Taoping Inc. - Understand $taop stock

$TAOP Market Cap: $1.553 Million

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$70.41M

TTM

Gross Margin

24.12%

TTM

Net Earnings

-$5.190M

TTM

Current Assets

$27.45M

Q2 2024

Current Liabilities

$18.24M

Q2 2024

Current Ratio

150.48%

Q2 2024

Total Assets

$34.08M

Q2 2024

Total Liabilities

$18.24M

Q2 2024

Book Value

$15.84M

Q2 2024

Cash

$480.3K

Q2 2024

P/E

-0.2992

Nov 29, 2024 EST

Free Cash Flow

-$10.44M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Revenue	$38.64M	$24.23M	$24.85M	$11.10M	$13.80M	$20.60M	$18.20M	$10.20M	$10.30M	$38.60M	$55.40M	$86.40M	$114.5M	$163.8M	$101.0M	$85.30M	$30.30M	$11.80M	$5.000M	$0.00
YoY Change	59.43%	-2.47%	123.84%	-19.57%	-33.01%	13.19%	78.43%	-0.97%	-73.32%	-30.32%	-35.88%	-24.54%	-30.1%	62.18%	18.41%	181.52%	156.78%	136.0%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Revenue	$38.64M	$24.23M	$24.85M	$11.10M	$13.80M	$20.60M	$18.20M	$10.20M	$10.30M	$38.60M	$55.40M	$86.40M	$114.5M	$163.8M	$101.0M	$85.30M	$30.30M	$11.80M	$5.000M	$0.00
Cost Of Revenue	$29.78M	$17.00M	$15.50M	$7.100M	$7.200M	$10.90M	$9.900M	$7.600M	$6.400M	$28.10M	$45.90M	$65.90M	$70.20M	$93.30M	$50.30M	$46.20M	$12.40M	$3.800M	$2.300M	$0.00
Gross Profit	$8.852M	$7.230M	$9.343M	$3.900M	$6.600M	$9.700M	$8.300M	$2.600M	$3.900M	$10.50M	$9.600M	$20.50M	$44.30M	$70.60M	$50.70M	$39.10M	$18.00M	$8.000M	$2.700M	$0.00
Gross Profit Margin	22.91%	29.83%	37.6%	35.14%	47.83%	47.09%	45.6%	25.49%	37.86%	27.2%	17.33%	23.73%	38.69%	43.1%	50.2%	45.84%	59.41%	67.8%	54.0%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Selling, General & Admin	$6.083M	$6.789M	$13.58M	$17.40M	$7.200M	$4.700M	$4.700M	$9.700M	$13.90M	$25.10M	$93.60M	$14.70M	$30.30M	$25.00M	$15.80M	$12.60M	$3.900M	$1.300M	$700.0K	$0.00
YoY Change	-10.4%	-50.0%	-21.97%	141.67%	53.19%	0.0%	-51.55%	-30.22%	-44.62%	-73.18%	536.73%	-51.49%	21.2%	58.23%	25.4%	223.08%	200.0%	85.71%
% of Gross Profit	68.72%	93.9%	145.33%	446.15%	109.09%	48.45%	56.63%	373.08%	356.41%	239.05%	975.0%	71.71%	68.4%	35.41%	31.16%	32.23%	21.67%	16.25%	25.93%
Research & Development	$2.967M	$3.607M	$4.479M	$3.900M	$3.600M	$4.800M	$4.000M	$3.000M	$3.400M	$1.500M	$2.200M	$52.80M	$4.500M	$3.000M	$2.700M	$2.600M	$800.0K	$0.00
YoY Change	-17.73%	-19.48%	14.85%	8.33%	-25.0%	20.0%	33.33%	-11.76%	126.67%	-31.82%	-95.83%	1073.33%	50.0%	11.11%	3.85%	225.0%
% of Gross Profit	33.52%	49.88%	47.94%	100.0%	54.55%	49.48%	48.19%	115.38%	87.18%	14.29%	22.92%	257.56%	10.16%	4.25%	5.33%	6.65%	4.44%	0.0%
Depreciation & Amortization	$2.517M	$7.236M	$3.705M	$3.480M	$2.900M	$3.670M	$2.860M	$2.590M	$2.550M	$3.060M	$9.070M	$13.82M	$12.61M	$9.510M	$5.860M	$4.340M	$1.440M	$530.0K	$420.0K	$10.00K
YoY Change	-65.22%	95.31%	6.46%	20.0%	-20.98%	28.32%	10.42%	1.57%	-16.67%	-66.26%	-34.37%	9.6%	32.6%	62.29%	35.02%	201.39%	171.7%	26.19%	4100.0%
