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Guardforce AI Board Approves Program To Repurchase Upto $5 Mln Of Shares, Stock Up In Pre-Market
RTTNews· 2026-02-20 13:50
Group 1 - The company, Guardforce AI Co., Limited (GFAI), has announced a share repurchase program to buy back up to $5 million of its outstanding ordinary shares [1] - The share repurchase program is effective immediately and will last for up to one year, aimed at enhancing long-term value through disciplined capital allocation [1] - The company believes its current market valuation does not fully reflect its intrinsic value, particularly the strength of its legacy secured logistics and the long-term potential of its AI business [2] Group 2 - In pre-market trading, GFAI shares are priced at $0.5599, reflecting an increase of 27.91 percent on the Nasdaq [2]
Guardforce AI Announces Share Repurchase Program
Globenewswire· 2026-02-20 13:30
Core Viewpoint - Guardforce AI Co., Limited has announced a Share Repurchase Program to buy back up to $5 million of its outstanding ordinary shares, reflecting the company's belief that its current market valuation does not fully represent its intrinsic value [1][2]. Group 1: Share Repurchase Program - The Share Repurchase Program is effective immediately and will last for up to one year [2]. - The program aims to enhance long-term value through disciplined capital allocation, leveraging the strength of its secured logistics business and the potential of its AI business [2]. - The company may repurchase shares through various means, including open market transactions and block trades, depending on market conditions and other factors [3][4]. Group 2: Company Fundamentals - The Chairwoman and CEO of Guardforce AI, Lei Wang, expressed confidence in the company's fundamentals, emphasizing a foundation of real revenue and operational discipline [3]. - The company is focused on building its future around its AI Agent platform, which is expected to provide compelling long-term value at current market levels [3]. - Guardforce AI operates in the cash logistics and retail sectors, utilizing its Intelligent Cloud Platform to deliver innovative AI solutions [5].
Guardforce AI Signs Non-binding Letter of Intent to Acquire Leading AI-Powered Speech Therapy and Development Platform
Globenewswire· 2026-02-09 13:30
NEW YORK, NY, Feb. 09, 2026 (GLOBE NEWSWIRE) -- Guardforce AI Co., Limited (“Guardforce AI” or the “Company”) (NASDAQ: GFAI, GFAIW), an AI-driven technology company providing Agentic AI, smart solutions in automation, robotics, and secured logistics, today announced it has entered into a non-binding Letter of Intent (LOI) to acquire 100% of the issued and outstanding share capital of MGAI Limited (“MGAI”), a pioneer in AI-driven solutions for speech therapy and development management and rehabilitation serv ...
Guardforce AI Announces Receipt of Nasdaq Minimum Bid Price Deficiency Notification Letter
Globenewswire· 2025-12-17 21:30
Core Viewpoint - Guardforce AI Co., Limited has received a notification from NASDAQ regarding non-compliance with the minimum bid price requirement, necessitating actions to regain compliance by June 10, 2026 [1][2]. Group 1: Compliance Notification - The Company was notified on December 12, 2025, that it is not in compliance with NASDAQ Listing Rule 5550(a)(2), which requires a minimum bid price of US$1.00 per share [1]. - The Company has 180 calendar days, until June 10, 2026, to regain compliance by maintaining a closing bid price of at least US$1.00 for a minimum of 10 consecutive trading days [2]. Group 2: Current Trading Status - The receipt of the Notification Letter does not immediately affect the trading status of the Company's ordinary shares, which will continue to trade on NASDAQ under the ticker "GFAI" [3]. Group 3: Company Response - The Company plans to continuously monitor its closing bid price and is considering various measures to improve its financial position and operational results to address the compliance issue [4]. Group 4: Company Overview - Guardforce AI is an AI-driven technology company focused on automation, robotics, and secured logistics, with a strong operational foundation in cash logistics and retail sectors [5]. - The Company utilizes its Intelligent Cloud Platform (ICP) to deliver innovative solutions in cash management, retail automation, and Agentic AI, while also expanding into travel planning [5].
Guardforce AI Announces Receipt of Nasdaq Minimum Bid Price Deficiency Notification Letter
Benzinga· 2025-12-17 21:30
Core Viewpoint - Guardforce AI Co., Limited has received a notification from NASDAQ regarding non-compliance with the minimum bid price requirement, which necessitates a closing bid price of at least US$1.00 per share for continued listing [1][2]. Group 1: Compliance Notification - The notification letter from NASDAQ indicates that Guardforce AI has not maintained the required minimum bid price for 30 consecutive business days [1]. - The company has until June 10, 2026, to regain compliance by achieving a closing bid price of at least US$1.00 for a minimum of 10 consecutive trading days [2]. Group 2: Current Trading Status - The receipt of the notification letter does not immediately affect the trading status of Guardforce AI's ordinary shares, which will continue to trade on NASDAQ under the ticker "GFAI" [3]. Group 3: Company Response - To address the compliance issue, the company plans to monitor its closing bid price continuously and is considering various measures to improve its financial position and operational results [4]. Group 4: Company Overview - Guardforce AI is an AI-driven technology company focused on automation, robotics, and secured logistics, with a strong operational foundation in cash logistics and retail sectors [5]. - The company utilizes its Intelligent Cloud Platform (ICP) to deliver innovative solutions in cash management, retail automation, and Agentic AI, while also expanding into travel planning [5].
