Luokung Technology Corp., together with its subsidiaries, provides location-based services and mobile application products for long distance travelers in the People's Republic of China. It offers Luokuang mobile application, a content and service distribution platform that provides content and services, such as information, entertainment, travel, e-commerce, online to offline, advertisement, and other marketing features. The company also offers software development kits and application-programming interfaces, which provide spatial-temporal big data analysis and customized map to software and mobile application developers; and spatial temporal indexing cloud service, a data-level virtualization technology. In addition, it offers information SuperEngine that includes the server engine, which enables to store, manage, and index the spatial temporal big data on the server side; and Web graphics image engine that supports transmission of graphics images, as well as display and edge computing for multi-terminal and cross-platform. Further, the company provides spatial temporal cloud platform that offers cloud services, including data storage, data resource, and platform support services, as well as supports users to aggregate multi-source spatial data, map services, and Internet of Things streaming data. Luokung Technology Corp. has a strategic partnership with Jiangsu Dianyu Information Technology Co., Ltd. to expand mobile commercial big data services in the 5G era. The company is headquartered in Beijing, China.
IPO Year:
Exchange: NASDAQ
Website: luokung.com
BEIJING, Dec. 27, 2022 /PRNewswire/ -- Luokung Technology Corp. (NASDAQ:LKCO) ("Luokung," "we," "our" or the "Company"), today announced preliminary revenue results for the six months ended June 30, 2022, which remain subject to semi-annual period end closing adjustments. Luokung achieved record total revenue for the six months ended June 30, 2022 of approximately $62.8 million, compared to $37.8 million in the prior-year period. Advertising Services For the six months ended June 30, 2022, revenue from advertising services was $57.3 million, an increase of $25.7 million, or 81.2%, from $31.6 million for the six months ended June 30, 2021. The increase was mainly due to the integration and im
BEIJING, May 26, 2022 /PRNewswire/ -- Luokung Technology Corp. (NASDAQ:LKCO) ("Luokung," "we," "our" or "us"), a leading spatial-temporal intelligent big data services company and provider of interactive location-based services ("LBS") and high-definition maps ("HD Maps") in China, today made available the following open letter to shareholders from Mr. Xuesong Song, our Chairman and CEO, regarding Luokung's business strategy and outlook for 2022 and beyond: To all of Luokung's shareholders, We are incredibly proud of our progress in 2021, which was highlighted by record revenue of over $145 million, more than seven times that in 2020. This was a milestone year for Luokung, and this is only t
Company to Host Conference Call on Thursday, May 12, 2022, at 8:00 a.m. ET BEIJING, May 11, 2022 /PRNewswire/ -- Luokung Technology Corp. (NASDAQ:LKCO) ("Luokung" or the "Company"), a leading spatial-temporal intelligent big data services company and provider of interactive location-based services ("LBS") and high-definition maps ("HD Maps") in China, today announced results for the year ended December 31, 2021. 2021 Year-end Financial Highlights: Revenues of $145.1 million, compared to $18.3 million for 2020, primarily driven by increased contributions from the LBS advertising businessNet loss of $61.5 million, compared to net loss of $40.1 million for 2020, primarily as a result of increa
BEIJING, May 9, 2022 /PRNewswire/ -- Luokung Technology Corp. (NASDAQ:LKCO) ("Luokung" or the "Company"), a leading spatial-temporal intelligent big data services company and provider of interactive location-based services ("LBS") and high-definition maps ("HD Maps") in China, today announced that it will release its financial results for the year ended December 31, 2021, after the close of the stock market on Wednesday, May 11, 2022. The Company will discuss its financial results in a conference call at 8:00 a.m. ET on Thursday, May 12, 2022. Participant Dial-in NumbersU.S. & Canada (Toll-Free): +1 (866) 682-6100International (Toll): +1 (862) 298-0702 Webcast The call will also be made a
