Taoping Says May Contract Revenue Surged 52% YoY To $4.1M, Led By Continued AI-based Business Growth

6/10/24 8:33:05 AM ET

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Taoping Inc. (NASDAQ:TAOP, the ", Company", ))))), a developer of innovative smart cloud platform services and solutions, new media and artificial intelligence solutions, today reported a total contract revenue value of RMB 29.8 million (approximately USD $4.1 million) for the month of May 2024, representing an increase of 52% compared to the month of May 2023. This represents a 43% increase over April 2024, which had a total contract revenue value of RMB 20.8 million.

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Revenue Increased 124.6% YoY and Gross Margin increased to 37.6% HONG KONG, May 02, 2022 (GLOBE NEWSWIRE) -- Taoping Inc. (NASDAQ:TAOP, the "Company" or "TAOP"))), a provider of blockchain technology and smart cloud services, today announced its financial results for the year ended December 31, 2021. Fiscal Year 2021 Financial Highlights Revenue was $24.8 million for the year ended December 31, 2021, an increase of $13.8 million from $11.0 million for the year ended December 31, 2020. The revenue increase was mainly attributed to products and software sales totalling $5.8 million, advertising from the recently acquired subsidiary, Taoping New Media Co., Ltd. ("TNM") of
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Taoping Says May Contract Revenue Surged 52% YoY To $4.1M, Led By Continued AI-based Business Growth

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Recent Analyst Ratings for
$TAOP

$TAOP
Leadership Updates

Live Leadership Updates

TAOP Announces Appointment of Chief Marketing Officer and Provides Business Updates

TAOP Launches New Subsidiary Taoping Digital Assets (Hong Kong) Limited

TAOP Announces Key Management Appointments and Launch of Two New Business Divisions

$TAOP
Financials

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TAOP Reports Fiscal Year 2021 Financial Results

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SEC Form SC 13D/A filed by Taoping Inc. (Amendment)

SEC Form SC 13D/A filed by Taoping Inc. (Amendment)

SEC Form SC 13D/A filed by Taoping Inc. (Amendment)

$TAOP
Press Releases

Fastest customizable press release news feed in the world

Taoping Reports 28.4% Increase in Revenue for the First Six Months of 2024, with EPS of $0.13 Per Diluted Share Compared to a Loss of $1.10 in the Corresponding Period of 2023

Alert: 30% YoY Growth in Taoping's July 2024 Total Contract Revenue Value Driven by Strong Demand for AI-Based Products

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SEC Form 424B3 filed by Taoping Inc.

SEC Form 6-K filed by Taoping Inc.

SEC Form 6-K filed by Taoping Inc.

Taoping Says May Contract Revenue Surged 52% YoY To $4.1M, Led By Continued AI-based Business Growth

Chat with this insight

Recent Analyst Ratings for $TAOP

$TAOP Leadership Updates

Live Leadership Updates

TAOP Announces Appointment of Chief Marketing Officer and Provides Business Updates

TAOP Launches New Subsidiary Taoping Digital Assets (Hong Kong) Limited

TAOP Announces Key Management Appointments and Launch of Two New Business Divisions

$TAOP Financials

Live finance-specific insights

TAOP Reports Fiscal Year 2021 Financial Results

TAOP Reports Financial Results for the Six Months Ended June 30, 2021

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$TAOP Large Ownership Changes

This live feed shows all institutional transactions in real time.

SEC Form SC 13D/A filed by Taoping Inc. (Amendment)

SEC Form SC 13D/A filed by Taoping Inc. (Amendment)

SEC Form SC 13D/A filed by Taoping Inc. (Amendment)

$TAOP Press Releases

Fastest customizable press release news feed in the world

Taoping Reports 28.4% Increase in Revenue for the First Six Months of 2024, with EPS of $0.13 Per Diluted Share Compared to a Loss of $1.10 in the Corresponding Period of 2023

Alert: 30% YoY Growth in Taoping's July 2024 Total Contract Revenue Value Driven by Strong Demand for AI-Based Products

Taoping Accelerates AI Business Growth with New Order for AI-Powered Smart Terminals

$TAOP Market Insights

Live Market Insights

Taoping shares are trading higher after the company announced further expansion of its AI business with a new order for enhanced AI-powered Smart Terminals.

Taoping Expands AI Business With New Order For AI-Powered Smart Terminals

Taoping's AI Solutions Drives 32% Growth In First Half 2024, With Total Contract Revenue Value Of ~$19.3M

$TAOP SEC Filings

SEC Form 424B3 filed by Taoping Inc.

SEC Form 6-K filed by Taoping Inc.

SEC Form 6-K filed by Taoping Inc.

Recent Analyst Ratings for
$TAOP

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Leadership Updates

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Financials

$TAOP
Large Ownership Changes

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Press Releases

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Market Insights

$TAOP
SEC Filings