Taoping Reports April Contract Revenue Of $2.9M, Up 25% YoY
Portfolio Pulse from Benzinga Newsdesk
Taoping Inc. (NASDAQ: TAOP) reported a total contract revenue of $2.9 million for April 2024, marking a 25% increase year-over-year. The growth is attributed to the company's innovative AI-based products, including Smart City solutions.
May 15, 2024 | 12:31 pm
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Taoping Inc. reported a 25% year-over-year increase in contract revenue for April 2024, driven by strong demand for its AI-based products.
The significant year-over-year revenue growth indicates strong market demand for Taoping's AI-based products, which is likely to positively impact the stock price in the short term.
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