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Side-by-side financial comparison of Guardforce AI Co., Ltd. (GFAI) and Maase Inc. (MAAS). Click either name above to swap in a different company.
Guardforce AI Co., Ltd. is the larger business by last-quarter revenue ($18.0M vs $9.9M, roughly 1.8× Maase Inc.).
Guardforce AI Co., Ltd. is a global provider of AI-integrated security solutions. Its core offerings include intelligent surveillance systems, AI-powered access control, autonomous security robots, and smart logistics monitoring services, serving enterprise, retail, financial and public sector clients across Asia, Europe and North America.
GFAI vs MAAS — Head-to-Head
Income Statement — Q2 FY2023 vs Q2 FY2023
| Metric | | |
|---|---|---|
| Revenue | $18.0M | $9.9M |
| Net Profit | $-13.8M | — |
| Gross Margin | 12.0% | 78.7% |
| Operating Margin | -66.1% | -55.9% |
| Net Margin | -76.9% | — |
| Revenue YoY | 6.3% | — |
| Net Profit YoY | -118.5% | — |
| EPS (diluted) | $-4.35 | — |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q2 23 | $18.0M | — | ||
| Q4 22 | — | $9.9M | ||
| Q2 22 | $16.9M | — |
| Q2 23 | $-13.8M | — | ||
| Q4 22 | — | — | ||
| Q2 22 | $-6.3M | — |
| Q2 23 | 12.0% | — | ||
| Q4 22 | — | 78.7% | ||
| Q2 22 | 11.5% | — |
| Q2 23 | -66.1% | — | ||
| Q4 22 | — | -55.9% | ||
| Q2 22 | -32.8% | — |
| Q2 23 | -76.9% | — | ||
| Q4 22 | — | — | ||
| Q2 22 | -37.4% | — |
| Q2 23 | $-4.35 | — | ||
| Q4 22 | — | — | ||
| Q2 22 | $-7.16 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $24.7M | $10.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $25.0M | $31.6M |
| Total Assets | $64.1M | $47.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q2 23 | $24.7M | — | ||
| Q4 22 | — | $10.9M | ||
| Q2 22 | $7.7M | — |
| Q2 23 | $25.0M | — | ||
| Q4 22 | — | $31.6M | ||
| Q2 22 | $29.4M | — |
| Q2 23 | $64.1M | — | ||
| Q4 22 | — | $47.0M | ||
| Q2 22 | $68.8M | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-1.0M | $-18.2M |
| Free Cash FlowOCF − Capex | — | $-18.3M |
| FCF MarginFCF / Revenue | — | -184.4% |
| Capex IntensityCapex / Revenue | — | 1.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q2 23 | $-1.0M | — | ||
| Q4 22 | — | $-18.2M | ||
| Q2 22 | $-13.8M | — |
| Q2 23 | — | — | ||
| Q4 22 | — | $-18.3M | ||
| Q2 22 | — | — |
| Q2 23 | — | — | ||
| Q4 22 | — | -184.4% | ||
| Q2 22 | — | — |
| Q2 23 | — | — | ||
| Q4 22 | — | 1.0% | ||
| Q2 22 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GFAI
Segment breakdown not available.
MAAS
| Wealth management | $7.8M | 78% |
| Insurance consulting | $1.0M | 10% |
| Other | $975.0K | 10% |
| Asset management | $168.0K | 2% |
