Taoping (TAOP) Income Statement: Revenue & Earnings

Taoping Income Statement Analysis

Revenue, earnings, and profit margins in millions USD

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Taoping Inc. income statement - Annual data in millions USD
Breakdown	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Revenue & Gross Profit
Revenue	36.67	38.64	24.23	24.85	11.06
Cost of Revenue	28.90	29.78	17.00	-15.50	7.12
Gross Profit	7.77	8.85	7.23	9.34	3.94
Operating Expenses
Research & Development	2.42	2.97	3.61	4.48	3.89
Selling, General & Administrative	6.95	6.08	6.79	13.58	17.42
Operating Expenses	9.38	8.76	10.25	18.06	21.31
Operating Income	-1.61	0.10	-3.02	-8.71	-17.37
Other Income/Expense
Interest Income	0.00	0.00	0.01	0.00	0.00
Interest Expense	0.46	0.58	0.56	-0.93	-1.02
Other Income/Expense	-0.20	0.26	3.05	0.46	-0.02
Income
Income Before Tax	-1.81	-0.22	-0.51	-9.92	-18.40
Income Tax Expense	0.01	0.01	0.07	0.01	-0.07
Net Income	-1.82	-0.70	-7.08	-10.11	-17.69
Net Income - Continuous Operations	-1.82	-0.23	-0.58	-11.76	0.00
Net Income - Discontinued Operations	0.00	-0.47	-6.50	1.84	0.00
EBITDA	0.77	3.35	7.28	-5.29	-13.89
EBIT	-1.61	0.36	0.04	-8.99	-17.37
Depreciation & Amortization	2.12	2.99	7.24	-3.70	3.48
Earnings Per Share
Basic EPS	-	-11.00	-134.00	-1.00	-720.00
Diluted EPS	-	-11.00	-134.00	-1.00	-720.00
Basic Shares Outstanding	4.53	0.06	0.05	12.96	0.02
Diluted Shares Outstanding	4.56	0.06	0.05	12.96	0.02