Datasea Pre-announces Estimated First Quarter 2025 Fiscal Year Revenue of approximately $22.7 Million, Up 230% Year-Over-Year

BEIJING, Oct. 10, 2024 /PRNewswire/ -- Datasea Inc. (NASDAQ:DTSS) ("Datasea" or the "Company"), a Nevada-registered digital technology company focused on innovations in acoustics high-tech and 5G AI multimodal digital technologies, today pre-announced that its revenue for the first quarter of fiscal year 2025, ending September 30, 2024, is expected to be approximately $22.7 million. This represents an increase of approximately $15.8 million, or 230%, compared to $6.88 million in revenue for the first quarter of fiscal year 2024. The projected revenue almost matches the Company's full revenue for fiscal year 2024, which was approximately $23.98 million. The strong revenue growth is primarily attributable to the rapid expansion of Datasea's 5G AI multimodal digital business in China.

Datasea's CEO, Ms. Zhixin Liu, commented: "Our 5G AI multimodal digital business continued to make progress in the first quarter, benefiting from the significant service contracts signed with several major clients since August 2024. We expect this business segment to maintain its growth momentum, with significant advances in ...