Guardforce AI Co., Limited (GFAI)

Guardforce AI Income Statement

Financials in millions USD. Fiscal year is January - December.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	36.28	36.28	33.97	34.67	37.65	38.57
Revenue Growth (YoY)	4.65%	6.82%	-2.03%	-7.92%	-2.39%	3.29%
Cost of Revenue	30.89	30.89	30.2	31.06	31.37	33.93
Gross Profit	5.39	5.39	3.77	3.61	6.27	4.64
Selling, General & Admin	12.91	12.91	14.54	7.17	6.67	4.75
Other Operating Expenses	21.78	21.78	6.05	0.19	1.72	0
Operating Expenses	34.69	34.69	20.6	7.36	8.4	4.75
Operating Income	-29.3	-29.3	-16.83	-3.75	-2.12	-0.11
Interest Expense / Income	0.65	0.65	1.14	0.98	0.9	0.89
Other Expense / Income	-0.8	-0.8	0.57	1.49	-0.12	-1.14
Pretax Income	-29.16	-29.16	-18.53	-6.22	-2.9	0.14
Income Tax	0.43	0.43	0.13	-0.73	0.24	0.09
Net Income	-29.59	-29.59	-18.67	-5.49	-3.14	0.05
Net Income Growth	-	-	-	-	-	-26.71%
Shares Outstanding (Basic)	7	7	1	0	0	0
Shares Outstanding (Diluted)	7	7	1	0	0	0
Shares Change	1317.77%	426.83%	169.11%	7.05%	3.29%	0.00%
EPS (Basic)	-4.53	-4.53	-14.97	-11.90	-7.26	-
EPS (Diluted)	-4.53	-4.53	-14.97	-11.90	-7.26	-
Free Cash Flow	-3.3	-3.3	-23.59	-4.26	3.5	4.59
Free Cash Flow Per Share	-0.51	-0.51	-19.02	-9.24	8.14	11.01
Gross Margin	14.86%	14.86%	11.10%	10.42%	16.67%	12.04%
Operating Margin	-80.77%	-80.77%	-49.54%	-10.82%	-5.64%	-0.29%
Profit Margin	-81.56%	-81.56%	-54.96%	-15.84%	-8.35%	0.14%
Free Cash Flow Margin	-9.09%	-9.09%	-69.44%	-12.28%	9.30%	11.90%
Effective Tax Rate	-	-	-	-	-	62.08%
EBITDA	-23.26	-23.26	-11.41	-0.21	3.03	6.32
EBITDA Margin	-64.11%	-64.11%	-33.59%	-0.60%	8.06%	16.38%
Depreciation & Amortization	5.24	5.24	5.98	5.03	5.03	5.29
EBIT	-28.5	-28.5	-17.39	-5.24	-2	1.03
EBIT Margin	-78.56%	-78.56%	-51.20%	-15.11%	-5.31%	2.67%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).