Taoping H1 2026 net loss narrows 47% to $2.5 million; revenue drops 32% to $11.9 million
Bitget2026/09/29 12:31- Taoping posted first-half 2026 revenue of $11.9 million, down 32% from the year-earlier period.
- Net loss narrowed 47% to $2.5 million, while gross margin rose 2.7 percentage points to 12.8%.
- Elevator project and MRO revenue totaled $3.7 million, about 31.3% of revenue; project and MRO gross margins were 23.5% and 32.2%.
- More than 10,000 elevators are now connected to its smart management platform, targeting subscription and service revenue.
- Management said it is reducing exposure to lower-margin legacy activity and focusing on converting Skyladder confirmed orders while expanding subscriptions and MRO services.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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