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Concorde International Group Reports 11% Year-over-Year Revenue Growth to $6.0 million for H1 of 2025
Globenewswire· 2025-09-29 20:30
Core Insights - Concorde International Group Ltd. reported a strong financial performance for the first half of 2025, with revenue increasing approximately 11% year-over-year to $6.0 million and gross profit growing 30% to $1.9 million [3][4] - The gross margin improved significantly, rising by 450 basis points to 31.5% compared to 27.0% in the same period last year [3][7] - The company anticipates continued growth in the second half of the year, driven by the deployment of high-margin recurring revenue services [3] Financial Performance - Revenue for H1 2025 was approximately $6.0 million, up from $5.4 million in H1 2024, marking an 11% increase [4][7] - Gross profit for H1 2025 reached $1.9 million, compared to approximately $1.5 million in H1 2024, reflecting a 30% increase [4][7] - Operating loss was approximately $2.5 million in H1 2025, a significant improvement from an operating loss of approximately $83.3 million in H1 2024, which was affected by a one-time share-based compensation expense [5] Strategic Initiatives - The company plans to expand internationally into Malaysia, Australia, and North America through partnerships with local providers to meet rising labor costs and demand for tech-enabled solutions [3] - The recent acquisition of Software Risk's assets is expected to enhance Concorde's technology portfolio with a cloud-based platform that improves productivity and reduces costs [3] Cash Position - As of June 30, 2025, the company had cash and cash equivalents of approximately $2.4 million, an increase from $1.0 million at the end of 2024 [5]
Concorde International Group Reports Full-Year 2024 Financial Results and Provides Business Update
Globenewswire· 2025-05-16 12:00
Core Insights - Concorde International Group Ltd. reported a gross profit increase of 20.8% in 2024 compared to 2023, reaching approximately $3.6 million [1][4][7] - The company completed its IPO on April 22, 2025, raising gross proceeds of $5.75 million, which will support its growth strategy [3][5][7] Financial Performance - Revenue for 2024 was approximately $10.5 million, a slight decrease of 1.5% from $10.7 million in 2023 [4][7] - Operating loss for 2024 was approximately $83.6 million, significantly impacted by a one-time, non-cash share-based compensation expense of $83.2 million [5][13] - The gross profit margin improved to approximately 34.5% in 2024 from 28.1% in 2023 [7] Business Strategy - The company aims to scale its high-margin recurring revenue through the deployment of its I-Guarding services, which can service multiple locations with minimal additional costs [3][4] - Plans for international expansion over the next 24 months include targeting Malaysia, Australia, and North America through partnerships with local security providers [3][4] Technological Advancements - Concorde's offerings include patented technologies such as the I-Man Facility Sprinter and the Intelligent Facility Authenticator, which enhance security and operational efficiency [3][8] - The company has four granted global patents supporting its innovative security solutions [3]
Guardforce AI to Host Year-End 2024 Financial Results Conference Call on Monday, April 28th at 8:30 A.M. ET
Globenewswire· 2025-04-25 12:00
Core Viewpoint - Guardforce AI Co., Limited will host a conference call on April 28, 2025, to discuss its financial results for the year ended December 31, 2024, along with updates on corporate progress and developments [1]. Group 1: Conference Call Details - The conference call is scheduled for 8:30 a.m. Eastern Time on April 28, 2025 [1]. - U.S. callers can dial toll-free 888-506-0062, while international callers can reach the call at 973-528-0011, using access code 436086 [2]. - A webcast of the call will be available on the Company's Investor Relations section of its website [2]. Group 2: Investor Engagement - Investors and interested parties are encouraged to submit questions to management via email before the call [3]. - A replay of the webcast will be accessible through April 26, 2026, on the Company's Investor Relations website [4]. - A telephone replay will be available approximately one hour after the call, accessible until May 12, 2025 [4]. Group 3: Company Overview - Guardforce AI Co., Ltd. is a global security solutions provider, focusing on secured logistics, AI, and Robot-as-a-Service (RaaS) [5]. - The company has over 40 years of professional experience and is expanding its RaaS solutions to improve operational efficiency, particularly in the Asia Pacific region [5].