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Guardforce AI Co (GFAI) AI Stock Analysis
Guardforce AI Co
(NASDAQ:GFAI)
The score is primarily constrained by sustained operating losses and negative cash flow, with additional pressure from a strongly bearish technical trend and the absence of positive earnings-based valuation support. Improved solvency and oversold momentum indicators provide limited offsetting support.
Guardforce AI Co (GFAI) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $5.66M
- Dividend Yield
- ―
- Average Volume (3M)
- 227.99K
- Price to Earnings (P/E)
- -0.5
- Beta (1Y)
- 2.23
- Revenue Growth
- -4.57%
- EPS Growth
- 21.93%
- Country
- US
- Employees
- 1,657
- Sector
- Industrials
- Sector Strength
- 63
- Industry
- Security & Protection Services
Guardforce AI Co Business Overview & Revenue Model
Company Description
Based in Singapore and incorporated in 2018, Guardforce AI Co., Limited specializes in providing comprehensive cash management and secure currency handling services across Thailand. Their extensive portfolio encompasses secure cash transportation, ov...
How the Company Makes Money
GFAI primarily makes money through service and solution revenues. (1) Cash logistics / cash handling services: the company earns fees from providing cash-in-transit, cash management, and related cash processing/handling activities for commercial cust...
Guardforce AI Co Earnings Call Summary
The earnings call reflects a positive sentiment with several significant achievements, including the first operating profit since IPO, strong cash reserves, and substantial growth in key segments like retail. While there are challenges related to ongoing net losses and initial low margins for new AI products, the company's strategic advancements and improvements in financial metrics strongly outweigh these concerns.
Q4-2024 Updates
Positive Updates
Negative Updates
Company Guidance
During the Guardforce AI 2024 Year-End Conference Call, the company provided guidance on its strategic focus and financial performance. The company reported a revenue of $32.4 million for 2024, marking a 1.7% increase from the previous year, primarily driven by demand from retail-focused service lines in Thailand. Notably, the company achieved a historical gross profit margin of 17%, and a significant reduction in net loss by 80.1% to $5.9 million. The company's AI-centric business transition was highlighted, with a notable investment of $591,000 in research and development, a 2.5-fold increase from the prior year. The launch of DVGO, an AI-powered travel planning agent, was emphasized as a key strategic initiative expected to diversify revenue and enhance profit margins over time. The company's balance sheet remained strong, with total assets at $44.7 million, including $23.4 million in cash and cash equivalents. The leadership reiterated a focus on scaling AI solutions, improving operational efficiency, and expanding into new verticals such as travel, retail, and education.
Guardforce AI Co Financial Statement Overview
Summary
The balance sheet has improved materially through stronger equity and lower leverage, but persistent operating losses, negative margins, and consistently negative operating and free cash flow indicate weak underlying financial performance.
Income Statement
32NegativeBalance Sheet
62PositiveCash Flow
28Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 35.30M | 35.23M | 35.02M | 36.28M | 33.97M | 35.15M |
| Gross Profit | 4.40M | 5.29M | 4.93M | 1.53M | 1.23M | 2.81M |
| EBITDA | -3.40M | -2.59M | -3.39M | -23.29M | -11.35M | -207.05K |
| Net Income | -7.52M | -6.66M | -5.86M | -29.57M | -18.56M | -5.48M |
Balance Sheet | ||||||
| Total Assets | 44.26M | 49.09M | 44.69M | 45.81M | 61.34M | 42.06M |
| Cash, Cash Equivalents and Short-Term Investments | 21.33M | 24.62M | 21.94M | 20.24M | 6.93M | 14.33M |
| Total Debt | 4.04M | 4.22M | 2.61M | 6.64M | 28.41M | 24.28M |
| Total Liabilities | 13.64M | 14.99M | 12.70M | 20.66M | 42.16M | 35.48M |
| Stockholders Equity | 30.68M | 34.15M | 32.05M | 25.23M | 19.24M | 6.54M |
Cash Flow | ||||||
| Free Cash Flow | -612.30K | -1.65M | -3.63M | -3.32M | -25.01M | -4.27M |
| Operating Cash Flow | -216.25K | -1.31M | -3.33M | -1.19M | -17.37M | 979.16K |
| Investing Cash Flow | -567.03K | 231.59K | 200.39K | -2.13M | -9.41M | -5.22M |
| Financing Cash Flow | -424.76K | 3.30M | 4.71M | 17.12M | 20.94M | 10.65M |
Guardforce AI Co Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GFAI, the sentiment is Negative. The current price of 0.18 is below the 20-day moving average (MA) of 0.21, below the 50-day MA of 0.29, and below the 200-day MA of 0.42, indicating a bearish trend. The MACD of -0.03 indicates Negative momentum. The RSI at 25.37 is Positive, neither overbought nor oversold. The STOCH value of 11.83 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GFAI.
Guardforce AI Co Risk Analysis
Guardforce AI Co disclosed 59 risk factors in its most recent earnings report. Guardforce AI Co reported the most risks in the "Finance & Corporate" category.
Latest Risks Added
3 New RisksGuardforce AI Co Peers Comparison
Overall Rating
ARLO71Outperform
AVAV54Neutral
BKYI44Neutral- GFAI40Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| ARLO | 71Outperform | $1.56B | 49.03 | 21.25% | ― | 15.65% | ― |
| Sector * | 63Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
| AVAV | 54Neutral | $6.41B | -21.15 | -6.64% | ― | 84.44% | -541.91% |
| BKYI | 44Neutral | $5.49M | -0.60 | -53.82% | ― | -0.79% | 67.82% |
| GFAI | 40Underperform | $5.66M | -0.52 | -23.20% | ― | -4.57% | 21.93% |
* Industrials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| GFAI | Guardforce Ai Co., Ltd. | 0.18 | -0.66 | -78.46% | |
| AVAV | AeroVironment, Inc. | 123.08 | -242.00 | -66.29% | |
| BKYI | Bio-Key International | 2.45 | -4.50 | -64.77% | |
| ARLO | Arlo Technologies | 14.13 | -3.62 | -20.39% | |
| IVDA | Iveda Solutions | 0.22 | -0.91 | -80.80% |
Guardforce AI Co Corporate Events
Guardforce AI Calls October 27 EGM to Approve Major Capital and Dual-Class Share Restructuring
On October 2, 2026, Guardforce AI Co., Limited announced it will convene an extraordinary general meeting of shareholders on October 27, 2026 in Hong Kong, with hybrid attendance via Zoom. The meeting is called to seek shareholder approval for a swee...
Guardforce AI Files H1 2026 Unaudited Results and Updates Investors on Financial Position
Guardforce AI Co. filed a Form 6-K on September 23, 2026, furnishing unaudited interim condensed consolidated financial statements for the six months ended June 30, 2026 and 2025. The filing also updates investors by incorporating these interim resul...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Oct 22, 2026