitsPerShareBasic
0.02
CY2021 xnet Income Tax Holiday Income Tax Benefits Per Share Diluted
IncomeTaxHolidayIncomeTaxBenefitsPerShareDiluted
0.01
CY2022 xnet Income Tax Holiday Income Tax Benefits Per Share Diluted
IncomeTaxHolidayIncomeTaxBenefitsPerShareDiluted
0.02
CY2023 xnet Income Tax Holiday Income Tax Benefits Per Share Diluted
IncomeTaxHolidayIncomeTaxBenefitsPerShareDiluted
0.02
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
246000
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
5047000
CY2023 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
3965000
CY2021 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
2571000
CY2022 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
1640000
CY2023 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
1615000
CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
47000
CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
468000
CY2023 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
306000
CY2021 us-gaap Income Tax Reconciliation Deductions
IncomeTaxReconciliationDeductions
2262000
CY2022 us-gaap Income Tax Reconciliation Deductions
IncomeTaxReconciliationDeductions
2594000
CY2023 us-gaap Income Tax Reconciliation Deductions
IncomeTaxReconciliationDeductions
3609000
CY2021 xnet Income Tax Reconciliation Effect Of Tax Holidays And Tax Concessions
IncomeTaxReconciliationEffectOfTaxHolidaysAndTaxConcessions
-4100000
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