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Datasea Inc. - DTSS STOCK NEWS

Welcome to our dedicated page for Datasea news (Ticker: DTSS), a resource for investors and traders seeking the latest updates and insights on Datasea stock.

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

News

Datasea Expects Approximately 1,128% Revenue Growth in 2024

Rhea-AI Summary
Datasea Inc. (DTSS) issues guidance projecting a revenue of $86.0 million for the fiscal year ending June 30, 2024, marking a significant 1,128% increase from the previous year. The company's CEO highlights the positive outlook for both Acoustics Intelligence and 5G-AI multimodal communication segments, emphasizing technological innovation and AI-driven interactions to drive long-term shareholder value.
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Datasea Establishes Joint Venture Company to Further Penetrate the Estimated Approximately 527.8 billion US Dollars 5G Market in China

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Datasea Inc. forms joint venture with Yiyun Technology to enhance 5G multimodal communication services using AI, aiming for significant revenue growth by 2024.
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DataSea Announces 5G Multimodal Communication Technology Service Agreement

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Datasea Inc. announces a new Cooperation Agreement with Hangzhou Chongda Technology Co., Ltd. to boost sales of 5G multimodal communication services in China, with an estimated value of $30 million. The agreement aims to expand customer base and revenue generation opportunities in the 5G market.
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Datasea Reports Second Quarter Fiscal Year 2024 Financial Results and Operations Update - Second Quarter Revenue is $11.3 Million Versus $0.1 Million in the Year-Ago Period

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Datasea Inc. (NASDAQ: DTSS) reports strong financial performance for the second quarter of 2024, with revenue reaching $11.3 million, totaling $18.2 million for the first half of the fiscal year. The company attributes this growth to its 5G multimodal communication business in China, signing significant service agreements. Datasea focuses on customer needs, product optimization, and technology advantages. The company also expands into the US market with air sterilization products, pursuing intellectual property rights and online platform establishment. Datasea aims to meet global demand for healthy living solutions through advanced acoustics technology integrated with AI across various products for business and consumer applications.
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Datasea Regains Compliance with NASDAQ Minimum Bid Price Requirement

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Datasea Inc. (DTSS) has regained compliance with NASDAQ's minimum bid price requirement, with the closing bid price of the Company's common stock at $1.00 per share or greater for the last 10 consecutive business days. This positive development signifies the company's adherence to NASDAQ's regulations and its ability to maintain a stable stock price.
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Datasea Pre-Announces First Half 2024 Revenue of $18.2 Million, a 1,037.5% Year-Over-Year Increase

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Datasea Inc. (DTSS) expects a revenue of approximately $18.2 million for the first six months ended December 31, 2023, marking a significant increase of 1,037.5% compared to the same period in the previous fiscal year. The company's 5G messaging business is showing promising growth, and its Acoustic Intelligence business is gaining traction in the marketplace. However, the preliminary results are subject to change as the company finalizes its financial statements.
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Datasea Enters into Agreement with U.S. Marketing Firm to Promote and Market its Innovative Intelligent Acoustics Products

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Datasea Inc. (NASDAQ: DTSS) has announced a marketing promotion and sales cooperation agreement with Meglio Interiors LLC to expand its footprint in the U.S. The agreement aims to develop, promote, and distribute Datasea's intelligent acoustics products in the U.S. The initial term of the agreement is two years, and Meglio will serve as one of the primary distributors of the products. Datasea plans to establish an assembly line for its products in the U.S. in the near future. The CEO, Ms. Zhixin Liu, believes that the agreement will accelerate sales growth and introduce home health products into the U.S. market, addressing everyday health and living needs.
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Datasea Announces 1-for-15 Reverse Stock Split to Regain Compliance with Nasdaq Minimum Bid Requirement

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Datasea Inc. (NASDAQ: DTSS) has announced a reverse stock split at a ratio of 1-for-15 to regain compliance with the $1.00 minimum bid price required for continued listing on The Nasdaq Capital Market. The reverse split is expected to become effective on January 19, 2024, and the shares are expected to begin trading on the split-adjusted basis on the Nasdaq Stock Exchange under the existing trading symbol 'DTSS' at the market open on January 23, 2024. The total number of shares of Common Stock authorized for issuance will be reduced from 375,000,000 shares to 25,000,000 shares of Common Stock.
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Datasea Reports First Quarter Fiscal Year 2024 Financial Results and Operations Update

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Datasea Inc. (NASDAQ: DTSS) Announces Strong Q1 Fiscal Year 2024 Financial Results and Business Expansion Plans
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Datasea Announces September 2023 Revenue of $2.5 million from its 5G Messaging Business

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Datasea Inc. recorded revenue of RMB 17.8 million (US $2.5 million) in September 2023 from its 5G business segment, which is 12x greater than the revenue in September 2022. The CEO expects the strong performance to continue, citing major contracts signed in June 2023 as a potential driver for future growth.
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FAQ

What is the current stock price of Datasea (DTSS)?

The current stock price of Datasea (DTSS) is $2.12 as of December 20, 2024.

What is the market cap of Datasea (DTSS)?

The market cap of Datasea (DTSS) is approximately 14.4M.

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Datasea Inc.

Nasdaq:DTSS

DTSS Rankings

#5450 Ranked by Market Cap
N/A Ranked by Dividends

DTSS Stock Data

14.40M
4.51M
36.39%
0.04%
1.38%
Software - Infrastructure
Services-prepackaged Software
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United States of America
BEIJING