Datasea Announces Sept. 2023 Revenue of $2.5M From Its 5G Messaging Business
Portfolio Pulse from Benzinga Newsdesk
Datasea Inc. (NASDAQ:DTSS) reported a revenue of $2.5 million in September 2023 from its 5G messaging business, a 12x increase from the same period in 2022. The company expects this robust revenue to be sustainable through fiscal year 2024. The revenue is attributed to three of its 5G business segment operating entities. The company's CEO, Ms. Zhixin Liu, stated that the 5G messaging business has recovered rapidly this year and they have signed major contracts that could create momentum for this business segment.
October 30, 2023 | 1:38 pm
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POSITIVE IMPACT
Datasea's reported revenue of $2.5 million in September 2023 from its 5G messaging business, a significant increase from the previous year. This positive financial performance and the expectation of sustained revenue through FY2024 could potentially boost investor confidence and positively impact the company's stock price in the short term.
The reported revenue increase indicates a strong financial performance by Datasea's 5G messaging business. This, coupled with the company's expectation of sustained revenue through FY2024, could potentially boost investor confidence in the company's financial stability and growth prospects. This could lead to increased demand for the company's stock, thereby driving up its price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100