Guardforce AI reports FY24 EPS (53c) vs ($4.53) last year

Reports FY24 revenue $36.35M vs $36.28M last year. Lei Wang, Chairwoman and Chief Executive Officer of Guardforce AI (GFAI), stated, “2024 was a transformative year for us, marked by operational consolidation, a stronger revenue mix, and significant progress in AI innovation. We made strong progress in shifting our revenue mix toward higher-margin offerings, as evidenced by our increased gross profit margin in 2024. Today, we serve more than 25,000 retail stores globally, with retail steadily emerging as one of our top client segments, surpassing our traditional focus on banking. We also achieved approximately a 16.1% increase in gross profit in 2024 compared to 2023, as well as a 20.7% decrease in selling, distribution and administration expenses, due in part to carefully managing expenses through effective cost reduction strategies.”