Based in Singapore and incorporated in 2018, Guardforce AI Co., Limited specializes in providing comprehensive cash management and secure currency handling services across Thailand. Their extensive portfolio encompasses secure cash transportation, oversight of automated teller machines (ATMs), and the operation of dedicated centers for processing cash and cheques. Additionally, they offer tailored solutions for cash deposit machines, covering both their management and expedited cash services. A diverse clientele benefits from their offerings, including domestic commercial banks, major retail chains, coin manufacturers, and various governmental bodies.
Guardforce AI Reports Interim Financial Results for the First Half of 2026
Guardforce AI reported 1H 2026 revenue of $18.27 million, up 6.4% year-over-year, with the AI, RaaS & Smart Solutions segment growing 10.8% but still only 13.9% of total revenue.
Losses widened materially: net loss from continuing operations rose to $3.1 million from $2.0 million, adjusted EBITDA loss nearly tripled to $1.2 million, and SG&A jumped ~$1.0 million on a non-recurring tax charge.
Cash fell to $21.3 million from $24.5 million at year-end with $1.56 million operating cash burn, and the weighted average share count rose ~48% year-over-year to 29.6 million, signaling significant dilution.
Management highlighted DVGO platform expansion across Canada, China and Taiwan, the MGAI acquisition, and ~97% recurring revenue in legacy secured logistics, but offered no forward guidance.