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Datasea Reports Third Fiscal Quarter 2025 Revenue of $10.4 Million Up 653.6% Year-over-Year
Prnewswire· 2025-05-15 13:30
Core Insights - Datasea Inc. reported significant revenue growth in the third fiscal quarter of 2025, with revenue reaching $10.4 million, a 653.6% increase from $1.38 million in the same period of fiscal 2024 [1][5] - The company’s total revenue for the first nine months of 2025 was $51.9 million, up 164.8% compared to $19.6 million for the same period in fiscal 2024 [1][5] - The growth was primarily driven by the strong performance of the 5G+AI multimodal digital segment and the acoustic high-tech products [2][5] Financial Highlights - Gross profit for the third fiscal quarter of 2025 was $0.3 million, with a gross margin of 2.9%, an improvement from $0.01 million and 0.7% in the same period of the prior year [5] - The net loss for the third fiscal quarter of 2025 was $1.8 million, significantly improved from a net loss of $4.1 million in the same period of the prior year [5] - The company’s cash balance increased by 378.2% to $0.9 million, while accounts receivable dropped by 93.2% to $0.05 million, indicating improved capital turnover [5] Business Segment Highlights - The 5G+AI multimodal digital segment continues to lead in China, with notable market expansion and long-term customer contracts [4] - The acoustic high-tech segment saw the placement of products in 463 beauty and health stores in Northern China, reflecting growing market acceptance [4] Business Outlook - Datasea reaffirms its full fiscal year 2025 revenue guidance of approximately $90 million, representing a 275% increase over fiscal year 2024 [7] - The company plans to drive profitability by scaling high-margin acoustic high-tech products and expanding into international markets through strategic partnerships and mergers & acquisitions [8]