Financial Statements — TAOP
Balance Sheet
(in millions USD)| Metric | Q2
2025 | Q2
2024 | Q2
2023 | Q2
2022 | Q2
2021 |
|---|
| Cash & Equivalents | 2.17 | 0.48 | 0.46 | 0.75 | 0.85 |
| Accounts Receivable | -- | -- | -- | 7.89 | 2.71 |
| Inventory | 2.31 | 3.22 | 5.78 | 1.75 | 1.37 |
| Total Current Assets | 24.05 | 27.45 | 20.22 | 16.84 | 28.74 |
| Property, Plant & Equipment | 6.22 | 6.13 | 6.76 | 18.49 | 18.60 |
| Goodwill | -- | -- | 0.06 | 0.18 | -- |
| Total Non-current Assets* | 6.27 | 6.63 | 8.16 | 22.65 | 24.13 |
| Total Assets | 30.32 | 34.08 | 28.38 | 39.49 | 52.87 |
| Accounts Payable | 3.91 | 4.23 | -- | 4.79 | 14.99 |
| Short-term Debt | 2.13 | 7.95 | 6.77 | -- | 5.95 |
| Total Current Liabilities | 10.09 | 18.24 | 18.91 | 22.13 | 31.39 |
| Long-term Debt | 5.75 | -- | -- | -- | -- |
| Total Non-current Liabilities* | 5.75 | 0.00 | 0.00 | 0.44 | 0.58 |
| Total Liabilities | 15.84 | 18.24 | 18.91 | 22.57 | 31.97 |
| Retained Earnings | (215.25) | (208.16) | (209.86) | (204.14) | (206.31) |
| Total Stockholder Equity | 14.48 | 15.84 | 9.46 | 16.92 | 12.64 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q2
2025 | Q2
2024 | Q2
2023 | Q2
2022 | Q2
2021 |
|---|
| Total Revenue | 17.60 | 18.08 | 14.08 | 10.54 | 6.43 |
| Cost of Revenue | 15.83 | 13.94 | 10.20 | 6.84 | 4.29 |
| Gross Profit | 1.77 | 4.14 | 3.87 | 3.70 | 2.14 |
| Research & Development | 0.80 | 1.22 | 1.59 | 2.05 | 2.26 |
| Selling, General & Admin | 4.70 | 2.78 | 3.75 | 4.84 | 13.61 |
| Total Operating Expenses | 5.96 | 4.27 | 5.55 | 7.23 | 16.06 |
| Operating Income | (4.18) | (0.12) | (1.68) | (3.53) | (13.92) |
| Interest Expense | 0.47 | 0.35 | 0.26 | 0.29 | 0.48 |
| Pretax Income | (4.66) | 0.59 | (1.76) | (2.00) | (14.46) |
| Tax Provision | 0.02 | 0.01 | 0.03 | 0.00 | 0.00 |
| Net Income | (4.68) | 0.59 | (1.81) | (2.00) | (14.10) |
| Basic EPS | (6.54) | 0.13 | (1.10) | (0.13) | (1.31) |
| Diluted EPS | (6.54) | 0.13 | (1.10) | (0.13) | (1.31) |
Cash Flow Statement
(in millions USD)| Metric | Q2
2025 | Q2
2024 | Q2
2023 | Q2
2022 | Q2
2021 |
|---|
| Operating Cash Flow | (1.48) | (2.53) | (0.67) | (5.13) | (16.33) |
| Capital Expenditures | 1.34 | 0.78 | 0.56 | 2.10 | 0.77 |
| Free Cash Flow* | (2.82) | (3.31) | (1.23) | (7.23) | (17.10) |
| Investing Cash Flow | (1.33) | (0.78) | (0.35) | 2.00 | 0.09 |
| Financing Cash Flow | 3.39 | 2.50 | 0.35 | (0.14) | 15.83 |
* Derived from reported values
