ChinaNet-Online Holdings, Inc. (Nasdaq:CNET) ("ChinaNet" or the
"Company"), an integrated online advertising, precision marketing
and data-analysis and management services platform, today announced
its unaudited financial results for the fourth quarter of 2017 and
audited financial results for the full year of 2017.
Fourth Quarter 2017
Highlights
- Net revenues increased by 64.1% to $15.3 million from $9.4
million in the corresponding period of 2016.
- Revenues from search engine marketing and data service
increased by 121.1% to $13.1 million from $5.9 million in the
corresponding period of 2016.
- Total operating expenses as a percentage of total revenue
decreased to 40.7% from 42.9% in the corresponding period of
2016.
Full Year 2017 Highlights
- Net revenues increased by 34.2% to $46.6 million from $34.8
million in 2016.
- Revenues from search engine marketing and data service
increased by 111.9% to $37.4 from $17.6 million in 2016.
- Total operating expenses as a percentage of total revenue
decreased to 30.1% from 40.0% in 2016.
Mr. Handong Cheng, Chairman, President and Chief
Executive Officer of CNET, stated, “2017 has been a transitional
year for us. Realizing that our small-to-medium enterprise or SME
customers are struggling as the Chinese economy slows down, we have
actively migrated our business focus towards servicing larger
customers and providing search-engine advertising solutions. As a
result, we achieved 64.1% of year-over-year revenue growth in the
fourth quarter of 2017 and 34.2% in full year 2017.”
“At the same time, we see tremendous
opportunities in applying block chain technology to helping SMEs to
achieve better business results than ever before. To seize the new
opportunities, we have taken active steps to establish a complete
ecosystem with transaction capabilities that can help our SME
clients to target, acquire, and retain end consumers. With
favorable government policies, block chain technology is being
rapidly recognized and accepted in China. We believe that we can
leverage block chain’s decentralized systems, distributed ledgers,
immutable record, consensus protocol and provenance of assets to
provide reliable and verifiable transaction services to our clients
with higher security and protection than ever before.”
“We recently announced a strategic partnership
with Wuxi Jingtum Network Technology to jointly develop our block
chain technology. As we further enhance our block chain
capabilities, we will provide our shareholders relevant updates
regarding the strategies and applications of our block chain
technology. We will remain focused on establishing and improving
our close-loop B2B2C ecosystem with our block chain technology as
its foundation. We are confident that we have the right strategy
and team in place to secure a market leading position in
China.”
Mr. Zhige Zhang, Chief Financial Officer of
CNET, stated, “We are pleased to report another quarter of solid
topline performance rounding out a strong year of 2017. For the
fourth quarter and full year of 2017, our total revenues grew by
64.1% and 34.2% year over year, respectively. At the same time, we
also continued to execute our cost control initiatives which
resulted in reductions in our total operating expenses in 2017. Our
sales and marketing, general and administrative, and research and
development expenses for the full year decreased by 32.9%, 2.7%,
and 36.8% year over year, respectively. Recently in January 2018,
we successfully raised $11.0 million of capital through an equity
offering, thus providing the necessary foundation for future
development of block chain applications.”
Fourth Quarter 2017 Financial
Results
NET REVENUES Net revenues
increased by 64.1% to $15.3 million in the fourth quarter of 2017
from $9.4 million in the corresponding period of 2016, primarily
driven by the increase in search engine marketing and data service
revenue.
Search engine marketing and data service revenue
for the fourth quarter of 2017 increased by 121.1% to $13.1 million
from $5.9 million in the corresponding period of 2016. The growth
was primarily attributable to the rapid expansion of the Company’s
search engine marketing client base as enterprises in China
continued to migrate to search engine marketing from other
advertising and marketing channels for its more direct results and
higher return on investments.
COST OF REVENUES AND GROSS
PROFIT Cost of revenues was $15.1 million in the fourth
quarter of 2017, compared to $7.7 million in the corresponding
period of 2016. The growth was primarily attributable to a
significant increase in revenue contributions from search engine
marketing and data service in the fourth quarter of 2017, which
have higher resources costs as the Company has obtained marketing
access to the most popular search engines, internet portals and
mobile portals in China.
Gross profit in the fourth quarter of 2017, as a
result of increased cost of revenues, was $0.3 million, compared to
$1.6 million in the corresponding period of 2016.
