TAOPNasdaqServices-Prepackaged SoftwareUS GAAP · USD

Taoping Inc.

Taoping Inc. is a U.S.-listed technology company organized around cloud-based software, AI-enabled platform services, and IoT-driven digital infrastructure solutions. Its business centers on smart city applications, digital media, and related platform services delivered through a combination of software, data, and connected-device offerings.

Kysy yhtiöstä
Liikevaihto30,8milj. USD
−16,0 %v/v
Liikevoitto (EBIT)−9,2milj. USD
−474,0 %v/v
EBIT-marginaali−30,0%
−25,6 %-yks.v/v
Nettotulos−10,1milj. USD
−453,0 %v/v
Vapaa kassavirta−3,9milj. USD
−13,4 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

−2002040milj. USD2020: 11 milj. USD2020: EBIT −17 milj. USD20202021: 25 milj. USD2021: EBIT −8,7 milj. USD20212022: 24 milj. USD2022: EBIT −3,2 milj. USD20222023: 39 milj. USD2023: EBIT −0,20 milj. USD20232024: 37 milj. USD2024: EBIT −1,6 milj. USD20242025: 31 milj. USD2025: EBIT −9,2 milj. USD202531−9,2
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Smart city IoT platforms30 %

Cloud and IoT solutions for connected infrastructure and city applications.

AI-enabled platform services25 %

Predictive analytics, automation, and data-driven digital services.

Digital media services20 %

Media and content-related technology services delivered through platform channels.

Legacy software and transactional services15 %

Older software and transaction-based offerings that remain part of the business mix.

Smart infrastructure services10 %

Technology services tied to infrastructure operations, including elevator lifecycle services.

Tuotteet

Raportoitu · osuus liikevaihdosta
74,8%13,6%FY2025100 %
  • Products74,8 %
  • Advertising13,6 %
  • Revenue Project5,8 %
  • Software4,6 %
  • Other0,8 %
  • Muut0,4 %

Lähde: 20-F FY2025, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

Taoping sells to customers that need digital infrastructure, connected-city applications, and data-enabled service platforms. Its end markets appear to include public-sector and municipal-style smart city use cases, infrastructure operators, and commercial customers seeking recurring software and service relationships.

Smart city and public infrastructure customers

Buy cloud and IoT platform solutions for urban infrastructure and city applications.

Commercial platform services customers

Use AI-enabled analytics, automation, and cloud services for operational efficiency.

Digital media customers

Buy media-related technology services and platform access for distribution and engagement.

Infrastructure lifecycle customers

Purchase elevator servicing and related lifecycle solutions for recurring maintenance needs.

Legacy transactional software customers

Remain on older software and transaction-based offerings during the transition to platform services.

Strategia

Taoping is focusing on shifting its mix toward AI-enabled, platform-based, and recurring revenue services rather than older transactional software activity. It is also broadening into smart infrastructure and elevator lifecycle services, using collaborations, acquisitions, and proprietary data capabilities to build a larger ecosystem around its platform.

Shift toward recurring platform revenueLyhyt aikaväli

Recurring contracts can improve visibility and reduce dependence on transactional sales.

Expand smart infrastructure offeringsKeskipitkä aikaväli

Broadening into infrastructure-related services increases addressable market and use-case depth.

Monetize data and AI capabilitiesKeskipitkä aikaväli

Data-driven services can support differentiation and higher-value customer relationships.

Pursue ecosystem expansionKeskipitkä aikaväli

Partnerships and acquisitions can accelerate scale and add complementary capabilities.

Maantiede

Taoping is a U.S.-listed company whose operating footprint and revenue base are tied to China through RMB-functional reporting and a Chinese operating subsidiary. The business appears to serve domestic Chinese smart city and infrastructure markets while also maintaining a U.S. listing and investor relations presence. Geography matters because the company’s service model depends on local ecosystem relationships, policy support for infrastructure services, and currency translation into U.S. reporting.

Riskit

Taoping faces execution risk as it transitions from legacy software and transactional activity toward newer platform and AI-led services. Its business also depends on customer adoption, integration of acquisitions, and continued support from local infrastructure-related policy and market conditions. As a China-linked operating business with a U.S. listing and RMB functional currency, it also carries currency, governance, and regulatory exposure.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Business model transition risk1Customer concentration and retention risk2China regulatory and policy risk3Foreign exchange risk4Acquisition integration risk5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Business model transition riskVaikutus: KorkeaTodennäköisyys: Korkea

    The company is moving from legacy software and transactional revenue toward platform services, which can create execution uncertainty.

    Kohdistuu: Revenue mix and customer adoption

  2. Customer concentration and retention riskVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Recurring revenue depends on retaining customers and proving the value of AI-enabled services.

    Kohdistuu: Platform services and recurring contracts

  3. China regulatory and policy riskVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Infrastructure-related services can be affected by local policy support, permits, and industry regulation.

    Kohdistuu: Smart city and elevator services

  4. Foreign exchange riskVaikutus: KeskitasoTodennäköisyys: Korkea

    The functional currency is RMB, while financial reporting and investor exposure are in U.S. dollars.

    Kohdistuu: Translation and transaction effects

  5. Acquisition integration riskVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    The strategy references acquisitions, which can add complexity, goodwill, and integration challenges.

    Kohdistuu: M&A execution

Kirjanpito

Harkinnanvaraiset erät
Revenue recognition

Platform services, software, and transactional offerings may have different timing and performance obligation patterns.

Vaikutus: Affects revenue timing and quarterly comparability

Credit loss estimates

The company explicitly cites credit loss estimation as a significant judgment.

Vaikutus: Can change receivables and net income

Going concern assessment

Management discloses going-concern considerations in the financial statements.

Vaikutus: Signals balance-sheet and liquidity sensitivity

Acquisition accounting

Pro forma acquisition disclosures indicate ASC 805 fair value allocation and potential goodwill recognition.

Vaikutus: Can materially affect assets, goodwill, and future impairment risk

Foreign currency translation

The functional currency is RMB, creating translation effects in U.S.-dollar reporting.

Vaikutus: Affects reported revenue, expenses, and equity

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Päivitetty: 28.9.2026