New Risk • Apr 24
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 75% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 11% per year over the past 5 years. Shareholders have been substantially diluted in the past year (75% increase in shares outstanding). Minor Risk Market cap is less than US$100m (US$15.8m market cap). Reported Earnings • Apr 22
Full year 2025 earnings released: US$0.24 loss per share (vs US$0.53 loss in FY 2024) Full year 2025 results: US$0.24 loss per share (improved from US$0.53 loss in FY 2024). Revenue: US$35.2m (down 3.1% from FY 2024). Net loss: US$5.30m (loss narrowed 10% from FY 2024). New Risk • Apr 12
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 23% per year over the past 5 years. Market cap is less than US$10m (US$9.66m market cap). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Shareholders have been diluted in the past year (23% increase in shares outstanding). New Risk • Mar 27
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: US$9.83m This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 23% per year over the past 5 years. Market cap is less than US$10m (US$9.83m market cap). Minor Risk Shareholders have been diluted in the past year (23% increase in shares outstanding). New Risk • Feb 20
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 16% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings have declined by 23% per year over the past 5 years. Market cap is less than US$10m (US$9.39m market cap). Minor Risk Shareholders have been diluted in the past year (23% increase in shares outstanding). New Risk • Feb 05
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: US$9.66m This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 23% per year over the past 5 years. Market cap is less than US$10m (US$9.66m market cap). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (23% increase in shares outstanding). New Risk • Dec 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 23% per year over the past 5 years. Shareholders have been substantially diluted in the past year (113% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (US$17.9m market cap). Announcement • Nov 14
Guardforce AI Co., Limited Accelerates AI Agent Commercialization with Robotic Integration in Thailand Guardforce AI Co., Limited announced its upcoming rollout of AI Agent platform and Robotics-as-a-Service (RaaS) operations in Thailand, marking a major milestone in unifying its human-centered AI ecosystem. This integration is powered by the Company's Intelligent Cloud Platform (ICP), connecting AI Agents and robotic solutions into a coordinated system that blends emotion, experience, and commerce across events and travel. Amid Thailand's tourism and event recovery, Wishnote, Guardforce AI's RaaS solution for weddings and event management, continues to gain momentum, with nearly 100 events now contracted. Powered by the ICP, Wishnote serves as an onsite check-in and event interactive engagement hub, greeting guests, collecting digital messages, and sharing live photos and videos. This interactive data can be leveraged by DVGO, the Company's newly launched AI-powered travel assistant. This seamless orchestration enables real-time data exchange, multi-modal analytics, and adaptive learning across diverse applications. The continuous feedback loop enhances AI performance, scalability, and user experience, further advancing Guardforce AI's long-term vision to transform its RaaS business into a unified, data-driven AI ecosystem. Announcement • Nov 08
Guardforce AI Co., Limited Announces the Launch of DVGO Beta 2.0, Bringing AI Agent into Real-World Applications Guardforce AI Co., Limited announced the launch of DVGO Beta 2.0, marking a major milestone in its AI-first product roadmap and the start of its marketing expansion. DVGO, Guardforce AI's first travel planning AI agent, was built specifically for travel advisors and service professionals. It serves as an Al-powered copilot for travel advisors, capable of understanding context, leveraging tools, and executing tasks through natural conversation. Compared to DVGO Beta 1.0, DVGO Beta 2.0 integrates seamlessly into travel advisors' workflows across all aspects. For example, the enhanced AI orchestration in DVGO Beta 2.0 works beyond information analysis, it proactively generates intelligent recommendations, helping clarify client intents and enabling real-time synchronization between advisors and clients. When selecting destinations, the Beta 2.0 agents autonomously interpret implicit travel preferences, uncover hidden gems based on traveler personas, while dynamically adjusting itineraries through natural conversation and interactive map visualization, cutting planning time from days to minutes. These updates reflect the Company's broader vision to deliver intelligent, human-centered AI solutions that transform real-world industries. As part of the rollout, DVGO is launching an Ambassador Program, recruiting 50 travel advisors as early adopters to further co-create and refine the platform. This initiative highlights Guardforce AI's commitment to building practical, user-informed AI applications that continuously evolve through human-AI collaboration. Reported Earnings • Sep 28
