Taoping Inc chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 1.90
Dividend & YieldN/A$ (N/A)
Beta 0.76
Market capitalization 10.75M
Operating cash flow -4.96M
ESG Scores unknown

Company description

Taoping Inc. provides cloud-based platform, resource sharing, and big data solutions to the Chinese new media, education residential community management, and elevator Internet of Things (IoT) industries in the People's Republic of China. It operates through three segments: Cloud-Based Technology, Blockchain Technology, and Traditional Information Technology. The company offers cloud-based software as a service to automate the interactive workflows between advertising agencies and their customers, including establishing new advertising projects, submitting advertisement proposals, revising and approving advertising proposals, processing payment online, remotely uploading advertisement content, and tracking and analyzing performance data. It also provides project-based technology products and services for the public sector; and software and hardware with integrated solutions, including information technology infrastructure, Internet-enabled display technologies, and IoT platforms to customers in government, education, residential community management, media, transportation, healthcare, and other private sectors, as well as related maintenance and support services. In addition, the company offers cloud-application-terminal and IoT technology based digital advertising distribution network and media resource sharing platform in the out-of-home advertising markets. Further, it operates Taoping Net, an advertising-resources trading service platform, which connect screen owners, advertisers, and consumers; Taoping App, which enable customers to distribute and manage ads from mobile terminals; and cryptocurrency mining and blockchain related services. The company was formerly known as China Information Technology, Inc. and changed its name to Taoping Inc. in June 2018. Taoping Inc. was founded in 1993 and is headquartered in Causeway Bay, Hong Kong.

Sector: Technology - Industry: Software—Infrastructure

Financial data

Financial Statements

Cashflow Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Change To Liabilities 4.07M -380.55k 899.4k -5.83M
Total Cashflows From Investing Activities -4.07M 151.85k -1.73M -14M
Net Borrowings -1.37M 1.59M 1.92M 4.7M
Total Cash From Financing Activities 176.79k 1.59M 3.07M 33.03M
Change To Operating Activities 2.09M -74.22k 2.76M -6.36M
Issuance Of Stock 1.54M 1.15M 1.15M 28.32M
Net Income 1.69M -3.58M -17.69M -9.92M
Change In Cash -1.61M -133.59k -422.75k 3.43M
Effect Of Exchange Rate -191.2k -189.69k 20.78k 555.96k
Total Cash From Operating Activities 2.47M -1.68M -1.78M -16.15M
Depreciation 3.67M 2.9M 3.48M 3.7M
Change To Account Receivables -10.29M -4.34M -3.33M -392.49k
Other Cashflows From Financing Activities
Change To Netincome 1.64M 4.38M 14.2M 8.84M
Capital Expenditures -1.8M -1.62M -1.67M -11.29M

Income Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Research Development 4.76M 3.59M 3.89M 4.48M
Income Before Tax 677.55k -3.87M -18.4M -9.92M
Net Income 1.69M -3.58M -17.69M -9.92M
Selling General Administrative 4.73M 7.18M 17.42M 13.58M
Gross Profit 9.65M 6.6M 3.84M 9.04M
Ebit 168.82k -4.17M -17.47M -9.01M
Operating Income 168.82k -4.17M -17.47M -9.01M
Interest Expense -484.4k -499.85k -1.02M -928.35k
Income Tax Expense -1.2M -274.48k -71.32k 5.32k
Total Revenue 20.58M 13.79M 11.06M 24.85M
Cost Of Revenue 10.92M 7.19M 7.22M 15.8M
Total Other Income ExpenseNet 508.73k 303.42k -935.79k -905.7k
Net Income From Continuing Ops 1.88M -3.59M -18.33M -9.92M
Net Income Applicable To Common Shares 1.69M -3.58M -17.69M -9.92M

