First Operating Profit Since IPO
The company recorded its first operating profit since its IPO, which is a significant milestone following the challenges of the pandemic.
Strong Cash Position
The company has approximately $23.4 million in cash, cash equivalents, and restricted cash, positioning it well to accelerate AI solution strategies.
Robust Revenue Growth in Retail Segment
Revenue from the Secure Logistics business increased by $544,000 or 1.7%, with the Guardforce Digital Machine experiencing a remarkable year-over-year growth of $1.1 million or 39.5%.
Significant Gross Profit Increase
Gross profits increased by $866,000 or 16.1% year-over-year, reaching $6.3 million.
Reduction in Net Loss
Net loss from continuing operations narrowed down to negative $5.9 million, representing a year-over-year reduction of 80.1%.
AI Innovation and Product Launch
Launched DVGO, an AI-powered travel planning agent, marking a significant step in AI innovation and consumer-facing applications.