Taoping Inc.

Snapshot

Taoping is a small Chinese IoT/software company shrinking its way through a business pivot: FY2025 revenue was $30.8M, down 16% YoY, with a net loss of $10.1M.

What's Happening Right Now

• Tue 29th Sep '26 · Earnings: H1 2026 revenue fell 32.5% to $11.9M as Taoping exited low-margin hardware and advertising; net loss narrowed to $2.5M, but cash dropped to $1.0M, cash burn widened, going-concern language persists, and the company dismissed auditor PKF Littlejohn for a smaller successor firm.
• Thu 24th Sep '26 · New orders: On Sep 24, 2026 subsidiary Skyladder secured over $5.5M in new smart elevator orders, extending a string of similar project wins in its elevator IoT business.
• Fri 11th Sep '26 · Dilution filing: On Sep 11, 2026 Taoping registered up to 10 million new shares for an equity incentive plan, adding potential dilution while the FY2025 audit still carries a going-concern warning.
• Wed 9th Sep '26 · Leadership change: On Aug 11, 2026 the President and Chief Marketing Officer both resigned and their roles were eliminated, consolidating leadership under Co-CEO Bin Ma, who was also appointed to the board.
• Sun 19th Jul '26 · Debt financing: On Jul 15, 2026 Taoping issued a $3.195M unsecured convertible note to Streeterville Capital at 7% interest, convertible into shares, with default terms that can increase the balance 15% or push the rate to 18% if conditions aren't met.