Guardforce AI Co (GFAI) AI Stock Analysis

• Market Cap: $17.77M
• Dividend Yield: N/A
• Average Volume (3M): 634.79K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.66
• Revenue Growth: 4.38%
• EPS Growth: 74.69%
• Country: US
• Employees: 1,698
• Sector: Industrials
• Sector Strength: 72
• Industry: Security & Protection Services
• EPS (TTM): -0.03
• Shares Outstanding: 21,023,527
• 10 Day Avg. Volume: 565,594
• 30 Day Avg. Volume: 634,789
• PEG Ratio: 0.03
• Price to Book (P/B): 0.50
• Price to Sales (P/S): 0.44
• P/FCF Ratio: -4.39
• Enterprise Value/Market Cap: 0.13
• Enterprise Value/Revenue: 0.06
• Enterprise Value/Gross Profit: 0.39
• Enterprise Value/Ebitda: -0.93
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 41 Neutral
• Price Target: $1.00 ▲(29.87% Upside)

Guardforce AI Co's overall stock score is primarily impacted by its financial performance and technical analysis. The company shows some operational improvements but struggles with profitability and liquidity. The technical indicators suggest a bearish market trend, and the valuation reflects ongoing financial challenges.

Positive Factors

AI Ecosystem Expansion

The expansion into Thailand with AI Agent and RaaS operations signifies a strategic growth in GFAI's AI ecosystem, enhancing its market presence and scalability in the travel, retail, and event sectors, potentially leading to sustainable growth and long-term shareholder value.

Product Innovation

The introduction of DVGO Beta 2.0 reflects GFAI's commitment to innovation, offering AI-powered solutions that enhance efficiency for travel professionals. This positions the company as a leader in AI-driven service solutions, potentially expanding its market reach and customer base.

Leadership Stability

Renewing the CEO's consulting agreement ensures leadership continuity, which is crucial for executing strategic initiatives and maintaining operational efficiency. This stability can enhance investor confidence and support long-term strategic goals.

Negative Factors

Negative Cash Flow

Negative operating cash flow indicates challenges in generating cash from core operations, which could strain financial flexibility and necessitate reliance on external financing, posing risks to long-term financial stability if not addressed.

Profitability Challenges

Ongoing net losses and negative EBIT margins highlight difficulties in achieving profitability. This underperformance could hinder the company's ability to reinvest in growth opportunities and improve shareholder value over time.

Debt Dependency

The need to rely on financing activities to cover operational deficits suggests potential long-term financial risks. This dependency could limit strategic flexibility and increase vulnerability to market fluctuations if not managed effectively.

Guardforce AI Co Business Overview & Revenue Model

Company Description

Guardforce AI Co., Limited offers cash solutions and cash handling services in Thailand. The company's services include cash-in-transit, vehicles to banks, ATM management, cash center operations, cash processing, coin processing, and cheque center services, as well as cash deposit machine solutions, such as cash deposit management and express cash services. Its customers include local commercial banks, chain retailers, coin manufacturing mints, and government authorities. The company was incorporated in 2018 and is based in Singapore.

How the Company Makes Money

Guardforce AI Co generates revenue through multiple streams including the sale of its AI-powered security robots and systems, ongoing service contracts for maintenance and support, and subscription fees for its software platforms. The company also partners with various organizations to provide tailored security solutions, which can lead to additional revenue from joint ventures or collaborative projects. Furthermore, GFAI may benefit from government contracts and grants aimed at enhancing public safety through technology, contributing to its overall earnings.

Guardforce AI Co Financial Statement Overview

Summary

Guardforce AI Co is showing some signs of financial improvement, particularly in operational efficiency and capital structure. However, persistent net losses and negative cash flows highlight ongoing profitability and liquidity challenges. The company needs to focus on achieving sustainable revenue growth and improving cash generation to strengthen its financial position.

Income Statement

Guardforce AI Co has shown a significant improvement in gross profit margin from 4.2% in 2023 to 17.2% in 2024, showcasing enhanced operational efficiency. However, the company is struggling with negative net income and EBIT margins, indicating ongoing challenges in achieving profitability. The slight revenue growth of 0.2% from 2023 to 2024 is a positive sign but indicates limited expansion in market reach.

