Taoping (TAOP) Company Overview

SHENZHEN, China , Dec. 9, 2024 /PRNewswire/ -- 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 non-binding 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.

SHENZHEN, China , Sept. 5, 2024 /PRNewswire/ -- 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.

SHENZHEN, China, July 8, 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 a total contract revenue value of approximately RMB 140 million (approximately USD $19.3 million) for the first half of 2024, representing 32% growth over the year-ago period. Mr. Lin Jianghuai, Chairman and CEO of Taoping, said: "Our AI-based products are driving record growth, and we expect this trend to continue into the second half of the year, based on positive indications from customers and emerging opportunities.

SHENZHEN, China , June 24, 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 announced that on June 21, 2024, it received a written notification letter (the "Notification Letter") from The Nasdaq Stock Market LLC ("Nasdaq"), notifying the Company that it is currently not in compliance with the minimum bid price requirement set forth under Nasdaq Listing Rule 5550(a)(2), which requires listed securities to maintain a minimum bid price of US$1.00 per share. Nasdaq Listing Rule 5810(c)(3)(A) provides that a failure to meet the minimum bid price requirement exists if the deficiency continues for a period of 30 consecutive business days.

SHENZHEN, China , June 10, 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 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.