Luokung Provides Business Update in Letter to Shareholders

$LKCO
EDP Services
Technology
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Recent Analyst Ratings for
$LKCO

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$LKCO
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  • Luokung Announces Receipt of Nasdaq Delisting Notice Subject to Hearing

    BEIJING, Feb. 14, 2025 (GLOBE NEWSWIRE) -- Luokung Technology Corp. (NASDAQ:LKCO) ("Luokung" or the "Company") today announced that on February 11, 2025, it has received a letter (the "Letter") from The Nasdaq Stock Market LLC ("Nasdaq"), notifying that the Company is not in compliance with Nasdaq Listing Rule 5550(b), and the Nasdaq staff has determined that the Company did not provide a definitive plan evidencing its ability to achieve near term compliance with the continued listing requirements or sustain such compliance over an extended period of time. As a result, the Nasdaq staff has determined to deny the Company's request for continued listing on The Nasdaq Capital Market (the "De

    $LKCO
    EDP Services
    Technology
  • Luokung Announces Receipt of Nasdaq Notices Regarding the Periodic Filing

    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

    $LKCO
    EDP Services
    Technology
  • Luokung Announces Receipt of Nasdaq Notices Regarding Periodic Filing Compliance and Stockholders' Equity Deficiency

    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

    $LKCO
    EDP Services
    Technology

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  • Luokung Announces Financial Results for First Half 2022, Reports Record Revenues of Approximately $62.8 Million for the Period

    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

    $LKCO
    EDP Services
    Technology
  • Luokung Provides Business Update in Letter to Shareholders

    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

    $LKCO
    EDP Services
    Technology
  • Luokung Reports 2021 Year-end Financial Results, Reports Record Annual Revenues of $145.1 Million

    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

    $LKCO
    EDP Services
    Technology

$LKCO
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