Jaguar8 commented on a stock · Oct 10, 2024 21:46

NEWS

Datasea Pre-announces Estimated First Quarter 2025 Fiscal Year Revenue of approximately $22.7 Million, Up 230% Year-Over-Year

Datasea Inc. (Nasdaq: DTSS) has pre-announced its estimated revenue for the first quarter of fiscal year 2025, ending September 30, 2024. The company expects revenue of approximately $22.7 million, representing a 230% increaseyear-over-year from $6.88 million in Q1 FY2024. This projected revenue nearly matches Datasea's full revenue for fiscal year 2024, which was about $23.98 million.
The significant revenue growth is primarily attributed to the rapid expansion of Datasea's 5G AI multimodal digital business in China. CEO Zhixin Liu highlighted the progress made in this segment, benefiting from major service contracts signed since August 2024. The company plans to maintain growth momentum through product diversification, expanding its key customer base, and advancing technology innovations.
Additionally, Datasea's acoustic high-tech business is gaining market recognition, with improved response to products aimed at creating healthier and safer living environments.

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Jaguar8

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