Datasea Inc. (DTSS) Bundle
A Brief History of Datasea Inc. (DTSS)
Company Formation and Initial Public Offering
Datasea Inc., incorporated in 2019, made its initial public offering on the NASDAQ under the ticker symbol DTSS on December 13, 2019. The company aimed to leverage advanced technologies in big data and artificial intelligence.
Key Financial Milestones
In its first full year of operation, Datasea reported revenue of approximately $6.3 million for the fiscal year ending December 31, 2020. The company’s gross margin stood at 73.4%.
| Year | Revenue ($ millions) | Gross Margin (%) | Net Income ($ millions) |
|---|---|---|---|
| 2019 | 0.5 | 60.0 | (3.2) |
| 2020 | 6.3 | 73.4 | (2.5) |
| 2021 | 14.7 | 76.1 | 0.3 |
| 2022 | 12.8 | 75.0 | (1.1) |
Technological Advancements and Partnerships
In 2021, Datasea entered into a strategic partnership with several technology firms to enhance its data analytics capabilities. The total investment in technology upgrades was about $3 million.
Market Expansion
In 2022, Datasea focused on expanding its services to international markets, especially in Southeast Asia and Europe. The expansion costs were estimated at $2 million. By the end of 2022, the company had successfully entered three new countries.
Recent Financial Performance
For the fiscal year ending December 31, 2022, Datasea reported revenues of $12.8 million, with operating expenses amounting to $14 million and a net loss of $1.1 million.
Stock Performance
As of October 2023, Datasea’s stock price on the NASDAQ has fluctuated significantly, with a 52-week high of $2.45 and a low of $0.75. The market capitalization was approximately $30 million.
Future Prospects
Datasea has projected revenue growth of 25% for the fiscal year 2023, targeting $16 million in revenue. Plans include further investments in artificial intelligence and enhanced data analytics services.
A Who Owns Datasea Inc. (DTSS)
Company Overview
Company Overview
Datasea Inc. (Ticker: DTSS) is a technology company focused on data solutions, big data analytics, and artificial intelligence. Founded in 2015, the company is publicly traded on the NASDAQ.
Shareholder Structure
The ownership of Datasea Inc. is divided among various institutional and individual shareholders. The following table outlines the major shareholders and their respective ownership percentages.
| Shareholder Name | Type | Ownership Percentage (%) | Number of Shares Owned |
|---|---|---|---|
| Wensheng Chen | Individual | 33.5 | 15,500,000 |
| CHINA VENTURE CAPITAL | Institutional | 15.2 | 7,000,000 |
| Harris Associates | Institutional | 7.8 | 3,600,000 |
| Fidelity Investments | Institutional | 5.4 | 2,500,000 |
| Other Individual Investors | Individual | 38.1 | 17,600,000 |
Recent Stock Performance
As of October 2023, Datasea Inc. has seen fluctuations in its stock price, impacting shareholder value. The details are summarized below:
| Date | Opening Price (USD) | Closing Price (USD) | Change (%) |
|---|---|---|---|
| October 1, 2023 | 2.50 | 2.45 | -2.00 |
| October 8, 2023 | 2.45 | 2.60 | 6.10 |
| October 15, 2023 | 2.60 | 2.55 | -1.92 |
| October 22, 2023 | 2.55 | 2.70 | 5.88 |
| October 30, 2023 | 2.70 | 2.50 | -7.41 |
Market Capitalization
The market capitalization of Datasea Inc. as of October 30, 2023, is approximately $115 million.
Financial Performance
For the fiscal year ending September 30, 2023, Datasea Inc. reported the following financial metrics:
| Metric | Amount (USD) |
|---|---|
| Total Revenue | 12,000,000 |
| Net Income | 1,500,000 |
| Total Assets | 30,000,000 |
| Total Liabilities | 10,000,000 |
| Shareholder Equity | 20,000,000 |
Recent Developments
- In Q3 2023, Datasea Inc. announced a partnership with a major tech firm to enhance data analytics capabilities.
- The company launched a new data security product line in July 2023, receiving positive market feedback.
- Datasea Inc. was featured in multiple industry publications for innovation in AI and big data.
Datasea Inc. (DTSS) Mission Statement
Overview of Datasea Inc.
Overview of Datasea Inc.
Datasea Inc. (DTSS) is a technology company engaged in the provision of big data solutions and services, focusing on IoT (Internet of Things), AI, and smart city technologies. The company aims to enhance operational efficiencies and improve decision-making through data-driven technologies.
Mission Statement
The mission of Datasea Inc. is to leverage innovative technologies to create effective data solutions that empower businesses and governments in their decision-making processes, thereby contributing to a smarter, more connected world.
Core Values
- Innovation: Committed to pioneering advanced technologies.
- Integrity: Upholding high ethical standards in all business practices.
- Customer-centricity: Focusing on the needs and satisfaction of clients.
- Collaboration: Working together with partners to drive shared success.
