SHENZHEN, China, April 25, 2024 /PRNewswire/ -- Taoping Inc. (NASDAQ:TAOP, the ", Company", )), a developer of innovative smart cloud platform services and solutions, new media and artificial intelligence solutions, today reported 59.4% revenue growth for the year ended December 31, 2023, and anticipated continued growth for the full year 2024. The Company expects to file its annual report on Form 20-F for the year ended on December 31, 2023 with the U.S. Securities and Exchange Commission ("SEC") on or about April 25, 2024. Mr. Lin Jianghuai, Chairman and CEO of Taoping, commented, "In 2023, we experienced remarkable growth in revenue, with sales surging 59.4% compared to 2022. Alongside this growth, we made significant strides in profitability and came close to breaking even. Our success was fueled by increased demand for our cutting-edge Smart City products and solutions. The strategic investments we've made in our integrated ecosystem solutions have facilitated seamlessly integration of our robust technology platform, resource exchange mechanisms, and big data services. This seamless, powerful integration offers substantial benefits, empowering our clients to enhance operational efficiency, reduce labor costs, optimize asset utilization rates, and boost revenue." "Looking ahead to 2024, we anticipate sustained growth driven by several pivotal factors, including a macroeconomic recovery, increased customer demand, rising urbanization, and widespread adoption of AI, cloud, and mobile technologies. These trends present significant growth opportunities and new revenue streams for Taoping, strategically positioning us for both short and long-term success." "The decisions we made to deliberately engineer our solution with scalability, availability, and flexibility have positioned us advantageously in the market. By leveraging the latest AI and cloud-computing technology, our system is optimally designed to ...