% of Gross Profit	28.43%	100.08%	39.66%	89.23%	43.94%	37.84%	34.46%	99.62%	65.38%	29.14%	94.48%	67.41%	28.47%	13.47%	11.56%	11.1%	8.0%	6.63%	15.56%
Operating Expenses	$9.050M	$10.40M	$18.06M	$21.30M	$10.80M	$9.500M	$8.700M	$12.70M	$17.30M	$26.60M	$95.70M	$67.50M	$34.80M	$28.00M	$18.50M	$15.20M	$4.600M	$1.300M	$700.0K	$0.00
YoY Change	-12.94%	-42.43%	-15.23%	97.22%	13.68%	9.2%	-31.5%	-26.59%	-34.96%	-72.2%	41.78%	93.97%	24.29%	51.35%	21.71%	230.43%	253.85%	85.71%
Operating Profit	-$197.7K	-$3.166M	-$8.714M	-$17.40M	-$4.200M	$200.0K	-$400.0K	-$10.10M	-$13.40M	-$16.10M	-$86.10M	-$47.00M	$9.500M	$42.60M	$32.20M	$23.90M	$13.40M	$6.700M	$2.000M	$0.00
YoY Change	-93.75%	-63.67%	-49.92%	314.29%	-2200.0%	-150.0%	-96.04%	-24.63%	-16.77%	-81.3%	83.19%	-594.74%	-77.7%	32.3%	34.73%	78.36%	100.0%	235.0%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Interest Expense	$580.6K	$556.4K	-$1.738M	-$1.000M	-$400.0K	-$400.0K	-$400.0K	-$400.0K	-$8.700M	-$5.500M	-$4.500M	-$4.300M	-$2.600M	-$1.400M	-$100.0K	$0.00	$100.0K	$0.00		$0.00
YoY Change	4.35%	-132.01%	73.82%	150.0%	0.0%	0.0%	0.0%	-95.4%	58.18%	22.22%	4.65%	65.38%	85.71%	1300.0%		-100.0%
% of Operating Profit						-200.0%							-27.37%	-3.29%	-0.31%	0.0%	0.75%	0.0%
Other Income/Expense, Net	$552.1K	$3.202M	$532.5K	$0.00	$700.0K	$1.000M	$800.0K	-$100.0K	$1.300M	$300.0K	$2.700M	$200.0K	$2.500M	$2.200M	$2.000M	$900.0K	$100.0K	$0.00	$100.0K
YoY Change	-82.76%	501.29%		-100.0%	-30.0%	25.0%	-900.0%	-107.69%	333.33%	-88.89%	1250.0%	-92.0%	13.64%	10.0%	122.22%	800.0%		-100.0%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Pretax Income	-$224.2K	-$512.5K	-$9.920M	-$18.40M	-$3.900M	$700.0K	-$100.0K	-$18.50M	-$4.400M	-$29.10M	-$120.0M	-$89.80M	$9.400M	$43.30M	$34.00M	$24.90M	$13.50M	$6.700M	$2.100M	$0.00
YoY Change	-56.26%	-94.83%	-46.09%	371.79%	-657.14%	-800.0%	-99.46%	320.45%	-84.88%	-75.75%	33.63%	-1055.32%	-78.29%	27.35%	36.55%	84.44%	101.49%	219.05%
Income Tax	$7.980K	$69.87K	$5.320K	-$100.0K	-$300.0K	-$1.200M	-$1.100M	$100.0K	$4.300M	-$4.600M	$1.700M	$800.0K	$800.0K	$7.900M	$3.900M	$1.500M	$100.0K	$1.000M	$300.0K	$0.00
% Of Pretax Income						-171.43%							8.51%	18.24%	11.47%	6.02%	0.74%	14.93%	14.29%
Net Earnings	-$697.9K	-$7.082M	-$9.925M	-$17.70M	-$3.600M	$1.700M	$900.0K	-$18.20M	-$7.500M	-$29.20M	-$119.2M	-$89.60M	$7.900M	$34.40M	$30.10M	$23.80M	$13.30M	$5.700M	$1.800M	$0.00
YoY Change	-90.14%	-28.65%	-43.93%	391.67%	-311.76%	88.89%	-104.95%	142.67%	-74.32%	-75.5%	33.04%	-1234.18%	-77.03%	14.29%	26.47%	78.95%	133.33%	216.67%
Net Earnings / Revenue	-1.81%	-29.22%	-39.95%	-159.46%	-26.09%	8.25%	4.95%	-178.43%	-72.82%	-75.65%	-215.16%	-103.7%	6.9%	21.0%	29.8%	27.9%	43.89%	48.31%	36.0%
Basic Earnings Per Share	-$0.36	-$0.45	-$0.77	-$2.40
Diluted Earnings Per Share	-$0.36	-$0.45	-$765.7K	-$2.392M	-$514.3K	$246.4K	$134.3K	-$2.716M	-$1.316M	-$5.725M	-$25.91M	-$19.91M	$1.756M	$8.000M	$7.341M	$6.103M	$4.030M	$2.591M	$818.2K	$0.00

