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Guardforce AI Co., reported record revenue of $36.3 million for 2023, with a 43% increase in gross profit over the prior year. The company focused on expanding clientele, deepened partnerships, and diversified its Robot-as-a-Service (RaaS) offerings with AI solutions. Financially, revenue increased by 6.8%, gross profit margin improved to 14.9%, and adjusted net loss decreased by 61.5% year over year. However, the net loss was $29.6 million due to a business transition impacting inventory and assets.