Taoping Reports Record 1Q 2024 Contract Revenue with 53% Increase Compared to 1Q 2023

April 9, 2024

https://www.prnewswire.com/news-releases/taoping-reports-record-1q-2024-contract-revenue-with-53-increase-compared-to-1q-2023-302111602.html

SHENZHEN, China, April 9, 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 60.1 million (approximately USD $8.3 million) for the first quarter of 2024, representing an increase of 53% compared to the first quarter of 2023. The record growth continues to be driven by customer demand for the Company’s cutting-edge Smart City solutions, AI-related products and innovative off-grid wastewater treatment solutions.

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