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TAOP

Taoping Inc.

TAOP

Taoping Inc. • NASDAQ
$2.17 ▼ -5.65% (-0.13)
Market Cap $2.17 M
52w High $24.90
52w Low $1.81
Dividend Yield 0%
P/E -0.12
Volume 28.17K
Outstanding Shares 1.00M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q4-2024 $9.297M $2.557M $-1.204M -12.951% $-4.36 $-281.5K
Q3-2024 $9.297M ▲ $2.557M ▲ $-1.204M ▼ -12.951% ▼ $-4.36 ▼ $-281.5K ▼
Q2-2024 $9.039M $2.133M $294.372K 3.257% $0.065 $535.875K
Q1-2024 $9.039M ▼ $2.133M ▲ $294.372K ▼ 3.257% ▼ $0.065 ▼ $535.875K ▼
Q4-2023 $12.279M $1.749M $555.544K 4.524% $0.37 $1.331M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2024 $1.577M $35.129M $19.259M $15.869M
Q3-2024 $1.577M ▲ $35.129M ▲ $19.259M ▲ $15.869M ▲
Q2-2024 $480.3K $34.08M $18.242M $15.838M
Q1-2024 $480.3K ▼ $34.08M ▲ $18.242M ▼ $15.838M ▲
Q4-2023 $1.301M $32.826M $20.063M $12.763M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q4-2024 $-1.204M $73.707K $-149.501K $624.838K $0 $-64.668K
Q3-2024 $-1.204M ▼ $73.707K ▲ $-149.501K ▲ $624.838K ▼ $0 ▲ $-64.668K ▲
Q2-2024 $294.372K $-1.266M $-388.419K $1.25M $-410.278K $-1.654M
Q1-2024 $294.372K ▼ $-1.266M ▼ $-388.419K ▲ $1.25M ▼ $-410.278K ▼ $-1.654M ▼
Q4-2023 $555.544K $-827.873K $-430.477K $1.746M $840.708K $-1.151M

Five-Year Company Overview

Income Statement

Income Statement Taoping’s revenue base is very small but has inched up and then held fairly steady in recent years. The company is roughly at break-even at the operating level, a clear improvement from earlier, more meaningful losses. Net results are now hovering near flat rather than deep in the red. However, the extremely weak earnings per share figure is heavily distorted by repeated reverse stock splits, not by a sudden collapse in the business. Overall, the income statement shows a tiny, fragile business that has stabilized but not yet grown into a clear, profitable scale story.

Balance Sheet

Balance Sheet The balance sheet is light, reflecting a small company with limited resources. Assets are modest, cash appears thin, and there is a constant layer of debt that the company carries from year to year. Shareholders’ equity has moved from negative to positive territory, which is a constructive sign, but the cushion remains slim. This adds financial fragility: the company does not appear overburdened by debt, but it also does not have a strong capital base or large reserves to absorb shocks or fund big expansions on its own.

Cash Flow

Cash Flow Cash flow from the core business has recently been close to break-even, after prior years of cash burn. Investment spending has been modest, so overall free cash flow is near flat. This reduces immediate cash pressure but leaves little room for error, large projects, or setbacks. The company’s ability to self-fund future growth looks limited, suggesting that expansion plans may depend on maintaining access to external capital or improving profitability further.

Competitive Edge

Competitive Edge Taoping operates in crowded, fast-moving segments like AI-powered advertising, smart city infrastructure, smart agriculture, and smart elevator solutions. Its competitive edge rests on an integrated platform that combines hardware, AI software, and data analytics, plus a network of city partners and government-related relationships in China. These relationships can ease market entry and support deployment of its solutions. However, Taoping is small compared with global and domestic tech competitors, which makes scale, brand recognition, and pricing power weaker. Its position is more that of a niche, innovation-driven player trying to carve out specific segments rather than a dominant platform company.

Innovation and R&D

Innovation and R&D Innovation is clearly the heart of Taoping’s strategy. The company is pushing AI-powered smart terminals that can generate advertising content automatically, a cloud platform (Cloud Nest AI) that ties its offerings together, and end-to-end solutions for smart agriculture and smart elevators. It is also exploring a step-up into robotics and advanced AI hardware through a potential acquisition, which, if completed and well executed, could expand its technology base. The main opportunity is to turn this innovation pipeline into scalable, repeatable products and services. The main risks are execution, integration of new technologies and acquisitions, and staying ahead in fields where many larger, better-funded rivals also invest heavily in R&D.

Summary

Taoping is a very small technology company in transition, trying to move from traditional digital signage toward a broader AI- and IoT-driven smart solutions platform. Financially, it appears to have moved from persistent losses toward break-even, but on a very modest revenue base with a thin balance sheet and limited cash. Strategically, it has interesting assets: an integrated AI platform, smart agriculture and elevator initiatives, and a web of local partnerships and government-linked projects in China. The story is heavily dependent on successful execution—turning pilot projects and innovation into durable, profitable scale—while managing funding needs and competition from much larger technology firms. Overall, this is a high-uncertainty, innovation-led situation where operational progress and balance-sheet strength are key variables to watch over time.

NEWS

October 17, 2025 · 8:30 AM UTC

Taoping Signs Letter of Intent to Acquire Alphalion Holding, Significantly Bolsters AI-Driven Digital Ecosystem

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September 30, 2025 · 8:30 AM UTC

Taoping to Acquire Skyladder Group in All-Stock Transaction Valued at RMB 152 Million

Read more