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ZW Data Action Technologies Reports Full Year 2023 Audited Financial Results [Yahoo! Finance]

ZW Data Action Technologies Inc. (CNET) 
US:NASDAQ Investor Relations: investor.chinanet-online.com
Company Research Source: Yahoo! Finance
marketing, data analytics and other value-added services provider serving enterprise clients, today announced its audited financial results for the year ended December 31, 2023. Full Year 2023 Financial Results Revenues For the full year of 2023, revenues increased by $4.35 million, or 16.6%, to $30.59 million from $26.24 million for the previous year. The increase in revenues was primarily attributable to the increase in our main stream service revenues from the distribution of the right to use search engine marketing services business segment, as a result of the lifting of COVID-19 related restrictions, which improved the advertising investment budgets and advertising services demands of our small medium enterprises (“SMEs”) clients. Cost of revenues Total cost of revenues increased by $4.59 million, or 17.4%, to $31.02 million for the full year of 2023 from $26.43 million for the previous year. The increase in cost of revenues was primarily attributable to the increase in Show less Read more
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