Datasea's Top Line Growth Fueled by the Expansion of its State-of-the-Art 5G+AI Multimodal Digital Segment in ChinaBEIJING, Feb. 14, 2025 /PRNewswire/ -- Datasea Inc. (NASDAQ: DTSS) ("Datasea", the "Company", "we", "us", or "our"), a Nevada−based technology company specializing in 5G+AI multimodal digital solutions and acoustic high−tech innovations, today announced its financial results for its second fiscal quarter ended December 31, 2024. The Company reported revenue of approximately $20.5 million, an in ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-38767 DATASEA INC. (Exact name of registrant as specified in its charter) | Nevada | 45-2019013 | | --- | --- | | (State or other jurisdiction of | (I.R.S. Employer | | inco ...

Gross Profit achieved a 310% Increase Year-over-Year BEIJING, Feb. 5, 2025 /PRNewswire/ -- Datasea Inc. (Nasdaq: DTSS) ("Datasea" or "the Company"), a Nevada-based digital technology company specializing in acoustics high-tech and 5G+AI multimodal digital innovations, today pre-announced that its revenue for the second quarter of fiscal year 2025, ended December 31, 2024, is expected to be approximately $20.5 million, representing an 81% increase compared to $11.3 million for the same year-ago period. Gross ...

With the New Agreements, Products to be Placed in a Total of 463 New Stores with Total Projected Sales of 260,000 Units and Revenue of $19 Million Expected by Year End 2025 BEIJING, Jan. 23, 2025 /PRNewswire/ -- Datasea Inc. (Nasdaq: DTSS), a Nevada-based digital technology company specializing in acoustic high-tech and 5G AI multimodal digital innovation ("Datasea" or "the Company"), today announced a major update for its acoustic high-tech business. Following the successful signing of agreements with 263 ...

Core Summary - The company, Datasea Inc, has signed cooperation agreements with 14 beauty industry service and management companies, targeting the sale of approximately 140,000 acoustic high-tech products by the end of 2025, which is expected to generate $11 million in revenue [1][2][3] - The agreements involve placing acoustic high-tech products in 263 beauty salons and body care stores in northern China, including Tianjin and Hebei Province, strengthening the company's market presence in the region [1] - The company plans to expand its customer base to up to 10,000 beauty and body care stores over the next 2-5 years, covering provinces in Tianjin, Hebei, Beijing, and Inner Mongolia [3][11] Product and Technology - The acoustic products included in the agreements are acoustic air sterilizers, sleep products, and the company's 5G AI Digital Service System specifically developed for beauty industry stores [2] - The 5G AI Digital System provides independent technical services to partnered stores, helping them offer better services to their customers [2] - The system integrates 5G and AI technologies to reshape service workflows, enabling precise customer need identification, personalized service recommendations, and efficient marketing through big data analytics [6] Strategic Expansion - The company aims to drive the digital transformation of the beauty and body care industry in northern China through its advanced acoustic high-tech products and 5G AI Digital Beauty System [7] - Datasea plans to continue expanding its sales channels and leveraging its technological expertise and marketing know-how to create sustainable value for merchants and consumers [7] - The company expects to increase its online and offline sales of acoustic high-tech products as the number of partner stores grows [11] Company Background - Datasea Inc is a Nevada-based digital technology company specializing in acoustic high-tech and 5G AI multimodal digital innovation, with a focus on ultrasonic, infrasound, and directional sound technology [8] - The company's 5G multimodal digital segment operates on a cloud platform based on AI, and it has established a wholly-owned subsidiary, Datasea Acoustics LLC, in Delaware to mark its global presence [8]

The agreement is expected to generate up to approximately $20.8 million annuallyBEIJING, Dec. 2, 2024 /PRNewswire/ -- Datasea Inc. (Nasdaq: DTSS) ("Datasea" or the "Company"), a Nevada digital technology company focused on innovations in acoustic high-tech and 5G AI multimodal digital technologies, today announced that, on November 23, 2024, the Company hosted a product promotion event for its acoustics high-tech products, named "5G AI: Unlocking the Future with Sound. In addition, during the event Datasea ...

BEIJING, Nov. 19, 2024 /PRNewswire/ -- Datasea Inc. (Nasdaq: DTSS) ("Datasea" or the "Company"), a Nevada-registered digital technology company focused on innovations in acoustic high-tech and 5G AI multimodal digital technologies, today pre-announced that its revenue for the fiscal year ending June 30, 2025, is expected to be approximately $90.0 million. This represents an increase of $66.0 million, or 275.0%, compared to full-year revenue of $24.0 million in fiscal year 2024.As of October 31, 2024, Datase ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-38767 DATASEA INC. (Exact name of registrant as specified in its charter) | --- | --- | |--------------------------------------------------|-----------------------| | Nevad ...

Datasea's Top-Line Performance Driven by its Further Penetration of China's 5G AI Applications SegmentBEIJING, Nov. 13, 2024 /PRNewswire/ -- Datasea Inc. (NASDAQ: DTSS) ("Datasea" or the "Company"), a Nevada-based technology firm, today released its financial results for its first fiscal quarter ended September 30, 2024, reporting robust revenue of $21.1 million, representing 206% growth year-over-year. The increase in revenue was primarily due to the continued success of the Company's leading edge 5G AI mu ...

Core Viewpoint - Datasea Inc. has successfully closed a Regulation S offering, raising approximately $4.0 million through the sale of 1,932,224 shares at $2.06 per share, with significant participation from major shareholders, including the CEO, indicating strong confidence in the company's future [1][2]. Group 1: Offering Details - The Regulation S offering was closed on October 15, 2024, with the shares sold at a price equal to the closing price on September 26, 2024 [1]. - The investors are required to hold the shares for a minimum of 180 days [1]. Group 2: Use of Proceeds - The funds raised will be allocated to support business operations, including upgrades in acoustic high-tech product design, working capital for mass production and online sales, acquiring intellectual property, and promoting 5G AI multimodal digital business products [2]. Group 3: Company Overview - Datasea Inc. specializes in acoustic high-tech and 5G-AI multimodal digitalization, leveraging advanced R&D technology as the backbone for its products [3]. - The company has established a wholly-owned subsidiary, Datasea Acoustics LLC, in Delaware to facilitate its entry into the U.S. market as part of its global expansion strategy [3].