BEIJING, Oct. 27, 2021 /PRNewswire/ -- Luokung Technology Corp. (NASDAQ:LKCO) ("Luokung" or the "Company"), a leading spatial-temporal intelligent big data services company and provider of interactive location-based services ("LBS") and high-definition maps ("HD Maps") in China, today announced that it will release its financial results for the six months ended June 30, 2021, after the close of the stock market on Monday, November 1, 2021. The Company will discuss its financial results in a conference call at 8:00 a.m. ET on Tuesday, November 2, 2021. Participant Dial-in Numbers U.S. & Canada (Toll-Free): +1 (877) 445-9755 International (Toll): +1 (201) 493-6744 Webcast The call will also be
BEIJING, Aug. 26, 2021 /PRNewswire/ -- Luokung Technology Corp. (NASDAQ:LKCO) ("Luokung" or the "Company"), a leading spatial-temporal intelligent big data services company and provider of interactive location-based services ("LBS") and high-definition maps ("HD Maps") in China, today announced preliminary revenue results for the six months ended June 30, 2021, which remain subject to semi-annual period end closing adjustments. Luokung achieved record total revenue for the six months ended June 30, 2021 of approximately $37.8 million, compared to $7.3 million in the prior-year period. LBS BusinessFor the six months ended June 30, 2021, revenue from the LBS business was $31.6 million, an inc
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BEIJING, Jan. 15, 2025 (GLOBE NEWSWIRE) -- Luokung Technology Corp. (NASDAQ:LKCO) ("Luokung" or the "Company") today announced that on January 9, 2025 (the "First Letter") and January 13, 2025 (the "Second Letter"), the Company received two letters from the Nasdaq Stock Market LLC ("Nasdaq"). The First Letter notified the Company that it has failed to file a foreign report on Form 6-K (the "Form 6-K") containing an interim balance sheet and income statement as of June 30, 2024, which is in contravention of Nasdaq Listing Rule 5250(c)(2) (the "Rule"). On January 10, 2025, the Company filed its semi-annual report on the Form 6-K (the "Semi-Annual Report"). The Second Letter notified the C
BEIJING, Oct. 25, 2024 (GLOBE NEWSWIRE) -- Luokung Technology Corp. (NASDAQ:LKCO) ("Luokung" or the "Company"), a leading spatial-temporal intelligent big data services company and provider of interactive location-based services ("LBS") and high-definition maps ("HD Maps") in China, today announced that on October 23, 2024, the Company received two letters from the Nasdaq Stock Market LLC ("Nasdaq"). The first letter notified the Company that, based on the filing of its Form 20-F for the year ended December 31, 2023 (the "2023 20-F") on October 22, 2024, the Company has regained compliance with Nasdaq Listing Rule 5250(c)(1) regarding periodic filing requirements. Accordingly, Nasdaq con
BEIJING, Oct. 07, 2024 (GLOBE NEWSWIRE) -- Luokung Technology Corp. (NASDAQ:LKCO) ("Luokung" or the "Company"), a leading spatial-temporal intelligent big data services company and provider of interactive location-based services ("LBS") and high-definition maps ("HD Maps") in China, today announced that on October 1, 2024, it received a letter from the Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that it has regained compliance with the Nasdaq Capital Market's minimum bid price requirement. The letter noted that as of September 30, 2024, the Company evidenced a closing bid price of its ordinary shares at or greater than the $1.00 per share minimum requirement for 10 consecutiv
BEIJING, Sept. 12, 2024 (GLOBE NEWSWIRE) -- Luokung Technology Corp. (NASDAQ:LKCO) ("Luokung," "we," "our" or the "Company"), a British Virgin Islands company, reported that it expects to implement a 8-to-1 share combination on its ordinary shares effective Tuesday, September 17, 2024, with trading to begin on a split-adjusted basis at the market open on that day. Trading in the ordinary shares will continue on the Nasdaq Capital Market under the symbol "LKCO". The new CUSIP number for the ordinary shares following the share combination is G56981 114. Upon the effectiveness of the share combination, every 8 shares of the Company's issued and outstanding ordinary shares will automaticall
