BEIJING - Datasea Inc. (NASDAQ: DTSS), a company specializing in Acoustics Intelligence and 5G-AI multimodal communication technology, has projected a significant revenue increase for its fiscal year ending June 30, 2024. The Nevada corporation anticipates its revenue to reach approximately $86.0 million, a substantial rise from the $7.0 million reported in the previous fiscal year.
The company attributes this expected growth to robust performance in both its business segments and expansion of its distribution channels. Datasea's CEO, Zhixin Liu, stated that the company's technological advancements and AI-driven interactions are becoming increasingly sustainable, potentially creating long-term value for shareholders.
Datasea's Acoustics Intelligence segment focuses on non-visual intelligent algorithms, ultrasonic technology, and directional sound across various industries. The company has introduced products such as acoustic sterilizers and sleep aids in China and plans to enter the US market through its subsidiary, Datasea Acoustics LLC.
In the realm of 5G-AI multimodal communication, Datasea integrates 5G with AI and other technologies to offer services like AI digital marketing and smart AI agricultural e-commerce. The technology aims to utilize the speed and low latency of 5G networks to enhance user experience in digital interactions.
Datasea, which has served over 48 million enterprises and individual users in China, is banking on its advanced R&D and cloud-based AI platform to drive future growth. The company's forward-looking statements indicate confidence in its market strategy and technological edge.
However, as with all forward-looking statements, these projections are subject to market conditions and other factors that may influence the actual results. Datasea's filings with the U.S. Securities and Exchange Commission provide further details on potential risks and uncertainties.
This revenue forecast is based on a press release statement from Datasea Inc. and reflects the company's expectations for the fiscal year ending June 30, 2024.
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