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Stocks · Industrials · Services-Detective, Guard & Armored Car Services

Guardforce AI Co., Ltd.

GFAI Clue Score41
Singapore Fiscal year ends December CIK 0001804469
$0.24 -7.95% Close, 12 Oct 2026
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Price $0.24 −92.69% Close, 12 Oct 2026

Closing prices at the end of each trading day, from 8 Jan 2021. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2019Revenue38.6Operating income−0.1Net income0.1Fiscal year 2020Revenue37.6 −2.4%Operating income−2.1Net income3.1 +5,637.0%Fiscal year 2021Revenue34.7 −7.9%Operating income−3.8Net income−5.5 −276.8%EPS, diluted−11.90Fiscal year 2022Revenue34.0 −2.0%Operating income−16.8Net income−18.6EPS, diluted−14.97Fiscal year 2023Revenue36.3 +6.8%Operating income−29.3Net income−29.6EPS, diluted−4.53Fiscal year 2024Revenue36.3 +0.2%Operating income−6.7Net income−5.9EPS, diluted−0.53
FY2019FY2020FY2021FY2022FY2023FY2024
Revenue 38.6 37.6 34.7 34.0 36.3 36.3
Growth −2.4% −7.9% −2.0% +6.8% +0.2%
Operating income −0.1 −2.1 −3.8 −16.8 −29.3 −6.7
Net income 0.1 3.1 −5.5 −18.6 −29.6 −5.9
Growth +5,637.0% −276.8%
EPS, diluted n/a n/a −11.90 −14.97 −4.53 −0.53

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2019Gross margin12.0%Operating margin−0.3%Net margin0.1%Free cash flow margin11.8%Fiscal year 2020Gross margin16.7%Operating margin−5.6%Net margin8.2%Free cash flow margin9.3%Fiscal year 2021Gross margin10.4%Operating margin−10.8%Net margin−15.8%Free cash flow margin−12.3%Fiscal year 2022Gross margin11.1%Operating margin−49.5%Net margin−54.7%Free cash flow margin−64.1%Fiscal year 2023Gross margin14.9%Operating margin−80.8%Net margin−81.5%Free cash flow margin−10.2%Fiscal year 2024Gross margin17.2%Operating margin−18.5%Net margin−16.1%Free cash flow margin−9.8%
FY2019FY2020FY2021FY2022FY2023FY2024
Gross margin 12.0% 16.7% 10.4% 11.1% 14.9% 17.2%
Operating margin −0.3% −5.6% −10.8% −49.5% −80.8% −18.5%
Net margin 0.1% 8.2% −15.8% −54.7% −81.5% −16.1%
Free cash flow margin 11.8% 9.3% −12.3% −64.1% −10.2% −9.8%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2019Operating cash flow5.0Capital expenditure−0.4Free cash flow4.6Fiscal year 2020Operating cash flow4.9Capital expenditure−1.4Free cash flow3.5 −23.2%Fiscal year 2021Operating cash flow1.0Capital expenditure−5.2Free cash flow−4.3 −221.5%Fiscal year 2022Operating cash flow−17.4Capital expenditure−4.4Free cash flow−21.8Fiscal year 2023Operating cash flow−1.6Capital expenditure−2.1Free cash flow−3.7Fiscal year 2024Operating cash flow−3.3Capital expenditure−0.2Free cash flow−3.6
FY2019FY2020FY2021FY2022FY2023FY2024
Operating cash flow 5.0 4.9 1.0 −17.4 −1.6 −3.3
Capital expenditure −0.4 −1.4 −5.2 −4.4 −2.1 −0.2
Free cash flow 4.6 3.5 −4.3 −21.8 −3.7 −3.6
Growth −23.2% −221.5%

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash and securitiesTotal debt
Fiscal year 2019Cash and securities6.1Total debt4.1Net cash (debt)1.9Shareholders’ equity1.3Debt to equity3.28Fiscal year 2020Cash and securities8.4Total debt2.0Net cash (debt)6.4Shareholders’ equity−2.2Fiscal year 2021Cash and securities12.7Total debt4.2Net cash (debt)8.6Shareholders’ equity6.5Debt to equity0.64Fiscal year 2022Cash and securities6.9Total debt17.6Net cash (debt)−10.7Shareholders’ equity19.1Debt to equity0.92Fiscal year 2023Cash and securities20.2Total debt0.6Net cash (debt)19.7Shareholders’ equity25.2Debt to equity0.02Fiscal year 2024Cash and securities21.9Total debt0.1Net cash (debt)21.8Shareholders’ equity32.0Debt to equity0.00
FY2019FY2020FY2021FY2022FY2023FY2024
Cash and securities 6.1 8.4 12.7 6.9 20.2 21.9
Total debt 4.1 2.0 4.2 17.6 0.6 0.1
Net cash (debt) 1.9 6.4 8.6 −10.7 19.7 21.8
Shareholders’ equity 1.3 −2.2 6.5 19.1 25.2 32.0
Debt to equity 3.28 n/a 0.64 0.92 0.02 0.00

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2024 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024
Margins
12.0% 16.7% 10.4% 11.1% 14.9% 17.2%
−0.3% −5.6% −10.8% −49.5% −80.8% −18.5%
0.4% −7.7% −18.1% −54.4% −80.5% −16.5%
0.1% 8.2% −15.8% −54.7% −81.5% −16.1%
11.8% 9.3% −12.3% −64.1% −10.2% −9.8%
Spending
n/a n/a n/a 0.3% 0.5% 1.6%
n/a n/a n/a 42.5% 35.1% 27.8%
1.1% 3.7% 15.1% 13.0% 5.8% 0.7%
59.6% n/a n/a n/a n/a n/a
Returns
4.3% n/a −84.5% −97.0% −117.2% −18.3%
0.1% 8.6% −13.1% −30.4% −64.5% −13.1%
Balance and payout
3.28 n/a 0.64 0.92 0.02 0.00
96.6% 106.0% 84.4% 68.7% 45.1% 28.4%