Datasea Posts Narrower Loss In Q3
(RTTNews) - Datasea Inc. (DTSS) posted a net loss for the third quarter of $1.8 million, compared to a net loss of $4.1 million, prior year. Net loss per share was $0.24 compared to a loss of $1.55.
Revenue for the third quarter was $10.4 million, an increase of 653.6% compared to revenue of $1.4 million, a year ago. The company said this increase was primarily driven by the growth of the 5G+AI multimodal digital business in China.
Datasea reaffirmed fiscal 2025 revenue guidance of approximately $90 million, representing a 275% increase over fiscal 2024.
Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.