Guardforce AI Co., Limited Ordinary Shares - GFAI STOCK NEWS

Guardforce AI Co. (NASDAQ:GFAI, GFAIW) has launched its robotics services in the U.S., commencing trials in New Jersey. The initial rollout focuses on disinfection in office buildings, providing valuable customer feedback for future applications. The company plans to expand services to include T-series robots for reception in various venues and will later introduce delivery, security, and advertising functionalities. Chairman Terence Yap emphasizes this rollout as a critical part of their global strategy, aiming to enhance operational efficiency and reduce labor costs.

Guardforce AI (NASDAQ:GFAI, GFAIW) has successfully regained compliance with Nasdaq's minimum bid price rule, as announced on April 14, 2022. After being notified of non-compliance on March 9, 2022, the company maintained a closing bid price over $1.00 for 10 consecutive trading days by April 8, 2022. As a result, Guardforce AI will continue to be listed on the Nasdaq Capital Market, meeting all other applicable listing standards. The company specializes in integrated security solutions and has over 40 years of industry experience.

Guardforce AI has successfully closed a $10.0 million registered direct offering of its ordinary shares, selling approximately 8.7 million shares at a price of $1.15 per share. The offering, conducted under a shelf registration statement, is aimed at enhancing the company's financial flexibility. Proceeds from this offering will support Guardforce AI's growth strategy as it continues to innovate in the integrated security solutions sector. EF Hutton acted as the exclusive placement agent for this transaction.

Guardforce AI (NASDAQ:GFAI, GFAIW) announced a collaboration with Blue Pin (HK) Limited to integrate their Guest Services Robot into Guardforce AI's T-series concierge robots. This agreement aims to enhance hotel automation by offering services like online booking and check-in. Testing commenced on April 1, 2022, in the Asia Pacific region, known for its hospitality industry. Both companies expect significant growth opportunities from this partnership, targeting market expansions beyond Asia.

Guardforce AI Co., Limited (NASDAQ:GFAI, GFAIW) announced a registered direct offering to institutional investors, aiming to raise approximately $10.0 million by selling around 8.7 million shares at $1.15 per share. The offering, set to close on or about April 8, 2022, is facilitated by EF Hutton as the exclusive placement agent. This initiative follows a shelf registration statement filed with the SEC, affirming the company's commitment to enhance its financial standing through this capital influx.

Guardforce AI (NASDAQ:GFAI, GFAIW) has initiated the rollout of enhanced features for its Intelligent Cloud Platform (ICP) powered robots in Macau. This upgrade aims to boost usability and create new revenue opportunities, especially in advertising. As of March 31, 2022, over 200 robots are deployed in Macau, showcasing customizable displays for static and multimedia ads. The expansion aligns with Macau's growing status as a destination for events, enhancing partnership prospects for the company.

Guardforce AI Co., Limited (NASDAQ:GFAI, GFAIW) reported its financial results for 2021, showing a revenue decline of 6.6% to approximately $35.2 million. Key highlights include a gross profit of $4.1 million and a net loss of $5.5 million, compared to a loss of $3.1 million in 2020. The company closed a $15 million IPO and a $10.3 million private placement, aimed at enhancing its acquisition pipeline and expanding its robotics services. For 2022, Guardforce AI anticipates net revenues between $55 million and $60 million, indicating a growth projection of over 66%.

Guardforce AI has announced its plans to expand into Dubai and Australia by establishing subsidiaries focused on Robotics as a Service (RaaS). The Australian subsidiary, GFAI Australia, was incorporated in February 2022, followed by GFAI Dubai in March 2022. The Dubai branch is set up to launch trial deployments in various sectors. Chairman Terence Yap emphasized the significance of these markets for global RaaS expansion. Guardforce AI now operates across nine key markets, enhancing its presence in a growing technological landscape.

Guardforce AI (NASDAQ:GFAI, GFAIW) has successfully closed the acquisition of Shenzhen Keweien Robot Service Co., Ltd and Guangzhou Kewei Robot Technology Co., Ltd for $10 million. The deal was finalized ahead of schedule, with 10% paid in cash and 90% in restricted shares. Both companies focus on AI robotic services for sectors such as hospitality and healthcare, enhancing operational efficiency. This acquisition is strategically positioned in the Greater Bay Area, boosting Guardforce AI's portfolio and revenue potential.