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Datasea Reports Record Fiscal Year 2025 Revenue of $71.62 Million, Up 199% Year-over-Year
Prnewswire· 2025-09-26 13:30
Core Insights - Datasea Inc. achieved a significant milestone in fiscal year 2025, reporting record revenue of $71.62 million, a 198.7% increase from $23.97 million in fiscal year 2024, and reached net income breakeven in the fourth quarter [2][3][7] Financial Highlights - Revenue for fiscal year 2025 was $71.62 million, up 198.7% from $23.97 million in fiscal year 2024 [2][7] - Gross profit increased to $2.44 million, a 415.5% rise from $0.47 million year-over-year [2][7] - The company achieved net income breakeven in the fourth quarter of fiscal year 2025, with a net loss for the year reduced to $5.09 million from $15.7 million in fiscal year 2024, marking a 67.6% decrease [2][7] - Intangible assets grew to $3.50 million, a 540.3% increase from $0.55 million in the prior year, reflecting the success of the company's strategic transformation [7] Business Segments - The AI Multimodal Digitalization segment generated revenue of $70.68 million, representing a 199.49% year-over-year increase, significantly contributing to overall performance [7][10] - Newly developed high-margin customized solutions contributed approximately RMB 8.9 million (US$ 1.24 million) in revenue, emerging as a new growth driver [7][10] - The Acoustic High-Tech segment recorded revenue of RMB 3.7 million (US$ 0.5 million) from comprehensive acoustic solutions, indicating a strategic shift towards high-margin solution products and services [10] Management Commentary - The CEO highlighted the company's transition from building scale to achieving profitability and sustainable growth, emphasizing the success of its dual-engine business model [3][10] - The company aims to maximize shareholder value and has established a solid foundation for long-term goals [3] Business Outlook - Datasea plans to continue advancing its dual growth engines of AI Multimodal Digitalization and Acoustic High-Tech to drive diversified high-tech growth [8][10] - The company is focusing on expanding its presence in healthcare through R&D in acoustics and neuro-regulation, aiming to build a closed-loop system for non-pharmacological health management [10] - Datasea is also pursuing an M&A strategy to enhance its capabilities and market channels in both China and the United States [10]
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]