BEIJING, Oct. 10,
2024 /PRNewswire/ -- Datasea Inc. (Nasdaq: DTSS)
("Datasea" or the "Company"), a Nevada-registered digital technology company
focused on innovations in acoustics high-tech and 5G AI multimodal
digital technologies, today pre-announced that its revenue for the
first quarter of fiscal year 2025, ending September 30, 2024, is expected to be
approximately $22.7 million. This
represents an increase of approximately $15.8 million, or 230%, compared to $6.88 million in revenue for the first quarter of
fiscal year 2024. The projected revenue almost matches the
Company's full revenue for fiscal year 2024, which was
approximately $23.98 million. The
strong revenue growth is primarily attributable to the rapid
expansion of Datasea's 5G AI multimodal digital business in
China.
Datasea's CEO, Ms. Zhixin Liu,
commented: "Our 5G AI multimodal digital business continued to make
progress in the first quarter, benefiting from the significant
service contracts signed with several major clients since
August 2024. We expect this business
segment to maintain its growth momentum, with significant advances
in both technology innovation and geographic expansion. We plan to
continue expanding our market share moving forward by focusing on
product diversification, expanding our key customer base, and
advancing technology innovations." She further added: "We are also
pleased to see our acoustic high-tech business gaining market
recognition. Our products, aimed at creating healthier and safer
living environments, are seeing improved market response as we
implement our marketing and sales strategies."
About Datasea Inc.
Datasea Inc. ("Datasea") is a leading provider of products,
services, and solutions for enterprise and retail customers in two
innovative industries, acoustic high tech and 5G-AI multimodal
digitalization. The Company's advanced R&D technology serves as
the core infrastructure and backbone for its products. Its 5G
multimodal digital segment operates on a cloud platform based on
AI. Datasea leverages cutting-edge technologies, precision
manufacturing, and ultrasonic, infrasound and directional sound
technology in its acoustics business to combat viruses and prevent
human infections, and it is also developing applications in medical
ultrasonic cosmetology. In July 2023,
Datasea established a wholly-owned subsidiary, Datasea Acoustics
LLC, in Delaware, in a strategic
move to enter the U.S. markets and to mark its global expansion
plan. For additional information, please visit
www.dataseainc.com.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of Section 21E of the Securities Exchange Act of 1934
and as defined in the U.S. Private Securities Litigation Reform Act
of 1995. These forward-looking statements can be identified by
terminology such as "will", "expects", "anticipates", "future",
"intends", "plans", "believes", "estimates", "target", "going
forward", "outlook," "objective" and similar terms. Such
statements are based upon management's current expectations and
current market and operating conditions, and relate to events that
involve known or unknown risks, uncertainties and other factors,
all of which are difficult to predict and which are beyond
Datasea's control, which may cause Datasea's actual results,
performance or achievements (including the RMB/USD value of its
anticipated benefit to Datasea as described herein) to differ
materially and in an adverse manner from anticipated results
contained or implied in the forward-looking statements. Further
information regarding these and other risks, uncertainties or
factors is included in Datasea's filings with the SEC, which are
available at www.sec.gov. Datasea does not undertake any obligation
to update any forward-looking statement as a result of new
information, future events or otherwise, except as required under
law.
Investor and Media Contact:
Datasea Investor
Relations
Email: investorrelations@shuhaixinxi.com
sunhezhi@shuhaixinxi.com
View original
content:https://www.prnewswire.com/news-releases/datasea-pre-announces-estimated-first-quarter-2025-fiscal-year-revenue-of-approximately-22-7-million-up-230-year-over-year-302272898.html
SOURCE Datasea Inc.