TAOP
Income statement / Annual
Last year (2023), Taoping Inc.'s total revenue was $38.64 M,
an increase of 59.43% from the previous year.
In 2023, Taoping Inc.'s net income was -$697,941.00.
See Taoping Inc.’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
FY-2014
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
12/31/2014 |
| Operating Revenue |
$38.64 M
|
$24.23 M
|
$24.85 M
|
$11.06 M
|
$13.79 M
|
$20.58 M
|
$18.19 M
|
$10.19 M
|
$10.28 M
|
$68.16 M
|
| Cost of Revenue |
$29.78 M |
$17.00 M |
$15.50 M |
$7.12 M |
$7.19 M |
$10.92 M |
$9.87 M |
$7.61 M |
$6.38 M |
$45.69 M |
| Gross Profit |
$8.85 M |
$7.23 M |
$9.34 M |
$3.94 M |
$6.60 M |
$9.65 M |
$8.32 M |
$2.59 M |
$3.90 M |
$22.47 M |
| Gross Profit Ratio |
0.23 |
0.3 |
0.38 |
0.36 |
0.48 |
0.47 |
0.46 |
0.25 |
0.38 |
0.33 |
| Research and Development
Expenses |
$2.97 M
|
$3.61 M
|
$4.48 M
|
$3.89 M
|
$3.59 M
|
$4.76 M
|
$4.03 M
|
$3.04 M
|
$3.45 M
|
$3.04 M
|
| General & Administrative
Expenses |
$5.60 M
|
$6.15 M
|
$12.88 M
|
$16.71 M
|
$6.66 M
|
$4.30 M
|
$3.62 M
|
$8.34 M
|
$11.22 M
|
$27.61 M
|
| Selling & Marketing
Expenses |
$482,358.00
|
$639,052.00
|
$694,474.00
|
$714,147.00
|
$523,557.00
|
$429,362.00
|
$1.12 M
|
$1.33 M
|
$2.66 M
|
$9.04 M
|
| Selling, General &
Administrative Expenses |
$6.08 M
|
$6.79 M
|
$13.58 M
|
$17.42 M
|
$7.18 M
|
$4.73 M
|
$4.74 M
|
$9.68 M
|
$13.89 M
|
$36.65 M
|
| Other Expenses |
$0.00 |
-$148,577.00 |
-$181,620.00 |
-$556,186.00 |
-$431,555.00 |
$400,566.00 |
$281,556.00 |
-$326,546.00 |
$776,233.00 |
-$260,746.00 |
| Operating Expenses |
$9.05 M |
$10.25 M |
$17.87 M |
$20.75 M |
$10.34 M |
$8.93 M |
$8.30 M |
$12.50 M |
$16.83 M |
$37.45 M |
| Cost And Expenses |
$38.83 M |
$27.25 M |
$33.38 M |
$27.87 M |
$17.53 M |
$19.85 M |
$18.16 M |
$20.11 M |
$23.21 M |
$83.14 M |
| Interest Income |
$2,100.00 |
$7,956.00 |
$4,640.00 |
$4,798.00 |
$133,517.00 |
$36,381.00 |
$7,900.00 |
$17,420.00 |
$76,716.00 |
$435,381.00 |
| Interest Expense |
$580,630.00 |
$556,434.00 |
$928,352.00 |
$1.02 M |
$499,852.00 |
$484,403.00 |
$450,024.00 |
$498,931.00 |
$3.12 M |
$6.59 M |
| Depreciation &
Amortization |
$2.99 M
|
$3.50 M
|
$2.20 M
|
$3.48 M
|
$2.90 M
|
$3.67 M
|
$2.86 M
|
$2.58 M
|
$2.54 M
|
$4.77 M
|
| EBITDA |
$3.35 M
|
$3.54 M
|
-$8.63 M
|
-$13.90 M
|
-$467,933.00
|
$3.84 M
|
$2.41 M
|
-$15.39 M
|
$1.27 M
|
-$20.18 M
|
| EBITDA Ratio |
0.09 |
0.3 |
-0.18 |
-1.26 |
-0.03 |
0.24 |
0.17 |
-0.75 |
-0.93 |
-0.15 |
| Operating Income Ratio
|
-0.01
|
0
|
-0.34
|
-1.52
|
-0.27
|
0.01
|
-0.02
|
-1.43
|
-2.62
|
-0.44
|
| Total Other
Income/Expenses Net |
-$26,472.00
|
$2.65 M
|
-$1.62 M
|
-$1.04 M
|
$303,420.00
|
$508,731.00
|
$319,669.00
|
-$3.89 M
|
$22.57 M
|
-$5.18 M
|
| Income Before Tax |
-$224,170.00 |
-$512,502.00 |
-$9.92 M |
-$18.40 M |
-$3.87 M |
$677,555.00 |
-$131,034.00 |
-$18.47 M |
-$4.39 M |
-$34.14 M |
| Income Before Tax Ratio
|
-0.01
|
-0.02
|
-0.4
|
-1.66
|
-0.28
|
0.03
|
-0.01
|
-1.81
|
-0.43
|
-0.5
|
| Income Tax Expense |
$7,980.00 |
$69,869.00 |
$5,321.00 |
-$71,316.00 |
-$274,480.00 |
-$1.20 M |
-$1.07 M |
$57,844.00 |
$4.31 M |
-$4.39 M |
| Net Income |
-$697,941.00 |
-$582,371.00 |
-$9.92 M |
-$18.33 M |
-$3.59 M |
$1.69 M |
$858,605.00 |
-$18.17 M |
-$7.50 M |
-$29.23 M |
| Net Income Ratio |
-0.02 |
-0.02 |
-0.4 |
-1.66 |
-0.26 |
0.08 |
0.05 |
-1.78 |
-0.73 |
-0.43 |
| EPS |
-0.37 |
-0.37 |
-7.66 |
-24.86 |
-5.16 |
2.47 |
1.28 |
-27.1 |
-12.61 |
-54.76 |
| EPS Diluted |
-0.37 |
-0.37 |
-7.66 |
-24.86 |
-5.16 |
2.45 |
1.27 |
-27.1 |
-12.39 |
-53.24 |
| Weighted Average Shares
Out |
$1.91 M
|
$1.56 M
|
$1.30 M
|
$737,334.00
|
$696,473.00
|
$683,818.00
|
$670,520.00
|
$670,527.00
|
$595,103.00
|
$533,800.00
|
| Weighted Average Shares
Out Diluted |
$1.91 M
|
$1.56 M
|
$1.30 M
|
$737,334.00
|
$696,473.00
|
$690,306.00
|
$673,936.00
|
$670,529.00
|
$605,573.00
|
$549,059.00
|
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