Guardforce AI falls as revenue declines, loss widens in 2022
21/04/2023 13:16
** Shares of Guardforce AI Co Ltd GFAI.O fall 5.4% to
$22.42 before the bell
** "Even though the robotic AI segment revenue is still a
relatively small percentage of the total revenue, it grew by
245.1% in 2022," says Lei (Olivia) Wang, chairperson and CEO of
GFAI
** Co's net revenue decreased ~2% to $34.5 mln in 2022 from
$35.2 mln in 2021
** GFAI's net loss widened to $18.7 mln in 2022 from $5.5
mln in 2021
** Up to last close, GFAI stock had risen nearly 5 times YTD
(Reporting by Jaspreet Singh in Bengaluru)
((Jaspreet.Singh@thomsonreuters.com; https://twitter.com/i_jass;))
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