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GFAI · NASDAQ · Security & Protection Services

Guardforce AI (GFAI)

Secure cash logistics and retail automation with robot and AI services.

$0.3879
Pre-market+0.00 (+0.67%)
At close$0.3853(−0.57%)
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Guardforce AI Co., LimitedGFAIIndustrials

Provides secure cash logistics and retail cash automation in Thailand, while adding RaaS, cloud robot management, general security, and an AI travel-planning agent. Most revenue and cash flow come from the Thai cash-handling operation, which is its distribution base for technology services.

Runs Secure Logistics in Thailand, moving, processing, storing, and managing cash while providing ATM support, outsourced cash centers, remote deposit machines, and retail cash-processing services. Long-standing Thai service relationships, branch coverage, banking ties, and retail distribution underpin most revenue and cash flow.

Extends that base through General Security, robot-as-a-service subscriptions, the Intelligent Cloud Platform, and DVGO, an AI travel-planning agent. RaaS combines robot integration, maintenance, and operating support; the platform links devices, assigns work, and monitors performance. Technology activities remain smaller than Secure Logistics, and products combine internal systems with licensed foundation models and open-source components. The group is a Cayman foreign private issuer listed on Nasdaq.

Company facts

CEOLei (Olivia) Wang
ListedSep 29, 2021
ExchangeNASDAQ
HeadquartersSingapore, Singapore
CountrySingapore
Employees1,657
CIK0001804469
ISINKYG4236L1389

Market cap$8.4M
EPS (ttm)−$0.3738
P/E (ttm)−1.02
ROE-19.5%
P/B0.1988
P/S0.2372
Dividend yieldDiv yield
Beta2.57vs XLI −0.67

No analyst consensus on record.

Next report
Sep 29, 2026
in 26 days
EPS estimate
Revenue estimate
$17.0M
Fiscal quarter
Q4 FY24

EPSReportedEstimate

Feb '22Jun '22Apr '23Oct '23Apr '24Sep '24Apr '25Sep '26
Reported−$7.41−$7.16−$7.81−$4.35−$1.60−$0.18−$0.36Pending
Estimate−$2.80−$2.89−$1.70−$0.13
Surprise−178.9%−50.6%+5.7%−176.8%

RevenueReportedEstimate

Feb '22Jun '22Apr '23Oct '23Apr '24Sep '24Apr '25Sep '26
Reported$16.7M$16.9M$17.5M$18.4M$17.9M$17.6M$18.8MPending
Estimate$35.3M$28.2M$38.4M$18.1M$17.0M
Surprise−50.4%−34.7%−53.4%+3.7%
Estimate
ReportedDue Sep 29, 2026
Estimate$17.0M
ReportedDue Sep 29, 2026
View details

Debt to equity12.40%
Current ratio531.60%

ProfitabilityRevenueNet incomeNet margin

Q2 FY22Q4 FY22Q2 FY23Q4 FY23Q2 FY24Q4 FY24Q2 FY25Q4 FY25
Revenue$16.9M$17.5M$18.4M$17.9M$17.6M$12.0M$18.2M$17.0M
Net income−$6.3M−$12.3M−$13.8M−$15.8M−$1.8M−$4.0M−$2.2M−$4.4M
Net margin0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

GrowthOperating income

Q2 FY22Q4 FY22Q2 FY23Q4 FY23Q2 FY24Q4 FY24Q2 FY25Q4 FY25
Operating income−$5.5M−$6.9M−$9.0M−$10.6M−$2.1M−$4.6M−$2.5M−$3.4M
YoY growth

Balance sheet, Dec 31, 2025Cash & short-term investments $24.6M · Total debt $4.2M · Total assets $49.1M · Shareholders' equity $34.2M

Revenue
$17.0M
Operating income
−$3.4M
Net income
−$4.4M
View details

No dividends on record.

Institutions16 holders · as of Mar 31, 20265.71%1.25M ADS
Insiders5 holders · as of Mar 17, 20266.88%1.51M ADS
Otherremainder87.41%19.16M ADS

21.92M ADS as of Aug 21, 2026 · institutions as of Mar 31, 2026 · holders as of their latest filing

The share count is from the company's Dec 2022 annual report; nothing newer is on file here.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesEvidence
Lei Wang1Insiderdirector, officer: Chief Executive Officer
5.02%1.10M ordinary13Dfiled Jun 11, 2025
UBS Group AGInstitution
2.78%610,064 ADS13Fas of Mar 31, 2026
Renaissance Technologies LLCInstitution
1.80%395,200 ADS13Fas of Mar 31, 2026
Yuting ZuoInsiderofficer: Chief Financial Officer
0.76%166,500 ordinaryForm 4filed Mar 17, 2026
John IV FletcherInsiderdirector
0.37%80,250 ordinaryForm 4filed Mar 17, 2026
See all 24
  1. Lei Wang's own ownership statement (13D, Jun 11, 2025) reports fewer shares than the transaction reports; the statement is used.

13F — a manager's quarterly holdings · 13D/13G — an ownership statement filed at 5% or more · Form 4 — an insider's transaction report

Insider tradesForm 4

Nothing filed in the last 12 months.

View details

  • Brink's

    Cash-in-transit and cash management overlap in bank and retail accounts.

  • Richtech Robotics

    Hospitality service robots and subscriptions overlap in RaaS deployments.

  • Knightscope

    Security-automation subscriptions overlap in robotic security services.

ComparePre-market

CompanyPriceChange
Guardforce AI$0.3879+0.67%$8.4M0.2
Brink's$107.47−0.03%$4.43B24.911.10.8+7.0%
Richtech Robotics$1.86+0.73%$339.8M62.2+16.7%
Knightscope$1.34+0.75%$26.6M1.3+227.4%
Median24.911.11.3+16.7%