Taoping Inc. (TAOP)

Taoping Income Statement

Financials in millions USD. Fiscal year is January - December.

Year	2023	2022	2021	2020	2019
Revenue	38.64	24.23	19.39	11.06	13.79
Revenue Growth (YoY)	59.43%	24.98%	75.28%	-19.78%	-32.98%
Cost of Revenue	29.78	17	12.72	7.12	7.19
Gross Profit	8.85	7.23	6.67	3.94	6.6
Selling, General & Admin	6.08	6.79	12.33	17.42	7.18
Research & Development	2.97	3.61	4.48	3.89	3.59
Operating Expenses	9.05	10.4	16.81	21.31	10.77
Operating Income	-0.2	-3.17	-10.14	-17.37	-4.17
Interest Expense / Income	0.58	0.56	0.93	1.02	0.5
Other Expense / Income	-0.09	3.29	-1.15	-0.62	-0.82
Pretax Income	-0.69	-7.01	-9.92	-17.77	-3.86
Income Tax	0.01	0.07	0.01	-0.07	-0.27
Net Income	-0.7	-7.08	-9.92	-17.69	-3.58
Shares Outstanding (Basic)	2	2	1	1	1
Shares Change	18.28%	14.25%	94.95%	0.57%	3.80%
EPS (Basic)	-0.12	-0.37	-8.89	-24.90	-5.40
EPS (Diluted)	-0.12	-0.37	-8.89	-24.90	-5.40
Free Cash Flow	-3.54	-8.22	-27.44	-3.43	-3.3
Free Cash Flow Per Share	-1.92	-5.27	-20.11	-4.89	-4.74
Gross Margin	22.91%	29.83%	34.41%	35.65%	47.87%
Operating Margin	-0.51%	-13.06%	-52.30%	-156.98%	-30.25%
Profit Margin	-1.81%	-29.22%	-51.18%	-159.95%	-25.98%
Free Cash Flow Margin	-9.15%	-33.93%	-141.53%	-30.96%	-23.94%
EBITDA	2.88	0.78	-5.29	-13.54	-0.51
EBITDA Margin	7.46%	3.22%	-27.26%	-122.41%	-3.73%
Depreciation & Amortization	2.99	7.24	3.7	3.21	2.84
EBIT	-0.11	-6.46	-8.99	-16.75	-3.36
EBIT Margin	-0.28%	-26.64%	-46.37%	-151.39%	-24.34%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).