Welcome to our dedicated page for Guardforce AI news (Ticker: GFAI), a resource for investors and traders seeking the latest updates and insights on Guardforce AI stock.
Guardforce AI (GFAI) combines robotic AI innovation with secure cash logistics solutions across Asia Pacific markets. This news hub provides investors and industry observers with essential updates about the company's strategic developments and operational milestones.
Access official press releases detailing robotic security system deployments, cash handling service expansions, and technology partnerships. Our curated collection includes earnings announcements, management updates, and market entry developments relevant to healthcare, retail, and banking sectors.
Key updates cover advancements in Robot-as-a-Service (RaaS) offerings, ATM network enhancements, and research collaborations with academic institutions. Stay informed about operational achievements across GFAI's manufacturing facilities and regional service centers.
Bookmark this page for streamlined access to verified information about Guardforce AI's integrated security solutions. Check regularly for insights into how the company addresses evolving challenges in smart robotics and financial transaction security.
Guardforce AI has announced that its subsidiary, Guardforce Cash Solutions Security (Thailand), secured a 5-year contract to operate a Consolidated Cash Center (CCC) in Chiangmai for the Bank of Thailand (BOT). This contract, beginning at the end of 2024, makes GFCS the largest CCC operator for BOT, covering 50% of BOT's CCCs and extending services to 44 provinces and about 1,900 ATMs. CEO Lei (Olivia) Wang highlighted that this contract enhances operational efficiency and allows facility upgrades without additional investments. Guardforce AI aims to expand its retail base in Thailand, currently serving around 7,000 retail locations.
Guardforce AI (NASDAQ: GFAI, GFAIW) announces the launch of 'LinguaBot,' an AI robotic solution developed in partnership with Thailand-based iApp Technology. LinguaBot aims to enhance chatbot services for concierge applications, integrating advanced generative AI tailored for the Thai language. Guardforce AI will unveil this and two more robotic solutions, 'Barism' and 'Wish Note,' at a product launch event on May 17, 2024, in Bangkok. Barism targets bars and pubs with digitized services, while Wish Note focuses on event planning. The collaboration highlights Guardforce AI’s commitment to localized, AI-driven solutions in the travel and retail sectors.
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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