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Datasea Inc. (Nasdaq: DTSS) is a dynamic digital technology company incorporated in Nevada, specializing in innovative businesses that merge acoustic high-tech and 5G-Artificial Intelligence (AI) multimodal communication technologies. With a commitment to advancing cutting-edge solutions, Datasea operates primarily in the United States and China.
The company leverages its advanced R&D technology to serve as the core infrastructure and backbone for its products. It focuses on a wide array of applications, from business software, healthcare, to government intelligence. Datasea’s ad-hoc query and reporting engine can discover data relationships across multiple data sources and generate reports effortlessly, akin to a search engine interface.
In the realm of Internet security, Datasea offers a suite of services and products including Internet Security Equipment, New Media Advertising Services, Micro Marketing Services, Internet Service Provider (ISP) Connecting Services, and Big Data Processing Services. The company’s business activities are predominantly conducted in China.
In 2024, Datasea announced several pivotal developments. Notably, its subsidiary Shuhai Jingwei entered a Manufacturing Cooperation Agreement with Broadway Precision Technology to accelerate the production and marketing of hi-tech intelligent acoustic deodorization and disinfection products. These upgraded products are equipped with an ultrasonic core module providing functions like odor removal, sterilization, and air purification.
Datasea also entered into a 5G AI Multimodal Communication Cooperation Agreement with Xiamen Star Miracle Information Technology, valued at approximately $30 million, to provide 5G multimodal communication services. This collaboration is set to enhance Datasea’s market presence in China’s burgeoning 5G sector.
Furthering its distribution strategy, Datasea signed a Sales Agreement worth $8.45 million with Shenzhen Xiaoranfang Marketing Co., Ltd., aimed at boosting sales of its
Datasea (NASDAQ: DTSS) has expanded its acoustic high-tech business through new agreements with 12 health management companies in Tianjin, China. These agreements will place Datasea's products in 200 additional beauty stores across Northern Chinese markets, expecting to generate sales of 120,000 units and revenue of $8.2 million by year-end 2025.
This expansion follows previous agreements with 263 beauty salons signed in December 2024, targeting 140,000 units and $11 million in revenue. The combined agreements now cover 463 stores with projected total sales of 260,000 units and revenue of $19 million by year-end 2025.
The product lineup includes acoustic sterilizers, sleep products, and 5G+AI Digital Service Systems for the beauty industry. The company forecasts full-year revenue of $90 million for its fiscal year ending June 30, 2025, and plans to expand to up to 10,000 beauty and body care locations across Northern China.
Datasea (NASDAQ: DTSS) has signed cooperation agreements with 14 beauty industry service companies to place its acoustic high-tech products in 263 beauty salons and body care stores across northern China. The agreements, signed on December 28, 2024, through subsidiary Guozhong Haoze, target sales of 140,000 acoustic high-tech products by year-end 2025, potentially generating revenue of $11 million.
The product lineup includes acoustic air sterilizers, sleep products, and a 5G AI Digital Service System specifically developed for the beauty industry. The company plans to expand its customer channel to 10,000 beauty and body care stores across Tianjin, Hebei, Beijing, and Inner Mongolia over the next 2-5 years. The system integrates 5G and AI technologies to enhance service workflows, enable precise customer need identification, and leverage big data analytics for targeted promotions.
Datasea (NASDAQ: DTSS) hosted a product promotion event '5G AI: Unlocking the Future with Sound' on November 23, 2024, showcasing its acoustic high-tech products. During the event, the company signed a strategic sales agreement with Qingrong Digital Chain Technology for up to 300,000 units of acoustic products. The five-year agreement is expected to generate approximately $20.8 million in annual sales. The event, attended by over 200 industry leaders and representatives, featured Datasea's acoustic air sterilizers and sleep aid products. The company also established strategic cooperation with the Tianjin Women Entrepreneurs Association to drive sales in North China.
Datasea (Nasdaq: DTSS) pre-announces expected revenue of $90.0 million for fiscal year 2025, representing a 275% increase from $24.0 million in fiscal 2024. The company has already achieved $31.7 million in revenue for the first four months of fiscal 2025, including $21.1 million in Q1 and $10.6 million in October 2024. Growth is primarily driven by strong performance in the 5G digital applications business, with additional contribution expected from their acoustic high-tech clean air products division.
Datasea (NASDAQ: DTSS) reported Q1 2025 revenue of $21.1 million, up 206% from $6.9 million in the same period last year, driven by growth in its 5G AI multimodal digital business segment in China. Current assets increased to $7.2 million from $2.6 million, with cash balance rising to $0.9 million from $0.2 million following a $2.25 million registered direct offering. The company's subsidiary was selected as a prospective partner by China Mobile Internet, and new 5G-AI agreements with an estimated potential value of $30 million over 12 months were secured. Additionally, the company received $4.0 million from a private placement in October 2024.
Datasea Inc. (NASDAQ: DTSS) has announced the closing of a $4.0 million private offering as of October 15, 2024. The company sold 1,932,224 shares of common stock at $2.06 per share to three investors, including its CEO and Director, who are also the company's two largest shareholders. The purchase price was equal to the closing price on September 26, 2024, when binding subscription agreements were signed. Investors have agreed to a 180-day holding period for the shares.
The funds raised will be used to support Datasea's future business operations, including:
- Investments in acoustic high-tech related products design upgrade
- Working capital for mass production and online sales
- Acquiring intellectual property
- Promotion and sales of 5G AI multimodal digital business products
CEO Zhixin Liu stated that the support from major shareholders enhances market confidence and will help accelerate the achievement of strategic goals.
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.
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