OPERATING LOSSOperating
expenses in the fourth quarter of 2017 was $6.2 million, compared
to $4.0 million in the corresponding period of 2016. As a
percentage of total revenues, operating expenses decreased to 40.7%
from 42.9% in the corresponding period of 2016.
Sales and marketing expenses in the fourth
quarter of 2017 decreased by 66.7% to $0.3 million from $1.0
million in the corresponding period of 2016. As a percentage of
total revenues, sales and marketing expenses decreased to 2.2% from
10.7% in the corresponding period of 2016. The decrease was
primarily attributable to the successful execution of the Company’s
cost control initiatives which resulted in a reduction in the
headcount and staff salaries of the Company’s sales and marketing
departments as well as lower advertising expenses in the fourth
quarter of 2017.
General and administrative expenses in the
fourth quarter of 2017 increased by 28.7% to $3.1 million from $2.4
million in the corresponding period of 2016. The growth in general
and administrative expenses was primarily due to a $1.4 million
increase in share-based compensation in the fourth quarter of 2017,
which was partially offset by reductions in the Company’s bad debt
expenses, office rental expenses, staff salaries and other
administrative expenses. As a percentage of total revenues, general
and administrative expenses decreased to 20.0% from 25.4% in the
corresponding period of 2016.
Research and development expenses in the fourth
quarter of 2017 decreased by 46.6% to $0.2 million from $0.5
million in the corresponding period of 2016. As a percentage of
total revenues, research and development expenses decreased to 1.6%
from 5.0% in the corresponding period of 2016. The decrease was due
to reduced headcount in the Company’s research and development
department and its efforts to further optimize its cost and expense
structures in the fourth quarter of 2017.
Impairment on long-term investments in the
fourth quarter of 2017 was $44.0 thousand, compared to $159.0
thousand in the corresponding period of 2016.
In the fourth quarter of 2017, the Company
incurred $2.6 million of impairment of intangible assets, as the
Company realigned its growth strategies, transformed its business
structures, and re-assessed the values of its past
acquisitions.
Operating loss in the fourth quarter of 2017 was
$6.0 million, compared to $2.4 million in the corresponding period
of 2016.
NET LOSSNet loss attributable
to ChinaNet Online Holdings, Inc. was $6.2 million in the fourth
quarter of 2017, compared to $2.3 million in the corresponding
period of 2016.
BALANCE SHEETAs of December 31,
2017, the Company had cash and cash equivalents of $3.0 million,
consistent with the corresponding period of 2016. Advances from
customers was $3.6 million at the end of 2017, up 150.6% from $1.4
million at the end of 2016.
Full Year 2017 Financial
ResultsFor the full year of 2017, total revenues increased
by 34.2% to $46.6 million from $34.8 million in 2016, primarily
driven by a 111.9% year-over-year increase in search engine
marketing and data services.
Gross profit for the full year of 2017 was $4.6
million, compared to $7.8 million in 2016. The decrease was
primarily due to an increased revenue contribution from search
engine marketing and data service in 2017, which has a relatively
lower profit margin.
Operating expenses for the full year of 2017
increased slightly to $14.1 million from $13.9 million in the 2016.
The increase was primarily due to a $2.6 million impairment of
intangible assets that the Company incurred in 2017. As a
percentage of total revenues, operating expenses for the full year
of 2017 was 30.1%, compared to 40.0% in 2016.
Sales and marketing expenses for the full year
of 2017 decreased by 32.9% to $2.7 million from $4.1 million in
2016. General and administrative expenses for the full year of 2017
decreased by 2.7% to $7.5 million from $7.7 million in 2016.
Research and development expenses for the full year of 2017
decreased by 36.8% to $1.3 million from $2.0 million in 2016. The
decrease in operating expenses were mainly due to the Company’s
effort to optimize its cost and expense structures.
Net loss attributable to ChinaNet Online
Holdings, Inc. for the full year of 2017 was $10.1 million,
compared to $6.5 million in 2016.
Recent DevelopmentOn January
17, 2018, the Company closed a registered direct offering raising
approximately $11 million from selling its common stock at a price
of $5.15 per share. After deducting offering expenses, the net
proceeds will be used for general working capital purposes.
