StocksMedium•29 September 2026•
1 min read
Taoping Narrows Net Loss by 47% in First Half of 2026
Key Facts
1Taoping reported a 47% narrowing in net loss for the first half of 2026.
2Gross margin expanded by 270 basis points as the smart elevator platform surpassed 10,000 connected units.
Taoping Inc. reported a 47% narrowing in net loss to $2.5 million for the first half of 2026, compared to a $4.7 million loss in the same period last year. According to a statement released via PR Newswire, the company generated $11.9 million in revenue for the period ending June 30, 2026, supported by elevator projects and MRO revenue following its acquisition of Skyladder Group.
The company's gross margin expanded by 270 basis points to 12.8% as its smart elevator platform surpassed 10,000 connected units. In equity markets, TAOP closed at $0.5238 on September 28, 2026, with the stock trading between a session low of $0.51 and a high of $0.5486.