Datasea reports Q1 EPS 0c vs (5c) last year

Reports Q1 revenue $6.88M vs $0 last year. “Our first quarter results delivered strong performance with revenue of approximately $6.8 million. The increase in revenue was mainly due to the rapid increase of our 5G messaging business in China. For the current period, we benefitted from our diversified communications portfolio, our expanded addressable market and our continued improvement in productivity. Our continuously optimized products and application services that have been developed to match the real needs of customers have brought steady order flow and income to the Company. In addition, our customized systems and services have led to an improvement in our 5G segment operating margins in the first quarter of 2024.”