U.S. Stock Market News | Datasea's stock price surged by over 20%, with a projected 230% year-on-year revenue growth in the first quarter of 2025
On Thursday, Datasea's stock price surged rapidly, rising by 25% at one point during the trading session. As of the time of writing, it has increased by over 20%, reaching $2.6942. On the news front, the company announced in advance today that the first quarter revenue for the fiscal year 2025 ending on September 30, 2024 is expected to be approximately $22.7 million, representing a growth of about 230% compared to the $6.88 million in the first quarter of the 2024 fiscal year. The projected revenue is almost equivalent to the full-year revenue of $23.98 million in the 2024 fiscal year. The strong revenue growth is mainly attributed to Datasea's rapid expansion in China's 5G concept, artificial intelligence, and multimodal digital business
According to the Zhitong Finance and Economics APP, on Thursday, Datasea (DTSS.US) saw a rapid surge in its stock price, rising by as much as 25% at one point during the trading session. As of the time of writing, the stock has risen by over 20% to $2.6942. On the news front, the company announced in advance today that the estimated revenue for the first quarter of the 2025 fiscal year ending September 30, 2024 is approximately $22.7 million, representing a growth of about 230% from the first quarter of the 2024 fiscal year which was $6.88 million. The projected revenue is almost equivalent to the full-year revenue of $23.98 million in the 2024 fiscal year. The strong revenue growth is mainly attributed to Datasea's rapid expansion in the AI multi-mode digital business in the context of the 5G concept in China