Guardforce AI reports FY23 EPS ($4.53) vs ($14.90) last year

Reports FY23 revenue $36.28M vs $33.966M last year. Lei Wang, Chairwoman and Chief Executive Officer of Guardforce AI, stated, “2023 was another transformative year for our Company and I am pleased to report that we achieved record annual revenue of $36.3 million for the year ended December 31, 2023. Also, as a result of this increased revenue, combined with cost-cutting and efficiency measures, our gross profit increased 43% over the year ended December 31, 2022. We attained solid results and enhanced margins, even as the impact of the Covid-19 pandemic lessened, affecting higher margin sales of robots for related cleaning and temperature monitoring applications. Nevertheless, looking back at the past three years, we have not only diversified our RaaS services, but also accelerated our transition to incorporate AI solutions within our RaaS offering, especially in 2023.”