YTD Through Q3-21 Financial Performance And Key Developments

LKCO acquired eMapgo in 2021. Prior to that, LKCO generated most of its revenues from Advertising services (98% of total revenue), the provision of user acquisition services to advertisers who pays by CPI (Cost Per Install), CPM (Cost Per Mile), and CPC (Cost Per Click). The remainder and very minor portion of its revenues come from software licenses and technology support. Its revenue was flat (and slightly shrinking) during past three years. Cost of Revenue (mainly traffic acquisition costs) was 95.7% in 2020.

eMapgo significantly solidified LKCO's top line. YTD through Sep. 2021, revenue was $74.9MM vs. $13.1MM prior year. Q3-21 revenue was $37.0MM vs. $5.8MM prior year. The following details represent the key developments of LKCO in 2021. In my opinion, this remains an exciting step-change.

Oct. 2021 - Luokung Affiliate eMapgo Introduces Refueling Visualization System at PetroChina 2021 Technology and Innovation Conference

Sep. 2021 - Luokung Announces eMapgo Signs Cooperation Agreement with Microsoft (NASDAQ:MSFT) for Launch of Autonomous Driving Services

Sep. 2021 - Luokung Announces eMapgo to Provide Community Information Management and Technical Services for Heilongjiang Mobile

Sep. 2021 - Luokung Announces eMapgo to Provide Autonomous Driving Data Services for Zenseact

Aug. 2021 - IDC Names Luokung VIE eMapgo a Top Player in China's HD Maps Market in 2020 China Market Share Report

Jun. 2021 - Luokung Signs Autonomous-Driving Data Services Contracts with Leading Global Auto Manufacturer and Auto Parts Supplier

Mar. 2021 - Luokung Announces Closing on 100% Equity Interests of eMapgo Technologies ($119 million)

LKCO's Business Strategy Presents Near-Term Revenue Opportunities, And Potentially A Metaverse Play In The Long Run

According to LKCO, it focuses on the following three areas.

Smart transportation: For roads, LKCO provides smart road service, such as HD Map-based smart road AI digital base, 24/7 road hazard awareness, severe weather perception, and other road information data perception service systems and smart management platforms. To understand how massive the market could be. 

In 2020, the number of newly registered cars in China was 24.24 million, and the number of vehicles in possession was 281 million. The total mileage of highways in China was about 160,000 kilometers.

Furthermore, with eMapgo's mapping capabilities and LKCO's underlying database along with LKCO's SuperEngine Spatial-Temporal big data engine, LKCO is well-positioned to compete in this space.

Carbon neutrality remote sensing data services: LKCO has established China's most powerful remote sensing data engine that integrates high-resolution remote sensing, HD maps, and various IoT sensor data. Its capability could address a broader market focus on industrial applications in carbon emission, carbon neutrality, geographical resources, forestry resources, water resources, crops, and others. This seems a new area to explore, but there are limited data points at this stage.

Internet LBS and related smart industry services: LKCO's AI spatial-temporal big data services can be broadly applied to internet applications and modern logistics, supply chain, urban transportation, emergency rescue, smart industrial parks, smart cities, and other applications.

https://walletinvestor.com/stock-forecast/lkco-stock-prediction#:~:text=Luokung%20Technology%20Corp%20quote%20is,up%20to%20%24641.12%20in%202026.