22.

Loss per share

 

Basic and diluted loss per share for each of the years presented is calculated as follows (All amounts, except number of shares and per share data, are presented in thousands of U.S. dollars):

 

   

Year Ended December 31,

 
   

2025

   

2024

 
   

US$(’000)

   

US$(’000)

 
                 

Net loss attributable to ZW Data Action Technologies Inc. (numerator for basic and diluted loss per share)

  $ (1,770 )   $ (3,761 )
                 

Weighted average number of common shares outstanding – Basic and diluted **

    2,655,963       2,021,492  
                 

Loss per share -Basic and diluted **

  $ (0.67 )   $ (1.86 )

 

** Retrospectively restated for effects of the 1-for-4 reverse stock split effective on September 30, 2024, respectively, See Note 4(l).

Historical Timeline

Fiscal YearFiled
2025Mar 31, 2026Showing above
2024Apr 15, 2025
2023Jun 28, 2024
2022Apr 17, 2023
2021Apr 15, 2022
2020Apr 13, 2021
2019May 27, 2020
2018Apr 15, 2019

About Earnings Per Share Disclosures

The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.

Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.