LKCO - Luokung posts 66% rise in revenue

• Luokung Technology ( NASDAQ: LKCO ) is trading 4.2% premarket after it reported 66% rise in total revenue for the six months ended June 30.
• Luokung reported total revenue for the six months of about $62.8M, compared to $37.8M, a year earlier.
• Revenue from advertising services was $57.3M, an increase of 81.2%, a year earlier. The increase was mainly due to the integration and improvement of geographic information points of interest (POI), characteristic areas of interest (AOI) and other data with AI algorithms.
• Revenue from sales of remote sensing and GIS data management service platform software and services decreased to $1.5M, from $4.4M, a year earlier.
• Revenue from smart transportation was $4M, an increase of 121.6% from a year earlier.

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