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TAOP - Taoping Inc News Story

$2.44 -0.0  -0.6%

Last Trade - 3:10pm

Sector
Technology
Size
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)
 ((medha.singh@thomsonreuters.com))
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