First half 2025 earnings released: US$0.11 loss per share (vs US$0.19 loss in 1H 2024) First half 2025 results: US$0.11 loss per share. Revenue: US$18.2m (up 3.6% from 1H 2024). Net loss: US$2.24m (loss widened 19% from 1H 2024). Announcement • Jul 30
Guardforce AI Co., Limited Implements Smart Solutions and AI Applications in Thailand Guardforce AI Co., Limited announced the successful launch of its smart solutions and AI applications at its rebranding event hosted by its Thai subsidiary, Guardforce Cash Solutions Security (Thailand) Company Limited ("GFCS"), on July 25, 2025, in Bangkok, Thailand. The event brought together key clients and regional stakeholders to witness the Company's transformation. During the event, GFCS introduced its refreshed brand identity and expanded business portfolio with two updated solutions: Smart Cash Solution and Smart Retail Solution. The company also presented its first AI Agent application and shared its strategic vision for the future, demonstrating Guardforce AI's strategic commitment to advancing AI-driven services and positioning itself as a technology-forward partner. Smart Cash Solution is designed to support back-office cash management automation by streamlining cash handling processes and improving accuracy. Smart Retail Solution offers comprehensive functionalities such as customer flow analysis, inventory management and behavior pattern recognition. The solution serves diverse retail environments, from supermarkets and convenience stores to shopping malls. Reported Earnings • Apr 29
Full year 2024 earnings released: US$0.53 loss per share (vs US$4.53 loss in FY 2023) Full year 2024 results: US$0.53 loss per share (improved from US$4.53 loss in FY 2023). Revenue: US$36.3m (flat on FY 2023). Net loss: US$5.90m (loss narrowed 80% from FY 2023). Revenue is forecast to grow 4.1% p.a. on average during the next 2 years, compared to a 6.8% growth forecast for the Commercial Services industry in the US. New Risk • Apr 14
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 60% per year over the past 5 years. Shareholders have been substantially diluted in the past year (81% increase in shares outstanding). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (US$16.0m market cap). Announcement • Apr 01
Guardforce AI Launches DVGO, an AI Travel Planning Tool Powered by Specialized AI Agents, in the United States Guardforce AI Co., Limited announced the beta launch of DeepVoyage Go (“DVGO”), an AI-powered travel planning tool powered by specialized AI agents. Unlike traditional generative AI, DVGO leverages task-specific AI agents that replicate the expertise of professional travel advisors, drastically reducing planning time from days to hours while delivering personalized, high-quality itineraries. Designed for both travel professionals and individual users, DVGO will be introduced in phases, with the initial rollout focusing on in-depth travel needs analysis, premium itinerary planning, and AI-powered communication to streamline the planning process and improve overall efficiency. The beta launch targets the U.S. market, with plans to expand into the Asia-Pacific region. DVGO is currently available by invitation only and includes a three-day free trial before transitioning to a subscription-based access. New Risk • Mar 06
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 81% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (31% average weekly change). Earnings have declined by 60% per year over the past 5 years. Shareholders have been substantially diluted in the past year (81% increase in shares outstanding). Minor Risk Market cap is less than US$100m (US$20.1m market cap). Board Change • Oct 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Director Don Pangburn was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 25
First half 2024 earnings released: US$0.19 loss per share (vs US$4.35 loss in 1H 2023) First half 2024 results: US$0.19 loss per share (improved from US$4.35 loss in 1H 2023). Revenue: US$17.6m (down 4.6% from 1H 2023). Net loss: US$1.89m (loss narrowed 86% from 1H 2023). New Risk • Sep 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 73% per year over the past 5 years. Shareholders have been substantially diluted in the past year (53% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (US$12.3m market cap). Announcement • Jul 04
Guardforce AI Co., Limited has filed a Follow-on Equity Offering in the amount of $10.862168 million. Guardforce AI Co., Limited has filed a Follow-on Equity Offering in the amount of $10.862168 million.
