Exhibit 99.1
Taoping
Reports Fiscal Year 2025 Results
Strategic
Transformation Drives Platform Expansion, Positions Company for Accelerated Growth
TIANJIN,
China, April 30, 2026 – Taoping Inc. (Nasdaq: TAOP, the “Company”), a provider of innovative Cloud-based technologies
on the Smart City IoT platform, and related products and services, today reported financial results for the year ended December 31, 2025.
The Company expects to file its annual report on Form 20-F for the year ended on December 31, 2025 with the U.S. Securities and Exchange
Commission (“SEC”) on or about April 30, 2026.
Mr.
Bin Ma, Co-CEO of Taoping, said, “Our 2025 financial performance reflects both deliberate strategic realignment and disciplined
investment in future growth drivers. While revenue declined year-over-year, we diversified revenue streams and strengthened our balance
sheet, positioning the Company to execute on its next phase of growth. We remain focused on improving gross margin through higher-value
service offerings and expect operating efficiency to improve as platform revenues scale and recurring income becomes a larger component
of our business mix.”
“We
are encouraged by the early validation of this strategy. As highlighted by our recent smart elevator expansion, including over $3 million
in new orders announced to date, we believe we are well positioned to capitalize on growing demand for intelligent, data-driven infrastructure
solutions. While we cannot guarantee future results, we are optimistic about the long-term growth potential of this segment.”
“By
integrating proprietary, AI-enabled technologies with real-world operational data, we believe we are not only improving efficiency and
safety outcomes for our customers, but also building a scalable platform that positions Taoping at the forefront of intelligent infrastructure
transformation. We expect that this approach will unlock meaningful operating leverage, expand margins over time, and create sustainable
long-term value for our shareholders.”
Select
Fiscal Year 2025 Financial Results
For
the fiscal year ended December 31, 2025, Taoping Inc. reported total revenue of $30.8 million, a decrease of approximately 16.0% year-over-year
compared to $36.7 million in 2024. The decline primarily reflects the Company’s continued strategic shift away from lower-margin
legacy software and transactional businesses toward higher-value platform-based and AI-enabled services.
Gross
profit was $3.37 million, compared to $7.77 million in the prior year, reflecting ongoing investments in new business initiatives and
a transitional revenue mix.
Operating
loss was $9.23 million, compared to $1.61 million in 2024, driven primarily by increased administrative cost and continued scaling of
next-generation platform infrastructure. Net loss attributable to the Company was $10.06 million, compared to $1.82 million in the prior
year.
Strategic
and Operational Update
During
2025, Taoping accelerated its transformation into a technology-driven platform company, focusing on AI, IoT, and data-enabled services.
Management
emphasized the Company’s continued strategy to build out its intelligent infrastructure platforms, including smart city, digital
media, and IoT-based solutions, while advancing its AI-powered predictive systems and data monetization capabilities.
Additionally,
the Company is leveraging advanced technologies, including predictive analytics and intelligent automation, to expand into verticals
such as smart infrastructure and elevator lifecycle services, which are expected to generate stable, high-margin recurring revenues over
time.
Outlook
Looking
ahead, Taoping expects:
| ● | Continued
growth in AI-enabled platform services |
| | | |
| ● | Expansion
of recurring revenue streams and customer retention |
| | | |
| ● | Gradual
improvement in gross margins and operating leverage |
| | | |
| ● | Execution
of a multi-year growth strategy focused on technology leadership and ecosystem expansion |
| | | |
| ● | Accelerated
growth through strategic collaborations and acquisitions |
Management
believes these initiatives, if successfully executed, will support revenue growth and improved profitability over time as the Company
seeks to expand its position in intelligent digital infrastructure and platform services.
About
Taoping Inc.
Taoping
Inc. (Nasdaq: TAOP) has a long history of successfully leveraging technology in the development of innovative Cloud-based technologies
on the Smart City IoT platform, and related products and services. The Company has built a far-reaching city partner ecosystem and comprehensive
portfolio of high-value, high-traffic areas for its products, which are aligned together with Taoping’s smart cloud platform, cloud
services and solutions, new media and artificial intelligence. For more information about Taoping, please visit http://en.taop.com.
Safe
Harbor Statement
This
press release contains “forward-looking statements” that involve substantial risks and uncertainties. All statements other
than statements of historical facts contained in this press release, such as statements regarding our estimated future results of operations
and financial position, our strategy and plans, and our objectives or goals, are forward-looking statements within the meaning of Section
27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. We have attempted to
identify forward-looking statements by terminology including “anticipates,” “believes,” “can,” “continue,”
“could,” “estimates,” “expects,” “intends,” “may,” “plans,” “potential,”
“predicts,” “should,” or “will” or the negative of these terms or other comparable terminology. Our
actual results may differ materially or perhaps significantly from those discussed herein, or implied by these forward-looking statements.
There are a significant number of factors that could cause actual results to differ materially from statements made in this press release,
including: our potential inability to achieve or sustain profitability or reasonably predict our future results; risks related to our
strategic transformation, including our ability to successfully transition from legacy businesses to platform-based services; risks related
to executing our growth strategy in the smart elevator and intelligent infrastructure markets; our ability to obtain additional financing
on acceptable terms if needed; intense competition in the AI, IoT, and smart city technology markets; changes in domestic and foreign
laws, regulations and taxes; uncertainties related to China’s legal system and economic, political and social events in China;
the volatility of the securities markets; and other risks including, but not limited to, those that we discussed or referred to in the
Company’s disclosure documents filed with the U.S. Securities and Exchange Commission (the “SEC”) available on the
SEC’s website at www.sec.gov, including the Company’s most recent Annual Report on Form 20-F as well as in our other
reports filed or furnished from time to time with the SEC. The forward-looking statements included in this press release are made as
of the date of this press release and the Company undertakes no obligation to publicly update or revise any forward-looking statements,
other than as required by applicable law.
For
further information, please contact:
| Taoping Inc. |
|
Global IR Partners |
| |
|
David
Pasquale |
| IR@taop.com |
|
TAOP@globalirpartners.com |
| www.taop.com |
|
New
York Office: +1-914-337-8801 |
