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BEIJING - Datasea Inc. (NASDAQ:DTSS), a Nevada corporation focused on acoustic high-tech and 5G+AI multimodal digital innovations, today pre-announced an expected third-quarter revenue of about $51.9 million for the fiscal year ending March 31, 2025. This figure marks a substantial increase of roughly 164.6% from the $19.6 million reported in the same period of the prior year, building on the company’s impressive 117.51% revenue growth over the last twelve months. The significant rise is attributed to the growing demand for the company’s 5G+AI multimodal digital solutions. According to InvestingPro data, the company currently trades at a low revenue valuation multiple, though it faces challenges with a thin gross profit margin of 1.93%.
The company’s CEO, Ms. Zhixin Liu, expressed satisfaction with the latest financial results, emphasizing the strong year-over-year growth and the company’s commitment to reaching the projected annual revenue target of $90 million. Liu credited the success to the strategic emphasis on 5G+AI multimodal solutions that have garnered widespread interest across various sectors. InvestingPro analysis reveals several additional insights about the company’s financial health and growth prospects, with 8 more exclusive ProTips available to subscribers.
Datasea has been strategically positioning itself to capitalize on opportunities within the acoustic high-tech and 5G+AI multimodal digital sectors, aiming to drive long-term shareholder value. The company’s advanced R&D technology is at the core of its products, which include a cloud-based AI platform for its 5G multimodal digital segment and applications in medical ultrasonic cosmetology and virus prevention through acoustics technology.
In July 2023, as part of its global expansion strategy, Datasea established a wholly-owned subsidiary, Datasea Acoustics LLC, in Delaware to enter the U.S. market. This move signifies the company’s efforts to expand its international footprint.
The information in this article is based on a press release statement from Datasea Inc. It’s important to note that the press release contains forward-looking statements that involve risks, uncertainties, and assumptions that are difficult to predict. With the company’s next earnings report due on May 14, 2025, investors seeking deeper insights into Datasea’s financial health, which InvestingPro rates as "FAIR," can access comprehensive analysis and Fair Value estimates through the platform. Therefore, actual results may differ materially from those expressed or implied in these forward-looking statements. Datasea’s filings with the SEC, which are publicly available, provide further information on these risks and uncertainties.
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