Security Name: Ordinary shares
Security Type: Common Stock
Transaction Features: At the Market Offering Announcement • May 16
Guardforce Ai Launches Ai Robotic Solution 'Linguabot' Through Strategic Partnership with Iapp Technology Guardforce AI Co., Limited announced the launch of the "LinguaBot" solution in Thailand through a strategic partnership and collaboration with iApp Technology Co. Ltd. Additionally, Guardforce AI will host an exclusive product launch event for their customers on May 17, 2024, in Bangkok, Thailand. The event will also officially unveil two additional AI robotic solutions, including a showcase of tailored AI and robotic solutions for hospital, retail, school, restaurant, and travel markets. LinguaBot has been developed to enhance chatbot capabilities for concierge services, integrating advanced generative AI features developed by iApp and specifically tailored for the Thai language. The event will also showcase two additional robotic solutions: Barism: Tailored specifically for bars and pubs, the solution offers digitized booking, ticketing and payment functions, as well as facilitating interactive activities between establishments and customers, enhancing business operations and driving additional revenue. Wish Note: Tailored for event planning, Wish Note is the ideal solution for weddings, celebrations, and travel experiences. It caters specifically to the needs of wedding planners, event organizers, and travel attractions. Reported Earnings • May 01
Full year 2023 earnings released: US$4.53 loss per share (vs US$14.97 loss in FY 2022) Full year 2023 results: US$4.53 loss per share. Revenue: US$36.3m (up 5.2% from FY 2022). Net loss: US$29.6m (loss widened 60% from FY 2022). New Risk • Apr 20
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings have declined by 77% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 5x increase in shares outstanding). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Market cap is less than US$100m (US$27.7m market cap). Announcement • Jan 17
Guardforce Ai Co., Limited Announces CFO Changes Guardforce AI Co., Limited announced the appointment of Ms. Yuting (Catherine) Zuo as Chief Financial Officer, effective immediately. Additionally, the Company announced that Mr. Yuheng (Brian) Ma has resigned from his position as Chief Financial Officer to pursue other interests. The resignation of Mr. Ma was not the result of any disagreement with the Company on any matter relating to its operation, policies (including accounting or financial policies) or practices. Ms. Zuo has over a decade of experience in corporate finance, accounting, SEC reporting and working with U.S. listed companies. Ms. Zuo has served in a financial reporting and investment position, directly reporting to the CEO and CFO of Aurora Mobile Limited. In this role she oversaw financial reporting and accounting operations, investor relations and led merger and acquisition activities. Previously, she was the corporate accounting manager at Farmers Business Network, a farmer-to-farmer network and e-commerce platform, based in California. Prior to that, Ms. Zuo served as an auditor at PricewaterhouseCoopers and at Ernest&Young in the U.S. Ms. Zuo holds a bachelor’s degree in accounting and finance from the University of Richmond and also completed an undergraduate program in Finance at the University of Hong Kong in 2013. She is a certified public accountant. Announcement • Dec 05
Guardforce AI Co., Limited, Annual General Meeting, Dec 27, 2023 Guardforce AI Co., Limited, Annual General Meeting, Dec 27, 2023, at 11:00 China Standard Time. Agenda: To elect four persons to the Board of Directors of the Company, each to serve until the next annual general meeting of members, or until such person's successor is duly elected and qualified or until his or her earlier death, resignation, retirement, disqualification or removal; to ratify the appointment of PKF Littlejohn LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2023; and to approve an amendment to the Guardforce AI Co., Limited 2022 Equity Incentive Plan (the "Plan") to increase the total number of Ordinary Shares available for grant under the Plan from 79,500 ordinary shares, par value $0.12 per share (as may be adjusted for share splits, reverse share splits, share dividends, recapitalization or other similar events from time to time, the "Ordinary Shares"). Reported Earnings • Oct 05
