Datasea Inc., listed on NASDAQ as DTSS, saw a notable jump of 515.07% in its stock value on the American market. It closed at $8.98 after the publication of its quarterly financial report. The firm disclosed its financial status for the second quarter ending December 31, 2023, displaying notable revenue growth compared to the corresponding period in the prior year.
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Revenue escalated from $131,459 to $18,229,212, marking a staggering surge of 13,766.8%. This remarkable increase was credited to Datasea’s innovative endeavors in 5G multimodal communication technology, leading to an expansion of its client base and improved market positioning through dedicated research and development initiatives.
Datasea specializes in acoustic intelligence technology and aims to introduce its innovative solutions to markets in China, the US, and globally. The company’s strategic focus lies in its intelligent acoustics products segment, utilizing reverse engineering of sound characteristics to develop products that address real-world challenges across various industries.
In 2023, Datasea successfully launched air sterilizers in China and has since been actively promoting its products through different channels, including direct sales and livestreaming. Initiatives are in progress to bring these items to the American market, while the firm is presently setting up strategies for marketing and sales.
A crucial step for Datasea was forming its branch, Datasea Acoustics LLC, in Delaware, USA, in July 2023. This strategic move emphasizes the company’s dedication to providing state-of-the-art acoustic solutions to American consumers. Datasea’s range of products comprises top-notch ultrasonic air sterilizers, restroom and cloakroom sterilizers, and odor elimination items.
Moreover, the company is continuously developing new products such as ultrasonic Skin Repair Robots and Schumann frequency sleep monitors for global markets. To ensure product quality and compliance, Datasea has initiated a collaboration with a globally renowned testing organization.
DTSS conducted safety and functional certifications for its air disinfection products intended for sale in the US. These certifications are expected to be completed in the next quarter, paving the way for the commencement of product sales in the US market.