Recent Financial Performance
In the fiscal year 2023, Datasea reported the following financial metrics:
| Metric | Amount (in USD) |
|---|---|
| Revenue | $10.5 million |
| Net Income | $1.2 million |
| Total Assets | $25 million |
| Total Liabilities | $15 million |
Market Position
As of the latest market analysis in Q3 2023, Datasea holds a market share of approximately 2.5% in the big data solutions sector. The company competes with several key players in the industry, listed below:
- IBM Corporation
- Oracle Corporation
- Microsoft Azure
- Alibaba Cloud
Target Audience
Datasea targets several sectors, including:
- Government agencies
- Healthcare organizations
- Retail businesses
- Smart city projects
Strategic Goals
The company has outlined its strategic goals for the next five years:
| Year | Goal | Projected Revenue (USD) |
|---|---|---|
| 2024 | Expand product offerings | $15 million |
| 2025 | Increase market share to 5% | $20 million |
| 2026 | Achieve a net income of $3 million | $25 million |
| 2027 | Foster strategic partnerships | $30 million |
| 2028 | Become a market leader in IoT solutions | $50 million |
Recent Initiatives
Datasea recently launched initiatives to enhance its product lineup:
- Implementation of AI analytics tools
- Development of IoT frameworks for smart cities
- Partnerships with educational institutions for research
Conclusion
Datasea Inc. continues to strive towards achieving its mission, focusing on innovative solutions and strategic growth through its defined values and goals.
How Datasea Inc. (DTSS) Works
Business Model
Business Model
Datasea Inc. (DTSS) focuses on the integration of big data and artificial intelligence to provide services that enhance business operations. The company primarily offers data analysis, advertising, and software development. Their business model integrates various verticals such as:
- Data Mining
- Artificial Intelligence Solutions
- Advertising Technology
- Social Media Analysis
Financial Performance
For the fiscal year 2022, Datasea reported a revenue of approximately $4.3 million. Operating expenses totaled about $3.6 million, resulting in a net income of $700,000. The financial data showcases a modest increase in revenue compared to $3.9 million in 2021, highlighting a growth trend.
| Fiscal Year | Revenue ($ Million) | Operating Expenses ($ Million) | Net Income ($ Million) |
|---|---|---|---|
| 2021 | 3.9 | 3.2 | 0.7 |
| 2022 | 4.3 | 3.6 | 0.7 |
Technology Utilization
Datasea employs advanced technologies in its operations. The current technology stack includes:
- Machine Learning Algorithms
- Cloud Computing for Data Storage
- Blockchain for Data Security
- Natural Language Processing for Data Insights
Market Position
As of October 2023, Datasea holds a market capitalization of approximately $15 million. The company competes in a market dominated by larger players, yet it maintains a niche focus on providing tailored solutions for small to medium enterprises.
Stock Performance
Datasea Inc. primarily trades on the NASDAQ under the ticker symbol DTSS. The stock price as of the latest trading day was approximately $0.75 per share, with a 52-week range of $0.30 to $1.20. The average trading volume is reported at around 200,000 shares daily.
| Metric | Value |
|---|---|
| Current Stock Price ($) | 0.75 |
| Market Capitalization ($ Million) | 15 |
| 52-Week Low ($) | 0.30 |
| 52-Week High ($) | 1.20 |
| Average Daily Trading Volume | 200,000 |
Future Prospects
Analysts forecast a potential growth rate of 15% annually for Datasea's revenue over the next five years, driven by increased demand for data analytics and AI solutions. The company plans to expand its service offerings in the Asian markets while enhancing existing products.
How Datasea Inc. (DTSS) Makes Money
Revenue Streams
Revenue Streams
Datasea Inc. generates revenue through various streams, primarily concentrated in the technology and data analytics sectors. The following list details the core segments:
- Artificial Intelligence Solutions
- Big Data Analysis Services
- Cloud Computing Services
- Mobile Advertising Solutions
Financial Performance
As of the fiscal year 2022, Datasea reported revenue figures that reflect its operational activities:
| Year | Revenue (in USD) | Net Income (in USD) | Total Assets (in USD) | Market Capitalization (in USD) |
|---|---|---|---|---|
| 2020 | 1,800,000 | -300,000 | 3,200,000 | 30,000,000 |
| 2021 | 2,200,000 | -150,000 | 4,000,000 | 25,000,000 |
| 2022 | 3,500,000 | 100,000 | 5,500,000 | 35,000,000 |
Client Segmentation
The company serves a diverse range of clients across industries, including:
- Retail Sector
- Finance and Banking
- Healthcare Providers
- Government Agencies
Each segment has specific needs that Datasea caters to with tailored solutions.
Geographical Reach
Datasea has expanded its operations to multiple geographies, contributing to its revenue diversification:
| Region | Revenue Contribution (in USD) | Percentage (%) |
|---|---|---|
| North America | 1,500,000 | 42.9 |
| Asia Pacific | 1,800,000 | 51.4 |
| Europe | 200,000 | 5.7 |
Cost Structure
Datasea's operational costs include:
- Research and Development: 30% of total expenses
- Sales and Marketing: 25% of total expenses
- Administrative Costs: 20% of total expenses
- Data Hosting and Infrastructure: 25% of total expenses
Market Trends and Growth Potential
The increasing demand for data analytics and AI solutions presents a significant opportunity for Datasea:
- The global big data market is projected to grow to USD 103 billion by 2027.
- The AI industry is expected to reach USD 390 billion by 2025.
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