Datasea addresses recent stock price fluctuations

Datasea Inc. (NASDAQ: DTSS) issued a statement regarding recent fluctuations in its share price and trading volume. The Nevada-based acoustic technologies and AI digitalization company said its operations remain normal and management is not aware of any undisclosed material information that would explain the recent market activity.

The company reported gross profit of $1.17 million for the first fiscal quarter of 2026, representing a 4.9-fold increase year-over-year. Gross margin improved to 8.46%, reflecting the company's shift toward technology-driven solutions, according to the press release.

CEO Zhixin Liu stated the company has achieved technological breakthroughs in acoustic technologies and brain-computer interface applications. "We remain confident that as Datasea executes its established strategies and advances its long-term development plans, the Company will achieve sustainable, high-quality growth," Liu said.

Datasea said it is evaluating strategic measures to help the market recognize the value created by its technology innovation and margin improvement. The company operates in acoustic technologies and 5G-AI multimodal digitalization sectors.

The company established a wholly-owned subsidiary, Datasea Acoustics LLC, in Delaware in July 2023 as part of its U.S. market entry strategy. Datasea reminded investors to rely solely on information from official SEC filings, press releases, and authorized public communications.

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