TAOP

Taoping Reports Record 78% Year-Over-Year Contract Revenue Growth for January

Retrieved on: 
Wednesday, February 7, 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.

Key Points: 
  • 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."

Taoping Continues to Build Revenue Momentum With its Innovative Off-Grid Wastewater Treatment Solutions; New Project Completions and Order Pipeline Both Continue to Expand

Retrieved on: 
Thursday, January 25, 2024

The Company is capitalizing on this demand by offering high-efficiency, market-priced solutions that come with comprehensive support throughout the entire project lifecycle.

Key Points: 
  • The Company is capitalizing on this demand by offering high-efficiency, market-priced solutions that come with comprehensive support throughout the entire project lifecycle.
  • This one-stop support spans project planning, construction, implementation, operation, maintenance, and integration with Taoping's powerful Cloud Nest AI system and intelligent Cloud platform.
  • Simultaneously, our innovative wastewater treatment solutions are making a significant impact by empowering communities in developing countries and remote areas.
  • The completion of new projects and the expansion of the order pipeline indicate ongoing growth and success for the Company.

Taoping Reports 80% Increase in Contract Revenue Value for the Full Year 2023

Retrieved on: 
Tuesday, January 16, 2024

SHENZHEN, China, Jan. 16, 2024 /PRNewswire/ -- Taoping Inc. (Nasdaq: TAOP, the "Company"), today reported an 80% increase in the Company's contract revenue value for the full year of 2023, as compared with the full year of 2022.

Key Points: 
  • SHENZHEN, China, Jan. 16, 2024 /PRNewswire/ -- Taoping Inc. (Nasdaq: TAOP, the "Company"), today reported an 80% increase in the Company's contract revenue value for the full year of 2023, as compared with the full year of 2022.
  • The Company entered into contracts totaling RMB 270 million (approximately US$37.94 million) during 2023, with the majority of the revenue expected to be recognized within fiscal year 2023 and the balance in fiscal year 2024.
  • Taoping achieved strong growth throughout 2023, with demand led by the Company's city partner ecosystem and comprehensive portfolio of core high-value, high-traffic area software development and advertising business solutions.
  • Mr. Lin Jianghuai, Chairman and CEO of Taoping, said: "We are very encouraged with our strong growth in 2023 as our business rebounded along with the overall economy.

Taoping Awarded RMB16.2 Million Contract to Provide AI Servers to Fuzhou Shenpeng Technology

Retrieved on: 
Monday, December 11, 2023

SHENZHEN, China, Dec. 11, 2023 /PRNewswire/ -- Taoping Inc. (Nasdaq: TAOP, the "Company"), today announced the Company was awarded a RMB16.2 million contract to provide AI servers to Fuzhou Shenpeng Technology Co. Ltd.

Key Points: 
  • SHENZHEN, China, Dec. 11, 2023 /PRNewswire/ -- Taoping Inc. (Nasdaq: TAOP, the "Company"), today announced the Company was awarded a RMB16.2 million contract to provide AI servers to Fuzhou Shenpeng Technology Co. Ltd.
  • The Company expects to recognize the revenue from this contract by the first quarter of 2024.
  • Taoping has seen an uplift in its AI-related business as it benefits from the broader market growth and adoption across industries and end markets.
  • In addition to providing essential AI servers, Taoping developed an integrated cloud-based solution that harnesses the power and flexibility of AI alongside the Company's robust new Cloud Nest AI platform.

Taoping Awarded RMB15 Million Cloud-Based Data Analytics Services Contract; Expands Reach to Mining Industry

Retrieved on: 
Wednesday, November 8, 2023

SHENZHEN, China, Nov. 8, 2023 /PRNewswire/ -- Taoping Inc. (Nasdaq: TAOP, the "Company"), today announced the Company was awarded a RMB15 million contract to provide integrated, cloud-based data analytics services to Shenzhen Chuangzhi Tiancheng Tech Co Ltd. to facilitate the intelligent operation and management of its mining project located in Northwest China, while greatly improving operating efficiency and safety.

Key Points: 
  • SHENZHEN, China, Nov. 8, 2023 /PRNewswire/ -- Taoping Inc. (Nasdaq: TAOP, the "Company"), today announced the Company was awarded a RMB15 million contract to provide integrated, cloud-based data analytics services to Shenzhen Chuangzhi Tiancheng Tech Co Ltd. to facilitate the intelligent operation and management of its mining project located in Northwest China, while greatly improving operating efficiency and safety.
  • Taoping's integrated cloud-based solution leverages AI and the Company's proprietary intelligent data collection and analysis platform to uncover and accelerate opportunities for intelligent operations and business management.
  • This latest win for Taoping also expands the Company's reach, representing the first application of the Company's powerful new Cloud Nest AI system and intelligent cloud platform solutions in the mining industry.
  • The consistency and quality of our data analytics impressed Shenzhen Chuangzhi Tiancheng Tech and resulted in the exploration of opportunities to incorporate our solutions into its mining project.

Taoping Awarded RMB10 Million Cloud-Based Advertising Services Contract

Retrieved on: 
Tuesday, October 31, 2023

SHENZHEN, China, Oct. 31, 2023 /PRNewswire/ -- Taoping Inc. (Nasdaq: TAOP, the "Company"), today announced the Company was awarded a RMB10 million contract to provide cloud-based advertising services to Shenzhen Zhaoyou Tech Co. Ltd. Taoping expects to recognize the full RMB10 million in revenue in 1Q 2024.

