Datasea Inc.
1.9000-0.05 (-2.56%)
Oct 29, 4:00:00 PM EDT · NasdaqCM · DTSS · USD
Key Stats
Market Cap
15.69MP/E (TTM)
-Basic EPS (TTM)
-0.77Dividend Yield
0%Recent Filings
10-Q
Q3 FY2025 results
Datasea Inc. posted Q3 FY2025 revenue of $10.4M, up 649% y/y from $1.4M, fueled by explosive 5G AI multimodal digital growth in China, while acoustic intelligence added a modest $11K. Gross profit climbed to $298K from $10K, lifting margins to 2.9% from 0.7%, yet operating loss narrowed to $1.8M from $4.1M on slashed selling and admin costs. YTD revenue hit $51.9M, 165% y/y higher, with gross profit at $912K (1.8% margin) and net loss down 29% to $4.9M; diluted EPS improved to -$0.79 from -$2.49 on 7.4M shares (derived). Cash swelled to $867K from $181K, bolstered by $6M in equity raises, though bank debt rose to $1.96M; free cash flow not disclosed in the 10-Q. Intangible assets surged 597% to $3.8M via patent buys. Revenue booms, but going-concern doubts linger amid $44M accumulated deficit.
8-K
Annual meeting approvals secured
Datasea Inc. held its annual stockholder meeting on May 7, 2025, where shareholders elected Zhixin Liu, Fu Liu, Yan Yang, Stephen (Chun Kwok) Wong, and Yijin Chen as directors with overwhelming support—over 4.7 million votes for each. They ratified Paris Kreit & Chiu CPA LLP as auditors for the fiscal year ending June 30, 2025, and approved Amendment No. 4 to the 2018 Equity Incentive Plan. Quorum hit 62.21% of shares. All proposals passed decisively.
10-Q
Q2 FY2025 results
Datasea Inc. surged ahead in Q2 FY2025 ended December 31, 2024, with revenues hitting $20.5M, up 80.3% y/y from $11.3M, fueled by explosive growth in its 5G AI multimodal digital segment that now dominates over 98% of sales. Gross profit climbed to $417K from $102K y/y, lifting margins to 2.0% from 0.9%, while operating loss narrowed to $1.2M from $1.8M y/y, thanks to slashed selling expenses down 64.5% y/y. Cash swelled to $268K, up 48% q/q, backed by $5.9M in equity raises, though free cash flow remains negative at -$1.6M from operations minus minimal capex. Intangible assets ballooned to $4.1M after patent buys amortized over three years. Yet regulatory hurdles in China's tech sector could slow this momentum.
8-K
Regains Nasdaq compliance
Datasea Inc. regained compliance with Nasdaq's minimum stockholders' equity requirement after boosting its equity to $4,064,729 as of September 30, 2024, up from $1,181,331 in March. This follows a May notice and a July compliance plan that Nasdaq approved for 180 days. Compliance secured. The delisting threat now lifts, stabilizing the stock's market access.
10-Q
Q1 FY2025 results
Datasea Inc. posted Q1 FY2025 revenue of $21.1M, up 206% y/y from $6.9M, fueled by explosive growth in its 5G AI multimodal digital business that now dominates the top line. Gross profit climbed to $197K from $75K y/y, though margins dipped to 0.9% from 1.1% amid aggressive market expansion and rebates. Operating loss widened to $2.0M from $858K y/y, driven by higher selling expenses on marketing push, while net loss from continuing operations hit $1.96M versus $856K last year; the gap stems mainly from elevated stock-based compensation and professional fees. Cash swelled to $938K from $181K q/q, bolstered by $2.0M in equity financing, with free cash flow not disclosed in the 10-Q; total debt stands at $1.1M in short-term bank loans at rates of 2.3%-4.95%, maturing through mid-2025. Subscription receivables from related parties added $4.0M post-quarter. Yet regulatory shifts in China's tech sector could crimp 5G rollout.
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