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Cash & Short-Term Investments	$1.301M	$1.015M	$4.531M	$900.0K	$1.500M	$1.700M	$3.300M	$3.800M	$3.800M	$6.700M	$11.10M	$10.70M	$14.00M	$18.20M	$13.50M	$15.40M	$34.70M	$200.0K	$0.00	$0.00
YoY Change	28.22%	-77.61%	403.47%	-40.0%	-11.76%	-48.48%	-13.16%	0.0%	-43.28%	-39.64%	3.74%	-23.57%	-23.08%	34.81%	-12.34%	-55.62%	17250.0%
Cash & Equivalents	$1.301M	$1.015M	$4.531M	$900.0K	$1.500M	$1.700M	$3.300M	$3.800M	$3.800M	$6.700M	$11.10M	$10.70M	$14.00M	$18.20M	$13.50M	$9.600M	$19.80M	$200.0K	$0.00	$0.00
Short-Term Investments															$0.00	$5.800M	$15.00M	$0.00
Other Short-Term Assets	$1.990M	$2.881M	$2.344M	$400.0K	$2.100M	$6.300M	$5.900M	$7.200M	$22.30M	$65.30M	$21.80M	$12.60M	$15.10M	$9.900M	$7.600M	$0.00
YoY Change	-30.93%	22.91%	485.95%	-80.95%	-66.67%	6.78%	-18.06%	-67.71%	-65.85%	199.54%	73.02%	-16.56%	52.53%	30.26%
Inventory	$1.251M	$356.4K	$542.4K	$300.0K	$300.0K	$700.0K	$600.0K	$1.500M	$2.100M	$4.000M	$15.70M	$16.80M	$22.30M	$19.90M	$10.90M	$7.100M	$4.800M	$200.0K
Prepaid Expenses
Receivables	$8.694M	$9.293M	$7.110M	$7.200M	$13.70M	$17.50M	$10.10M	$3.000M	$3.200M	$6.800M	$22.70M	$86.00M	$31.10M	$31.20M	$24.00M	$17.30M	$11.70M	$0.00
Other Receivables	$12.02M	$5.851M	$6.541M	$3.700M	$1.400M	$2.700M	$1.700M	$300.0K	$2.500M	$1.500M	$10.00M	$17.60M	$87.10M	$79.80M	$70.20M	$44.90M	$2.800M	$1.700M
Total Short-Term Assets	$25.25M	$19.40M	$21.07M	$12.40M	$19.00M	$28.90M	$21.50M	$15.60M	$33.90M	$84.30M	$81.20M	$143.8M	$169.7M	$159.0M	$126.2M	$84.70M	$54.00M	$2.200M	$0.00	$0.00
YoY Change	30.19%	-7.94%	69.91%	-34.74%	-34.26%	34.42%	37.82%	-53.98%	-59.79%	3.82%	-43.53%	-15.26%	6.73%	25.99%	49.0%	56.85%	2354.55%
Property, Plant & Equipment	$6.677M	$7.883M	$22.46M	$10.90M	$11.80M	$11.60M	$11.80M	$8.700M	$8.400M	$8.900M	$31.50M	$66.30M	$91.20M	$79.30M	$53.60M	$23.60M	$13.80M	$0.00	$0.00	$0.00
YoY Change	-15.29%	-64.9%	106.04%	-7.63%	1.72%	-1.69%	35.63%	3.57%	-5.62%	-71.75%	-52.49%	-27.3%	15.01%	47.95%	127.12%	71.01%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$86.89K	$95.97K	$679.8K	$0.00		$0.00	$0.00	$0.00	$0.00		$2.700M	$2.600M	$2.400M	$3.300M	$2.900M	$3.100M	$9.000M	$0.00