About ChinaNet Online Holdings,
Inc.ChinaNet Online Holdings, Inc., a parent company of
ChinaNet Online Media Group Ltd., incorporated in the BVI
(ChinaNet), is an integrated online advertising, precision
marketing and data-analysis and management services platform.
ChinaNet provides prescriptive analysis for its clients to improve
business outcomes and to create more efficient enterprises. The
Company leverages an optimization framework, provided by its
comprehensive data-analysis infrastructure, to blend data,
mathematical, and computational sciences into an outcome management
platform for which it monetizes on a per client basis. ChinaNet
uniquely optimizes and prescribes its clients decision making
processes based on its proprietary ecosystem. For more information,
visit www.chinanet-online.com.
Safe Harbor StatementThis
release contains certain "forward-looking statements" relating to
the business of ChinaNet Online Holdings, Inc., which can be
identified by the use of forward-looking terminology such as
"believes," "expects," "anticipates," "estimates" or similar
expressions. Such forward-looking statements involve known and
unknown risks and uncertainties, including business uncertainties
relating to government regulation of our industry, market demand,
reliance on key personnel, future capital requirements, competition
in general and other factors that may cause actual results to be
materially different from those described herein as anticipated,
believed, estimated or expected. Certain of these risks and
uncertainties are or will be described in greater detail in our
filings with the Securities and Exchange Commission. These
forward-looking statements are based on ChinaNet's current
expectations and beliefs concerning future developments and their
potential effects on the Company. There can be no assurance that
future developments affecting ChinaNet will be those anticipated by
ChinaNet. These forward-looking statements involve a number of
risks, uncertainties (some of which are beyond the control of the
Company) or other assumptions that may cause actual results or
performance to be materially different from those expressed or
implied by such forward-looking statements. ChinaNet undertakes no
obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise, except as may be required under applicable securities
laws.
Investor Relations ContactICR,
Inc.Jack WangTel: +1-646-308-1635Email: CNET@icrinc.com
|
CHINANET ONLINE HOLDINGS, INC. |
CONSOLIDATED STATEMENTS OF OPERATIONS AND
COMPREHENSIVE LOSS |
(In thousands, except for number of shares and
per share data) |
|
|
|
Three Months Ended December 31, |
|
Year Ended December 31, |
|
|
2017 |
|
2016 |
|
2017 |
|
2016 |
|
|
(US $) |
|
(US $) |
|
(US $) |
|
(US $) |
|
|
(Unaudited) |
|
(Unaudited) |
|
|
|
|
Revenues |
|
|
|
|
|
|
|
|
From unrelated parties |
|
$ |
15,427 |
|
|
$ |
9,283 |
|
|
$ |
46,598 |
|
|
$ |
34,300 |
|
From related parties |
|
|
(81 |
) |
|
|
69 |
|
|
|
35 |
|
|
|
450 |
|
Total revenues |
|
|
15,346 |
|
|
|
9,352 |
|
|
|
46,633 |
|
|
|
34,750 |
|
Cost of revenues |
|
|
