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NEW YORK - Guardforce AI Co., Limited (NASDAQ:GFAI), an AI-driven technology company currently trading at an attractive valuation according to InvestingPro analysis, reported a 3.6% increase in revenue to $18.2 million for the first half of 2025, according to a press release statement issued Tuesday. The company’s revenue growth aligns with analysts’ expectations of 4% growth for the full fiscal year.
The company’s Guardforce Digital Machine (GDM) segment, which automates cash handling for banking and retail clients in Thailand, grew by 18.1% to $2.2 million compared to the same period last year.
Despite revenue growth, Guardforce AI posted a net loss from continuing operations of $2.2 million, widening from a $1.9 million loss in the first half of 2024. The company attributed this to sustained investment in research and development and a decline in gross profit.
Gross profit decreased to $3.0 million from $3.2 million year-over-year, with gross profit margin contracting to 16.2% from 18.4%. Selling, general, and administrative expenses decreased by 3.2% to $4.7 million.
In April, the company launched DeepVoyage Go, an AI-powered itinerary planner for travel professionals, marking its first commercial deployment of its multi-agent AI platform.
Guardforce AI also secured multi-year contract renewals with major clients in June, including Government Savings Bank in Thailand and other financial and retail institutions.
As of June 30, the company reported cash, cash equivalents and restricted cash of $25.0 million, up from $23.4 million at the end of 2024.
Guardforce AI provides services across cash management, retail automation, robotics, and AI applications, with a strong operational presence in Thailand’s retail and banking sectors.
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