On Thursday, the stock price of datasea (DTSS.US) surged rapidly, rising by 25% at one point during the day, and as of the time of writing, it has increased by over 20%, trading at $2.6942.
According to the Wisdom Financial APP, on Thursday, the stock price of datasea (DTSS.US) surged rapidly, rising by 25% at one point during the day, and as of the time of writing, it has increased by over 20%, trading at $2.6942. On the news front, the company announced in advance today that the projected revenue for the first quarter of the fiscal year 2025 ending September 30, 2024 is approximately $22.7 million, representing a growth of about 230% from the first quarter of the 2024 fiscal year which was $6.88 million. The projected revenue is nearly equivalent to the full-year revenue of $23.98 million for 2024 fiscal year. The strong revenue growth is primarily attributed to datasea's rapid expansion in the business of 5g, ai, and multimodal digital services in China.