First half 2023 earnings released: US$4.35 loss per share (vs US$7.16 loss in 1H 2022) First half 2023 results: US$4.35 loss per share. Revenue: US$18.4m (up 8.7% from 1H 2022). Net loss: US$13.8m (loss widened 119% from 1H 2022). Announcement • May 13
Guardforce AI Co., Limited has completed a Follow-on Equity Offering. Guardforce AI Co., Limited has completed a Follow-on Equity Offering.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 2,580,600
Price\Range: $4.65
Security Name: Pre Funded Warrants
Security Type: Equity Warrant Announcement • May 04
Guardforce AI Co., Limited has completed a Follow-on Equity Offering in the amount of $8 million. Guardforce AI Co., Limited has completed a Follow-on Equity Offering in the amount of $8 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,720,430
Price\Range: $4.65 Reported Earnings • Apr 23
Full year 2022 earnings released: US$14.97 loss per share (vs US$12.50 loss in FY 2021) Full year 2022 results: US$14.97 loss per share (further deteriorated from US$12.50 loss in FY 2021). Revenue: US$34.5m (down 1.9% from FY 2021). Net loss: US$18.6m (loss widened 239% from FY 2021). Announcement • Feb 17
Guardforce AI Co., Limited (NasdaqCM:GFAI) and Shenzhen GFAI Robot Technology Co., Limited completed the acquisition of Certain robot-related business assets of Shenzhen Kewei Robot Technology Co., Limited. Guardforce AI Co., Limited (NasdaqCM:GFAI) and Shenzhen GFAI Robot Technology Co., Limited entered into an agreement to acquire Certain robot-related business assets of Shenzhen Kewei Robot Technology Co., Limited for $2.1 million on December 21, 2022.
The acquisition includes the transfer of certain equipment, clients in the sales pipeline, related sales channels and staff, as well as rights to the permanent use of its patents. Customers for the acquired business span various industries, such as restaurants, hotels, and office buildings, including Fortune 500 companies. Additionally, the acquired rights to patents are expected to further enhance Guardforce AI’s capabilities in RaaS development, which complement the Company’s advanced AI capabilities.
The deal is expected to complete in the first quarter of 2023, subject to customary closing conditions.
Guardforce AI Co., Limited (NasdaqCM:GFAI) and Shenzhen GFAI Robot Technology Co., Limited completed the acquisition of Certain robot-related business assets of Shenzhen Kewei Robot Technology Co., Limited on February 15, 2023.
The acquisition was originally expected to be paid fully in the form of 10,500,000 restricted ordinary shares of Guardforce AI based on $0.20 per share. With the approval of Guardforce AI’s special shareholder meeting on January 31, 2023 for a reverse split of a 1:40 ratio, the acquisition will be paid in 262,500 restricted ordinary shares of Guardforce AI based on $8.00 per share on a split adjusted basis. Announcement • Dec 24
Guardforce AI Co., Limited (NasdaqCM:GFAI) and Shenzhen GFAI Robot Technology Co., Limited entered into an agreement to acquire Certain robot-related business assets of Shenzhen Kewei Robot Technology Co., Limited for $2.1 million. Guardforce AI Co., Limited (NasdaqCM:GFAI) and Shenzhen GFAI Robot Technology Co., Limited entered into an agreement to acquire Certain robot-related business assets of Shenzhen Kewei Robot Technology Co., Limited for $2.1 million on December 21, 2022. The deal is expected to complete in the first quarter of 2023, subject to customary closing conditions. Announcement • Nov 23
