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Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues $ 3,239 $ 9,181 $ 13,190 $ 25,317
Cost of revenues 3,184 9,185 12,735 25,746
Gross (loss)/ profit 55 (4) 455 (429)
Operating expenses        
Sales and marketing expenses 75 55 208 148
General and administrative expenses 1,972 1,547 3,462 3,659
Research and development expenses 0 0 0 18
Total operating expenses 2,047 1,602 3,670 3,825
Loss from operations (1,992) (1,606) (3,215) (4,254)
Other income/(expenses)        
Interest income 66 79 233 230
Other expenses, net (2) (6) (30) (20)
Impairment on long-term investment 0 2 (2) (207)
Gain on disposal of subsidiaries 23 0 23 0
Change in fair value of warrant liabilities 0 13 0 185
Total other income/(expenses) 87 88 224 188
Loss before income tax benefit/(expense) and noncontrolling interests (1,905) (1,518) (2,991) (4,066)
Income tax benefit/(expenses) 0 (2) 4 0
Net loss (1,905) (1,520) (2,987) (4,066)
Net loss (1,905) (1,520) (2,987) (4,066)
Net loss attributable to noncontrolling interests (9) 0 7 0
Net loss attributable to ZW Data Action Technologies Inc. (1,914) (1,520) (2,980) (4,066)
Foreign currency translation income/(loss) (124) (39) (78) 163
Comprehensive Loss (2,029) (1,559) (3,065) (3,903)
Comprehensive income attributable to noncontrolling interests 9 (0) (7) (0)
Comprehensive loss attributable to ZW Data action Technologies Inc. $ (2,038) $ (1,559) $ (3,058) $ (3,903)
Loss per share        
Basic and diluted** (in dollars per share) [1],[2] $ (1.06) $ (0.84) $ (1.65) $ (2.26)
Weighted average number of common shares outstanding:        
Basic and diluted** (in shares) [1],[2] 1,805,289 1,801,213 1,802,582 1,797,999
[1] * Retrospectively restated for effect of the 1-for-4 reverse stock split effective on September 30, 2024, see Note 4(g).
[2] **Retrospectively restated for effect of the 1-for-4 reverse stock split effective on September 30, 2024, see Note 4(g).