Datasea Reports Second Fiscal Quarter 2025 Revenue of $20.5 Million, Up 81.4% Year-over-Year

Core Insights - Datasea Inc. reported a significant revenue increase of approximately 81.4%, reaching about $20.5 million for the second fiscal quarter ended December 31, 2024, compared to $11.3 million in the same period the previous year, driven by the growth of its 5G+AI multimodal digital business in China [1][6] - The company is focused on expanding its customer base in the 5G+AI sector and enhancing its high-margin acoustic products, indicating a commitment to technological innovation and sustainable growth [2][12] Financial Highlights - Revenue for the second fiscal quarter of 2025 was approximately $20.5 million, marking an increase of 81.4% from $11.3 million in the same quarter of 2024 [6] - Gross profit for the quarter was approximately $0.4 million, with a gross margin of about 2.0%, an improvement from $0.1 million and 0.9% in the same period last year [6] - The net value of intangible assets increased by 647% to $4,081,544 as of December 31, 2024, compared to $546,001 on June 30, 2024, reflecting the company's growth and innovation [6] - Inventory rose to $319,932, a 108.31% increase from $153,583 on June 30, 2024, indicating a rise in customer orders within the acoustic high-tech business [6] Business Highlights – 5G+AI Multimodal Digital Business - The company has signed new contracts worth approximately $30 million with various clients, reinforcing its market penetration [5] - Datasea's AI multimodal models have achieved breakthroughs in sentiment analysis, machine translation, and natural language processing, enhancing data understanding and decision-making reliability [6] - The company has developed a self-designed Transformer model architecture capable of processing multiple modalities in parallel, improving applications such as image-text correlation analysis and audio-video synchronization [6] Business Highlights – Acoustic High-Tech Business - Datasea is advancing its acoustic high-tech products, including ultrasonic disinfection machines and sleep aid devices, targeting growing consumer markets [12] - The company plans to release new acoustic products in 2025, including a pet deodorizing purifier and a mechanical wave-based brain cortisol regulation device [12] - Strategic partnerships have been established with beauty and health management companies, aiming to introduce acoustic high-tech products to numerous retail locations [12] Operational and Strategic Outlook - The company aims to drive profitability by scaling high-margin acoustic products and reducing customer acquisition costs through its 5G+AI platform [12] - Datasea plans to accelerate its global expansion into the U.S. and Europe through strategic partnerships and mergers and acquisitions [12] - The company is focused on enhancing its intellectual property portfolio, particularly in ultrasound medical imaging and acoustic IoT technologies [12]