Key Points: 
  • SHENZHEN, China, Oct. 31, 2023 /PRNewswire/ -- Taoping Inc. (Nasdaq: TAOP, the "Company"), today announced the Company was awarded a RMB10 million contract to provide cloud-based advertising services to Shenzhen Zhaoyou Tech Co. Ltd. Taoping expects to recognize the full RMB10 million in revenue in 1Q 2024.
  • Today's announcement follows October's news of Taoping's nearly 100% year-over-year increase in contract revenue value through the first nine months of 2023 for the Company's cloud-based product and software and advertising businesses.
  • During the nine-month period, the Company entered into contracts totaling RMB191 million (approximately US$26.55 million), the revenues from which the Company expects to recognize within fiscal year 2023.
  • On being awarded the RMB10 million contract to provide cloud-based advertising services to Shenzhen Zhaoyou, Mr. Lin Jianghuai, Chairman and CEO of Taoping, said: "We have been gearing up for larger cloud-based service contracts after making investments in our portfolio, infrastructure and team.

ALERT: Taoping Contract Revenue Value Jumps Nearly 100% in First Nine Months of 2023

Retrieved on: 
Thursday, October 12, 2023

SHENZHEN, China, Oct. 12, 2023 /PRNewswire/ -- Taoping Inc. (Nasdaq: TAOP, the "Company"), today reported a nearly 100% year-over-year increase in the Company's contract revenue value for its cloud-based product, software and advertising businesses in the first nine months of 2023.

Key Points: 
  • SHENZHEN, China, Oct. 12, 2023 /PRNewswire/ -- Taoping Inc. (Nasdaq: TAOP, the "Company"), today reported a nearly 100% year-over-year increase in the Company's contract revenue value for its cloud-based product, software and advertising businesses in the first nine months of 2023.
  • The Company entered into contracts totaling RMB 191 million (approximately US$26.55 million) during the first nine months of 2023, the revenues from which the Company expects to recognize within fiscal year 2023.
  • The surge in growth follows the 95% year-over-year increase in contract revenue value reported for the first six months of 2023.
  • Mr. Lin Jianghuai, Chairman and CEO of Taoping, said: "After the Company's record start to 2023, we had high expectations for our business in the post-pandemic environment.

Taoping Reports First Half 2023 Financial Results

Retrieved on: 
Friday, September 1, 2023

SHENZHEN, China, Sept. 1, 2023 /PRNewswire/ -- Taoping Inc. (NASDAQ: TAOP, the "Company") today reported financial results for the first six months of its fiscal year ending December 31, 2023.

Key Points: 
  • SHENZHEN, China, Sept. 1, 2023 /PRNewswire/ -- Taoping Inc. (NASDAQ: TAOP, the "Company") today reported financial results for the first six months of its fiscal year ending December 31, 2023.
  • The Company expects that the gross margin for the second half of 2023 will be consistent with the first half of the year.
  • The Company expects that the administrative expenses for the second half of 2023 will decrease as a result of the decrease of share-based compensation.
  • R&D expenses for the second half of 2023 are expected to be consistent with revenue growth.

Taoping Regains Compliance with Nasdaq Minimum Bid Price Requirement

Retrieved on: 
Wednesday, August 16, 2023

SHENZHEN, China, Aug. 16, 2023 /PRNewswire/ -- Taoping Inc. (Nasdaq: TAOP, the "Company" or "Taoping"), today announced that on August 15, 2023, it received notification from The Nasdaq Stock Market LLC ("NASDAQ") confirming the Company has cured the bid price deficiency, and that the Company has regained compliance with Listing Rule 5550(a)(2).

Key Points: 
  • SHENZHEN, China, Aug. 16, 2023 /PRNewswire/ -- Taoping Inc. (Nasdaq: TAOP, the "Company" or "Taoping"), today announced that on August 15, 2023, it received notification from The Nasdaq Stock Market LLC ("NASDAQ") confirming the Company has cured the bid price deficiency, and that the Company has regained compliance with Listing Rule 5550(a)(2).
  • Accordingly, this matter is now closed and the Company's ordinary shares will continue to trade uninterrupted on NASDAQ under the ticker "TAOP".

Taoping Contract Revenue Value Surges 95% YoY 1H 2023

Retrieved on: 
Tuesday, July 11, 2023

SHENZHEN, China, July 11, 2023 /PRNewswire/ -- Taoping Inc. (NASDAQ: TAOP, the "Company" or "Taoping"), today reported a 95% increase in contract revenue value for its cloud-based product, software and advertising businesses for the first half of 2023 on a year over year basis.

Key Points: 
  • SHENZHEN, China, July 11, 2023 /PRNewswire/ -- Taoping Inc. (NASDAQ: TAOP, the "Company" or "Taoping"), today reported a 95% increase in contract revenue value for its cloud-based product, software and advertising businesses for the first half of 2023 on a year over year basis.
  • The Company has received contracts totaling RMB 106 million (approximately US$14.65 million) in the first half of 2023, all of which are expected to be completed and recognized as revenue within fiscal year 2023.
  • This is an exciting time for us as our team has done an excellent job staying focused during the challenging COVID-19 period.
  • This deliberate strategy allows us to offer innovative and comprehensive offerings that deliver unparalleled value to our customers."