Golden Nugget Online Gaming (NASDAQ:GNOG – Get Rating) and Taoping (NASDAQ:TAOP – Get Rating) are both small-cap consumer discretionary companies, but which is the superior stock? We will contrast the two businesses based on the strength of their dividends, institutional ownership, earnings, valuation, profitability, analyst recommendations and risk. Analyst Recommendations This is a summary of […]
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TAOP Reports Fiscal Year 2020 Financial Results and Provides Guidance for FY2021
Taoping Inc.April 30, 2021 GMT
SHENZHEN, China, April 30, 2021 (GLOBE NEWSWIRE) Taoping Inc. (NASDAQ: TAOP), a provider of Internet-based smart display screens, and a new-media ecosystem that enables targeted advertising and online retail, today announced its financial results for the year ended December 31, 2020.
Revenue was $11.0 million for the year ended December 31, 2020, a decrease of $2.8 million, compared to $13.8 million for the year ended December 31, 2019. Revenue was $7.3 million for the second half year of 2020, an increase of $3.6 million or 96% from $3.7 million for the first half year of 2020, and an increase of $0.6 million or 9% from $6.7 million for the second half year of 2019. The decrease in revenue in 2020 from 2019 was primarily due to the negative impact of the COVID-19 pandemic