DeepVoyage Go (DVGO)
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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]
Guardforce AI Launches DVGO, an AI Travel Planning Tool Powered by Specialized AI Agents, in the United States
Globenewswire· 2025-04-01 12:10
Core Insights - Guardforce AI Co., Limited has launched a beta version of DeepVoyage Go (DVGO), an AI-powered travel planning tool that aims to revolutionize the travel industry by significantly reducing planning time and enhancing personalization [1][2][4] Company Overview - Guardforce AI is a global integrated security provider specializing in secured logistics, AI, and Robot-as-a-Service (RaaS), with over 40 years of experience and a strong customer base [5] Product Features - DVGO utilizes task-specific AI agents that mimic the expertise of professional travel advisors, cutting down planning time from days to hours while providing high-quality itineraries [2] - The tool is designed for both travel professionals and individual users, with a phased rollout that includes in-depth travel needs analysis and AI-powered communication [3] Market Strategy - The initial launch of DVGO targets the U.S. market, with plans for expansion into the Asia-Pacific region [3] - The product is currently available by invitation only, featuring a three-day free trial before transitioning to a subscription model [3] Leadership Perspective - The Chairwoman and CEO of Guardforce AI emphasized the transformative potential of AI agents in commercial applications, highlighting the company's commitment to integrating AI into practical productivity tools [4]