YoY Change	-9.46%	-85.88%									3.85%	8.33%	-27.27%	13.79%	-6.45%	-65.56%
Other Assets	$811.0K	$1.776M	$2.949M	$4.300M	$4.300M	$0.00	$3.300M	$8.300M	$16.50M	$70.60M	$18.60M	$19.60M	$28.20M	$30.10M	$2.100M	$0.00			$0.00	$0.00
YoY Change	-54.32%	-39.79%	-31.43%	0.0%		-100.0%	-60.24%	-49.7%	-76.63%	279.57%	-5.1%	-30.5%	-6.31%	1333.33%
Total Long-Term Assets	$7.575M	$9.813M	$26.09M	$18.40M	$21.60M	$12.70M	$16.00M	$18.60M	$32.20M	$95.10M	$108.0M	$143.6M	$192.1M	$180.4M	$124.6M	$63.80M	$34.90M	$0.00	$100.0K	$0.00
YoY Change	-22.8%	-62.38%	41.78%	-14.81%	70.08%	-20.63%	-13.98%	-42.24%	-66.14%	-11.94%	-24.79%	-25.25%	6.49%	44.78%	95.3%	82.81%		-100.0%
Total Assets	$32.83M	$29.21M	$47.16M	$30.80M	$40.60M	$41.60M	$37.50M	$34.20M	$66.10M	$179.4M	$189.2M	$287.4M	$361.8M	$339.4M	$250.8M	$148.5M	$88.90M	$2.200M	$100.0K	$0.00
YoY Change
Accounts Payable	$832.4K	$2.287M	$9.873M	$14.90M	$12.70M	$11.80M	$6.800M	$6.000M	$8.300M	$33.20M	$44.40M	$54.00M	$47.00M	$39.10M	$33.40M	$11.20M	$3.100M	$0.00	$0.00
YoY Change	-63.61%	-76.83%	-33.74%	17.32%	7.63%	73.53%	13.33%	-27.71%	-75.0%	-25.23%	-17.78%	14.89%	20.2%	17.07%	198.21%	261.29%
Accrued Expenses	$5.045M	$4.934M	$689.5K	$600.0K	$200.0K	$200.0K	$300.0K	$300.0K	$400.0K	$900.0K	$2.800M	$2.900M	$3.100M	$4.300M	$3.100M	$1.300M
YoY Change	2.26%	615.63%	14.91%	200.0%	0.0%	-33.33%	0.0%	-25.0%	-55.56%	-67.86%	-3.45%	-6.45%	-27.91%	38.71%	138.46%
Deferred Revenue
YoY Change
Short-Term Debt	$8.997M	$7.204M	$7.792M	$7.400M	$7.500M	$6.100M	$7.800M	$7.800M	$0.00	$0.00	$0.00	$0.00	$41.00M	$35.30M	$15.90M	$6.300M	$0.00	$0.00	$0.00	$0.00
YoY Change	24.89%	-7.55%	5.3%	-1.33%	22.95%	-21.79%	0.0%					-100.0%	16.15%	122.01%	152.38%
Long-Term Debt Due									$15.30M	$51.80M	$58.90M	$50.80M							$0.00	$0.00
YoY Change									-70.46%	-12.05%	15.94%
Total Short-Term Liabilities	$20.06M	$19.57M	$27.34M	$29.80M	$26.00M	$24.00M	$23.00M	$21.40M	$35.50M	$140.3M	$128.0M	$122.1M	$107.8M	$100.2M	$75.80M	$25.50M	$4.800M	$600.0K	$0.00	$0.00
YoY Change	2.51%	-28.42%	-8.24%	14.62%	8.33%	4.35%	7.48%	-39.72%	-74.7%	9.61%	4.83%	13.27%	7.58%	32.19%	197.25%	431.25%	700.0%
Long-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$200.0K	$300.0K	$100.0K	$100.0K	$10.90M	$1.900M	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change									-100.0%	-33.33%	200.0%	0.0%	-99.08%	473.68%
