Guardforce AI Extends Retail Partnership

- Guardforce AI's smart retail solution combines AI-powered CCTV analytics with RFID-based inventory management to improve security, decrease inventory errors, and reduce manual labor. - Prior to this extension, Guardforce AI had already deployed its solutions at two of the brand's locations and installed AI camera systems across 13 other stores in 2025. The new agreement includes requests for installations at five more stores in 2026 and another in 2027. - This partnership is part of Guardforce AI's broader "AI-first" transformation strategy, moving from a traditional secured logistics provider to a technology-focused company. The company's legacy secured logistics business, however, still maintains a leading market position in Thailand. - In its financial results for the first half of 2025, Guardforce AI reported a 3.6% increase in revenue to $18.2 million but also a net loss of $2.2 million, citing sustained investment in research and development. - Revenue from the company's Guardforce Digital Machine (GDM) solutions, which automate cash handling for retail and banking clients, grew 18.1% to $2.2 million in the first half of 2025. - On February 20, 2026, the company's Board of Directors authorized a share repurchase program of up to $5 million, with the CEO stating the move reflects confidence in the company's fundamentals and long-term AI potential. - Guardforce AI's technology is built on its proprietary Intelligent Cloud Platform (ICP), which supports its various AI applications, including retail automation, robotics-as-a-service (RaaS), and an AI-powered travel itinerary planner called DeepVoyage Go (DVGO). - The company's Price-to-Sales (P/S) ratio is 0.4x, which is below the peer average of 1.1x, suggesting it may be undervalued based on this metric.