Datasea Inc
NASDAQ:DTSS
Datasea Inc
Datasea, Inc. is a technology company that provides smart security systems. The company is headquartered in Beijing, Beijing and currently employs 81 full-time employees. The company went IPO on 2015-10-22. The firm provides smart security solutions primarily to schools, scenic areas and public communities and develops education-related technologies. The firm has three smart security products, which include the safe campus security system, the scenic area security system, and the public community security system. In addition, the Company also develops and offers education-related technologies to build campus networks, education management systems, education cloud platforms, science education platform and other education systems used in schools.
Datasea, Inc. is a technology company that provides smart security systems. The company is headquartered in Beijing, Beijing and currently employs 81 full-time employees. The company went IPO on 2015-10-22. The firm provides smart security solutions primarily to schools, scenic areas and public communities and develops education-related technologies. The firm has three smart security products, which include the safe campus security system, the scenic area security system, and the public community security system. In addition, the Company also develops and offers education-related technologies to build campus networks, education management systems, education cloud platforms, science education platform and other education systems used in schools.
Revenue Surge: Datasea reported revenue of $17.08 million for fiscal year 2022, a massive increase of 9,653% year-over-year, primarily driven by 5G messaging services.
5G Messaging Dominance: $17.02 million of revenue came from the 5G messaging business, showing successful expansion and execution in this sector.
Margin Update: Gross margin was 5.6% for the year, with management citing future expectations for improvement as the business scales and differentiates.
R&D Investment: R&D expenses rose by 48% to $1.26 million, supporting new product launches and the expansion of intellectual property.
New Contracts and Pipeline: Recently signed $41.72 million in procurement agreements for 5G messaging services and a $5 million order for acoustic disinfection equipment, pointing to strong future demand.
Smart City & Acoustic Intelligence: Continued investment in Smart City and acoustic intelligence businesses, citing strong synergy and long-term growth opportunities.
Financial Health: Total liabilities fell by 43.52% to $2.1 million and the debt to equity ratio improved, indicating strengthened balance sheet.
