Taoping reports January conract revenue up 78% to $3.6M

Taoping reported 78% year-over-year growth in contract revenue for the month of January 2024. With a total value of RMB 25.8M, or approximately $3.6M, the record monthly contract revenue level was driven by demand for the Company’s recently launched AI-related products and its innovative new off-grid wastewater treatment solution. The Company noted it expects the growth momentum to continue throughout the year as it benefits from increased demand led by its city partner ecosystem and comprehensive portfolio of AI-related products and its Smart City solutions.