Balance Sheet

The debt-to-equity ratio has improved significantly from 0.26 in 2023 to 0.08 in 2024, reflecting reduced leverage and enhanced financial stability. The equity ratio improved to 71.7%, indicating a stronger capital structure. However, the return on equity remains negative due to continuous net losses, suggesting underperformance in generating shareholder value.

Cash Flow

Operating cash flow is negative, indicating challenges in generating cash from core operations. The free cash flow has decreased, showing strain on financial flexibility. The company's reliance on financing activities to cover operational deficits might pose long-term risks if not managed properly.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	36.99M	36.35M	36.28M	33.97M	34.67M	37.65M
Gross Profit	6.00M	6.26M	1.53M	1.23M	2.81M	6.11M
EBITDA	-2.50M	-3.14M	-23.29M	-11.35M	-207.04K	3.03M
Net Income	-6.25M	-5.86M	-29.57M	-18.56M	-5.48M	-3.13M
Balance Sheet
Total Assets	47.51M	44.69M	45.81M	61.34M	42.06M	36.36M
Cash, Cash Equivalents and Short-Term Investments	23.45M	21.94M	20.24M	6.93M	12.73M	8.41M
Total Debt	2.93M	2.61M	6.64M	28.41M	26.02M	26.79M
Total Liabilities	13.28M	12.70M	20.66M	42.16M	35.48M	38.47M
Stockholders Equity	34.28M	32.05M	25.23M	19.24M	6.49M	-2.16M
Cash Flow
Free Cash Flow	-3.31M	-3.63M	-3.32M	-26.84M	-5.20M	3.23M
Operating Cash Flow	-2.56M	-3.33M	-1.19M	-19.19M	52.96K	4.66M
Investing Cash Flow	-719.55K	200.39K	-2.13M	-9.41M	-5.22M	-1.43M
Financing Cash Flow	11.71M	4.71M	17.12M	20.94M	10.65M	-1.13M

Guardforce AI Co Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.77
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GFAI, the sentiment is Neutral. The current price of 0.77 is below the 20-day moving average (MA) of 0.82, below the 50-day MA of 1.00, and below the 200-day MA of 1.10, indicating a bearish trend. The MACD of -0.09 indicates Positive momentum. The RSI at 41.28 is Neutral, neither overbought nor oversold. The STOCH value of 41.84 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GFAI.

Guardforce AI Co Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
ARLO	59 Neutral	$1.52B	407.95	3.80%	―	-2.83%	―
AVAV	58 Neutral	$13.94B	―	-1.70%	―	44.04%	-129.81%
BKYI	47 Neutral	$8.91M	―	-143.60%	―	-1.19%	86.72%
GFAI	41 Neutral	$17.77M	-1.87	-21.54%	―	4.38%	74.69%
DGLY	41 Neutral	$3.15M	―	-233.66%	―	-9.62%	95.79%

Guardforce AI Co Corporate Events

Guardforce AI Launches DVGO Beta 2.0 and Expands AI Operations in Thailand

Guardforce AI Co., Ltd. announced significant advancements in its AI-first strategy with the launch of DVGO Beta 2.0 on November 5, 2025, and the upcoming rollout of its AI Agent platform and Robotics-as-a-Service operations in Thailand on November 13, 2025. These developments mark major milestones in unifying its human-centered AI ecosystem, aiming to empower travel professionals and enhance service precision. The DVGO Beta 2.0 serves as an AI-powered copilot for travel advisors, integrating seamlessly into workflows and reducing planning time significantly. The company’s initiatives reflect its commitment to delivering intelligent, human-centered AI solutions that transform real-world industries, with implications for expanding within the travel and consumer ecosystems.

Guardforce AI Renews CEO Consulting Agreement with Lei Wang

Guardforce AI Co., Limited announced the renewal of a consulting agreement with Lei Wang as CEO, effective September 1, 2025. The agreement, approved on September 15, 2025, outlines Wang’s responsibilities in overseeing operations, strategy, and risk management, with a compensation package including cash, equity, and allowances. This move is expected to strengthen the company’s leadership and strategic direction, impacting its operational efficiency and market positioning.

Guardforce AI Reports Positive Financial Results for First Half of 2025

Guardforce AI Co., Limited has released its unaudited consolidated financial statements for the six months ending June 30, 2025, revealing a positive adjusted net income for the first half of the year. This financial performance marks a significant milestone for the company, potentially strengthening its market position and providing positive implications for its stakeholders.