Datasea Expects ~1,128% Revenue Growth In 2024, Expecting A Revenue Of About $86.0M For Co's Full Year Ended June 30, 2024
Portfolio Pulse from Benzinga Newsdesk
Datasea Inc. (NASDAQ:DTSS) forecasts a significant revenue increase to $86.0 million for FY ending June 30, 2024, marking an approximate 1,128% growth from the $7.0 million reported in the previous fiscal year. This growth is attributed to strong results in both its Acoustics Intelligence and 5G-AI multimodal communication technology segments, expansion of distribution channels, and progress in the US and Chinese markets.
March 05, 2024 | 3:48 pm
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Datasea Inc. expects a significant revenue increase to $86.0 million for the fiscal year ending June 30, 2024, a 1,128% growth from the previous year, driven by its Acoustics Intelligence and 5G-AI technology segments.
The projected revenue growth for Datasea is substantial, indicating strong performance and market penetration in its technology segments. This positive outlook, especially the expansion in the US and Chinese markets, could significantly boost investor confidence and potentially lead to a short-term increase in stock price.
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