Guardforce Ai - GFAI STOCK NEWS

Guardforce AI (NASDAQ: GFAI) announced an enhanced collaboration with Librum Technologies to develop advanced AI agents for travel and purchasing solutions. The partnership leverages Librum's proprietary 'AI-oracle machines for intelligent computing' technology, which combines various AI models including Large Language Models (LLMs), Large Reasoning Models (LRMs), and Large Vision Models (LVMs).

The AI agents have completed their initial proof-of-concept phase and are designed to interpret complex user requests, provide personalized solutions, and enhance customer experience. The technology integrates advanced algorithms with various AI models to ensure precise and interpretable computational results while minimizing hallucinations.

Guardforce AI Co., (NASDAQ: GFAI) reported positive financial results for the first half of 2024. Gross profit increased by 50% compared to H1 2023, with gross profit margin rising to 18.4%. The company achieved an adjusted net income of $0.1 million, a significant improvement from the $1.8 million loss in H1 2023. Operating loss decreased by 82.5% to $2.1 million.

Key business highlights include expanding services to over 25,000 retail stores, securing long-term contracts, and developing GFAI Agents as the core technology for AI Purchase and AI Travel Solutions. The company also diversified its Robot-as-a-Service (RaaS) offerings, launching new products like LinguaBot and RoboTravel Agent.

Despite a slight 2.4% decrease in net revenue due to currency exchange rates, Guardforce AI's secured logistics business grew by 5.2%. The company ended H1 2024 with $15.5 million in cash and cash equivalents.

Guardforce AI Co., (NASDAQ: GFAI, GFAIW), an integrated security, AI and Robot-as-a-Service (RaaS) provider, has announced its participation in the H.C. Wainwright 26th Annual Global Investment Conference. The event will take place from September 9th to 11th, 2024, at the Lotte New York Palace Hotel in New York City.

Lei (Olivia) Wang, Chairwoman and CEO of Guardforce AI, is scheduled to present on Tuesday, September 10th at 3:00 p.m. Eastern Time. The presentation will be webcast live and available for viewing on the company's website. Additionally, management will be conducting one-on-one meetings with investors throughout the conference.

Guardforce AI Co., (NASDAQ: GFAI) has announced the expansion of its AIoT Robot Advertising business into the U.S. market, starting with over 200 robots in New York. The company is also preparing to launch a decentralized spatial computing solution in late August. These initiatives are expected to generate new revenue streams across all operating areas.

Key points:

• Robots are strategically placed in high-traffic areas for maximum advertising impact
• Connected to the Intelligent Cloud Platform for real-time campaign data
• Decentralized spatial computing solution will utilize unused robot computing power
• Additional revenue to be earned based on completed tasks and online time

CEO Lei Wang expressed excitement about the U.S. expansion and the potential of decentralized spatial computing in the growing AI and robotics market.

Guardforce AI Co., (NASDAQ: GFAI) has expanded contracts with two major retail customers through its subsidiary, Beijing Wanjia Security System The company now serves nearly 20,000 retail stores across Asia Pacific. Key highlights include:

1. Expanded security alarm system services to 3,900 stores for a health and beauty brand, increasing total operations to over 12,000 stores in Mainland China.

2. Extended security services and agreed to install systems in 1,000 stores over two years for an international coffeehouse chain.

3. Introduced smart retail solutions using AI and data analysis to improve loss prevention efficiency.

4. Manages over 120,000 video security channels in China and serves 7,000 retail stores in Thailand.

Guardforce AI has announced that its subsidiary, Guardforce Cash Solutions Security (Thailand), secured a 5-year contract to operate a Consolidated Cash Center (CCC) in Chiangmai for the Bank of Thailand (BOT). This contract, beginning at the end of 2024, makes GFCS the largest CCC operator for BOT, covering 50% of BOT's CCCs and extending services to 44 provinces and about 1,900 ATMs. CEO Lei (Olivia) Wang highlighted that this contract enhances operational efficiency and allows facility upgrades without additional investments. Guardforce AI aims to expand its retail base in Thailand, currently serving around 7,000 retail locations.

Guardforce AI (NASDAQ: GFAI, GFAIW) announces the launch of 'LinguaBot,' an AI robotic solution developed in partnership with Thailand-based iApp Technology. LinguaBot aims to enhance chatbot services for concierge applications, integrating advanced generative AI tailored for the Thai language. Guardforce AI will unveil this and two more robotic solutions, 'Barism' and 'Wish Note,' at a product launch event on May 17, 2024, in Bangkok. Barism targets bars and pubs with digitized services, while Wish Note focuses on event planning. The collaboration highlights Guardforce AI’s commitment to localized, AI-driven solutions in the travel and retail sectors.

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.