Taoping Inc logo

TAOP - Taoping Inc News Story

$2.44 -0.0  -0.6%

Last Trade - 3:10pm

Micro Cap
Market Cap £14.5m
Enterprise Value £26.5m
Revenue £10.8m
Position in Universe 5345th / 6400

BUZZ-Taoping: Climbs on ad distribution contract

Thu 26th July, 2018 2:04pm
** Shares of China-based firm  TAOP.O  jump 15.4 pct to
$1.50 premarket after its unit enters an ad distribution deal
with housekeeping services provider Ju'an Home
    ** Deal is expected to generate $17.6 mln revenues for co's
unit Taoping Alliance within next twelve months
    ** Under the contract, Ju'an Home's real-time ads will be
distributed on selected cloud-based ad terminals of TAOP across
22 cities in China  urn:newsml:reuters.com:*:nGNX6VHVY7
    ** TAOP is expected to receive ~15 pct of the total revenue
generated from the contract
    ** In March quarter, co reported a revenue of $4 mln and
reiterated FY revenue projection of $30-33 mln  urn:newsml:reuters.com:*:nGNX6DyfXH
    ** Stock off 2.5 pct this year

 (Reporting by Medha Singh in Bengaluru)
© Stockopedia 2020, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.