Datasea Pre-Announces First Half 2024 Revenue of $18.2 Million, a 1,037.5% Year-Over-Year Increase

Core Insights - Datasea Inc. expects its revenue for the first six months ending December 31, 2023, to be approximately $18.2 million, representing a significant increase of about $16.6 million and a growth rate of approximately 1,037.5% compared to $1.6 million in the same period of the previous fiscal year [1] - The revenue forecast for the first half of fiscal year 2024 is also approximately 160% higher than the total revenue of $7.0 million recorded for the full fiscal year ended June 30, 2023 [1] Business Segments - The 5G messaging business is experiencing growth due to contracts signed starting June 2023, with expectations for continued momentum in this segment [2] - The Acoustic Intelligence business is gaining traction in the market, contributing to healthier and safer living environments, supported by effective marketing and sales programs [2] Company Overview - Datasea Inc. is a provider of products and services in intelligent acoustics and 5G messaging, focusing on ultrasonic, infrasound, and directional sound technology [4] - The company operates a cloud platform for its 5G messaging segment, leveraging artificial intelligence and advanced research and development technology [4] - Datasea has established a wholly-owned subsidiary, Datasea Acoustics LLC, in Delaware to enhance its global presence and commitment to intelligent acoustics [4]