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Guardforce Ai Co - GFAIW STOCK NEWS

Welcome to our dedicated page for Guardforce Ai Co news (Ticker: GFAIW), a resource for investors and traders seeking the latest updates and insights on Guardforce Ai Co stock.

Guardforce AI Co (GFAIW) delivers cutting-edge robotic security solutions and comprehensive cash logistics services across Asia Pacific. This news hub provides investors with essential updates spanning both technological innovations and financial operations.

Access official press releases covering new product launches, strategic partnerships, and operational milestones. Track developments in thermal imaging robotics, cash handling systems, and expansion into retail/hospitality sectors. Our curated updates ensure timely awareness of earnings reports, leadership changes, and service enhancements.

Key focus areas include AI-driven security robots for commercial environments, ATM management solutions in Thailand, and RaaS (Robot-as-a-Service) deployments. Content is vetted for relevance to shareholder interests and market positioning.

Bookmark this page for consolidated access to Guardforce AI's financial disclosures, technology patents, and cross-industry contract announcements. Stay informed about this dual-sector innovator through verified updates maintained by Stock Titan's editorial team.

Rhea-AI Summary

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.

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Guardforce AI Co., (NASDAQ:GFAI) will present at the Planet MicroCap Showcase: VEGAS 2024 on May 1, 2024. Lei (Olivia) Wang, Chairwoman and CEO, will participate in one-on-one investor meetings. The event will be held at the Paris Hotel & Casino in Las Vegas, NV.
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Guardforce AI Co., Limited (NASDAQ: GFAI, GFAIW) has appointed Ms. Yuting (Catherine) Zuo as Chief Financial Officer, effective immediately, while Mr. Yuheng (Brian) Ma has resigned from his position as CFO. Ms. Zuo has over a decade of experience in corporate finance, accounting, SEC reporting, and working with U.S. listed companies. She brings a strong background in regulatory matters and capital markets, as well as experience in M&A activities. The company expressed excitement about her joining the leadership team and her potential to drive the development of the AI business. Guardforce AI also thanked Mr. Ma for his service and wished him success in his future endeavors.
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Guardforce AI completes debt-to-equity conversion, improving balance sheet
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Guardforce AI's subsidiary, GFCS, secures a three-year contract with a leading Japanese retailer for its end-to-end cash management solutions in Thailand.
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Guardforce AI announces agreement to convert $15.91 million of debt and accrued interest into ordinary shares at $5.40 per share, enhancing balance sheet. Revenue increased 8.7% to $18.4 million for 1H 2023. Gross profit increased to $2.5 million. Operating loss was $11.9 million for 1H 2023. Adjusted net loss was $2.40 million. Company had $26.0 million of cash and cash equivalents as of June 30, 2023.
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Guardforce AI subsidiary, GFCS, secures two-year contract for end-to-end cash management solutions in Thailand, strengthening company's position. Contract includes GDM service to enhance client's safety and efficiency. Company aims to expand into other sectors like robotics.
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Guardforce AI partners with Concorde Security to launch a new robotic security solution in Singapore. The solution includes a concierge robot with an access control module and a disinfection robot equipped with a state-of-the-art software security system. The overall solution aims to provide convenient and efficient automation for hotels and other industries. Guardforce AI plans to launch the solution in Q4 2023.
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Guardforce AI has closed its underwritten public offering, raising approximately $13.8 million in gross proceeds. The offering consisted of 2,580,600 ordinary shares at a price of $4.65 per share. The underwriters exercised their over-allotment option in full, adding an additional 387,090 ordinary shares.
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Guardforce AI announces pricing of underwritten public offering, expecting to raise $12.0 million
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