BEIJING, May 14, 2024 (GLOBE NEWSWIRE) -- Luokung Technology Corp. (NASDAQ:LKCO) ("Luokung" or the "Company"), a leading spatial-temporal intelligent big data services company and provider of interactive location-based services ("LBS") and high-definition maps ("HD Maps") in China, today announced that on May 2, 2024, the Company received a notice from the NASDAQ Stock Market (the "Nasdaq Notice"), notifying the Company that it is not in compliance with the requirements for continued listing set forth in NASDAQ Listing Rule 5250(c)(1) because it did not timely file its annual report on Form 20-F for the year ended December 31, 2023 (the "2023 Annual Report"). In accordance with NASDAQ
BEIJING, May 08, 2024 (GLOBE NEWSWIRE) -- Luokung Technology Corp. (NASDAQ:LKCO) ("Luokung" or the "Company"), a leading spatial-temporal intelligent big data services company and provider of interactive location-based services ("LBS") and high-definition maps ("HD Maps") in China, today announced that on May 2, 2024, the Company received an additional 180 calendar day extension ("Second Compliance Grace Period") from Nasdaq's Listing Qualifications Department to meet Nasdaq's continuing listing requirements by maintaining a minimum bid price per share of $1.00 for a minimum of 10 consecutive trading days. The Company now has until October 28, 2024 to regain compliance. Nasdaq's ext
BEIJING, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Luokung Technology Corp. (NASDAQ:LKCO) ("Luokung" or the "Company"), a leading spatial-temporal intelligent big data services company and provider of interactive location-based services ("LBS") and high-definition maps ("HD Maps") in China, today announced that it has received a notification letter from The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that it is not in compliance with the minimum bid price requirement set forth in Nasdaq Listing Rules 5550(a)(2) and 5810(c)(3)(A), which require that the closing bid price for the Company's ordinary shares listed on Nasdaq be maintained at a minimum of US$1.00 and failure to maintain it
BEIJING, March 27, 2023 /PRNewswire/ -- Luokung Technology Corp. (NASDAQ:LKCO) ("Luokung," "we," "our" or the "Company"), a leading spatial-temporal intelligent big data services company and provider of interactive location-based services ("LBS") in China, today announced that it has signed a shares subscription agreement with a strategic investor CHINA ORIENT SMART ECOTECH INVESTMENT GROUP LIMITED ("COIG"), pursuant to which the Company agreed to issue a total of 5,469,019 restricted ordinary shares for an aggregate of USD220 million of strategic investment. The closing of the investment is in two tranches. The first tranche of $22 million is expected be within 30 working days from the date
BEIJING, March 21, 2023 /PRNewswire/ -- Luokung Technology Corp. (NASDAQ:LKCO) ("Luokung," "we," "our" or the "Company"), a British Virgin Islands company, reported that it expects to implement a 30-to-1 share combination on its ordinary shares effective Tuesday, March 22, 2023, with trading to begin on a split-adjusted basis at the market open on that day. Trading in the ordinary shares will continue on the Nasdaq Capital Market under the symbol "LKCO". The new CUSIP number for the ordinary shares following the share combination is G56981 205. Upon the effectiveness of the share combination, every 30 shares of the Company's issued and outstanding ordinary shares will automatically be combi
BEIJING, January 10, 2023 /PRNewswire/ -- Luokung Technology Corp. (NASDAQ:LKCO) ("Luokung" or the "Company"), a leading spatial-temporal intelligent big data services company and provider of interactive location-based services ("LBS"), today announced that on January 4, 2023, the Company received notice from the Listing Qualifications Department (the "Staff") of The Nasdaq Stock Market LLC ("Nasdaq") indicating that, based upon the Company's non-compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) (the "Rule") as of January 3, 2023, the Company's securities would be delisted from Nasdaq unless the Company timely requests a hearing before the Nasdaq H