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Stock impact report

25% YoY Growth in Taoping's 1Q 2025 Total Contract Revenue Value Driven by Continued Strong Demand for AI-Related Products

Taoping Inc. - Ordinary Shares (TAOP) 
Company Research Source: PR Newswire
SHENZHEN, China, April 23, 2025 /PRNewswire/ -- Taoping Inc. (Nasdaq: TAOP, the "Company"), a provider of innovative smart cloud platform services and solutions, today reported a total contract revenue value of approximately RMB 72.5 million (approximately USD $9.9 million) for the first quarter of fiscal year 2025, representing 24.5% growth compared to the first quarter of fiscal year 2024, driven by continued strong demand for its products and solutions, which in many cases offer enhanced integration with popular AI components.Mr. Jianghuai Lin, Chairman and CEO of Taoping, said: "Our unwavering focus and consistent efforts in expanding our AI-related product lines and applications continue to strengthen our competitive position in attractive growth markets. We believe these represent significant long-term opportunities as we prioritize developing new AI features that transform how companies interact with their customers, and analyze text, voice, and images.""Importantly, we are als Show less Read more
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