Datasea Inc. Reports Net Loss of $9.5 Million for Fiscal Year 2023
Company's Revenue Drops to $7 Million Amid Challenging Year
By USInMinutes
Published - Sep 28, 2023, 01:22 PM ET
Last Updated - Sep 28, 2023, 01:22 PM EDT
Datasea Inc.(DTSS), a leading tech compa ny, has released its financial results for the fiscal year ending June 30, 2023. The company reported a significant net loss of $9.5 million, reflecting the challenges faced during the year. Furthermore, Datasea's revenue declined to $7 million, showcasing the impact of various operational factors on its financial performance.
Challenging Financial Year
The fiscal year 2023 proved to be a demanding period for Datasea Inc. as the company encountered numerous challenges that affected its financial performance.
Revenue Decline
