Taoping (TAOP) Stock News

Taoping (Nasdaq: TAOP) announced new smart elevator orders exceeding US$3 million through its subsidiary Skyladder Technology on April 8, 2026, marking a demand rebound and strengthening its Tianjin market position.

The company highlights its proprietary, patent-protected AI platform for predictive diagnostics, reduced downtime, and recurring maintenance demand; it also terminated the October 17, 2025 non-binding LOI to acquire Alphalion, prioritizing core, higher-return opportunities.

Taoping (Nasdaq: TAOP) announced two strategic milestones: a new corporate headquarters in Tiankai Higher Education Park, Tianjin, and the award of US$2 million smart elevator renewal contracts to its newly acquired subsidiary Skyladder (Tianjin) Technology Development Co., Ltd.

The company expects to complete the project and recognize full contract revenue in Q1 2026. Taoping cites a large addressable market—about 12 million elevators in China with nearly 10% older than 15 years—and references state policies from July 2024 and January 2025 supporting large-scale equipment renewal. The move aims to strengthen operations, access innovation resources, and support growth in smart elevator modernization.

Taoping (NASDAQ: TAOP) entered a non-binding Letter of Intent to acquire 100% of Alphalion Holding, subject to due diligence, negotiation of a definitive agreement, and customary closing conditions. The LOI leaves purchase price and payment method to be determined and will automatically terminate if the transaction is not completed by October 31, 2026. Alphalion Holding holds over 60 core patents and operates across three domains: embodied robotics, AI servers, and composite new materials, including an approximately 80.5% stake in Dongguan Yuanchuan Composite Materials. Taoping said the deal aims to broaden hardware capabilities and accelerate AI-robotics integration into industrial applications.

Taoping Inc. (Nasdaq: TAOP) has signed a share purchase agreement to acquire Skyladder Group Limited in an all-stock transaction valued at RMB 152 million (US$21.36 million). The acquisition includes performance-based targets for Skyladder Group, with projected revenue growth from RMB 74.14 million in 2026 to RMB 180.66 million in 2029.

Skyladder Group is a leader in smart elevator services, specializing in AI-powered supervision and providing comprehensive services throughout the elevator lifecycle. The strategic acquisition aims to expand Taoping's presence in the smart elevator sector by integrating its resources with Skyladder's technological capabilities and channel advantages.

Taoping Inc. (NASDAQ: TAOP) announced ambitious sales targets for its smart agriculture business, aiming to achieve RMB 200 million (US$27 million) in annual sales by 2026. The company plans to expand its cooperation with Mengla County Agricultural Reclamation Group, increasing the planting area to 500 acres from the current 75 acres.

The expansion builds on a previously announced February 2025 initiative targeting 3,500 acres by 2027, with projected annual output of RMB 600 million (US$82.5 million). The company is implementing advanced technologies including drones, AI, big data, and IoT to enhance operational efficiency. Early 2025 trial vegetable crops have already shown promising results, leading to three additional land lease agreements.

Taoping Inc. (TAOP), a smart cloud platform services provider, has successfully regained compliance with Nasdaq's minimum bid price requirement. The company received official notification from Nasdaq on June 13, 2025, confirming that it has resolved its bid price deficiency and met the requirements of Nasdaq Listing Rule 5550(a)(2). As a result, Taoping's ordinary shares will continue to trade on the Nasdaq exchange under the ticker symbol 'TAOP' without interruption. This development ensures the company maintains its listing status on the major exchange.

Taoping has secured a new US$2.8 million (RMB 20 million) agricultural product supply contract with Hunan Xiuxiang Agricultural Technology. The two-year agreement involves Taoping supplying designated agricultural products from its Mengla County base in Yunnan Province. This follows an earlier major project announced this year, expected to generate US$83.3 million annual output value by 2027. The company's agricultural initiatives include advanced planting, technology application, high-tech enterprise incubation, and agricultural tourism. Taoping reports successful trials at their Mengla County base with improvements in yield and product quality. The company plans to expand planting areas, develop order-based agriculture, increase production capacity, and focus on market expansion to capitalize on China's high demand for agricultural products.

Taoping (NASDAQ: TAOP) has announced a 1-for-30 reverse stock split effective May 29, 2025. The company's shares will continue trading under the symbol "TAOP" but with a new CUSIP number G8675V135. Each thirty existing ordinary shares will automatically combine into one share, with fractional shares rounded up. The reverse split aims to meet Nasdaq's $1.00 minimum bid price requirement for continued listing. Post-split, Taoping will have approximately 0.89 million ordinary shares outstanding, excluding shares from options and convertible notes. The split will not affect the total authorized shares and will proportionally adjust all outstanding options, warrants, and other rights.

Taoping (Nasdaq: TAOP) reported its full-year 2024 financial results, showing total revenue of $36.7 million, down from $38.6 million in 2023. The company, focused on smart cloud platform services, experienced a transitional year marked by investments in AI-driven products and enhanced solutions.

Key financial highlights:

• Cost of revenue: $28.9 million (78.8% of revenue)
• Gross profit margin: 21.2% (down from 22.9% in 2023)
• Net loss: $1.8 million (increased from $0.7 million in 2023)

CEO Jianghuai Lin emphasized the company's strategic focus on developing cloud-based technologies for Smart City IoT platforms. Despite the slight revenue decline, Taoping remains optimistic about future growth, citing China's accelerating urbanization as a key driver. The company expects improved performance in 2025, particularly from its AI-related products and cloud-based intelligent solutions.