Datasea Issues Statement Acknowledging Recent Stock Fluctuations; Reaffirms Normal Operations, Solid Financial Position; Says "Management Is Not Aware Of Any Undisclosed Material Information Or Corporate Developments That Would Explain The Recent Market Activity"

Author: Benzinga Newsdesk | November 18, 2025 09:34am

Datasea Inc. (NASDAQ:DTSS) ("Datasea" or the "Company") ,a Nevada-based high-tech enterprise engaged in acoustic technologies and AI multimodal digitalization, today issues a brief statement regarding recent trading activity in its common stock.

The Company has observed fluctuations in its share price and trading volume over the past several days. Datasea emphasizes that operations remain normal, the Company's business and financial position are solid, and all core initiatives continue to progress as planned. Management is not aware of any undisclosed material information or corporate developments that would explain the recent market activity.

Last week, Datasea reported strong financial results for the first fiscal quarter of 2026, including gross profit of USD 1.17 million, up 4.9x year-over-year, and a gross margin improvement to 8.46%, reflecting the Company's successful shift toward high-margin, technology-driven solutions. We are actively evaluating a range of strategic measures to help the market better recognize the value created by our technology innovation, margin improvement, and expanding commercial opportunities. Our goal is to ensure that Datasea's market performance more accurately reflects its financial progress and future growth trajectory.

Posted In: DTSS