Datasea Pre-Announces Second Quarter Revenue of $20.5 Million, up 81% Year-over-Year

Core Insights - Datasea Inc. reported an expected revenue of approximately $20.5 million for Q2 FY2025, marking an 81% increase from $11.3 million in the same period last year [1] - The gross profit for the same quarter is projected to be $0.41 million, reflecting a significant 310% increase from $0.1 million year-over-year [1] - The growth in revenue and gross profit is attributed to the expansion of the company's 5G AI multimodal digital business and increased market penetration in China [1][2] Company Overview - Datasea Inc. specializes in acoustic high-tech and 5G-AI multimodal digitalization, providing products, services, and solutions for enterprise and retail customers [3] - The company utilizes advanced R&D technology as the backbone for its products, operating its 5G multimodal digital segment on a cloud platform based on AI [3] - Datasea employs cutting-edge technologies in its acoustics business to combat viruses and is also developing applications in medical ultrasonic cosmetology [3] Strategic Initiatives - The company has established a wholly-owned subsidiary, Datasea Acoustics LLC, in Delaware to facilitate its entry into the U.S. market as part of its global expansion strategy [3] - Datasea's CEO emphasized the importance of their focus on 5G + AI multimodal solutions, which has led to increased adoption of their high-margin technical products and services [2] - The strategic placement of acoustic high-tech products in over 400 high-quality physical retail stores across China is expected to enhance financial results in the upcoming quarters [2]