Guardforce AI Reports Full-Year 2024 Financial Results and Provides Business Update

Written by Emily J. Thompson, Senior Investment Analyst

Source: Newsfilter

Updated: Apr 28 2025

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GFAI-4.94%

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Source: Newsfilter

Financial Performance: Guardforce AI reported a 16.1% increase in gross profit for 2024, with revenue rising slightly by 0.2% to approximately $36.3 million. The company also narrowed its net loss significantly to $5.9 million, marking an 80.1% improvement year-over-year.
AI and Technology Development: The company is focusing on building a strong AI technology foundation to enhance its service offerings in the travel and retail sectors, while also planning to expand its Robotics-as-a-Service model and AI solutions globally in 2025.

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About GFAI

Guardforce AI Co., Limited is a security solutions provider. The Company’s business segments include Secured Logistics, Robotics AI Solutions, General Security Solutions, and Corporate and Others. Secured Logistics includes services such as cash-in-transit, dedicated vehicles to banks, automated teller machine management, cash center operations, cash processing, coin processing, cheque center, and cash deposit machine solutions (cash deposit management and express cash service). Robotics AI Solutions operates as a robots-as-a-service business model and purchases the robots from equipment manufacturers, integrating various value-added applications. It has built its artificial intelligence (AI) and robotics service model with three sectors: smart devices (robot), platform services, and scenario solutions. General Security Solutions include the provision of smart retail operation management, closed-circuit television and security alarm operation, security engineering, and maintenance.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

Guardforce AI Receives Nasdaq Warning, Must Regain Compliance in 180 Days

Dec 17 2025Globenewswire

Compliance Warning: Guardforce AI received a notification from Nasdaq indicating non-compliance with the minimum bid price requirement of $1.00 per share, facing delisting risks if the deficiency persists for 30 consecutive trading days.
Regaining Period: The company has been granted a 180-day grace period until June 10, 2026, to achieve a closing bid price of at least $1.00 for a minimum of 10 consecutive trading days to avoid delisting.
Market Impact: Despite the warning, the company's ordinary shares continue to trade on Nasdaq, reflecting market confidence in its short-term performance; however, ongoing compliance issues may undermine investor trust in the long run.
Mitigation Strategies: The company intends to continuously monitor its stock price and is considering various measures to improve its financial position, aiming to counteract short-term adverse effects on its trading price and restore compliance in due time.

Guardforce AI Receives Nasdaq Warning, Must Regain Compliance in 180 Days

Dec 17 2025Newsfilter

Compliance Warning: Guardforce AI received a notification from Nasdaq indicating non-compliance with the minimum bid price requirement of $1.00 per share, facing delisting risks if the deficiency persists for 30 consecutive trading days.
Regaining Period: The company has been granted a 180-day grace period until June 10, 2026, to achieve compliance by maintaining a closing bid price of at least $1.00 for 10 consecutive trading days to avoid potential delisting.
Market Impact: Despite the warning, the company's ordinary shares will continue to trade on Nasdaq, indicating that there will be no immediate impact on market performance, but proactive measures are needed to improve financial conditions to mitigate risks.
Response Strategy: The company intends to continuously monitor its closing bid price and is considering various measures to enhance its financial performance, aiming to counteract short-term adverse effects on its trading price and restore compliance in due time.

Guardforce AI Implements Smart Solutions and AI Applications in Thailand

Jul 28 2025Newsfilter

Company Launch and Innovations: Guardforce AI successfully launched its smart solutions and AI applications at a rebranding event in Bangkok, introducing the Smart Cash Solution and Smart Retail Solution aimed at enhancing operational efficiency in cash management and retail environments.
Future Vision and AI Integration: The company emphasized its commitment to advancing AI-driven services, showcasing its first AI Agent application, DeepVoyage Go (DVGO), which enhances travel planning services and aims to expand recurring revenue through tech-enabled solutions.

EXCLUSIVE: Guardforce AI Renews 3-Year Deal With Thailand's Government Savings Bank

Jun 23 2025Benzinga

Guardforce AI's Renewal with GSB: Guardforce AI's subsidiary, GFCS, has secured a three-year renewal contract with Thailand's Government Savings Bank, extending their partnership for cash-in-transit and ATM maintenance services until May 2028.
Financial Stability and Innovation: This renewal ensures stable revenue for Guardforce AI, allowing the company to invest in innovation and expand its AI-driven solutions.