Guardforce AI Co., Limited Launches Innovative “AIOT” Robot Advertising Model for Its Robot-As-A-Service Business Guardforce AI Co., Limited announced the formal launch of its Artificial Intelligence of Things (AIoT) Robot Advertising (RA) model and its mobile application, GFAI AD, on the Apple App Store in Asia. The AIoT RA model enables advertisers to publish advertisements on Guardforce AI’s robots and make more informed marketing decisions with data feedback from the Guardforce AI Intelligent Cloud Platform (GFAI ICP). As a part of the AIoT RA rollout, the initial launch of the mobile app is commencing with robots in Macau, with additional markets to follow. Guardforce AI has managed approximately 6,000 robots deployed globally. Most robots are placed at the entrances of hotels, restaurants, supermarkets, offices and residential buildings, which are high-volume traffic points. While providing concierge, order and queue systems, and disinfection services, the robot screens could be used for advertisers to achieve more customized, cost-efficient and precise marketing strategies that better reach their target audiences. Advertisers can choose different scenarios, hours, repetitions and locations where they predict their target audiences will most frequently visit, and fine-tune their campaign through real-time data feedback, by monitoring key metrics such as exposure and customer engagement. Through the AIoT RA services, Guardforce AI has transformed its omnipresent robots into intermediaries that connect customers and advertisers under numerous service scenarios. The connection has been further strengthened with the launch of a mobile application. The mobile app, integrated with an e-payment function, provides more convenient access for advertisers around the world to place ad orders and transform Digital Out-of-Home (DOOH) advertising to be more agile and responsive to advertisers’ changing needs and demands. Evolved from the Web to mobile application services, DOOH advertising supports both corporate and consumer needs by broadcasting ideas and creative content. The latest upgrades are expected to enhance the Company’s global advertising capabilities and further differentiate the company’s RaaS solution capacities. Price Target Changed • Nov 16
Price target decreased to US$1.00 Down from US$2.00, the current price target is provided by 1 analyst. New target price is 426% above last closing price of US$0.19. Stock is down 90% over the past year. The company is forecast to post a net loss per share of US$0.17 next year compared to a net loss per share of US$0.31 last year. Board Change • Nov 16
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. CEO & Chairman Olivia Wang is the most experienced director on the board, commencing their role in 2019. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 01
First half 2022 earnings released: US$0.18 loss per share (vs US$0.089 loss in 1H 2021) First half 2022 results: US$0.18 loss per share (further deteriorated from US$0.089 loss in 1H 2021). Revenue: US$16.9m (down 7.9% from 1H 2021). Net loss: US$6.31m (loss widened 306% from 1H 2021). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Commercial Services industry in the US. Announcement • Sep 14
Guardforce AI Co., Limited (NasdaqCM:GFAI) signed a letter of intent to acquire Shenzhen Kewei Robot Technology Co., Limited from Shenzhen Intelligent Guardforce Robot Technology Co., Ltd. Guardforce AI Co., Limited (NasdaqCM:GFAI) signed a letter of intent to acquire Shenzhen Kewei Robot Technology Co., Limited from Shenzhen Intelligent Guardforce Robot Technology Co., Ltd on September 13, 2022.The Company plans to pay for this acquisition through a combination of cash (10%) and restricted common stock of the Company (90%) at a value of no less than $1 per share Announcement • Jul 16
Guardforce AI Co., Limited announced that it has received $1.23 million in funding On July 15, 2022, Guardforce AI Co., Limited closed the transaction. The transaction included participation from 8 investors. Announcement • Jun 25
Guardforce AI Co., Limited (NasdaqCM:GFAI) completed the acquisition of Beijing Wanjia Security System Limited from Shenzhen Yeantec Co., Limited. Guardforce AI Co., Limited (NasdaqCM:GFAI) entered into a letter of intent to acquire Beijing Wanjia Security System Limited from Shenzhen Yeantec Co., Limited for $8.4 million on March 21, 2022. As of May 24, 2022, Guardforce signed a definitive agreement with Shenzhen Yeantec. The consideration will be paid in a combination of cash (10%) and restricted ordinary shares of the Company (90%) at the previously agreed price of U.S. $2.00 per share. The acquisition is subject to the satisfactory completion of due diligence by the Company, the entry into definitive agreements and customary closing conditions. The transaction is expected to complete in June, 2022.
