Earnings ·
Taoping reports $11.9M revenue for H1 2026, a 32.5% drop from prior year
TAOPTaoping Inc.
Taoping Inc. reported unaudited financial results for the six months ended June 30, 2026, showing revenue of $11.9 million, a 32.5% decrease from $17.6 million in the prior year period. The company incurred a net loss of $2.5 million, narrowing significantly from a $4.7 million loss in the same period last year. Gross margin expanded to 12.8% from 10.1%, driven by higher-margin elevator project and maintenance, repair, and operations (MRO) revenue totaling $3.7 million following the November 2025 acquisition of Skyladder Group. Administrative expenses declined 41.9% to $2.7 million due to reduced credit loss allowances, while selling expenses fell 58.8% to $0.2 million. The company maintains $1.0 million in cash and has approximately $11.3 million in bank loans. Taoping Inc. operates in the smart city IoT and intelligent infrastructure industry, providing cloud-based technologies, elevator products, and digital advertising solutions.