Taoping Inc. Reports 2024 Financial Results Amid Strategic Shift to AI

The latest update is out from Taoping ( (TAOP) ).

On April 29, 2025, Taoping Inc. reported its financial results for the year ended December 31, 2024, showing a slight revenue decrease to $36.7 million from $38.6 million in 2023. Despite the decline, the company emphasized its strategic shift towards AI-driven products and solutions, which it believes will drive future growth. The company experienced increased demand for cloud-based technologies for Smart City IoT platforms, driven by China’s urbanization, and aims to improve its gross margin by focusing on higher-margin AI-related products. The net loss for 2024 was $1.8 million, compared to a $0.7 million loss in 2023.

Spark’s Take on TAOP Stock

According to Spark, TipRanks’ AI Analyst, TAOP is a Neutral.

Taoping’s overall stock score reflects strong revenue growth but significant challenges in profitability and cash flow management. While technical indicators suggest short-term momentum, the lack of earnings call guidance and undervaluation with a very low P/E ratio indicates investor caution regarding future prospects. Improvements in cash flow and profitability are crucial for enhancing the stock’s attractiveness.

To see Spark’s full report on TAOP stock, click here.

More about Taoping

Taoping Inc. is a provider of innovative smart cloud platform services and solutions, focusing on leveraging technology to aid communication and marketing in both private and public sectors. The company has developed a comprehensive portfolio of high-value products aligned with its smart cloud platform, cloud services, new media, and artificial intelligence.

YTD Price Performance: -44.63%

Average Trading Volume: 516,838

Technical Sentiment Signal: Strong Buy

Current Market Cap: $3.05M

Find detailed analytics on TAOP stock on TipRanks’ Stock Analysis page.