Balance Sheet Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Total Liabilities 24.01M 26.01M 29.8M 27.9M
Total Stockholder Equity 8.26M 5.27M -7.66M 19.25M
Other Current Liabilities 1.36M 1.36M 2.55M 2.09M
Total Assets 41.62M 40.62M 30.78M 47.16M
Common Stock 126.15M 126.26M 131.25M 161.1M
Other Current Assets 3.9M 3.15M 3.59M 8.59M
Retained Earnings -156.89M -160.47M -178.17M -188.09M
Treasury Stock 23.22M 23.02M 23.61M 23.8M
Cash 1.65M 1.52M 882.77k 4.53M
Total Current Liabilities 24.01M 26.01M 29.8M 27.34M
Other Stockholder Equity 23.22M 23.02M 23.61M 23.8M
Property, Plant, and Equipment 11.6M 11.84M 10.85M 22.46M
Total Current Assets 28.88M 19.03M 12.43M 21.07M
Net Tangible Assets 8.2M 5.27M -7.66M 19.25M
Net Receivables 22.63M 14.06M 7.7M 7.11M
Accounts Payable 11.77M 12.65M 14.93M 9.87M


Insider Transactions

Here are the insider transactions of stock shares related to Taoping Inc:

Filer Name Transaction Text Ownership Date Filer Relation Shares
HUAI LIN JIANGPurchase at price 0.87 per share.D2012-08-24Chief Executive Officer25.6k
HUAI LIN JIANGPurchase at price 0.87 per share.D2012-08-24Chief Executive Officer23.95k
HUAI LIN JIANGPurchase at price 0.91 - 0.94 per share.D2012-08-23Chief Executive Officer51.2k
HUAI LIN JIANGPurchase at price 0.83 - 0.86 per share.D2012-08-21Chief Executive Officer65.62k
HUAI LIN JIANGPurchase at price 0.79 - 0.86 per share.D2012-08-16Chief Executive Officer83.46k
HUAI LIN JIANGPurchase at price 0.81 - 0.91 per share.D2012-08-10Chief Executive Officer24.21k
HUAI LIN JIANGPurchase at price 0.75 - 1.00 per share.D2012-08-07Chief Executive Officer12.8k
HUAI LIN JIANGPurchase at price 1.00 per share.D2012-08-02Chief Executive Officer7.7k
HUAI LIN JIANGPurchase at price 1.00 per share.D2012-07-27Chief Executive Officer4.27k
HUAI LIN JIANGPurchase at price 1.00 per share.D2012-07-24Chief Executive Officer3.52k
HUAI LIN JIANGPurchase at price 0.99 - 1.00 per share.D2012-07-23Chief Executive Officer3.71k
HUAI LIN JIANGPurchase at price 0.99 - 1.00 per share.D2012-07-19Chief Executive Officer8.5k
HUAI LIN JIANGPurchase at price 0.98 - 1.00 per share.D2012-07-16Chief Executive Officer3.8k
HUAI LIN JIANGPurchase at price 0.98 - 0.99 per share.D2012-07-11Chief Executive Officer18.6k
HUAI LIN JIANGPurchase at price 1.00 per share.D2012-07-09Chief Executive Officer3.56k
HUAI LIN JIANGPurchase at price 1.00 per share.D2012-07-05Chief Executive Officer6.03k
HUAI LIN JIANGPurchase at price 1.00 per share.D2012-06-29Chief Executive Officer15.45k
HUAI LIN JIANGPurchase at price 1.00 per share.D2012-06-26Chief Executive Officer10.29k
HUAI LIN JIANGPurchase at price 1.00 per share.D2012-06-22Chief Executive Officer13.93k
HUAI LIN JIANGPurchase at price 1.00 per share.D2012-06-20Chief Executive Officer23.35k
HUAI LIN JIANGPurchase at price 0.93 - 1.00 per share.D2012-06-13Chief Executive Officer45.44k
HUAI LIN JIANGPurchase at price 1.20 per share.D2012-03-12Chief Executive Officer1.08M
HUAI LIN JIANGPurchase at price 0.62 - 0.74 per share.D2012-01-30Chief Executive Officer109.99k
HUANG ZHI XIONGSale at price 5.00 - 6.73 per share.D2010-04-21Chief Technology Officer20k
HUAI LIN JIANGSale at price 6.15 per share.D2010-01-12Chief Executive Officer1.6M
KITT BARRY MSale at price 3.77 - 3.81 per share.I2009-08-31Beneficial Owner of more than 10% of a Class of Security96.2k
KITT BARRY MSale at price 3.78 - 3.83 per share.I2009-08-27Beneficial Owner of more than 10% of a Class of Security16.8k
KITT BARRY MSale at price 3.60 - 3.80 per share.I2009-08-25Beneficial Owner of more than 10% of a Class of Security156.1k
KITT BARRY MSale at price 3.43 - 3.51 per share.I2009-08-20Beneficial Owner of more than 10% of a Class of Security108.8k
KITT BARRY MSale at price 3.39 - 3.61 per share.I2009-08-17Beneficial Owner of more than 10% of a Class of Security124.3k
KITT BARRY MSale at price 3.72 per share.I2009-08-10Beneficial Owner of more than 10% of a Class of Security50k
KITT BARRY MSale at price 3.69 - 3.77 per share.I2009-08-05Beneficial Owner of more than 10% of a Class of Security236.47k
KITT BARRY MSale at price 3.14 - 3.18 per share.I2009-07-28Beneficial Owner of more than 10% of a Class of Security216.34k
KITT BARRY MSale at price 3.00 - 3.07 per share.I2009-07-23Beneficial Owner of more than 10% of a Class of Security75.7k
KITT BARRY MSale at price 3.01 - 3.04 per share.I2009-07-16Beneficial Owner of more than 10% of a Class of Security103k
KITT BARRY MSale at price 3.01 per share.I2009-06-29Beneficial Owner of more than 10% of a Class of Security563.4k
KITT BARRY MSale at price 2.95 - 3.09 per share.I2009-06-15Beneficial Owner of more than 10% of a Class of Security272.98k
LIU YIFUConversion of Exercise of derivative security at price 0.00 per share.D2009-02-02Chief Operating Officer15k
ZHAO ZHIQIANGConversion of Exercise of derivative security at price 0.00 per share.D2008-12-19Officer and Director20k
ZHAO ZHIQIANGConversion of Exercise of derivative security at price 0.00 per share.D2008-09-19Officer and Director10k
HUAI LIN JIANGSale at price 5.71 per share.D2008-07-01Chief Executive Officer1.53M
KITT BARRY MSale at price 7.14 - 7.30 per share.I2008-05-30Beneficial Owner of more than 10% of a Class of Security583.96k
KITT BARRY MSale at price 6.70 - 6.75 per share.I2008-05-20Beneficial Owner of more than 10% of a Class of Security443.5k
HUAI LIN JIANGSale at price 5.45 per share.D2008-03-28Chief Executive Officer1.07M
HUAI LIN JIANGStock Award(Grant) at price 0.00 per share.I2007-11-27Chief Executive Officer30k
HUANG ZHI XIONGStock Award(Grant) at price 0.00 per share.D2007-11-27Chief Operating Officer20k
KITT BARRY MPurchase at price 1.90 per share.I2007-02-06Beneficial Owner of more than 10% of a Class of Security3.93M

