The share price of Datasea Inc. (NASDAQ: DTSS) has increased significantly during the current session, jumping by 88.45% to $10.61 as of the last check. The expectation of substantial revenue increase this year is driving this spike. For the fiscal year that ends on June 30, 2024, the firm has forecast revenues of around $86.0 million, which represents a stunning 1,128% growth over the $7.0 million in revenue from the previous fiscal year.
Datasea credits good performance in both of its business sectors for this anticipated rise in revenue. With its Acoustics Intelligence solutions, the firm is seeing encouraging results in domestic sales and market penetration. It has also extended its distribution networks, especially in the US market. Datasea’s dedication to technical innovation and its capacity to provide innovative solutions that satisfy changing market demands are demonstrated by these developments.
Leading the way in the development of ultrasonic technology, non-visual intelligent algorithms, and precision manufacturing across a range of industries, including IoT, medical aesthetics, agriculture, and healthcare, Datasea is a global pioneer in acoustic intelligence. The company’s innovative approach involves reverse engineering sound characteristics to develop solutions that leverage ultrasound, infrasound, directional sound, and Schumann resonance technology.
In response to the ongoing pandemic, Datasea has leveraged its expertise in sound disinfection and healthcare to develop cutting-edge acoustic sterilization solutions. These solutions utilize ultrasound technology to disrupt the outer shell and internal RNA of microorganisms, including the coronavirus, effectively neutralizing harmful pathogens.
Moreover, Datasea’s 5G-AI multimodal communication technology integrates 5G with artificial intelligence, core algorithms, and natural language processing. This technology offers a range of features including AI digital marketing, short video matrix functions, and smart AI agricultural e-commerce platforms.
With a user base exceeding 48 million in China, Datasea is poised to provide digital and intelligent services to enterprises and individuals, leveraging its AI, machine learning, and data analytics capabilities. Datasea’s impressive performance on the US market reflects its strong revenue growth projections and commitment to technological innovation.
With a focus on Acoustics Intelligence, sound disinfection solutions, and 5G-AI multimodal communication technology, Datasea is well-positioned to meet the evolving needs of customers and communities worldwide.
