Shenzhen, China, December 20, 2024 – Taoping Inc. (Nasdaq: TAOP, the “Company”), a provider of innovative smart cloud platform services and solutions, new media and artificial intelligence (AI) solutions, today announced that on December 19, 2024, it received notification from The Nasdaq Stock Market LLC ("Nasdaq") confirming the Company has been granted an additional 180 calendar day period for compliance under its minimum bid price requirement through June 16, 2025. To regain compliance with Nasdaq’s minimum bid price requirement set forth under Nasdaq Listing Rule 5810(c)(3)(A), the closing bid price of the Company's ordinary shares needs to be at least US$1.00 per share or greater for at least ten consecutive business days by June 16, 2025. The Company intends to monitor the closing bi
Taoping Signs Letter of Intent to Acquire Yunti; Transformational Acquisition Would Substantially Improve Taoping’s Annual Revenue, Expand its Addressable Market, and Leverage its Current Portfolio
Shenzhen, China, December 9th, 2024 – Taoping Inc. (Nasdaq: TAOP, the “Company”), a provider of innovative smart cloud platform services and solutions, new media and artificial intelligence (AI) solutions, today announced that it has signed a letter of intent to acquire 100% of the equity of Shenzhen Yunti Internet of Things Co., Ltd. ("Yunti"), a Chinese company based in Shenzhen, Guangdong Province. Taoping's acquisition of Yunti, if consummated, is expected to open new revenue growth opportunities for the Company, while further consolidating and expanding the Company's market share in the lucrative elevator equipment and service industry. Under the letter of intent, Yunti’s shareholders agree to transfer their ownership of Yunti to the Company in exchange for newly issued ordinary share
Taoping Reports 28.4% Increase in Revenue for the First Six Months of 2024, withEPS of $0.13 Per Diluted Share Compared to a Loss of $1.10 in the Corresponding Period of 2023
Shenzhen, China, September 5, 2024 – Taoping Inc. (Nasdaq: TAOP, the “Company”), a provider of innovative smart cloud platform services and solutions, new media and artificial intelligence (AI) solutions, today reported a 28.4% year over year revenue growth to $18.1 million for the six months ended June 30, 2024, with a significant improvement in profitability as the Company delivered net income of $0.13 per diluted share, compared to a net loss of $1.10 per diluted share in the same period of last year. Taoping’s strong first half 2024 results were driven by increased demand for its cutting-edge Smart City products and solutions enabled by Taoping’s national sales network and scalable, compatible cloud platform. The Company’s integrated ecosystem solutions seamlessly combine its rob
Taoping Accelerates AI Business Growth with New Order for AI-Powered Smart Terminals
Shenzhen, China, July 18, 2024 – Taoping Inc. (Nasdaq: TAOP, the “Company”), a developer of innovative smart cloud platform services and solutions, new media and artificial intelligence solutions, today announced a further expansion of its AI business with a new order for the Company’s enhanced AI-powered Smart Terminals, which offer a powerful combination of efficiency, customization, and engagement, making them a compelling choice for businesses looking to optimize their operations and enhance customer interactions. Mr. Lin Jianghuai, Chairman and CEO of Taoping, said: "This is another major customer win, as we benefit from increased demand for our enhanced AI-based products and solutions, in advertising, media and other important markets. We are well positioned to benefit from this acce
Taoping Reports 25% YoY Increase in April Contract Revenue
Shenzhen, China, May 15, 2024 – 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 20.8 million (approximately USD $2.9 million) for the month of April 2024, representing an increase of 25% compared to the month of April 2023.The Company highlighted that its impressive growth was driven by its commitment to innovation, as evident by the increased demand for its wide array of AI-based products, including its Smart City solutions.Mr. Lin Jianghuai, Chairman and CEO of Taoping, said: “We are greatly encouraged by our ongoing expansion and the enthusiastic reception of our solutions portfolio from customers. Our focus on AI and cl
Taoping Launches New Enhanced AI-Powered Smart Terminal
Shenzhen, China, May 9, 2024 – Taoping Inc. (Nasdaq: TAOP, the “Company”), a developer of innovative smart cloud platform services and solutions, new media and artificial intelligence solutions, today unveiled a new, upgraded AI-powered smart terminal. This cutting-edge platform integrates AI Generative Artificial Intelligence (AIGC) with Taoping's intelligent cloud platform technology and product capabilities, paving the way for intelligent, AI-driven smart terminals. Taoping’s new enhanced AI-powered smart terminals leverage high-end video displays to seamlessly integrate AI technology. This facilitates rapid interaction, data collection, analysis, and more, optimizing the user experience. Initially targeting advertisers, these enhanced terminals enable them to autonomously generate dive
Taoping Reports Record 1Q 2024 Contract Revenuewith 53% Increase Compared to 1Q 2023
Shenzhen, China, April 9, 2024 – 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 60.1 million (approximately USD $8.3 million) for the first quarter of 2024, representing an increase of 53% compared to the first quarter of 2023. The record growth continues to be driven by customer demand for the Company’s cutting-edge Smart City solutions, AI-related products and innovative off-grid wastewater treatment solutions.The Company reiterated its expectation for sustained growth momentum throughout the year due to its previously implemented growth strategy. This growth is projected to be driven by increased demand led by its city