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Datasea Secures $100 Million in 5G+AI Contracts from Major Clients, Reinforcing Strategic Expansion and Long-Term Growth
Prnewswire· 2025-05-19 12:30
Core Insights - Datasea Inc. has secured two new service contracts totaling up to $100 million for 5G-AI multimodal digital services, indicating strong client loyalty and growth momentum heading into FY2026 [2][3] Company Overview - Datasea Inc. specializes in acoustic high-tech products and 5G+AI multimodal digital solutions, with a focus on providing enterprise and retail customers with innovative services [5] - The company operates a cloud platform based on AI for its 5G multimodal digital segment, leveraging advanced R&D technology and precision manufacturing [5] Financial Performance - The contracts with Qingdao Ruizhi Yixing and Qingdao Dong'an are each valued at up to $50 million, reflecting confidence in Datasea's 5G-AI solutions [2][3] - Qingdao Ruizhi Yixing contributed over $38.3 million in revenue during the first nine months of fiscal year 2025, showcasing the high degree of customer retention [3] Strategic Expansion - The new agreements will support the delivery of enhanced 5G multimodal digital services, including AI-enabled interaction platforms and precision marketing systems, further solidifying Datasea's leadership in the 5G-AI value-added services market in China [3][4] - Datasea established a wholly-owned subsidiary, Datasea Acoustics LLC, in Delaware in July 2023 as part of its global expansion strategy [5]
Datasea Pre-Announces Estimated Third Quarter Revenue of approximately $51.9 Million, up approximately 164.6% Year-over-Year
Prnewswire· 2025-05-08 13:30
Core Insights - Datasea Inc. expects to achieve projected annual revenue of $90 million, with third-quarter fiscal year 2025 revenue anticipated to be approximately $51.9 million, reflecting a year-over-year increase of about 164.6% compared to $19.6 million in the same period last year [1][2] Company Overview - Datasea Inc. is a digital technology company based in Nevada, specializing in acoustics high-tech and 5G+AI multimodal digital innovations [4] - The company provides products, services, and solutions for enterprise and retail customers, leveraging advanced R&D technology as the backbone for its offerings [4] - Datasea's 5G multimodal digital segment operates on a cloud platform based on AI, while its acoustics business utilizes cutting-edge technologies to combat viruses and develop applications in medical ultrasonic cosmetology [4] Strategic Focus - The company is strategically positioned to leverage opportunities in both the acoustics high-tech and 5G+AI multimodal digital sectors, aiming to drive long-term shareholder value [3] - Datasea's CEO emphasized the importance of technological innovation and market expansion in driving substantial growth, with a commitment to enhancing cost management and operational efficiencies [2]