15,065 |
|
|
|
7,730 |
|
|
|
42,020 |
|
|
|
26,999 |
|
Gross profit |
|
|
281 |
|
|
|
1,622 |
|
|
|
4,613 |
|
|
|
7,751 |
|
|
|
|
|
|
|
|
|
|
Operating expenses |
|
|
|
|
|
|
|
|
Sales and marketing expenses |
|
|
335 |
|
|
|
1,005 |
|
|
|
2,734 |
|
|
|
4,074 |
|
General and administrative expenses |
|
|
3,062 |
|
|
|
2,380 |
|
|
|
7,464 |
|
|
|
7,670 |
|
Research and development expenses |
|
|
249 |
|
|
|
466 |
|
|
|
1,261 |
|
|
|
1,996 |
|
Impairment on long-term investments |
|
|
44 |
|
|
|
159 |
|
|
|
44 |
|
|
|
159 |
|
Impairment on intangible assets |
|
|
2,552 |
|
|
|
- |
|
|
|
2,552 |
|
|
|
- |
|
Total
operating expenses |
|
|
6,242 |
|
|
|
4,010 |
|
|
|
14,055 |
|
|
|
13,899 |
|
|
|
|
|
|
|
|
|
|
Loss from
operations |
|
|
(5,961 |
) |
|
|
(2,388 |
) |
|
|
(9,442 |
) |
|
|
(6,148 |
) |
|
|
|
|
|
|
|
|
|
Other income (expenses) |
|
|
|
|
|
|
|
|
Interest income |
|
|
1 |
|
|
|
18 |
|
|
|
40 |
|
|
|
90 |
|
Interest expense |
|
|
(38 |
) |
|
|
(9 |
) |
|
|
(147 |
) |
|
|
(13 |
) |
Other expenses |
|
|
(3 |
) |
|
|
- |
|
|
|
(211 |
) |
|
|
(112 |
) |
Total
other income/(expenses) |
|
|
(40 |
) |
|
|
9 |
|
|
|
(318 |
) |
|
|
(35 |
) |
|
|
|
|
|
|
|
|
|
Loss before
income tax expense, noncontrolling interests anddiscontinued
operation |
|
|
(6,001 |
) |
|
|
(2,379 |
) |
|
|
(9,760 |
) |
|
|
(6,183 |
) |
Income tax benefit/(expense) |
|
|
(136 |
) |
|
|
53 |
|
|
|
(251 |
) |
|
|
(102 |
) |
Loss from
continuing operations |
|
|
(6,137 |
) |
|
|
(2,326 |
) |
|
|
(10,011 |
) |
|
|
(6,285 |
) |
Income/(Loss)
from and on disposal of discontinued operation,net of income
tax |
|
|
- |
|
|
|
1 |
|
|
|
- |
|
|
|
(59 |
) |
Net
loss |
|
|
(6,137 |
) |
|
|
(2,325 |
) |
|
|
(10.011 |
) |
|
|
(6,344 |
) |
Net
income attributable to noncontrolling interests from continuing
operations |
|
|
(25 |
) |
|
|
(4 |
) |
|
|
(114 |
) |
|
|
(148 |
) |
Net loss
attributable to ChinaNet Online Holdings, Inc. |
|
$ |
(6,162 |
) |
|
$ |
(2,329 |
) |
|
$ |
(10,125 |
) |
|
$ |
(6,492 |
) |
Net loss |
|
$ |
(6,137 |
) |
|
$ |
(2,325 |
) |
|
$ |
(10,011 |
) |
|
$ |
(6,344 |
) |
Foreign currency
translation gain/(loss) |
|
|
135 |
|
|
|
(747 |
) |
|
|
907 |
|
|
|
(1,377 |
) |
Comprehensive
loss |
|
$ |
(6,002 |
) |
|
$ |
(3,072 |
) |
|
$ |
(9,104 |
) |
|
$ |
(7,721 |
) |
Comprehensive income
attributable to noncontrolling interests |
|
|
(66 |
) |
|
|
(14 |
) |
|
|
(123 |
) |
|
|
(127 |
) |
Comprehensive loss
attributable to ChinaNet Online Holdings,
Inc. |
|
$ |
(6,068 |
) |
|
$ |
(3,086 |
) |
|
$ |
(9,227 |
) |
|
$ |
(7,848 |
) |
|
|
|
|
|
|
|
|
|
Loss per
share |
|
|
|
|
|
|
|
|
Loss from continuing
operations per common share |
|
|
|
|
|
|
|
|
Basic and diluted |
|
$ |
(0.50 |
) |
|
$ |
(0.20 |
) |
|
$ |
(0.84 |
) |
|
$ |
(0.57 |
) |
Loss from discontinued
operations per common share |
|
|
|
|
|
|
|
|
Basic and diluted |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
(0.01 |
) |
|
|
|
|
|
|
|
|
|
Weighted
average number of common shares outstanding: |
|
|
|
|
|
|
|
|
Basic and diluted |
|
|
12,406,825 |
|
|
|
11,370,565 |
|
|
|
12,116,783 |
|
|
|
