OverviewSuggest Edit

Takung Art Company Ltd. provides a secure and easy way for art collectors and investors to acquire shared ownership in Asian and other fine art - including paintings, calligraphies, jewelry and precious gems - and participate in the booming international art market without fear of price manipulation and forgery.
The ability to trade these valuable assets on Takung's proprietary online trading platform has attracted a significant number of fine art investors - including many ordinary people without substantial financial resources. This novel platform significantly expands the number of interactions between sellers and buyers of fine art far beyond those generated by art galleries and auction houses alone.
For providing this unique service, Takung Art Company earns multiple streams of revenue, including listing fees, trading commissions, management fees and authorized agent fees.

TypePublic
Founded2009
HQHK
Websitetakungart.com

Latest Updates

Employees (est.) (Jul 2021)24
Revenue (FY, 2020)$4.6 M(+44%)
Share Price (Sept 2021)$9.2(+4%)
Cybersecurity ratingCMore

Key People/Management at Takung Art

Chun Hin Leslie Chow

Chun Hin Leslie Chow

CFO
Fang Mu

Fang Mu

Chief Executive Officer
Kwok Keung William Tsui

Kwok Keung William Tsui

Director
Joseph J. Levinson

Joseph J. Levinson

Director
Li Lv

Li Lv

Director
Jehn Ming Lim

Jehn Ming Lim

Chief Financial Officer
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Takung Art Office Locations

Takung Art has an office in
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Takung Art Financials and Metrics

Takung Art Revenue

Takung Art's revenue was reported to be $4.57 m in FY, 2020
USD

Revenue (Q1, 2021)

779.1k

Gross profit (Q1, 2021)

526.9k

Gross profit margin (Q1, 2021), %

67.6%

Net income (Q1, 2021)

(572.6k)

EBIT (Q1, 2021)

(591.2k)

Market capitalization (9-Sept-2021)

106.9m

Closing stock price (9-Sept-2021)

9.2

Cash (31-Mar-2021)

4.4m

EV

104.6m
Takung Art's current market capitalization is $106.9 m.
Annual
USDFY, 2012FY, 2014FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

4.7m19.1m12.9m8.5m3.2m4.6m

Revenue growth, %

(32%)(34%)

Cost of goods sold

434.4k1.1m1.2m1.9m2.3m

Gross profit

4.3m18.0m11.7m1.3m2.3m
Quarterly
USDQ1, 2012Q1, 2013Q2, 2013Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q1, 2021

Revenue

1.3m936.1k3.8m4.7m5.7m4.3m2.9m3.4m4.0m3.9m363.5k535.7k626.1k1.1m1.2m1.7m779.1k

Cost of goods sold

177.7k200.1k262.1k275.4k285.3k262.7k267.5k292.2k933.6k940.2k299.5k267.3k441.0k580.3k656.5k754.1k252.2k

Gross profit

1.1m736.0k3.5m4.4m5.5m4.0m2.7m3.1m3.0m2.9m64.1k268.4k185.1k543.3k524.8k925.1k526.9k

Gross profit Margin, %

86%79%93%94%95%94%91%91%77%76%18%50%30%48%44%55%68%
Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

54.2k3.1k2.4m10.8m13.4m11.9m8.0m5.4m4.7m

Accounts Receivable

291.5k184.5k3.1m2.3m568.8k154.8k

Prepaid Expenses

42.8k17.4k183.1k1.2m968.4k2.3m955.2k451.2k279.4k

Current Assets

98.2k21.7k10.1m28.4m45.5m49.6m22.3m30.1m23.1m
Quarterly
USDQ1, 2012Q2, 2012Q1, 2013Q2, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q1, 2021

Cash

126.3k153.8k98.1k38.1k14.0k479.02.1m2.2m4.6m11.7m4.1m16.8m15.5m15.5m14.9m12.8m10.3m8.4m7.7m7.5m6.1m5.1m5.5m4.4m

Accounts Receivable

291.5k291.6k291.6k458.8k736.4k2.1m3.2m2.5m3.7m893.9k2.5m971.5k254.8k154.8k154.8k154.3k

Prepaid Expenses

2.8k21.3k32.5k27.5k3.0k3.0k126.3k411.5k745.6k1.4m822.7k892.1k932.0k1.1m870.2k2.1m2.3m2.3m699.1k513.3k579.1k311.1k201.1k572.0k

Inventories

8.5k14.9k
USDQ1, 2012

Financial Leverage

-0.4 x
Show all financial metrics

Takung Art Cybersecurity Score

Cybersecurity ratingPremium dataset

C

78/100

SecurityScorecard logo

Takung Art Online and Social Media Presence

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Takung Art News and Updates

Thinking about buying stock in Support.com, Neurometrix, Exela Technologies, Takung Art, or Acasti Pharma?

NEW YORK, Aug. 27, 2021 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for SPRT, NURO, XELA, TKAT, and ACST. To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link....

Takung Art Co., Ltd Announces Closing of $5.0 Million Private Placement

HONG KONG, CHINA , July 13, 2021 (GLOBE NEWSWIRE) -- Takung Art Co., Ltd (NYSE American: TKAT) (“Takung” “TKAT” or the “Company”), an operator of three online fine art and collectibles platforms, today announced the closing of its previously announced private placement of 571,429 shares of Common …

Takung Art Co., Ltd. Announces $5.0 Million Private Placement

HONG KONG, CHINA, July 08, 2021 (GLOBE NEWSWIRE) -- Takung Art Co., Ltd. (NYSE American: TKAT) (“Takung” “TKAT” or the “Company”), an operator of three online fine art and collectibles platforms, today announced that it has entered into a securities purchase agreement (the “SPA”) with an instituti…

Thinking about buying stock in Sundial Growers, AMC Entertainment, Nio, Takung Art, or AT&T?

NEW YORK, March 19, 2021 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for SNDL, AMC, NIO, TKAT, and T. To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link....

Thinking about buying stock in Lordstown Motors, Takung Art, ZK International, Ocugen, or Carnival?

NEW YORK, March 18, 2021 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for RIDE, TKAT, ZKIN, OCGN, and CCL. To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link....

Takung Art soars 712% in 4 days as digital-art trading booms following landmark NFT auction (TKAT)

Summary List PlacementShares of the Hong Kong-based digital-art trading platform Takung Art have soared as much as 712% in the past four days from Friday's closing price of $4.09 per share after a landmark non-fungible token (NFT) auction brought attention to the sector. Takung Art's stock climbed…

Takung Art Frequently Asked Questions

  • When was Takung Art founded?

    Takung Art was founded in 2009.

  • Who are Takung Art key executives?

    Takung Art's key executives are Chun Hin Leslie Chow, Fang Mu and Kwok Keung William Tsui.

  • How many employees does Takung Art have?

    Takung Art has 24 employees.

  • What is Takung Art revenue?

    Latest Takung Art annual revenue is $4.6 m.

  • What is Takung Art revenue per employee?

    Latest Takung Art revenue per employee is $190.3 k.

  • Who are Takung Art competitors?

    Competitors of Takung Art include Christie's, Bonhams and Afrikrea.

  • Where are Takung Art offices?

    Takung Art has an office in.

  • How many offices does Takung Art have?

    Takung Art has 1 office.