Luokung Technology Corp.
luokung.comNo Longer Reporting
The company has not filed an annual or quarterly report since its FY2023 20-F, filed Oct 22, 2024. Its latest SEC filing is a 25-NSE from Jul 21, 2025.
20-F for FY2023, filed Oct 22, 2024
The sections below describe the company as of the FY2023 annual report.
What Did They Do?
Provides smart transportation data services, including high-definition maps and vehicle-road coordination tools, to automakers, autonomous-driving companies and highway operators.
20-F for FY2023, filed Oct 22, 2024We are a spatial-temporal intelligent big data services company, as well as a provider of interactive location-based services (“LBS”) and…View ↗
For vehicles, we are supporting eMapgo’s position as an HD Map provider with continued investment in its technical R&D in the fields of…View ↗
For roads, we are actively promoting smart road services based on its spatial-temporal digital base, including but not limited to HD…View ↗
HD Map. HD Map is a core infrastructural component in smart transportation, autonomous driving and smart cities. Our professional map…View ↗
Autonomous driving enabling services. Our services cover a wide spectrum of functionalities, including vehicle side, road side and…View ↗
How Did They Make Money?
Advertisers pay based on app installs, cost-per-mile measures or clicks, while the advertising service is delivered over the contract period; this activity generated no revenue in 2023.
20-F for FY2023, filed Oct 22, 2024Zhong Chuan Rui You and Beijing Wave Function Culture Development Co., Ltd (“Wave Function”) derive revenue from the provision of user…View ↗
$10.2M
-
20-F for FY2023, filed Oct 22, 2024
$10.2M ↗
| Segment | Share | Revenue |
|---|---|---|
|
Smart transportation
|
98% |
Smart transportation, FY2023
$10.1M Sources
|
|
Others
|
1.6% |
Others, FY2023
$161K Sources
|
Who Were Their Customers?
Serves automakers and autonomous-driving companies with vehicle-side map and data services, and highway operators with road monitoring and management tools. Its spatial data services also address industries and public-sector users.
20-F for FY2023, filed Oct 22, 2024For vehicles, we are supporting eMapgo’s position as an HD Map provider with continued investment in its technical R&D in the fields of…View ↗
For roads, we are actively promoting smart road services based on its spatial-temporal digital base, including but not limited to HD…View ↗
Although Luokung’s AI spatial-temporal big data services do not directly solve the issue of carbon emissions, we believe that our data…View ↗
20-F for FY2023, filed Oct 22, 2024
Financial instruments that potentially expose the Company to concentrations of credit risk consist primarily of cash, accounts receivable…View ↗
Did Revenues Turn Into Profits?
No. It lost $181.3M in FY2023.
How Were They Changing?
Shrank. Revenue fell 45% in 4 years, from $18.8M in FY2019 to $10.2M in FY2023, about 14% a year.
From rail travel to broader data services
The older report centers on a consumer mobile and location-based service for long-distance rail travelers, with train Wi-Fi as the user entry point. The latest report describes spatial-temporal data services across smart transportation, autonomous driving, highway operations and natural-resource management.
20-F for FY2020, filed May 14, 2021 20-F for FY2023, filed Oct 22, 2024We are a spatial-temporal intelligent big data services company, as well as a provider of interactive location-based services (“LBS”) and…View ↗
For vehicles, we are supporting eMapgo’s position as an HD Map provider with continued investment in its technical R&D in the fields of…View ↗
For roads, we are actively promoting smart road services based on its spatial-temporal digital base, including but not limited to HD…View ↗
Although Luokung’s AI spatial-temporal big data services do not directly solve the issue of carbon emissions, we believe that our data…View ↗
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