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to Taoping Inc. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on Taoping Inc

Here is the result of two systematic investment strategies applied to Taoping Inc. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on Taoping Inc

The following chart shows the equity curve of the two systematic investment strategies applied to Taoping Inc:

Taoping Inc automated entries

The systematic investment strategy that buys the first day of the month would give a performance of -34.21% on the backtest period.

Performance at glance

Performance

-34.21 %

Latent gain

-774.5 $

Invested capital

2263.8 $

Annualized return

-8.26 %
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Momentum strategy results on Taoping Inc

This is the result of two momentum investment strategies applied to Taoping Inc. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on Taoping Inc

The following chart shows all the entries opened by the momentum investment system on Taoping Inc:

Taoping Inc momentum entries
  • The first momentum investment strategy would give -27.48% of return on Taoping Inc. That represents -1305.38$ of latent gain with 4750.38$ of employed capital.
  • The second momentum investment strategy would give -29.94% of return on Taoping Inc. That represents -1044.26$ of latent gain with 3487.56$ of employed capital.
Performance at glance (1Q Momentum)

Performance

-27.48 %

Latent gain

-1305.38 $

Invested capital

4750.38 $

Annualized return

-20.99 %
Performance at glance (2Q Momentum)

Performance

-29.94 %

Latent gain

-1044.26 $

Invested capital

3487.56 $

Annualized return

-8.18 %

Momentum equity curve on Taoping Inc

The following chart shows the equity curve of the two momentum strategies applied to Taoping Inc:

