Datasea Inc. (DTSS), a company specializing in digital technology, announced a preliminary revenue forecast on Thursday for the first quarter of its fiscal year 2025, which concludes on September 30, 2024. The company anticipates its revenue to reach approximately $22.7 million. This represents an increase of about $15.8 million, or 230%, compared to the $6.88 million recorded in the same quarter of the previous year.
The expected revenue for this quarter nearly parallels the company's total revenue for fiscal year 2024, which amounted to roughly $23.98 million.
The significant revenue surge is largely driven by the rapid development of Datasea's 5G AI multimodal digital operations within China.
Datasea noted that its 5G AI multimodal digital unit continued to advance throughout the first quarter, largely due to several substantial service agreements secured with major clients since August 2024. The company also anticipates sustained growth in this business segment.
