Luokung Technology Corp. (LKCO) Bundle
A Brief History of Luokung Technology Corp. (LKCO)
Company Formation
Company Formation
Luokung Technology Corp. was established in 2015, focusing primarily on geospatial information services and technologies. The company is headquartered in Beijing, China.
Initial Public Offering
In 2019, Luokung Technology Corp. went public and completed its merger with a U.S. publicly-traded company, gaining significant access to the capital markets.
Acquisition and Partnerships
Luokung Technology, through various acquisitions and partnerships, expanded its capabilities in artificial intelligence and big data analytics. In 2020, the company acquired a majority stake in a Hong Kong-based cloud computing firm to bolster its technological offerings.
Financial Performance
As of December 31, 2021, Luokung Technology reported revenue of approximately $10.77 million, showing an increase from $5.29 million in 2020. The company’s net loss for 2021 was around $12.98 million.
| Year | Revenue (Million USD) | Net Loss (Million USD) | Assets (Million USD) | Liabilities (Million USD) |
|---|---|---|---|---|
| 2019 | 3.22 | -6.76 | 11.53 | 8.12 |
| 2020 | 5.29 | -10.15 | 9.67 | 7.28 |
| 2021 | 10.77 | -12.98 | 16.44 | 12.37 |
Market Expansion
In 2021, Luokung Technology targeted expansion into international markets, particularly in North America and Europe, seeking to leverage its technological advancements in 3D mapping and geographical information systems.
Recent Developments
In 2022, Luokung released new products leveraging AI technologies for urban planning and smart city applications. The company secured contracts valued at approximately $5 million with municipal governments.
Stock Performance
As of October 2023, Luokung Technology Corp. trades on the Nasdaq under the ticker symbol LKCO. The stock price fluctuated between $0.70 to $1.10 in 2023, reflecting market volatility and investor sentiment towards tech-focused firms.
Future Outlook
Looking ahead, Luokung Technology aims to enhance its product offerings and improve profitability through strategic partnerships and innovative solutions in AI and geospatial mapping, targeting a projected revenue growth of 25% for 2023.
A Who Owns Luokung Technology Corp. (LKCO)
Corporate Structure
Luokung Technology Corp. (LKCO) is a publicly traded company listed on the NASDAQ under the ticker symbol "LKCO". The company's operational structure is designed to leverage advanced technologies in the geospatial and big data analytics sectors.
Ownership Breakdown
As of the latest available data, Luokung Technology Corp. has a diverse ownership structure comprising institutional, retail, and insider ownership. Below is a detailed breakdown of the ownership distribution:
| Owner Type | Percentage Ownership | Shares Owned |
|---|---|---|
| Institutional Investors | 45% | Approximately 12 million shares |
| Insiders | 25% | Approximately 6.5 million shares |
| Retail Investors | 30% | Approximately 8 million shares |
Major Shareholders
The following entities hold significant shares in Luokung Technology Corp.:
| Shareholder Name | Shares Owned | Percentage of Total Shares |
|---|---|---|
| Yuji Zhang | 5,000,000 | 18.75% |
| China Technology Development Group Corporation | 4,000,000 | 15% |
| Joyce Wang | 3,000,000 | 11.25% |
| Wang Jianxin | 2,500,000 | 9.375% |
Recent Market Activity
The performance of Luokung Technology Corp. shares in the market has shown fluctuations. The stock price as of the last trading day was approximately $1.20, with a market capitalization of about $300 million.
Regulatory Filings
Luokung Technologies Corp. complies with the U.S. Securities and Exchange Commission (SEC) regulations, and its filings provide further insights into ownership and shares. The latest 10-K filing indicated notable changes in ownership percentages over the last year.
Comparison to Industry Peers
In comparison to its industry peers, Luokung's ownership structure shows a higher proportion of insider ownership:
| Company | Insider Ownership % | Institutional Ownership % |
|---|---|---|
| Luokung Technology Corp. | 25% | 45% |
| GeoSpatial Corp. | 15% | 50% |
| DataTech Solutions | 20% | 40% |
Conclusion of Ownership Structure Trends
The ownership trends of Luokung Technology Corp. indicate a stable distribution of shares among institutional, insider, and retail investors, reflective of its ongoing strategies for growth in the technology sector.
Luokung Technology Corp. (LKCO) Mission Statement
Core Mission
The mission of Luokung Technology Corp. is to leverage cutting-edge technology and innovation to deliver superior spatial data services and solutions that enhance decision-making processes across various industries. They aim to provide comprehensive data visualization and analytics capabilities focused on geographic information systems (GIS).
Market Focus
Luokung targets sectors such as transportation, urban planning, and environmental monitoring. By harnessing the power of spatial big data, the company endeavors to transform how organizations operate and strategize.
Financial Overview
As of the latest financial report for the fiscal year ended December 31, 2022, Luokung Technology Corp. reported the following financial figures:
| Financial Metric | 2022 Amount (USD) | 2021 Amount (USD) |
|---|---|---|
| Total Revenue | 5.2 million | 3.7 million |
| Net Income (Loss) | (1.5 million) | (2.1 million) |
| Total Assets | 25.3 million | 19.9 million |
| Total Liabilities | 17.6 million | 15.2 million |
Strategic Goals
Luokung’s strategic goals include:
- Expanding its product offerings in the GIS space
- Enhancing partnerships with government entities and private sector firms
- Increasing investment in R&D to foster innovation
- Boosting revenue through diversification into new markets
Technological Innovation
Luokung’s commitment to technology is underscored by its focus on several key areas:
- Real-time data analytics
- Machine learning algorithms for predictive modeling
- Cloud-based GIS solutions
- Integration of artificial intelligence in spatial data processing
Environmental Commitment
The company also places emphasis on sustainable practices and aims to contribute positively to environmental conservation through its data analytics solutions that support smart city initiatives.
