Datasea Inc Stock Price, News & Analysis

Datasea Inc. (NASDAQ: DTSS) reported remarkable fiscal results for the year ended June 30, 2022, with revenue surging to $17.08 million, marking a 9,653% increase year-over-year. This growth was primarily driven by the adoption of its 5G messaging solutions. Gross profit rose to $955,673, up 917% from the previous year due to robust service delivery. The company has signed $41.72 million in 5G messaging contracts, while also expanding its acoustic intelligence and smart city offerings. Notably, Datasea is engaging in regulatory discussions and enhancing its marketing strategies to solidify its market position.

Datasea (NASDAQ: DTSS) has successfully delivered its Smart Hotel Solution to China Mobile Construction Nanjing Co., Ltd. following a $961,000 procurement agreement. This solution enhances customer experience and operational efficiency within the hospitality sector by streamlining IT operations and centralizing data. CEO Zhixin Liu emphasized the growing demand for smart city solutions in China, positioning Datasea to benefit from an upward trend in IoT applications. The company focuses on smart city technology, acoustic intelligence, and 5G messaging.

Datasea (NASDAQ: DTSS) has announced a five-year manufacturing agreement with Antuopu for its Ultrasonic Sound Air Disinfection Equipment, which utilizes acoustic intelligence technology achieving 99.83% efficacy against Covid-19 in just nine seconds. The partnership aims for a global market rollout following prototype confirmation. Antuopu's extensive production capacity ensures efficient fulfillment of orders. Additionally, Datasea is pursuing multiple certifications to enhance product credibility in international markets, including the U.S. and Europe.

Datasea Inc. (NASDAQ: DTSS) announced a procurement agreement through its subsidiary, Shuhai Jingwei, with Shenzhen Huanchen Technology Co., Ltd. for 5G messaging services. This agreement, valued at RMB 30 million (approximately USD 4.4 million), covers a twelve-month term and includes prepaid service fees. CEO Zhixin Liu emphasized the company's commitment to enhancing 5G messaging as an effective marketing tool, indicating strong growth potential in this market. The partnership aligns with Datasea's strategy to capitalize on increasing demand for innovative marketing solutions in China's vibrant technology sector.

Datasea Inc. (NASDAQ: DTSS) announced successful test results from the Wuhan Institute of Virology for its Ultrasonic Sound Sterilization and Antivirus Equipment, achieving a 99.83% disinfection rate against SARS-CoV-2 in just nine seconds. This breakthrough addresses the increased demand for effective sterilization due to the COVID-19 pandemic. The device offers fast, contactless disinfection without environmental damage. CEO Zhixin Liu expressed optimism about the partnership with the prestigious laboratory and the potential impact on infection transmission control.

Datasea Inc. (NASDAQ: DTSS) announced a significant purchase agreement between its subsidiary, Guohao Century, and Hangzhou Runsheng Network Technology on July 18, 2022. This agreement, valued at approximately USD 22.3 million, highlights an increasing demand for Datasea's 5G messaging services. Guohao Century will provide services including recharge payment options and telecommunication value-added services, thereby facilitating enhanced marketing efforts for Hangzhou Runsheng. CEO Zhixin Liu emphasized that this partnership positions Datasea favorably for achieving revenue and profitability goals.

Datasea Inc. (NASDAQ: DTSS) has expanded its customer base via its subsidiary, Shuhai Zhangxun, which offers Smart Push, a 5G messaging precision marketing solution. The company added eight new enterprise clients, with service fees ranging from RMB 2,000 to RMB 80,000. Shuhai Zhangxun's platform allows businesses to send personalized messages to target audiences effectively. This technology combines big data and 5G for improved marketing experiences. Datasea aims to enhance user engagement through personalized content across various industries, positioning itself as a leader in the 5G messaging sector.

Datasea Inc. (NASDAQ: DTSS) has announced a procurement agreement through its subsidiary Shuhai Jingwei with Zhangzhou Baina Intelligent Technology Co., Ltd. The agreement, valued at approximately USD 14.99 million, focuses on providing 5G messaging services to enhance customer interactions and operational efficiency in smart city solutions. It encompasses messaging recharge payment services and other telecommunications value-added services. The term of the agreement is set for six months, reflecting Datasea's commitment to advance innovative communication in smart technology.

Datasea (NASDAQ: DTSS) announced a marketing partnership with Shenzhen Daxin Jike Association to enhance its 5G messaging solutions in China. The Company has upgraded its sales model and expanded its sales team, adopting an integrated strategy that includes utilizing marketing partners and direct sales. Daxin Jike will assist small and medium-sized businesses in accelerating digital transformation through Datasea’s 5G integrated message marketing cloud platform. CEO Zhixin Liu highlighted the partnership as a milestone to diversify products and improve profit margins.