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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 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.
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