Guardforce AI edges higher on robust first half

Guardforce AI

02/10/2023 12:55

** U.S.-listed shares of Guardforce AI  GFAI.O  up nearly 2%
at $4.96 premarket 
    ** Thailand-based robotics and software-based security
services provider's interim results show revenue increased 8.7%
y/y to $18.4 million in the first half of the year,  while gross
profit rose to $2.5 million from $1.9 million 
    ** Benefited from its cash-in-transit business, Guardforce
Digital Machine and sales increase at Beijing Wanjia Security
System Co, which it acquired last year
    ** GFAI down 9% YTD

 (Reporting by Yuvraj Malik)
 ((yuvraj.malik@thomsonreuters.com))