Guardforce AI Stock Price, News & Analysis

Guardforce AI (NASDAQ:GFAI, GFAIW) has initiated the rollout of enhanced features for its Intelligent Cloud Platform (ICP) powered robots in Macau. This upgrade aims to boost usability and create new revenue opportunities, especially in advertising. As of March 31, 2022, over 200 robots are deployed in Macau, showcasing customizable displays for static and multimedia ads. The expansion aligns with Macau's growing status as a destination for events, enhancing partnership prospects for the company.

Guardforce AI Co., Limited (NASDAQ:GFAI, GFAIW) reported its financial results for 2021, showing a revenue decline of 6.6% to approximately $35.2 million. Key highlights include a gross profit of $4.1 million and a net loss of $5.5 million, compared to a loss of $3.1 million in 2020. The company closed a $15 million IPO and a $10.3 million private placement, aimed at enhancing its acquisition pipeline and expanding its robotics services. For 2022, Guardforce AI anticipates net revenues between $55 million and $60 million, indicating a growth projection of over 66%.

Guardforce AI has announced its plans to expand into Dubai and Australia by establishing subsidiaries focused on Robotics as a Service (RaaS). The Australian subsidiary, GFAI Australia, was incorporated in February 2022, followed by GFAI Dubai in March 2022. The Dubai branch is set up to launch trial deployments in various sectors. Chairman Terence Yap emphasized the significance of these markets for global RaaS expansion. Guardforce AI now operates across nine key markets, enhancing its presence in a growing technological landscape.

Guardforce AI (NASDAQ:GFAI, GFAIW) has successfully closed the acquisition of Shenzhen Keweien Robot Service Co., Ltd and Guangzhou Kewei Robot Technology Co., Ltd for $10 million. The deal was finalized ahead of schedule, with 10% paid in cash and 90% in restricted shares. Both companies focus on AI robotic services for sectors such as hospitality and healthcare, enhancing operational efficiency. This acquisition is strategically positioned in the Greater Bay Area, boosting Guardforce AI's portfolio and revenue potential.

Guardforce AI Co., Limited (NASDAQ:GFAI, GFAIW) has signed a non-binding Letter of Intent to acquire eight subsidiaries from the Kewei Group in major Chinese cities. This deal, valued at approximately $30 million, will be financed with 10% cash and 90% in restricted shares. The firm will pay $3 million upfront as a deposit. The acquisition aims to enhance Guardforce's positioning in China's robotics and AI sectors. The completion is contingent on due diligence and agreement finalization expected by the end of May 2022.

Guardforce AI (NASDAQ:GFAI, GFAIW) announced it will release its full year 2021 financial results on March 30, 2022. Following the results, a conference call is scheduled for March 31, 2022, at 8:30 a.m. ET. The call will be accessible via dial-in and webcast. The company specializes in integrated security solutions and is focused on developing robotic and information security technologies.

Guardforce AI (Nasdaq: GFAI, GFAIW) received a notification letter from NASDAQ on March 9, 2022, indicating non-compliance with the minimum bid price requirement mandated by NASDAQ Listing Rule 5550(a)(2). The company failed to maintain a closing bid price of at least US$1.00 for 30 consecutive business days, specifically between January 25 and March 8, 2022. Guardforce AI has until September 6, 2022, to regain compliance by achieving a closing bid price of US$1.00 for at least 10 consecutive trading days. The company's shares will continue to trade uninterrupted on NASDAQ.

Guardforce AI Co., Limited (NASDAQ:GFAI, GFAIW) has signed a definitive agreement to acquire Shenzhen Keweien and Guangzhou Kewei for US$10 million, with 90% in restricted shares and 10% in cash. This acquisition, expected to close by end of April 2022, aims to bolster Guardforce AI's Robotics as a Service (RaaS) initiative in the rapidly growing Greater Bay Area of China. The company maintains its 2022 revenue forecast of US$55-60 million, signifying a 66% growth from 2021.

Guardforce AI has announced a strategic partnership with SBC Global Holdings to enhance its entry into the U.S. market. The agreement replaces a previously proposed acquisition and allows Guardforce AI to establish a wholly owned U.S. subsidiary. This partnership will facilitate the referral of clients exclusively to Guardforce AI, aiming for expedited market penetration of its robotic solutions. CEO Lei Wang emphasized the importance of the U.S. market, while SBC's CEO highlighted the operational efficiencies provided by autonomous robotics. Gartner projects U.S. IoT Robots revenues to reach $6.5 billion by 2028.