11,357,907 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CHINANET ONLINE HOLDINGS, INC. |
CONSOLIDATED BALANCE SHEETS |
(In thousands, except for number of shares and
per share data) |
|
|
|
As of December 31, |
|
|
|
2017 |
|
2016 |
|
|
|
(US $) |
|
(US $) |
Assets |
|
|
|
|
|
Current assets: |
|
|
|
|
|
Cash and
cash equivalents |
|
|
$ |
2,952 |
|
$ |
3,035 |
Term
deposit |
|
|
|
- |
|
|
3,056 |
Accounts
receivable, net |
|
|
|
7,215 |
|
|
3,322 |
Other
receivables, net |
|
|
|
2,646 |
|
|
89 |
Prepayment and deposit to suppliers |
|
|
|
4,073 |
|
|
4,760 |
Due from
related parties, net |
|
|
|
14 |
|
|
213 |
Total current assets |
|
|
|
16,900 |
|
|
14,475 |
|
|
|
|
|
|
Long-term
investments |
|
|
|
918 |
|
|
1,340 |
Property and equipment,
net |
|
|
|
299 |
|
|
471 |
Intangible assets,
net |
|
|
|
3,808 |
|
|
7,264 |
Goodwill |
|
|
|
5,277 |
|
|
4,970 |
Deferred tax assets,
net |
|
|
|
1,358 |
|
|
1,522 |
Total Assets |
|
|
$ |
28,560 |
|
$ |
30,042 |
|
|
|
|
|
|
Liabilities and
Equity |
|
|
|
|
|
Current liabilities: |
|
|
|
|
|
Short-term bank loan |
|
|
$ |
765 |
|
$ |
721 |
Accounts
payable |
|
|
|
2,851 |
|
|
102 |
Advances
from customers |
|
|
|
3,559 |
|
|
1,420 |
Accrued
payroll and other accruals |
|
|
|
559 |
|
|
685 |
Due to
investors related to terminated security purchase agreements |
|
|
|
938 |
|
|
884 |
Payable
for purchasing of software technology |
|
|
|
436 |
|
|
411 |
Taxes
payable |
|
|
|
3,168 |
|
|
2,910 |
Other
payables |
|
|
|
687 |
|
|
487 |
Total current liabilities |
|
|
|
12,963 |
|
|
7,620 |
Long-term liabilities: |
|
|
|
|
|
Long-term
borrowing from a director |
|
|
|
134 |
|
|
|
126 |
|
Total Liabilities |
|
|
|
13,097 |
|
|
|
7,746 |
|
|
|
|
|
|
|
Commitments and contingencies |
|
|
|
- |
|
|
|
- |
|
|
|
|
|
|
|
Equity: |
|
|
|
|
|
ChinaNet Online Holdings, Inc.’s stockholders’ equity |
|
|
|
|
|
Common stock (US$0.001 par value; authorized 50,000,000 shares;
issued and outstanding 13,982,542 shares and 12,158,542
shares at December 31, 2017 and 2016, respectively) |
|
|
|
14 |
|
|
|
12 |
|
Additional paid-in capital |
|
|
|
31,554 |
|
|
|
29,285 |
|
Statutory reserves |
|
|
|
2,607 |
|
|
|
2,607 |
|
Accumulated deficit |
|
|
|
(20,487 |
) |
|
|
(10,362 |
) |
Accumulated other comprehensive income |
|
|
|
1,598 |
|
|
|
700 |
|
Total ChinaNet Online Holdings, Inc.’s stockholders’ equity |
|
|
|
15,286 |
|
|
|
22,242 |
|
|
|
|
|
|
|
Noncontrolling interests |
|
|
|
177 |
|
|
|
54 |
|
Total equity |
|
|
|
15,463 |
|
|
|
22,296 |
|
|
|
|
|
|
|
Total Liabilities and Equity |
|
|
$ |
28,560 |
|
|
$ |
30,042 |
|
|
|
|
|
|
|
|
|
|
|
|
CHINANET ONLINE HOLDINGS, INC. |
CONSOLIDATED STATEMENTS OF CASH
FLOWS |
(In thousands) |
|
|
|
Year Ended December 31, |
|
|
|
|
2017 |
|
2016 |
|
|
|
|
(US $) |
|
(US $) |
|
|
|
|
|
|
|
|
|
Cash flows from operating
activities |
|
|
|
|
|
|
Net
loss |
|
$ |
(10,011 |
) |
|
$ |
(6,344 |
) |
|
|
Adjustments to
reconcile net loss to net cash
used in operating activities |
|
|
|
|
|
|
Depreciation and amortization |
|
|
1,422 |
|
|
|
1,572 |
|
|
|
Share-based compensation expenses |
|
|