Taoping Inc momentum equity

Note: the dividends potentially given by Taoping Inc are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Taoping Inc

The following chart shows the employed capital evolution of the two momentum strategies on Taoping Inc since the beginning:

Taoping Inc

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Buy the dip strategy result on Taoping Inc

Buy the dip entry openings on Taoping Inc

Taoping Inc

The performance achieved by the robo-advisor on Taoping Inc is -44.91%. That represents -112.32$ of latent gain with 250.12$ of employed capital. The following chart shows Taoping Inc stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of Taoping Inc, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

-44.91 %

Latent gain

-112.32 $

Invested capital

250.12 $

Annualized return

-20.99 %

Equity curve of the strategy applied to Taoping Inc

The following chart shows the result of the investment strategy applied to Taoping Inc:

Taoping Inc

Note: the dividends potentially given by Taoping Inc are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Taoping Inc

The following chart shows the employed capital evolution since the beginning of the investment strategy on Taoping Inc:

Taoping Inc

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on Taoping Inc

In this section, I will compare the three previous investment strategies applied to Taoping Inc.

Equity curve comparison on Taoping Inc

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

Taoping Inc investment strategy comparison

Employed capital comparison on Taoping Inc

Taoping Inc investment comparison

Performance comparison on Taoping Inc

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment -34.21% -774.5$ 2263.8$ -8.26%
Momentum 1 quarter -27.48% -1305.38$ 4750.38$ -7.05%
Momentum 2 quarters -29.94% -1044.26$ 3487.56$ -8.18%
Non-directional -44.91% -112.32$ 250.12$ -20.99%
Annualized return comparison

Automatic investment

-8.26 %

Momentum 1Q

-8.18 %

Momentum 2Q

-8.18 %

Non-directional

-20.99 %

Correlated stocks

Here are the most positively and negatively correlated stocks with Taoping Inc:

Positive correlations

Most correlated stocks this year

  • Taoping Inc

  • Most correlated stocks last 3 months

  • INPLAY OIL CORP
  • GRAN TIERRA ENERGY INC.
  • Taoping Inc
  • Oncternal Therapeutics Inc
  • E LIGHTING
  • NRJ GROUP
  • STERLING GP

  • Negative correlation

    Most negatively correlated stocks this year


    Most negatively correlated stocks last 3 months


    Note: The algorithm computes the probability of correlation between Taoping Inc and the other stocks. There may be false positives or some missing correlated stocks. If the price of Taoping Inc does not vary for 36 weeks, the correlation calculation result will be wrong.


    Company information

    Company name Taoping Inc
    Country Hong Kong
    City Causeway Bay
    Address Citicorp Centre
    Phone 852 3611 7837
    Website www.taop.com
    FullTime employees 76
    Industry Software—Infrastructure
    Sector Technology
    Exchange XNAS
    Ticker TAOP
    Market www.nasdaq.com

    Taoping Inc ESG Scores

    Environment scores

    Environment ESG Factors Scores
    Environment Score 0
    Peer Environment Performance unknown
    Environment Percentile unknown
    Palm Oil unknown
    Nuclear unknown
    Fur Leather unknown
    GMO unknown
    Coal unknown
    Pesticides unknown
    Animal Testing unknown

    Social scores

    Social ESG Factors Scores
    Social Score 0
    Peer Social Performance unknown
    Social Percentile unknown
    Highest Controversy unknown
    Peer Highest Controversy Performance unknown
    Adult unknown
    Gambling unknown
    Alcoholic unknown
    Tobacco unknown
    Catholic unknown
    Controversial Weapons unknown
    Small Arms unknown
    Military Contract unknown
    Peer Count unknown

    Related Controversy:


    Governance scores

    Governance ESG Factors Scores
    Governance Score 0
    Peer Governance Performance unknown
    Governance Percentile unknown

    ESG at glance
    Total ESG Scores: unknown
    Environment Score: 0
    Social Score: 0
    Governance Score: 0

    ESG Performance: unknown

    Peer Group: unknown

    Peer Esg Score Performance: unknown

    Rating Year: unknown

    Rating Month: unknown

    Max Age: unknown

    Percentile: unknown