BEIJING, Jan. 23,
2024 /PRNewswire/ -- Datasea Inc., (NASDAQ: DTSS)
("Datasea" or the "Company"), a Nevada incorporated digital technology
corporation engaged in converging and innovative business segments
for intelligent acoustics and 5G messaging technology in
China pre-announced that its
revenue for the first six months, ended December 31, 2023, of its fiscal year ended
June 30, 2024, is expected to be
approximately $18.2 million. This
would represent an increase of approximately $16.6 million and growth of approximately
1,037.5% as compared to approximately $1.6
million in revenue that the Company recorded for first half
of its fiscal year ended June 30,
2023. This is also approximately 160% higher than the
approximately $7.0 million in revenue
recorded for the full fiscal year ended June
30, 2023.
"Our 5G messaging business continues to build upon its first
quarter results bolstered by contracts we signed beginning in
June 2023. We expect further momentum
for this business segment going forward," commented Datasea CEO Ms.
Zhixin Liu. "We are also pleased
that our Acoustic Intelligence business, whose products create
healthier and safer living environments are gaining traction in the
marketplace as our marketing and sales programs are making
progress."
Financial Disclosure Advisory
The preliminary results for the six-month period ended
December 31, 2023, are an estimate,
based on information available to management as of the date of this
release, and are subject to further changes upon completion of the
Company's standard quarter and year-end closing procedures. This
update does not present all necessary information for an
understanding of Datasea's financial condition as of the date of
this release, or its results of operations for the six-month period
ended December 31, 2023. As Datasea
completes its quarter-end financial close process and finalizes its
financial statements for the quarter, it will be required to make
significant judgments in a number of areas. It is possible that
Datasea may identify items that require it to make adjustments to
the preliminary financial information set forth above and those
changes could be material. Datasea does not intend to update such
financial information prior to release of its final second quarter
financial statement information, which is currently scheduled for
February 14, 2024.
About Datasea Inc.
Datasea is a leading provider of products, services, and
solutions for enterprise and retail customers in converging and
innovative industries, intelligent acoustics and 5G messaging,
especially focusing on ultrasonic, infrasound and directional sound
technology. The Company's advanced research and development
technology serves as the core infrastructure and backbone for its
products. Its 5G Messaging segment operates on a cloud platform
based on artificial intelligence. Datasea leverages cutting-edge
technologies in intelligent acoustics, utilizing ultrasonic
sterilization to combat viruses and prevent human infections, and
is also developing innovations in directional sound and medical
ultrasonic cosmetology. In July 2023,
Datasea established a wholly-owned subsidiary, Datasea Acoustics
LLC, in Delaware, in a strategic
move to mark its global presence. This underlies Datasea's
commitment to intelligent acoustics and its intent to offer
cutting-edge acoustic solutions to the U.S. market. For additional
information, please visit: www.dataseainc.com.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of Section 21E of the Securities Exchange Act of 1934
and as defined in the U.S. Private Securities Litigation Reform Act
of 1995. These forward-looking statements can be identified by
terminology such as "will", "expects", "anticipates", "future",
"intends", "plans", "believes", "estimates", "target", "going
forward", "outlook," "objective" and similar terms. Such statements
are based upon management's current expectations and current market
and operating conditions, and relate to events that involve known
or unknown risks, uncertainties and other factors, all of which are
difficult to predict and which are beyond Datasea's control, which
may cause Datasea's actual results, performance or
achievements (including the RMB/USD value of its anticipated
benefit to Datasea as described herein) to differ materially and in
an adverse manner from anticipated results contained or implied in
the forward-looking statements. Further information regarding these
and other risks, uncertainties or factors is included in Datasea's
filings with the U.S. Securities and Exchange Commission, which are
available at www.sec.gov. Datasea does not undertake any
obligation to update any forward-looking statement as a result of
new information, future events or otherwise, except as required
under law.
Investor and Media Contact:
Datasea Inc. Investor relations
Email: investorrelations@shuhaixinxi.com
Precept Investor Relations LLC
David Rudnick
+1 646-694-8538
david.rudnick@preceptir.com
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SOURCE Datasea Inc.