Guardforce AI Co., Limited (NasdaqCM:GFAI) completed the acquisition of Beijing Wanjia Security System Limited from Shenzhen Yeantec Co., Limited on June 24, 2022. Announcement • Jun 03
Guardforce AI Co., Limited (NasdaqCM:GFAI) signed a supplemental letter of intent to acquire Twelve Companies of the Kewei Group from Shenzhen Kewei Robot Technology Co., Limited for $18 million. Guardforce AI Co., Limited (NasdaqCM:GFAI) signed a supplemental letter of intent to acquire Twelve Companies of the Kewei Group from Shenzhen Kewei Robot Technology Co., Limited for $18 million on June 2, 2022. The total consideration is expected to be paid for with a combination of cash (10%) and restricted ordinary shares of Guardforce (90%) at $2.00 per share. The acquisition is subject to the execution of a definitive agreement, as well as customary due diligence and closing conditions. The acquisition is expected to close in the second half of 2022. Announcement • May 14
Guardforce AI Co., Limited, Annual General Meeting, Jun 15, 2022 Guardforce AI Co., Limited, Annual General Meeting, Jun 15, 2022, at 22:00 US Eastern Standard Time. Location: Unit 04, 5/F., Guardforce Centre No.3 Hok Yuen Street East Hung Hom Kowloon Hong Kong Agenda: To elect five persons to the Board of Directors of the Company, each to serve until the next annual general meeting of members, or until such person’s successor is duly elected and qualified or until his or her earlier death, resignation, retirement, disqualification or removal; to ratify the appointment of PKF Littlejohn LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2022; to approve amendments to the company’s Articles of Association; and to transact such other business as may properly come before the Annual Meeting or at any postponement or adjournment of the Annual Meeting. Buying Opportunity • May 06
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 11%. The fair value is estimated to be US$0.76, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 67% in a year. Earnings is forecast to grow by 89% in the next year. Board Change • Apr 27
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. CEO & Director Olivia Wang is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Apr 15
Guardforce AI Regains Compliance with Nasdaq Listing Requirements Guardforce AI Co., Limited announced that it has received notice from the Nasdaq Stock Market LLC (Nasdaq) on April 11, 2022 informing Guardforce AI that it has regained compliance with the minimum bid price requirement under Nasdaq listing rule 5550(a)(2) (the "Rule") for continued listing on The Nasdaq Capital Market. Consequently, Guardforce AI is now in compliance with all applicable listing standards and its ordinary share will continue to be listed on The Nasdaq Capital Market. Guardforce AI was previously notified by Nasdaq on March 9, 2022 that it was not in compliance with the minimum bid price rule because its ordinary share failed to meet the closing bid price of $1.00 or more for 30 consecutive business days. In order to regain compliance with the Rule, the Company was required to maintain a minimum closing bid price of $1.00 or more for at least 10 consecutive trading days. This requirement was met on April 8, 2022, the tenth consecutive trading day when the closing bid price of the Company's ordinary share was over $1.00. Announcement • Apr 07
Guardforce AI Co., Limited Announces It Begun to Roll Out Additional Features for Its Intelligent Cloud Platform Guardforce AI Co., Limited announced it has begun to roll out additional features for its Intelligent Cloud Platform powered robots in Macau. This expansion increases the usability and application of its robots while creating new revenue and partnership opportunities with advertisers and marketing vendors. Guardforce AI’s robots are ideal for displaying advertisements as most deployments are concentrated within indoor facilities and entrances, with high visibility upon immediate entrance into the facility. The large screen displays on the robots provide increased advertising opportunities for Guardforce AI’s clients. Through the ICP, they have upgraded robot’s displays with the capability to display static and multi-media videos. As the displays are completely customizable and can be managed remotely, they are highly suitable for retail and corporate advertisers. As of March 31, 2022, Guardforce AI had more than 200 robots deployed in Macau. Reported Earnings • Apr 01
