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Tag: GFAI

  • Guardforce AI Co. Ltd. (GFAI) Advances Further on Initial Robotics Solutions Rollout in U.S.

    Yesterday, the robotics solutions provider, Guardforce AI Co. Ltd. (GFAI) announced the initial rollout of its robotics solutions in the U.S. Consequently, the stock soared high and has continued its uptrend into today’s premarket, April 22, 2022.

    Source: Twitter

    At the last check, GFAI had increased by 8.98% to reach a value of $0.8421 apiece in the premarket. This follows an upsurge of 18.31% in yesterday’s trading which valued the stock at $0.7727 a share.

    GFAI’s U.S. Rollout

    The robotics solutions company has commenced the initial rollout of its solution in the U.S. starting with New Jersey. The robotics solutions are deployed in office buildings in the home place of the company’s U.S. operations headquarters. Roaming in the buildings, the robots will take part in disinfection duties. The trial basis rollout will provide the company with feedback and intelligence for the required features and applications that customers would need.

    Additionally, the company also plans to deploy its T-series robots in the future which would provide reception services in hotels, restaurants, and malls. Following this, the plan also includes service expansion to delivery, security, and advertising.

    The Future is Here

    As kids, watching robots take over the world in movies was something of a very unimaginable reality. But the future is already here as robotics solutions continue to be implemented beyond just the manufacturing and automotive industries. Robotics solutions are now increasingly being adopted in defense & security, healthcare, aerospace, food & beverage, education, home, and hospitality sectors. Robots are being rapidly implemented in all the sectors and industries to increase efficiency, and reduce labor costs while delivering minimal error margin.

    The robotics market is forecasted to grow at a CAGR of 22.8% by 2030, while AI robots are estimated to deliver a CAGR of 36.82% by 2027.

    GFAI’s Future

    Continuing its robotics solution expansion, GFAI now has operations in nine key markets around the world including China, Thailand, Singapore, Malaysia, Dubai, Australia, and the U.S. Not only geographical presence, but the company has also been expanding its Robotics-as-a-Service portfolio with plans for including delivery, security, and advertising after hospitality. Currently, the company is working on diversifying its services offering and revenue streams.

    GFAI expects a nice growth of over 66% in its net revenue for 2022.

    Conclusion

    The retail investors’ favorite stock, GFAI is once again trending as the company initiated robotics rollout in the U.S.

  • Guardforce AI Co. (GFAI) Soars Premarket Following $10M Offering Close Announcement

    On April 11, 2022, integrated security solutions provider, Guardforce AI Co. (GFAI) surged by 15% at the last check, in the premarket. Thus, the stock was rallying at $1.38 per share at the time of writing while there was no change in it in the previous trading session.

    Investors are responding positively to the company’s announcement of its $10 million registered direct offering’s close.

    GFAI’s Latest Offering

    On April 6, the company announced the pricing of a direct registered offering of its ordinary shares. The offering closed on Friday, April 8, 2022.

    The company’s securities purchase agreement included 8.7 million of its ordinary shares at a price of $1.15 per share. Moreover, the offering with certain institutional investors resulted in gross proceeds of $10.0 million, less fees, and expenses.

    Furthermore, the exclusive placement agent for the offering was EF Hutton, a division of Benchmark Investments.

    Agreement with Blue Pin

    Source: Lovemoney

    Additionally, on Friday, the company had also announced entering into a mutual agreement with Blue Pin (HK) Limited. Under the agreement, Blue Pin’s Guest Services RobotTM will be integrated into GFAI’s concierge robots (T-series). The integration will then be co-marketed by the companies within the hotel industry.

    The leading software provider, Blue pin specializes in hotel automation technologies.

    Technology & Automation Market

    As the world ushers into a new era of technological advancements, automation is becoming increasingly important. While the improved productivity, efficiency, reduced labor costs, and decrease in time consumption are some of the plus points of technological automation, Covid-19 gave the world a new perspective. The pandemic while having increased focus on SOPs, has also brought about a new side of technological automation in places like hotels, grocery stores, etc.

    Even if the trend did exist before 2020, the pandemic accelerated technological automation to unprecedented levels.

