Guardforce AI Co (GFAI)
NASDAQ:GFAI
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Guardforce AI Co
(NASDAQ:GFAI)
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Rating:44Neutral
Price Target:
$0.45
▼(-22.07% Downside)
Action:ReiteratedDate:01/27/26
The score is driven primarily by weak financial performance—continued net losses and negative operating/free cash flow—despite improved gross margin and a stronger balance sheet. Technical indicators also lean bearish with price below key moving averages and negative MACD, while valuation is constrained by a negative P/E and no indicated dividend support.
Positive Factors
Improving gross margin
Gross margin expanded materially to 17.2% from 4.2%, signaling better unit economics and pricing or cost control. Sustained higher gross margins increase operating leverage potential, making profitability achievable if fixed costs and opex growth are contained over the next several quarters.
Negative Factors
Negative operating and free cash flow
Continued negative operating cash flow and shrinking free cash flow indicate the business does not yet generate cash internally. Reliance on external financing to fund operations limits long-term sustainability and could constrain growth investments if capital markets tighten.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving gross margin
Gross margin expanded materially to 17.2% from 4.2%, signaling better unit economics and pricing or cost control. Sustained higher gross margins increase operating leverage potential, making profitability achievable if fixed costs and opex growth are contained over the next several quarters.
Read all positive factors
Guardforce AI Co (GFAI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$9.45M
Dividend YieldN/A
Average Volume (3M)634.79K
Price to Earnings (P/E)―
Beta (1Y)2.02
Revenue Growth4.38%
EPS Growth74.69%
CountryUS
Employees1,698
SectorIndustrials
Sector Strength72
IndustrySecurity & Protection Services
Share Statistics
EPS (TTM)-0.03
Shares Outstanding21,023,527
10 Day Avg. Volume565,594
30 Day Avg. Volume634,789
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)0.50
Price to Sales (P/S)0.44
P/FCF Ratio-4.39
Enterprise Value/Market Cap-1.13
Enterprise Value/Revenue-0.29
Enterprise Value/Gross Profit-1.79
Enterprise Value/Ebitda4.28
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.12
Revenue Forecast (FY)$39.42M
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...
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...
Guardforce AI Co Earnings Call Summary
Earnings Call Date:Apr 28, 2025
(Q4-2024)
| % Change Since: |
Next Earnings Date:May 04, 2026
Earnings Call Sentiment Positive
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.Positive Updates
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.
Negative Updates
Ongoing Net Loss and Capital Expenditures
Despite improvements, the company still faces challenges with ongoing net losses and recurring capital expenditures.
Read all updates
Q4-2024 Updates
Positive
Negative
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.
Read all positive 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
Income Statement
45
Neutral
Balance Sheet
50
Neutral
Cash Flow
40
Negative
| 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
Negative
0.58
Price Trends
0.50
Negative
0.61
Negative
0.87
Negative
Market Momentum
-0.03
Positive
43.62
Neutral
52.24
Neutral
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 0.58 is above the 20-day moving average (MA) of 0.48, above the 50-day MA of 0.50, and below the 200-day MA of 0.87, indicating a bearish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 43.62 is Neutral, neither overbought nor oversold. The STOCH value of 52.24 is Neutral, 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.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Guardforce AI Co Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | $1.39B | 97.67 | 12.47% | ― | -2.83% | ― | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
51 Neutral | $8.87B | ― | -6.41% | ― | 79.89% | -171.81% | |
44 Neutral | $9.45M | -2.57 | -18.85% | ― | 4.38% | 74.69% | |
44 Neutral | $6.08M | -0.78 | -65.36% | ― | -1.19% | 86.72% |
* Industrials Sector Average
GFAI
Guardforce AI Co
0.45
-0.45
-50.11%
AVAV
AeroVironment
177.70
38.73
27.87%
BKYI
BIO-key International
0.56
-0.19
-25.63%
ARLO
Arlo Technologies
13.05
4.22
47.79%
IVDA
Iveda Solutions
0.26
-2.29
-89.96%
Guardforce AI Co Corporate Events
Guardforce AI Adopts Long-Term Shareholder Rights Plan to Deter Hostile Takeovers
Dec 19, 2025
On December 15, 2025, Guardforce AI Co.’s board adopted a shareholder rights plan, issuing one right for each ordinary share outstanding as of that date, with each right allowing holders to purchase a preferred share at a set price under a n...
Guardforce AI Receives Nasdaq Minimum Bid Price Compliance Warning
Dec 17, 2025
On December 17, 2025, Guardforce AI announced that it received a Nasdaq notification for non-compliance with the minimum bid price requirement set at $1.00 per share over a 30-day period from October 30 to December 11, 2025. While the deficiency d...
Guardforce AI Launches DVGO Beta 2.0 and Expands AI Operations in Thailand
Nov 20, 2025
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 Novembe...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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.