Guardforce AI Reports Positive Adjusted Net Income for the First Half of 2024
Guardforce AI Co., Limited (GFAI)
Company Research
Source: GlobeNewswire
Gross profit increased 50% in H1 2024 compared to H1 2023 Establishing a strong AI technology foundation for solution development in travel and retail NEW YORK, Sept. 24, 2024 (GLOBE NEWSWIRE) -- Guardforce AI Co., Limited (“Guardforce AI” or the “Company”) (NASDAQ: GFAI, GFAIW), an integrated security, AI and Robot-as-a-Service (RaaS) provider, today announced financial results and provided a business update for the first half of 2024 (H1 2024) ended June 30, 2024. H1 Financial Highlights Gross profit increased by approximately 50% in H1 2024 compared to H1 2023, driven in part by an improvement in gross profit margin, which increased to approximately 18.4% in H1 2024, compared to approximately 12.0% in H1 2023Adjusted net income (Non-IFRS) was approximately $0.1 million in H1 2024 compared to an adjusted net loss of approximately $1.8 million in H1 2023Selling, distribution, and administrative expenses was approximately $5.0 million for H1 2024, a 25.7% decreas
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News
- Guardforce AI Co., Limited (NASDAQ: GFAI) was upgraded by analysts at EF Hutton Acquisition Co. I to a "strong-buy" rating.MarketBeat
- Guardforce AI First Half 2024 Earnings: US$0.19 loss per share (vs US$4.35 loss in 1H 2023) [Yahoo! Finance]Yahoo! Finance
- Guardforce AI to Present at the H.C. Wainwright 26th Annual Global Investment Conference on September 10thGlobeNewswire
GFAI
Sec Filings
- 9/30/24 - Form 6-K
- 9/25/24 - Form 6-K
- 9/13/24 - Form 6-K
- GFAI's page on the SEC website