Luokung Technology stock reflects an 89.25 percent revenue drop
Published on 09/29/2026 at 12:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Luokung Technology stock reflects an 89.25 percent historical revenue drop to USD 10.24 million in fiscal year 2023, according to Eulerpool. The figure gives investors a clear measure of the company's sharp change in scale before assessing its location-based technology business.
Revenue fell 89.25 percent
Eulerpool's historical table shows revenue of USD 93.60 million in fiscal year 2022 and USD 10.24 million in fiscal year 2023, a decline of USD 83.36 million. The same source reports a fiscal 2023 EBIT loss of USD 58.00 million, leaving operating earnings deeply negative against the reduced sales base.
The revenue comparison is historical rather than a current forecast. It remains useful because it places the company's spatial-temporal data strategy against a sharply smaller reported revenue base.
Losses outweighed gross margin
Eulerpool lists a 44.99 percent gross margin for fiscal year 2023, but the EBIT margin was negative 566.63 percent and the net margin was negative 1,771.47 percent. Net income was negative USD 181.33 million in that year, a loss materially larger than the USD 10.24 million revenue figure.
That combination points to operating expenses and non-operating charges as the central historical pressure points. The contrast between positive gross margin and negative operating profitability is more informative than revenue alone because it separates product-level economics from the total cost structure.
NASDAQ listing frames the stock
A September 13, 2026 market page identifies Luokung Technology Corp. as NASDAQ: LKCO and describes the company as a provider of location-based services, high-definition maps and spatial-temporal big-data products, according to Meyka. The profile connects the listing with applications for intelligent transportation, mapping and smart-city use cases.
For investors, the key distinction is between the company's technology offering and the historical financial record. Luokung was founded in 2009 and is headquartered in Beijing, while its reported fiscal 2023 figures show the scale of the challenge facing the business.
Historical figures define the setup
Luokung Technology's historical fiscal 2023 revenue of USD 10.24 million, EBIT loss of USD 58.00 million and net loss of USD 181.33 million provide the clearest numerical frame for the stock. The figures are dated to fiscal year 2023 and should be read as historical operating context rather than as a current quotation or new earnings forecast.
Luokung Technology facts
- Company: Luokung Technology Corp.
- Ticker: LKCO
- Primary exchange: NASDAQ
- Sector / Industry: Communication Services / Internet Content and Information
- Historical fiscal 2023 revenue: USD 10.24 million
- Historical fiscal 2023 net income: negative USD 181.33 million