Guardforce AI Accelerates AI Agent Commercialization with Robotic Integration in Thailand
Globenewswire· 2025-11-13 13:00
Core Insights - Guardforce AI is launching its AI Agent platform and Robotics-as-a-Service (RaaS) operations in Thailand, marking a significant step in creating a unified human-centered AI ecosystem [1][2] - The company's RaaS solution, Wishnote, has contracted nearly 100 events, enhancing its role in the tourism and event recovery in Thailand [2] - The integration of Wishnote with the newly launched AI-powered travel assistant, DVGO, allows for real-time data exchange and adaptive learning, furthering the company's vision of a data-driven AI ecosystem [2][3] Company Overview - Guardforce AI is an AI-driven technology company with a strong foundation in cash logistics and retail sectors, utilizing its Intelligent Cloud Platform (ICP) to deliver advanced smart solutions [4] - The company is expanding into travel planning, showcasing how scalable AI can transform industries while balancing stable revenues with high-growth innovations [4]
Guardforce AI Advances Its AI-first Strategy with the Launch of DVGO Beta 2.0, Bringing AI Agent into Real-World Applications
Globenewswire· 2025-11-05 13:00
Core Insights - Guardforce AI has launched DVGO Beta 2.0, marking a significant step in its AI-driven product strategy and marketing expansion [1][5] - DVGO is designed as an AI-powered assistant for travel advisors, enhancing their workflow and enabling more efficient travel planning [2][3] Product Features - DVGO Beta 2.0 offers improved AI orchestration, generating intelligent recommendations and interpreting client preferences, which reduces travel planning time from days to minutes [3] - The platform allows for real-time synchronization between travel advisors and clients, utilizing natural conversation and interactive map visualization [3] Strategic Initiatives - The company is initiating an Ambassador Program to recruit 50 travel advisors as early adopters, aiming to refine the platform through user feedback [4] - This initiative underscores the company's commitment to developing user-informed AI applications that evolve through collaboration [4] Company Overview - Guardforce AI operates in cash logistics and retail sectors, leveraging its Intelligent Cloud Platform to deliver smart solutions across various applications, including travel planning [6] - The company aims to balance stable revenues with high-growth innovations, demonstrating the scalability of AI in transforming industries [6]
Guardforce AI(GFAI) - 2025 Q2 - Quarterly Report
2025-09-23 12:30
Revenue and Profitability - Total revenue for the six months ended June 30, 2025, was $18,207,186, representing an increase of 3.6% compared to $17,566,844 for the same period in 2024[6] - Gross profit decreased to $2,954,963, down 8.8% from $3,239,750 in the prior year[6] - The revenue from the Secured Logistics segment was $17,060,535, up from $15,761,944 in 2024, indicating an increase of approximately 8.2%[47] - The company experienced an operating loss from continuing operations of $2,480,761 for the six months ended June 30, 2025, compared to a loss of $2,081,862 in 2024, reflecting a deterioration of about 19.2%[48] - The net loss attributable to equity holders of the company for the period was $2,236,077, compared to a loss of $1,847,594 in the previous year, representing an increase in loss of approximately 21%[48] Cash Flow and Financing - The company generated cash flows from operating activities resulting in a net cash used of $1,041,097 for the six months ended June 30, 2025, compared to $1,925,785 for the same period in 2024, reflecting a decrease in cash outflow of approximately 46%[14] - The company recorded a net cash generated from financing activities of $2,568,698 for the six months ended June 30, 2025, compared to a net cash used of $4,435,057 in the same period of 2024[14] - The company issued 2.6 million ordinary shares through the at-the-market offering, generating gross proceeds of $3.7 million during the six months ended June 30, 2025[20] - The company issued 2,554,886 Ordinary Shares during the six months ended June 30, 2025, raising gross proceeds of $3,742,326 at an average price of $1.46 per share[36] - The Company issued 2,086,913 Ordinary Shares for gross proceeds of $2,607,126 from July 1, 2025, to September 23, 2025, at an average price of $1.25 per share[54] Assets and Liabilities - Total assets increased to $47,508,660 as of June 30, 2025, up from $44,692,419 as of December 31, 2024, marking a growth of 4.1%[4] - Total liabilities rose to $13,284,096, an increase of 4.6% from $12,703,151 at the end of 2024[4] - Cash and cash equivalents increased to $23,452,268, up from $21,936,422, indicating a growth of 6.9%[4] - As of June 30, 2025, the company reported cash, cash equivalents, and restricted cash totaling $24,976,482, an increase from $23,396,802 as of December 31, 2024, representing a growth of approximately 6.7%[32] - Secured Logistics segment assets rose to $23,740,122 in June 2025, up from $21,448,136 in December 2024, reflecting an increase of about 10.7%[49] Expenses - Research and Development expenses significantly increased to $522,503, compared to $106,835 in the previous year, reflecting a rise of 388.5%[6] - The company reported depreciation and amortization expenses of $1,700,784 for the six months ended June 30, 2025, compared to $1,556,922 for the same period in 2024, representing an increase of approximately 9.2%[14] - Staff expenses