Datasea sees Q1 revenue about $22.7M vs. $6.88M last year

Datasea pre-announced that its revenue for the first quarter of fiscal year 2025, ending September 30, 2024, is expected to be approximately $22.7M. This represents an increase of approximately $15.8M, or 230%, compared to $6.88M 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 $23.98M. The strong revenue growth is primarily attributable to the rapid expansion of Datasea’s 5G AI multimodal digital business in China. Datasea’s CEO, 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 both technology innovation and geographic expansion. We plan to continue expanding our market share moving forward by focusing on product diversification, expanding our key customer base, and advancing technology innovations.” She further added: “We are also pleased to see our acoustic high-tech business gaining market recognition. Our products, aimed at creating healthier and safer living environments, are seeing improved market response as we implement our marketing and sales strategies.”