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Taoping Inc. Reports Fiscal Year 2025 Results

Taoping Inc. (Nasdaq: TAOP), a leading provider of innovative cloud-based technology solutions on the Smart City IoT platform, recently announced its financial results for the fiscal year ending December 31, 2025. The Company's performance, characterized by strategic transformation and investment in growth areas, reflects its ongoing commitment to adapting to the fast-changing technology landscape.

Financial Overview

For the year 2025, Taoping recorded a total revenue of $30.8 million, representing a decrease of approximately 16.0% from the previous year’s $36.7 million. This revenue drop is attributed to a strategic shift from lower-margin legacy software and transactional services towards more valuable platform-based and AI-enabled solutions. Currently, the Company aims to enhance its revenue streams while ensuring stronger financial health.

Gross profit for Taoping was reported at $3.37 million, down from $7.77 million in 2024. This change reflects the continued investments in new business initiatives as well as the transitional mix of revenues. The operating loss for the year was reported at $9.23 million, compared to a loss of $1.61 million in 2024, impacted mainly by increased administrative costs and the scaling of new platform infrastructures. The net loss attributable to the Company reached $10.06 million, escalating from $1.82 million in the previous year.

Strategic and Operational Developments

In 2025, Taoping accelerated its transformation into a technology-centric platform, prioritizing the expansion of its AI, IoT, and data-enabled service offerings. The management underscored the importance of building intelligent infrastructure platforms, which include smart city solutions and digital media initiatives, while simultaneously enhancing its AI-driven predictive systems.

A highlight of the year includes the Company’s expansion into smart elevators, with over $3 million in new orders announced to date. This strategic initiative is set to leverage growing demand for intelligent, data-driven infrastructure, thus positioning Taoping favorably in the market.

The integration of proprietary AI technologies combined with real-world operational data is crucial for improving efficiency and safety outcomes for clients. Taoping expects to develop a scalable platform that leads the charge in smart infrastructure transformation, potentially unlocking significant operating leverage and expanding profit margins over time.

Future Outlook

Looking forward, Taoping has outlined several key initiatives aimed at sustaining growth:

• - Continued Growth in AI Services: An emphasis on growing AI-enabled platform services is anticipated, as the Company recognizes the need for innovative solutions.
• - Recurring Revenue Streams: Expansion of these streams will foster customer retention, aiming for stability in revenue generation.
• - Gross Margin Improvement: Gradual enhancements to gross margins are expected as operational efficiency increases.
• - Multi-year Growth Strategy: The focus will be on establishing technology leadership and ecosystem expansion.
• - Strategic Collaborations: Future growth is expected through partnerships and potential acquisitions.

These initiatives are vital as Taoping seeks to strengthen its position in the intelligent digital infrastructure sector.

About Taoping Inc.

Taoping Inc. has a reputable history of fostering technological advancements through its cloud-based solutions on the Smart City IoT platform. The Company has built a significant city partner ecosystem, providing a comprehensive suite of products designed to enhance connectivity and efficiency across urban environments. For further details on Taoping, visit taop.com.

Safe Harbor Statement

This press release contains forward-looking statements reflecting the Company’s management expectations. Actual results may differ significantly due to various factors, including the ability to sustain profitability and execute the growth strategy effectively. Investors are urged to review these risks thoroughly, including those referenced in the Company’s SEC filings available at sec.gov.