decreased to $2,722,106 for the six months ended June 30, 2025, down from $3,180,497 in 2024, a reduction of about 14.4%[40] - The company incurred stock-based compensation expenses of $149,595 for the six months ended June 30, 2025, compared to $172,655 for the same period in 2024, indicating a decrease of approximately 13.3%[14] Comprehensive Loss - Net loss for the period was $2,227,122, compared to a net loss of $1,838,427 in the same period of 2024, reflecting an increase in losses of approximately 21.2%[9] - Total comprehensive loss for the period was $1,507,305, an improvement from a total comprehensive loss of $2,614,125 in the prior year[9] Shareholder Information - The number of shares used in the computation of loss per share increased to 19,996,747 from 9,991,600, indicating a significant increase in share count[6] - The company reported a basic and diluted loss per share of $0.11 for the six months ended June 30, 2025, compared to $0.18 for the same period in 2024[6] Legal and Regulatory Compliance - The legal reserve requirement of $223,500 was met as of June 30, 2025, in compliance with Thai regulations[41] - The company did not accrue any legal reserve for the six months ended June 30, 2025, under PRC laws[42] Other Information - The accumulated deficit as of June 30, 2025, was $66.4 million, reflecting the ongoing financial challenges faced by the company[20] - The company did not recognize any impairment loss related to intangible assets for the six months ended June 30, 2025[33] - There were no material subsequent events requiring disclosure or adjustment to the financial statements[53]
Guardforce AI Reports Interim Financial Results for the First Half of 2025, and Provides Business Update
Globenewswire· 2025-09-23 12:30
Core Insights - Guardforce AI Co., Limited is advancing its AI-first transformation strategy, focusing on the development of a multi-agent AI platform and the commercialization of smart solutions in Thailand's retail and banking sectors [2][4]. Financial Performance - For the first half of 2025, revenue increased by approximately $0.6 million, or 3.6%, to approximately $18.2 million compared to the same period in 2024 [5]. - Gross profit decreased to approximately $3.0 million for 1H 2025, down from approximately $3.2 million for 1H 2024, resulting in a gross profit margin decrease to 16.2% from 18.4% [5]. - Selling, general, and administrative expenses decreased to approximately $4.7 million, a 3.2% decrease from approximately $4.9 million in 1H 2024 [6]. - The net loss from continuing operations was $2.2 million for 1H 2025, compared to a net loss of $1.9 million for the same period in 2024 [8]. Business Developments - The company launched DeepVoyage Go (DVGO) on April 1, 2025, an AI-powered itinerary planner for travel professionals, marking the first commercial deployment of its multi-agent AI platform [6]. - Revenue from Guardforce Digital Machine (GDM) grew by $0.3 million, or 18.1%, to $2.2 million in 1H 2025, reflecting increased adoption among banking and retail clients in Thailand [6]. - The company secured multi-year contract renewals with major clients, including Government Savings Bank (Thailand) and other top-tier financial and retail institutions [7]. Operational Highlights - Guardforce AI maintained its market-leading position in Thailand in secured logistics and cash management, supported by strong contract renewals and a resilient operational network [3]. - The company is diversifying its client mix, with retail clients contributing a growing share of overall revenue, currently making up approximately two-thirds of its top 15 clients [7]. Cash Position - As of June 30, 2025, the company had cash, cash equivalents, and restricted cash of approximately $25.0 million, compared to $23.4 million as of December 31, 2024 [8].
Guardforce AI Implements Smart Solutions and AI Applications in Thailand
GlobeNewswire News Room· 2025-07-28 12:00
Core Insights - Guardforce AI Co., Limited has successfully launched its smart solutions and AI applications during a rebranding event in Bangkok, Thailand, showcasing its commitment to advancing AI-driven services [1][2] Group 1: Company Developments - The rebranding event introduced a refreshed brand identity and an expanded business portfolio, featuring two updated solutions: Smart Cash Solution and Smart Retail Solution [2] - The Smart Cash Solution aims to automate back-office cash management, enhancing cash handling processes and accuracy, while the Smart Retail Solution provides functionalities like customer flow analysis and inventory management for various retail environments [3] Group 2: Strategic Vision - The Chairwoman and CEO of Guardforce AI emphasized the company's capability to integrate AI solutions that address real-world business challenges, highlighting the launch of the AI agent implementation in travel, DeepVoyage Go (DVGO) [4] - DVGO is designed to empower travel advisors with personalized solutions, enhancing sales and marketing effectiveness and operational efficiency, supporting the company's mission to expand recurring revenue streams through tech-enabled services [4] Group 3: Company Background - Guardforce AI specializes in security solutions, focusing on AI and robotics to improve operational efficiency and sales processes, particularly in the retail and travel sectors across the Asia Pacific [5] - The company leverages 42 years of operational experience and a strong customer base to elevate tailored AI solutions and expand globally [5]