    GFAI’s Stance

    The integrated security solutions provider GFAI, has been actively expanding its Robotics-as-a-Service business. In 2022, the company has secured multiple partnerships and agreements to boost the growth of its robotics business. Not just its robotics business, but the company has also been working on its Technology-as-a-Services business. The recent geographic expansion includes its presence in Malaysia, Singapore, Dubai, Australia, and China.

    Conclusion

    Currently, GFAI stock is rallying in the premarket after it announced the closing of its registered direct offering. The company’s new agreement for robotic integration with Blue Pin also seems to be a reason for investors’ joy.

  • Guardforce AI Co. Ltd. (GFAI) stock Tumbles Down After Hours on Fiscal 2021 Year-End Results

    Guardforce AI Co. Ltd. (GFAI) stock Tumbles Down After Hours on Fiscal 2021 Year-End Results

    The integrated security solutions provider, Guardforce AI Co. Ltd. (GFAI) has been hell-bent on expanding its geographic presence since its recent IPO. The company made its public debut in October 2021 and has since been working tirelessly on expanding its Robotics-as-a-Service business (RaaS). The latest expansion in the business encompassed Dubai and Australia.

    The Thailand-based company went down over 79.6% after its IPO last year but has since recovered more than 44.4% this year. This recovery can be attributed to the company’s commitment to growth and expansion thus far.

    Latest Hit Down

    Having said that, the latest happenings have not proved helpful towards the stock as GFAI’s upsurge on the Dubai and Australia expansion was cut short by a downfall. The stock was enjoying bullish momentum over the previous news of the expansion that the company posted 2021 year-end results on March 30, 2022. The earnings report caused a reversal in the stock’s momentum making its plunge down by 7.05% in the after-hours on Wednesday. In the prior session, the stock remained bullish with a gain of 12.23% at its close of $1.56. The not-so-impressive earnings resulted in the stock trading at $1.45 per share in the after hours.

    Source: Achieva

    GFAI’s Fiscal 2021 Insight

    Impacted by the uncontrolled resurgence of Covid-19 in Thailand, GFAI’s 2021 revenue declined by 6.6% YOY to $35.2 million. Despite the negative impact of the outbreak on customer orders, the company’s GDM products continued their increase to report a growth of 12.9% in 2021. Thus, the resulting GDM product revenue was $1.6 million for 2021.

    Moreover, 2020’s EBITDA of $3.0 million converted into a loss of $0.2 million in 2021 on non-IFRS measurements.

    An increase in administrative expenses caused the non-IFRS net income to reduce to $1.8 million from $4.8 million in the previous year. Resulting in a non-IFRS EPS of $0.10 in 2021, against $0.28 in 2020.

    Any Betterment for 2022?

    Even though the company’s 2021 financials were a disappointment, all is still not lost as GFAI is looking forward to a much better result in 2022. Remaining hopeful about the fruits of its recently expanded business and ongoing plus expected acquisitions, the company expects 2022 revenue growth of 66% YOY. Therefore, the expected revenue is $55-$60 million for the year.

    The company incorporated its Australian subsidiary in February 2022 and Dubai’s in March 2022. Furthermore, GFAI has also inked LOI to acquire up to 36 China subsidiaries of Kewei Group.

  • Guardforce AI Co., Limited (GFAI) surged in the current market; here is why?

    Guardforce AI Co., Limited (GFAI) surged in the current market after announcing the signing of the previously proposed agreement. GFAI values at $1.19, gaining more than 121.41% compared to yesterday’s closing price. The stock closed at $0.54 at the end of the last trading session. The stock volume traded in the previous trading session was around 4.15 million shares. The current market cap of the company is about $15.65 million.

    GFAI: The Acquisition

    Guardforce AI Co., Limited (GFAI) (GZ) signed an agreement of acquisition of Shenzhen Keweien Robot Service Co., Ltd. (SZ) and Guangzhou Kewei Robot Technology Co., Ltd. (KRT). Guardforce AI’s robotics-as-a-service (RaaS) business effort is likely to benefit significantly from this acquisition. The company expects that by the end of April the deal will be official.

    Located in China’s Greater Bay Area, Shenzhen and Guangzhou are two of the country’s most populous cities and among the world’s 30 most populous cities, respectively. SZ and GZ generate money through AI robotic services that automate repetitive jobs and reduce labor intensity in the hotel, healthcare, property management, and government sectors.

