Taoping Reports Record 78% Year-Over-Year Contract Revenue Growth for January
SHENZHEN, China, Feb. 7, 2024 /PRNewswire/ -- Taoping Inc. (Nasdaq: TAOP, the "Company"), a developer of innovative smart cloud platform services and solutions, new media and artificial intelligence solutions, today reported 78% year-over-year growth in contract revenue for the month of January 2024.
- SHENZHEN, China, Feb. 7, 2024 /PRNewswire/ -- Taoping Inc. (Nasdaq: TAOP, the "Company"), a developer of innovative smart cloud platform services and solutions, new media and artificial intelligence solutions, today reported 78% year-over-year growth in contract revenue for the month of January 2024.
- With a total value of RMB 25.8 million (approximately USD $3.6 million), the record monthly contract revenue level was driven by demand for the Company's recently launched AI-related products and its innovative new off-grid wastewater treatment solution.
- Mr. Lin Jianghuai, Chairman and CEO of Taoping, said: "We achieved our latest significant milestone, delivering record contract revenue growth during a typically slower period marked by Chinese New Year closures.
- Given our expected continued strong growth, we believe we are also well positioned to unlock greater value, as we execute on our strategies to drive greater value for all shareholders."