Partnerships and Collaborations
Luokung has engaged in various collaborations aimed at enhancing its service offerings:
- Partnership with local governments for urban planning projects
- Collaborations with universities for research and development
- Engagements with environmental organizations to promote sustainability
Performance Indicators
To measure its success, Luokung utilizes key performance indicators (KPIs) such as:
- Customer growth rate
- Project completion rate
- Market share in the GIS industry
- Innovation output (patents filed, new products launched)
Future Outlook
Looking ahead, Luokung is strategically positioned to capture growth in the spatial data sector, focusing on expanding its technological capabilities, market reach, and enhancing customer experiences.
How Luokung Technology Corp. (LKCO) Works
Business Model
Business Model
Luokung Technology Corp. operates primarily in the fields of geospatial data and analytics, focusing on the integration of data and artificial intelligence (AI) technologies. The company's revenue streams are generated through software services, data licensing, and the provision of customized geospatial solutions.
Current Financial Data
As of the end of Q3 2023, Luokung reported the following financial figures:
| Financial Metric | Q3 2023 Amount (in USD) |
|---|---|
| Revenue | $3.2 million |
| Gross Profit | $1.5 million |
| Operating Loss | ($1.0 million) |
| Net Income (Loss) | ($1.2 million) |
| Total Assets | $8.5 million |
| Current Liabilities | $5.0 million |
| Shareholders' Equity | $3.5 million |
Market Segments
- Smart City Solutions: Luokung provides data analytics for urban planning.
- Transportation: The company contributes to enhancing logistics through geospatial technologies.
- Environmental Monitoring: Services include tracking environmental changes and natural disasters.
- Defense and Security: The company delivers geospatial intelligence solutions for defense applications.
Strategic Partnerships
Luokung has established partnerships with various organizations to enhance its service offerings. Key collaborations include:
- Government Agencies: Engagements for smart city implementations.
- Academic Institutions: Partnerships for research in AI and geospatial sciences.
- Private Sector: Collaborations with companies in logistics and urban development.
Technological Framework
The core technologies utilized by Luokung include:
- Geospatial Data Processing: Advanced algorithms for data analytics.
- AI Integration: Machine learning models to derive insights from large datasets.
- Cloud Computing: Infrastructure for scalable data storage and processing.
Recent Developments
As of 2023, Luokung has launched a new suite of products aimed at enhancing urban mobility, targeting a market size projected to reach $50 billion by 2025.
Stock Performance
Luokung Technology Corp. trades on the NASDAQ under the symbol LKCO. As of October 2023, the stock price is approximately $0.42 per share, with a market capitalization of $42 million.
| Stock Information | Details |
|---|---|
| Stock Price (as of Oct 2023) | $0.42 |
| Market Capitalization | $42 million |
| P/E Ratio | No earnings (negative) |
| 52-Week Range | $0.10 - $1.00 |
| Average Daily Volume | 1.5 million shares |
Future Projections
Analysts forecast that the global geospatial analytics market, which Luokung participates in, is expected to grow at a compound annual growth rate (CAGR) of 15.5% from 2023 to 2028, potentially reaching $85 billion by the end of the forecast period.
Risk Factors
Several risks have been identified that may impact Luokung’s operations, including:
- Regulatory Risks: Changes in government policies regarding technology.
- Market Competition: Increasing competition in the geospatial analytics space.
- Financial Stability: Ongoing operating losses could hinder growth.
How Luokung Technology Corp. (LKCO) Makes Money
Revenue Streams
Luokung Technology Corp. generates revenue through several key segments:
- Geospatial Information Technology
- Smart Transportation Solutions
- Cloud-Based Services
- Big Data Analysis
Geospatial Information Technology
This segment focuses on providing comprehensive geospatial data solutions. As of Q2 2023, this sector contributed approximately $15 million to the annual revenue.
Smart Transportation Solutions
In the smart transportation domain, Luokung has partnered with multiple governmental and private entities. The estimated revenue from this segment was around $8 million in the last fiscal year.
Cloud-Based Services
Luokung's cloud-based services, which provide advanced data storage and processing solutions, generated about $5 million for the company in 2022.
Big Data Analysis
Big data services offered by Luokung enhance decision-making processes for businesses and governments. This segment accounted for about $7 million in annual revenue.
Recent Financial Performance
Luokung Technology Corp. reported total revenues of approximately $35 million for the fiscal year ending December 31, 2022. The breakdown is illustrated in the following table:
| Segment | Revenue (2022) |
|---|---|
| Geospatial Information Technology | $15 million |
| Smart Transportation Solutions | $8 million |
| Cloud-Based Services | $5 million |
| Big Data Analysis | $7 million |
| Total Revenue | $35 million |
Market Presence and Strategy
Luokung has established a strong presence in the Chinese market and is expanding into international territories, particularly in Southeast Asia and Europe. The company's strategy focuses on:
- Strategic partnerships with governmental agencies and enterprises
- Investment in research and development for innovative solutions
- Enhancing data security and compliance with regional regulations
Projected Growth
For the fiscal year 2023, Luokung expects a growth rate of around 15% in revenue, driven by increasing demand for smart city solutions and enhanced data analytics. Projected revenue is estimated to be around $40 million.
Conclusion of Financial Overview
Luokung Technology Corp. positions itself uniquely within the technology landscape by leveraging its expertise in geospatial data, transportation, cloud services, and big data analytics. The ongoing investments in these domains are expected to yield a continued upward trajectory in revenue.
Luokung Technology Corp. (LKCO) DCF Excel Template
5-Year Financial Model
40+ Charts & Metrics
DCF & Multiple Valuation
Free Email Support