    GFAI: Acquisition details

    Payment of the $10 million acquisition purchase price will be made in a combination of 10% cash and 90% restricted ordinary shares of the Company. Guardforce AI is now traded on the Nasdaq Capital Market in the United States under the symbol GFAI. The pricing of each share is $4.20 for the purposes of the formal acquisition agreement

    GFAI: 2022 Outlook

    GFAI expects revenue forecasts for the entire year of 2022 at US$55-60 million, reflecting a gain of more than 66% over the previous year.

    The company forecasts that inorganic and non-cash revenues will total $21 million and $25.5 million, respectively.

    Conclusion

    The company inked the previously proposed agreement today. As a result of the deal, its stock has skyrocketed in the current market. It will have a significant effect on the revenue of the company.

  • Guardforce AI Co. Ltd. (GFAI) stock Advances Further After Hours. Here’s why?

    On March 08, Guardforce AI Co. Ltd. (GFAI) stock advanced further in the after-hours while it had added 25.93% during the regular session. There is no recent announcement or SEC filing from the company to explain the bullish momentum. Moreover, the company has not announced any upcoming conference participation either.

    During the regular session, investors flocked towards the stock to make it trade at an active volume of 10.87 million. After trading between $0.4317 and $0.6000, the stock closed the session at a price of $0.5901. GFAI stock added $0.1215 or 25.93% during the regular trading session. Following this, the stock remained bullish in the after-hours as well. Thus, the stock reached a price of $0.6475 in the after-hours as it added a further 9.73%. The volume of shares traded in the after-hours was 3.21 million shares.

    GFAI stock Movement

    The latest news of the company dates back to March 1 while the most recent SEC filing was submitted on March 03. Since there is no recent news after that, the stock’s current movements seem to be due to external factors.

    The stock had been in a downtrend since March 04 to rebound on Monday. Following this, GFAI continued a bullish trend in both the regular and after-hours trading sessions. It seems the stock’s recent bullishness can be attributed to social media chatter and stock sentiment.

    Standing at a year-to-date loss of 45.36%, the stock declined by a huge 92.13% in the past year.

    GFAI’s U.S. Market Entry Developments

    On March 01, the company announced a strategic partnership with SBC Global Holdings Inc., in lieu of the previously proposed acquisition. GFAI and SBC agreed upon the partnership for speeding up the company’s entry into the U.S. markets with its solutions.

    Source: Planview

    According to the terms, for market penetration, the company would establish a U.S. subsidiary (wholly-owned).  Moreover, the company will also commit additional resources for developing the business and work closely with SBC. And SBC will refer all clients to GFAI on an exclusive basis.

    Preliminary Fiscal 2021 Results

    As announced on January 11, the company expects $33-$35 million in revenue for fiscal 2021. This marks a decline of 9.3% to 14.5% YOY.

    Furthermore, inorganic revenues and non-cash revenues are expected to be $0.5 million and $0.8 million, respectively.

    2022 Outlook

    For fiscal 2022, GFAI expected net revenue to grow over 66% YOY to $55-$60 million.

    The inorganic and non-cash revenues are expected to be $21 million and $25.5 million, respectively.

  • Guardforce AI Co. Ltd. (GFAI) stock Falls Under Corrections After Hours Following a Mammoth Gain

    Guardforce AI Co. Ltd. (GFAI) stock Falls Under Corrections After Hours Following a Mammoth Gain

    On February 25, Guardforce AI Co. Ltd. (GFAI) stock gained a huge 45.44% during the regular trading session. Consequently, the stock succumbed to corrections in the after hours. The huge gain seems to be related to the ongoing Russia-Ukraine conflict.

    In the regular session, GFAI stock was able to add $0.1868 or 45.44% at its closing price of $0.5979. The day’s volume was 26.51 million, a huge 665% of its average 3.99 million shares. Following the huge gain, the stock fell by 5.99% under corrections in the after-hours session. Hence, GFAI stock went down to a value of $0.5621 in the after-hours on Friday.

    The integrated security solutions provider, Guardforce AI Co. Ltd. has a market capitalization of $17.41 million. Currently, the company has 29.12 million shares outstanding in the market.

