Company research
Luokung Technology Corp.
CIK 1487839Updated Sep 24, 2026
Securities
Historical securities (1)
LKCO · NYSE_AMERICAN · equity · closed Mar 28, 2025Name history
Kingtone Wirelessinfo Solution Holding Ltd · through Aug 1, 2018
LKCO price & chart
Historical security
This listing closed Mar 28, 2025. Live provider charts are shown only for current listings.
About the company
We are a spatial-temporal intelligent big data services company, as well as a provider of interactive location-based services (“LBS”) and High Definition (“HD”) Maps for various industries in China. Backed by our proprietary technologies and expertise in HD Maps and multi-sourced intelligent spatial-temporal big data, we established city-level and industry-level holographic spatial-temporal digital twin systems and actively serves industries including smart transportation with applications in autonomous driving, smart highway and vehicle-road collaboration, natural resource asset management, covering carbon neutral and environmental protection remote sensing data service, and LBS smart industry applications, including mobile Internet LBS, smart travel, smart logistics, new infrastructure, smart cities, emergency rescue, etc.
In the news
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Financials
FY 2023 · USDSource
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balance sheet · annual statements
| Line item | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 53,637,742Source | 233,637,175Source | 265,188,859Source | 129,182,874Source |
| Property, Plant and Equipment, NetUSD | 1,082,000Source | 3,523,810Source | 5,582,480Source | 514,363Source |
| GoodwillUSD | 377,665Source | 80,294,407Source | 81,770,963Source | 11,957,839Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 43,329,144Source | 87,659,719Source | 102,885,017Source | 42,716,594Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 546,286Source | 1,264,881Source | 16,795,263Source | 71,793Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 3,349,504Source | 7,283,566Source | 13,803,367Source | — |
| Assets, CurrentUSD | 7,148,724Source | 44,825,670Source | 57,726,014Source | 12,049,113Source |
| Prepaid Expense and Other Assets, CurrentUSD | — | 36,203,895Source | 26,455,037Source | 7,996,378Source |
| Operating Lease, Right-of-Use AssetUSD | 744,210Source | 2,725,777Source | 4,484,843Source | 369,747Source |
| Other Assets, NoncurrentUSD | — | 4,849,175Source | 4,155,236Source | 493,950Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 106,661,696Source | 99,327,678Source | 111,340,857Source | 76,488,769Source |
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | 25,000Source | 25,000Source | 227,949Source | 242,952Source |
| Common Stock, Value, IssuedUSD | 5,855,345Source | 4,924,987Source | 3,855,422Source | 2,397,701Source |
| Additional Paid in CapitalUSD | 348,787,846Source | 343,901,804Source | 326,309,353Source | 164,753,586Source |
| Retained Earnings (Accumulated Deficit)USD | -416,581,282Source | -235,249,958Source | -182,710,276Source | -113,242,512Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 536,155Source | 542,969Source | -1,592,762Source | -1,523,978Source |
| Stockholders' Equity Attributable to ParentUSD | -61,376,936Source | 114,144,802Source | 146,089,686Source | 52,627,749Source |
| Liabilities and EquityUSD | 53,637,742Source | 233,637,175Source | 265,188,859Source | 129,182,874Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 100,740,467Source | 94,831,612Source | 101,708,506Source | 73,613,138Source |
| Operating Lease, Liability, CurrentUSD | 730,304Source | 1,665,410Source | 1,446,823Source | 336,537Source |
| Accounts Payable, CurrentUSD | 8,234,891Source | 8,091,759Source | 9,192,619Source | 5,841,511Source |
| Operating Lease, Liability, NoncurrentUSD | 62,528Source | 1,148,526Source | 3,064,357Source | — |