2,271 |
|
|
|
2,309 |
|
|
|
Provision
of allowances for doubtful accounts |
|
|
1,462 |
|
|
|
368 |
|
|
|
Impairment on intangible assets |
|
|
2,552 |
|
|
|
- |
|
|
|
Impairment on long-term investments |
|
|
44 |
|
|
|
159 |
|
|
|
Loss on
deconsolidation of VIEs |
|
|
- |
|
|
|
9 |
|
|
|
Loss on
disposal of fixed assets |
|
|
2 |
|
|
|
116 |
|
|
|
Deferred
taxes |
|
|
251 |
|
|
|
102 |
|
|
|
Changes in
operating assets and liabilities |
|
|
|
|
|
|
Accounts
receivable |
|
|
(4,848 |
) |
|
|
(975 |
) |
|
|
Other
receivables |
|
|
78 |
|
|
|
1,527 |
|
|
|
Prepayment and deposit to suppliers |
|
|
948 |
|
|
|
1,144 |
|
|
|
Due from
related parties |
|
|
(7 |
) |
|
|
(336 |
) |
|
|
Accounts
payable |
|
|
2,654 |
|
|
|
(137 |
) |
|
|
Advances
from customers |
|
|
1,985 |
|
|
|
(362 |
) |
|
|
Accrued
payroll and other accruals |
|
|
(141 |
) |
|
|
(21 |
) |
|
|
Other
payables |
|
|
(58 |
) |
|
|
413 |
|
|
|
Taxes
payable |
|
|
76 |
|
|
|
19 |
|
|
|
Commitment and contingencies |
|
|
- |
|
|
|
(126 |
) |
|
|
Net cash used in
operating activities |
|
|
(1,320 |
) |
|
|
(563 |
) |
|
|
|
|
|
|
|
|
|
Cash flows from investing activities |
|
|
|
|
|
|
Payment
for office equipment and leasehold improvement |
|
|
(4 |
) |
|
|
(148 |
) |
|
|
Payment
for purchasing of software technology |
|
|
- |
|
|
|
(1,969 |
) |
|
|
Term
deposit matured during the period |
|
|
3,140 |
|
|
|
- |
|
|
|
Long-term
investment in cost method investees |
|
|
- |
|
|
|
(470 |
) |
|
|
Withdraw
long-term investment in cost method investees |
|
|
444 |
|
|
|
- |
|
|
|
Short-term loan to an unrelated party |
|
|
(2,814 |
) |
|
|
- |
|
|
|
Repayment
of short-term loan from an unrelated party |
|
|
296 |
|
|
|
- |
|
|
|
Proceeds
from disposal of VIEs |
|
|
- |
|
|
|
28 |
|
|
|
Cash
effect on deconsolidation of a VIE |
|
|
- |
|
|
|
(17 |
) |
|
|
Net cash
provided by/(used in) investing
activities |
|
|
1,062 |
|
|
|
(2,576 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash flows from financing
activities |
|
|
|
|
Proceeds from short-term bank loan |
|
|
|
|
741 |
|
|
|
|
753 |
|
|
|
Repayment of short-term bank loan |
|
|
|
|
(741 |
) |
|
|
|
- |
|
|
|
Net cash provided by financing
activities |
|
|
|
|
- |
|
|
|
|
753 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Change in cash and cash equivalents included in assets
classified as held for sale |
|
|
|
|
- |
|
|
|
|
177 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Effect of exchange rate fluctuation on cash and cash
equivalents |
|
|
|
|
175 |
|
|
|
|
(259 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net decrease in cash and cash
equivalents |
|
|
|
|
(83 |
) |
|
|
|
(2,468 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents at beginning of the year |
|
|
|
|
3,035 |
|
|
|
|
5,503 |
|
|
|
Cash and cash equivalents at end of the year |
|
|
|
$ |
2,952 |
|
|
|
$ |
3,035 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ZW Data Action Technolog... (NASDAQ:CNET)
Historical Stock Chart
From Sep 2024 to Oct 2024
ZW Data Action Technolog... (NASDAQ:CNET)
Historical Stock Chart
From Oct 2023 to Oct 2024