    What Happened?

    The conflict between Russia and Ukraine is escalating by the minute. This conflict and the imminence of a possible war have the stock markets crashing down with most stock trading at new lows. But on the flip side, certain penny stock seems to be gaining, particularly those related to cybersecurity. With the possibility of cyberattacks, cybersecurity stocks are gaining in the market. Thus, on Friday, GFAI stock gained good value as it provides information security consulting services. But following the huge gain, the stock was bound for corrections sooner or later. Therefore, the stock fell under corrections in the after hours.

    Given the huge gain on Friday, GFAI stock has added 57.80% in the past five days while it has lost 44.64% year to date. Moreover, the stock subtracted a value of 92.03% last year.

    GFAI’s Recent Developments

    On February 18, the company announced the deployment of over 1,400 robots in the Asia Pacific region, including Thailand, Singapore, Hong Kong Macau, and Malaysia. Multiple industries are part of the deployment, like supermarkets, govt. facilities, hospitals, hotels, transportation stations, educational institutions, and many more. This deployment is part of GFAI’s robotic solutions deployment for Covid-19 in key markets. The initial free trial base of concierge robots with temperature sensing and reception features will convert to fee-based monthly services. Phase two has started and is expected to gain momentum in the next few months.

    GFAI’s Preliminary 2021 Results

    For fiscal 2021, the company expects net revenue of $33-$35 million with a decline of 9.3-14.5% YOY.

    Furthermore, GFAI expects net revenue of $55-$60 million for fiscal 2022, an increase of over 66% YOY.

  • Guardforce AI Co., Ltd. (GFAI) Stock Rocketing Higher in Premarket Following Robotics Deployment.

    Guardforce AI Co., Ltd. (GFAI) is a leader in integrated security solutions providing for protection and transportation of the valued assets of different organizations. The company is engaged in the development and introduction of novel technologies for improving protection and safety.

    The price of GFAI stock during the regular trading on February 18, 2022, was $0.37 with a decline of 30.4%. At last check in the premarket on February 22, 2022, the stock surged by 34.62%.

    GFAI: Events and Happenings

    On February 18, 2022, GFAI reported deploying approximately 1,400 robots in the Asia Pacific area. The robots were deployed in industries including hypermarkets, government buildings, hospitals, transportation stations, educational institutes, malls, and, restaurants.

    On January 20, 2022, GFAI updated about the closure of its ordinary shares and warrants private placement. This resulted in gross proceeds of up to $10.3 million. The company sold 7,919,997 ordinary shares and warrants for the acquisition of 11,879,993 ordinary shares. The warrants had an exercise price of $1.30 per share. The acquisition price for one ordinary share and one and one-half warrants was $1.30.

    On January 19, 2022, GFAI informed about hosting a virtual roadshow on January 25th, 2022. On January 14, 2022, GFAI announced its plan to expand the Robotics as a Service offering with the anticipated purchase of Shenzhen Keweien Robot Service Co. and Guangzhou Kewei Robot Technology Co. The acquisition will be completed by the end of February 2022.

    On January 11, 2022, GFAI issued initial results for the full year 2021 and preliminary expectations for the full year 2022. The company expects net revenue in the range of $33-$35 million for the full year 2021. It represents a decline of 9.3% to 14.5% against 2020. The company expects net revenue in the range of $55-$60 million for the full year 2022. It represents the growth of approximately 66% against 2021.

    GFAI: Key Financials

    On December 17, 2021, GFAI released its interim financial results for the six months ended June 30, 2021. Some of the significant highlights are discussed below.

    Revenue

    Revenue during the first six months of 2021 was $18.4 million compared to $18.7 million in the same period of 2020. The company observed a revenue decline of $0.32 million over the yearly period.

    EPS

    Basic and diluted net loss per share in the six months ended June 30, 2021, was $1.55 million or $0.09 as compared to $1.57 million or $0.09 in the same period of 2020. The company observed a slight decrease in net loss over the year.

    Conclusion

    GFAI stock down-performed by 90% in the past six months as a result of weakening economic conditions due to the pandemic. The recent premarket stock increase is the output of the company’s sound policies. As the company recently announced the deployment of its robots in the Asia Pacific region, the stocks started to gain momentum.