Full year 2021 earnings released: US$0.31 loss per share (vs US$0.18 loss in FY 2020) Full year 2021 results: US$0.31 loss per share (down from US$0.18 loss in FY 2020). Revenue: US$35.2m (down 6.6% from FY 2020). Net loss: US$5.48m (loss widened 75% from FY 2020). Over the next year, revenue is forecast to grow 71%, compared to a 24% growth forecast for the industry in the US. Buying Opportunity • Feb 24
Now 33% undervalued after recent price drop Over the last 90 days, the stock is down 77%. The fair value is estimated to be US$0.54, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.5% over the last year. The company became loss making over the last 3 years. Announcement • Feb 01
Guardforce AI Co., Limited announced that it has received $10.3 million in funding On January 31, 2022, Guardforce AI Co., Limited closed the transaction. The transaction included participation from 20 investors. Buying Opportunity • Jan 19
Now 35% undervalued after recent price drop Over the last 90 days, the stock is down 52%. The fair value is estimated to be US$1.78, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.5% over the last year. The company became loss making over the last 3 years. Announcement • Jan 16
Guardforce AI Co., Limited (NasdaqCM:GFAI) entered into an agreement in principle to acquire Shenzhen Keweien Robot Service Co., Ltd./Guangzhou Kewei Robot Technology Co., Ltd. Guardforce AI Co., Limited (NasdaqCM:GFAI) entered into an agreement in principle to acquire Shenzhen Keweien Robot Service Co., Ltd./Guangzhou Kewei Robot Technology Co., Ltd. on January 14, 2022. Under the terms, consideration will be based upon a valuation that is equal to 0.55-times five years (from year 2022 to year 2026) projected average revenue for both SZ and GZ, which is estimated to be $10 million and will be paid in a mix of cash (10%) and Guardforce AI Co., Limited restricted shares (90%) at price per share $4.20. The acquisition is subject to, among other things, the satisfactory completion of due diligence by the Guardforce AI Co., Limited, the entry into definitive agreements and any required third-party consents. The acquisition is scheduled to be completed by the end of February 2022. Announcement • Jan 12
Guardforce AI Co., Limited Provides Revenue Guidance for the Full Year of 2022 Guardforce AI Co., Limited provided revenue guidance for the full year of 2022. The company expects net revenue of $55-$60 million, representing growth of more than 66% versus 2021. Reported Earnings • Dec 19
First half 2021 earnings released First half 2021 results: Revenue: (flat on 1H 2020). Net income: (flat on 1H 2020). Profit margin: (in line with 1H 2020). Announcement • Dec 10
Guardforce AI Co., Limited (NasdaqCM:GFAI) proposed to acquire SBC Global Holdings Inc. for $2 million. Guardforce AI Co., Limited (NasdaqCM:GFAI) proposed to acquire SBC Global Holdings Inc. for $2 million on December 9, 2021. The purchase price is expected to be one times SBC's 2021 audited total assets, which the parties expect to be approximately $2 million. The purchase price will be paid in a mix of cash (10%) and Guardforce equity (90%). The parties expect to value the equity portion of purchase price based upon a price of $4.20 per Guardforce share. The equity portion of purchase price will be subject to vesting over a two-year period and locked-up until vested. As part of acquisition, Robert Shiver, Chairman and Chief Executive Officer of SBC, will continue to lead the firm. The acquisition of SBC is subject to, among other things, the satisfactory completion of due diligence by Guardforce, the entry into definitive agreements and any required third-party consents. The proposed acquisition is expected to be completed by January 31, 2022. Announcement • Nov 26
Guardforce AI Co., Limited (NasdaqCM:GFAI) entered into a Transfer Agreement to acquire Macau GF Robotics Limited. Guardforce AI Co., Limited (NasdaqCM:GFAI) entered into a Transfer Agreement to acquire Macau GF Robotics Limited on November 18, 2021. In related transaction, Guardforce AI Co., Limited will acquire GF Robotics Malaysia Sdn. Bhd on same day as well. Board Change • Sep 30
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. CEO & Director Olivia Wang is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.