| Deferred Income Tax Liabilities, NetUSD | 2,566,980Source | — | — | — |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | -1,851,344Source | 9,960,369Source | 7,758,316Source | 66,356Source |
cash flow · annual statements
| Line item | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | -181,722,229Source | -50,211,741Source | -61,470,985Source | -40,056,965Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 14,685,319Source | 17,142,292Source | 13,432,153Source | — |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 8,492,100Source | 18,342,333Source | 21,186,441Source | 4,804,378Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | -2,268,320Source | -8,296,578Source | 8,003,940Source | 1,830,920Source |
| Increase (Decrease) in InventoriesUSD | — | 4,968Source | -83,295Source | — |
| Increase (Decrease) in Accounts PayableUSD | 1,644,686Source | -390,793Source | 100,905Source | 1,078,131Source |
| Deferred Income Tax Expense (Benefit)USD | 2,736,311Source | -3,950,202Source | -8,222,748Source | — |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -420,841Source | -17,870,525Source | -53,787,959Source | -15,823,808Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -436,581Source | -934,197Source | -78,396,485Source | -19,381,396Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 28,431Source | 424,872Source | 1,541,831Source | 33,974Source |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 624,742Source | 7,093,542Source | 148,910,734Source | 31,538,418Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -718,595Source | -15,530,382Source | 16,723,470Source | -3,623,894Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 546,286Source | 1,264,881Source | 16,795,263Source | — |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | — | 119,814Source | 3,504Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | -485,915Source | -3,819,202Source | -2,820Source | — |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 8,492,100Source | — | — | — |
| Amortization of Intangible AssetsUSD | 13,348,477Source | — | — | — |
| DepreciationUSD | 1,336,842Source | 1,905,226Source | 756,464Source | 140,001Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | 183,042Source | -294,750Source | -70,776Source | 2,078,714Source |
| Gain (Loss) on InvestmentsUSD | 5,546,204Source | 9,100Source | — | — |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | 39,736Source | — | -107,495Source | -13,663Source |
| Gain (Loss) on Termination of LeaseUSD | 25,502Source | — | — | 65,479Source |
| General and Administrative ExpenseUSD | 138,804,958Source | 20,663,654Source | 30,127,176Source | 29,925,057Source |
| GoodwillUSD | 377,665Source | 80,294,407Source | 81,770,963Source | 11,957,839Source |
| Goodwill, Impairment LossUSD | 79,916,742Source | 1,854,221Source | 1,994,986Source | 3,619,968Source |
| Impairment of Intangible Assets (Excluding Goodwill)USD | 30,967,130Source | — | — | — |
| Impairment of Intangible Assets, Finite-livedUSD | — | 162,544Source | — | — |
| Income Tax Expense (Benefit)USD | 2,755,973Source | -3,941,324Source | -8,126,337Source | — |
| InterestExpenseNonoperatingUSD | 3,500,336Source | — | — | — |
| Net Income (Loss) Attributable to ParentUSD | -181,331,324Source | -52,539,682Source | -68,801,252Source | -39,865,640Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -390,905Source | 2,327,941Source | 7,330,267Source | -191,325Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | -52,539,682Source | -68,801,252Source | -39,865,640Source |
| Nonoperating Income (Expense)USD | 2,327,999Source | 6,388,904Source | -3,978,751Source | 193,888Source |
| Operating ExpensesUSD | 185,899,765Source | 76,193,490Source | 81,660,450Source | 41,035,162Source |
| Other Nonoperating Income (Expense)USD | 99,089Source | 10,037,660Source | 214,459Source | 1,740,922Source |
| Payments to Acquire InvestmentsUSD | — | 725,966Source | 4,150,786Source | — |
