Datasea Intelligent Technology Ltd.

Snapshot

Datasea is a tiny acoustic-tech and AI agent company that shrank sharply this year: FY2026 revenue fell 43% to $40.7M after management exited lower-margin services, and the business lost $2.1M.

What's Happening Right Now

• Tue 13th Oct '26 · AI agent deals: Datasea said service value delivered under its five AI agent customer arrangements reached about $4.0 million as of October 8, 2026, up 264% from mid-September, though the company stresses this reflects services provided, not recognized revenue, against a stated potential annualized volume of up to $89.4 million.
• Mon 5th Oct '26 · Earnings: Datasea reported FY2026 revenue of $40.70M (down 43% YoY), narrowed its net loss 57% to about $2.2M, grew gross margin to 10.2%, and turned operating cash flow positive at roughly $2.0M, while also disclosing a second 180-day Nasdaq compliance period running to March 22, 2027.
• Fri 2nd Oct '26 · Going concern: Datasea's FY2026 20-F disclosed an auditor going-concern warning, cash of just $0.61M, a $4.20M working-capital deficit, and a $46.71M accumulated deficit, even as revenue fell 43% to $40.7M amid a deliberate pivot away from low-margin 5G services.
• Mon 28th Sep '26 · Nasdaq compliance: Datasea received a 180-day extension to March 22, 2027 to regain Nasdaq's $1.00 minimum bid price compliance, with the company signaling it may use a reverse stock split to cure the deficiency.
• Tue 8th Sep '26 · Registration: Registered $150.00M of securities for sale on Form F-3.
• Tue 11th Aug '26 · FDA listing: Datasea's NeuroVibe NV-02/NV-03 biofeedback devices completed FDA establishment registration and device listing as Class II 510(k)-exempt devices, a regulatory step short of full FDA approval.
• Tue 23rd Jun '26 · Offering: Closed an offering. Proceeds are not disclosed in the filings reviewed.
• Wed 3rd Jul '24 · Warrants: Issued warrants over 513K shares.