Other Long-Term Liabilities	$0.00	$20.37K	$561.8K							$200.0K			$0.00	$900.0K	$2.600M	$0.00
YoY Change	-100.0%	-96.37%											-100.0%	-65.38%
Total Long-Term Liabilities	$0.00	$20.37K	$561.8K	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$400.0K	$300.0K	$100.0K	$100.0K	$11.80M	$4.500M	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change	-100.0%	-96.37%							-100.0%	33.33%	200.0%	0.0%	-99.15%	162.22%
Total Liabilities	$20.06M	$19.59M	$27.90M	$38.40M	$35.30M	$33.40M	$32.10M	$30.50M	$45.00M	$158.5M	$149.7M	$144.7M	$130.9M	$132.3M	$98.30M	$40.80M	$14.80M	$600.0K	$0.00	$100.0K
YoY Change	2.4%	-29.79%	-27.34%	8.78%	5.69%	4.05%	5.25%	-32.22%	-71.61%	5.88%	3.46%	10.54%	-1.06%	34.59%	140.93%	175.68%	2366.67%		-100.0%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020
Basic Shares Outstanding	1.911M shares	15.58M shares	12.96M shares	7.373M shares
Diluted Shares Outstanding	1.911M shares	15.58M shares	12.96M shares	7.373M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

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Market Cap: $1.5531 Million

About Taoping Inc.

Taoping, Inc. operates as block chain technology and smart cloud services provider. The company is headquartered in Shenzhen, Guangdong and currently employs 56 full-time employees. The company went IPO on 2006-09-08. The firm primarily operates through three segments. The Cloud-based Technology (CBT) segment mainly provides cloud-based products, high-end data storage servers and related services applied in private sectors including new media, healthcare, education and residential community management, and among other industries and applications. The Blockchain Technology (BT) segment is mainly engaged in cryptocurrency mining. The Traditional Information Technology (TIT) segment is mainly engaged in sales of project-based technology products and services and solutions, mainly including Geographic Information Systems (GIS), Digital Public Security Technology (DPST), and Digital Hospital Information Systems (DHIS).

Industry: Services-Prepackaged Software Peers: HiTek Global Inc.