| Proceeds from Contributions from ParentUSD | — | — | 362,575Source | — |
| Proceeds from Issuance of Common StockUSD | — | 7,420,000Source | 154,231,470Source | 9,882,432Source |
income statement · annual statements
| Line item | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| Total RevenueUSD | 10,236,235Source | 93,593,186Source | 145,067,965Source | 18,263,788Source |
| Cost of Goods and Services Sold | — | — | — | — |
| Gross Profit (Calculated) · Derived | — | — | — | — |
| Operating Income (Loss)USD | -181,294,255Source | -60,541,969Source | -65,618,571Source | -40,250,853Source |
| Other Nonoperating Income (Expense)USD | 99,089Source | 10,037,660Source | 214,459Source | 1,740,922Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -178,966,256Source | -54,153,065Source | -69,597,322Source | -40,056,965Source |
| Income Tax Expense (Benefit)USD | 2,755,973Source | -3,941,324Source | -8,126,337Source | — |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -390,905Source | 2,327,941Source | 7,330,267Source | -191,325Source |
| Net Income (Loss) Attributable to ParentUSD | -181,331,324Source | -52,539,682Source | -68,801,252Source | -39,865,640Source |
| Earnings Per Share, BasicUSD per share | -81.55Source | -3.72Source | -0.21Source | — |
| Earnings Per Share, DilutedUSD per share | -81.55Source | -3.72Source | — | — |
| Weighted Average Number of Shares Outstanding, Basicshares | 2,223,447Source | 14,122,993Source | 334,907,324Source | — |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 2,223,447Source | 14,122,993Source | — | — |
| Interest Expense (non-operating)USD | 3,500,336Source | — | — | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 13,348,477Source | — | — | — |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | 183,042Source | -294,750Source | -70,776Source | 2,078,714Source |
| Gain (Loss) on InvestmentsUSD | 5,546,204Source | 9,100Source | — | — |
| General and Administrative ExpenseUSD | 138,804,958Source | 20,663,654Source | 30,127,176Source | 29,925,057Source |
| Goodwill, Impairment LossUSD | 79,916,742Source | 1,854,221Source | 1,994,986Source | 3,619,968Source |
| Interest ExpenseUSD | — | 3,363,106Source | 4,122,434Source | 3,625,748Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | -52,539,682Source | -68,801,252Source | -39,865,640Source |
| Nonoperating Income (Expense)USD | 2,327,999Source | 6,388,904Source | -3,978,751Source | 193,888Source |
| Operating ExpensesUSD | 185,899,765Source | 76,193,490Source | 81,660,450Source | 41,035,162Source |
| Research and Development ExpenseUSD | 25,180,425Source | 49,873,652Source | 45,476,113Source | 9,401,883Source |
| Selling and Marketing ExpenseUSD | 2,248,912Source | 5,656,184Source | 6,057,161Source | 1,708,222Source |
Offerings
Registration 333-284417
Filing attachments
ea022827401ex4-26_luokung.htm · F-1 · 2025-01-22
EX-4.26 3 ea022827401ex4-26_luokung.htm CONVERSION AGREEMENT ENTERED INTO BY AND AMONG THE COMPANY AND CERTAIN CREDITORS ON JULY 8, 2024 Exhibit 4.26 Certain information marked as [xxx] has been excluded from the Agreement because it is both not material and is the type that the registrant treats as private or confidential 债转股协议书 Debt Conversion Agreement Luokung Technology Corp. [July, 2024] 本《债转股协议书》(以下简称“ 本协议 ”)由以下双方于 2024年【7】月 【8】日(“ 签署日 ”)签署: This Debt Conversion Agreement (this …
Read attachment ↗ea022827401ex4-27_luokung.htm · F-1 · 2025-01-22
EX-4.27 4 ea022827401ex4-27_luokung.htm SUBSCRIPTION AGREEMENT ENTERED INTO BY AND AMONG THE COMPANY AND THE NEW INVESTORS THERETO ON JULY 10, 2024 Exhibit 4.27 Certain information marked as [xxx] has been excluded from the Agreement because it is both not material and is the type that the registrant treats as private or confidential 普通股股份 认购协议书 Ordinary Share Subscription Agreement Luokung Technology Corp. Lin Zhongxiong Duanmu Xiaoyi Liu Zhiqing Xue Congyan July 10, 2024 本《普通股股份认购协议…
Read attachment ↗