Datasea Pre-Announces First Half 2024 Revenue Of $18.2M, An ~1,037.5% YoY Increase
Portfolio Pulse from Benzinga Newsdesk
Datasea Inc. (NASDAQ:DTSS) pre-announced an estimated revenue of $18.2M for the first half of FY 2024, marking a significant increase of approximately 1,037.5% YoY. This growth is attributed to the success of their 5G messaging and Acoustic Intelligence businesses. However, these figures are preliminary and subject to change upon completion of standard closing procedures. The final financial statement is scheduled for release on February 14, 2024.
January 23, 2024 | 2:36 pm
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Datasea Inc. announced a significant YoY revenue increase for H1 FY2024, driven by its 5G messaging and Acoustic Intelligence businesses. The preliminary revenue figure is $18.2M, which is subject to final adjustments.
The pre-announcement of such a substantial year-over-year revenue increase is likely to be viewed positively by investors, potentially leading to a short-term increase in stock price. However, the confidence score is not at the maximum due to the preliminary nature of the figures and the caution that they are subject to change upon final review.
CONFIDENCE 70
IMPORTANCE 90
RELEVANCE 100