Note 21 - Loss Per Share

12 Months Ended

Dec. 31, 2023

Notes to Financial Statements

Earnings Per Share [Text Block]

21. 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,
	2023			2022
	US$(’000)			US$(’000)
Net loss attributable to ZW Data Action Technologies Inc. (numerator for basic and diluted loss per share)	$	(5,974	)	$	(9,791	)
Weighted average number of common shares outstanding – Basic and diluted **		7,194,890			7,136,290
Loss per share -Basic and diluted **	$	(0.83	)	$	(1.37	)

For the years ended December 31, 2023 and 2022, the diluted loss per share calculation did not include any outstanding warrants and options to purchase the Company’s common stock, because they were out-of-the-money and their effect was anti-dilutive.

** Retrospectively restated for effect of the 1-for-5 reverse stock split on January 18, 2023, see Note 4(l).