Guardforce AI Announces Preliminary Full Year 2021 Results
Guardforce AI Co., Limited (GFAI)
Company Research
Source: Accesswire
~ Provides Initial 2022 Guidance Forecast ~NEW YORK, NY / ACCESSWIRE / January 11, 2022 / Guardforce AI Co., Limited ("Guardforce AI" or the "Company") (NASDAQ:GFAI, GFAIW), an integrated security solutions provider, today issued preliminary unaudited results for the year ending December 31, 2021 and initial expectations for the year ending December 31, 2022.For the full year 2021, the Company expects:Net revenue of $33-$35 million, representing a decrease of 9.3% to 14.5% versus 2020.Inorganic revenues (i.e., revenues from companies acquired during the year) of approximately $0.5 million, representing 1.4% of total net revenues.Non-cash revenues (including robotics and cybersecurity) of approximately $0.8 million, representing 2.4% of total net revenues,For the full year 2022, the Company expects:Net revenue of $55-$60 million, representing growth of more than 66% versus 2021.Inorganic revenues (i.e., revenues from companies expected to be acquired during 2022) of approximately $21 m
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