Datasea Inc Stock Price, News & Analysis

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% increase year-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.

Datasea Inc. (NASDAQ: DTSS) reported significant financial growth for fiscal year 2024, with revenue increasing by 558.6% to $24.0 million, primarily due to the rapid expansion of its 5G AI multimodal digital business in China. The company's capital reserve balance increased by 61.3% to $39.0 million, while noncurrent liabilities decreased to zero.

Key highlights include:

• Technological advancements in 5G AI multimodal digital technology
• Expansion of acoustic product distribution in the U.S. market
• Partnerships with major clients and retailers
• Launch of new acoustic health products

CEO Zhixin Liu emphasized the company's commitment to technological innovation and global expansion strategies in both the 5G AI and acoustics businesses.

Datasea Inc. (NASDAQ: DTSS) has announced new 5G-AI multimodal agreements through its Chinese subsidiaries, Shuhai Information and Guozhong Times, with Qingdao Ruizhi Yixing Information Technology. The agreements, signed on August 12, 2024, have already generated $9.0 million in 5G-AI services as of September 12, 2024. The 12-month contracts, starting August 9, 2024, are estimated to have a total value of $30 million.

These agreements are expected to significantly boost Datasea's fiscal 2025 revenue and expand its position in China's 5G application market. The company will provide advanced 5G-AI multimodal services, including specialized marketing tools, to meet Qingdao Ruizhi Yixing's business customers' needs. This collaboration demonstrates the growing demand for 5G value-added services and Datasea's ability to deliver innovative solutions at scale.

Datasea Inc. (Nasdaq: DTSS) announced that its subsidiary, Heilongjiang Xunrui Technology, has been selected as a prospective partner by China Mobile Internet, a subsidiary of China Mobile. This selection allows Xunrui Technology to be considered for specific project cooperation contracts, leveraging Datasea's 5G-AI multimodal communication technologies. The partnership aims to promote joint development of communications and internet innovations, potentially contributing to Datasea's future revenue growth.

This selection is seen as a major milestone for Datasea, confirming its achievements in technological innovation and market expansion. It offers opportunities for growth in existing businesses, potentially broadening market channels and enhancing brand influence. China Mobile Internet, responsible for creating innovative communication products across China, chose Xunrui Technology for its professional R&D capabilities, customer expansion abilities, and proven performance in the 5G-AI multimodal communication technology industry.

Datasea (NASDAQ: DTSS) has successfully closed a $2.25 million registered direct offering, selling 692,308 shares of common stock at $3.25 per share. The proceeds will be used for research and development, market development, and general corporate purposes. EF Hutton acted as the exclusive placement agent for the offering. The securities were offered under a shelf registration statement on Form S-3, effective as of July 21, 2023. Additional information can be found on the SEC's website.

Datasea (NASDAQ: DTSS) has entered into a share purchase agreement with an institutional investor to raise $2.25 million through a registered direct offering. The company will issue 692,308 shares of its common stock at $3.25 per share. The offering is anticipated to close by July 3, 2024, contingent on customary closing conditions. Proceeds will be allocated to research and development, market expansion, and general corporate purposes. EF Hutton is the exclusive placement agent for this transaction. Further details will be available in the final prospectus supplement on the SEC's website.

Datasea has announced three significant sales agreements totaling $61.7 million, aimed at boosting revenue for fiscal year 2025. The deals involve two agreements in the 5G AI communications segment and one in high-tech acoustic products. The first two agreements, signed with Shenzhen Juhaowan Technology and Shenzhen Yuzhongqing Technology, are valued at up to $30 million each, for 5G multimodal communication delivery services. The third agreement, with Tianjin Qianli Culture Communication, is valued at $1.7 million for the supply of approximately 20,000 units of high-tech acoustic products by December 31, 2024. CEO Liu Zhixin highlighted the growing traction of their 5G AI and acoustic product lines in the marketplace.

Datasea (NASDAQ: DTSS) announced a Cooperation Agreement between its Chinese entity, Shuhai Information Technology, and Beijing Haoteng Chuangxiang Technology. This Agreement aims to enhance Datasea's 5G AI multimodal business in China. The partnership began on May 11, 2024, and has already generated approximately $2.8 million in the first ten days, with a projected revenue of $86 million for the fiscal year. The Agreement allows Shuhai Information to utilize its 5G AI platform to deliver targeted advertising and market promotion services for Haoteng Chuangxiang. Datasea aims to leverage this strategic partnership to secure more lucrative contracts and strengthen its market position in high-tech intelligent acoustics and 5G AI communication technology.

Datasea Inc. (NASDAQ: DTSS) pre-announced estimated revenue of $12.5 million for April 2024, supporting its revenue guidance of $86 million for fiscal 2024, reflecting a 1,128% year-over-year increase. The Company serves over 48 million enterprises and users in China with 5G-AI multimodal communication technology, leading to a strong revenue projection. Datasea's core products include acoustic solutions for clean environments and ultrasonic sleep aids, with plans to expand its market reach in the US.