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Side-by-side financial comparison of Guardforce AI Co., Ltd. (GFAI) and Protalix BioTherapeutics, Inc. (PLX). 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 $9.1M, roughly 2.0× Protalix BioTherapeutics, Inc.). Protalix BioTherapeutics, Inc. runs the higher net margin — -60.3% vs -76.9%, a 16.6% gap on every dollar of revenue. On growth, Guardforce AI Co., Ltd. posted the faster year-over-year revenue change (6.3% vs -49.9%).

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.

Protalix BioTherapeutics is an Israeli pharmaceutical company that manufactures a plant-based enzyme, taliglucerase alfa, which has received U.S. Food and Drug Administration approval for the treatment of Gaucher disease.

GFAI vs PLX — Head-to-Head

Bigger by revenue
GFAI
GFAI
2.0× larger
GFAI
$18.0M
$9.1M
PLX
Growing faster (revenue YoY)
GFAI
GFAI
+56.2% gap
GFAI
6.3%
-49.9%
PLX
Higher net margin
PLX
PLX
16.6% more per $
PLX
-60.3%
-76.9%
GFAI

Income Statement — Q2 FY2023 vs Q4 FY2025

Metric
GFAI
GFAI
PLX
PLX
Revenue
$18.0M
$9.1M
Net Profit
$-13.8M
$-5.5M
Gross Margin
12.0%
49.4%
Operating Margin
-66.1%
-51.1%
Net Margin
-76.9%
-60.3%
Revenue YoY
6.3%
-49.9%
Net Profit YoY
-118.5%
-184.8%
EPS (diluted)
$-4.35
$-0.06

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.

Revenue
GFAI
GFAI
PLX
PLX
Q4 25
$9.1M
Q3 25
$17.9M
Q2 25
$15.7M
Q1 25
$10.1M
Q4 24
$18.2M
Q3 24
$18.0M
Q2 24
$13.5M
Q4 23
$10.5M
Net Profit
GFAI
GFAI
PLX
PLX
Q4 25
$-5.5M
Q3 25
$2.4M
Q2 25
$164.0K
Q1 25
$-3.6M
Q4 24
$6.5M
Q3 24
$3.2M
Q2 24
$-2.2M
Q4 23
$-6.0M
Gross Margin
GFAI
GFAI
PLX
PLX
Q4 25
49.4%
Q3 25
53.4%
Q2 25
62.5%
Q1 25
19.1%
Q4 24
78.7%
Q3 24
53.4%
Q2 24
29.8%
Q4 23
15.5%
Operating Margin
GFAI
GFAI
PLX
PLX
Q4 25
-51.1%
Q3 25
11.9%
Q2 25
7.5%
Q1 25
-41.0%
Q4 24
39.6%
Q3 24
22.2%
Q2 24
-18.0%
Q4 23
-53.5%
Net Margin
GFAI
GFAI
PLX
PLX
Q4 25
-60.3%
Q3 25
13.2%
Q2 25
1.0%
Q1 25
-35.8%
Q4 24
35.6%
Q3 24
18.0%
Q2 24
-16.4%
Q4 23
-57.6%
EPS (diluted)
GFAI
GFAI
PLX
PLX
Q4 25
$-0.06
Q3 25
$0.03
Q2 25
$0.00
Q1 25
$-0.05
Q4 24
$0.10
Q3 24
$0.03
Q2 24
$-0.03
Q4 23
$-0.03

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
GFAI
GFAI
PLX
PLX
Cash + ST InvestmentsLiquidity on hand
$24.7M
$14.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$25.0M
$48.2M
Total Assets
$64.1M
$82.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GFAI
GFAI
PLX
PLX
Q4 25
$14.7M
Q3 25
$13.6M
Q2 25
$17.9M
Q1 25
$19.5M
Q4 24
$19.8M
Q3 24
$27.4M
Q2 24
$23.4M
Q4 23
$23.6M
Stockholders' Equity
GFAI
GFAI
PLX
PLX
Q4 25
$48.2M
Q3 25
$52.9M
Q2 25
$49.9M
Q1 25
$45.2M
Q4 24
$43.2M
Q3 24
$32.4M
Q2 24
$28.6M
Q4 23
$33.6M
Total Assets
GFAI
GFAI
PLX
PLX
Q4 25
$82.3M
Q3 25
$82.3M
Q2 25
$78.5M
Q1 25
$73.9M
Q4 24
$73.4M
Q3 24
$61.6M
Q2 24
$91.5M
Q4 23
$84.4M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
GFAI
GFAI
PLX
PLX
Operating Cash FlowLast quarter
$-1.0M
$2.0M
Free Cash FlowOCF − Capex
$1.6M
FCF MarginFCF / Revenue
17.8%
Capex IntensityCapex / Revenue
4.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-13.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GFAI
GFAI
PLX
PLX
Q4 25
$2.0M
Q3 25
$-3.7M
Q2 25
$-5.2M
Q1 25
$-5.1M
Q4 24
$4.0M
Q3 24
$4.1M
Q2 24
$-3.6M
Q4 23
$3.6M
Free Cash Flow
GFAI
GFAI
PLX
PLX
Q4 25
$1.6M
Q3 25
$-4.2M
Q2 25
$-5.7M
Q1 25
$-5.4M
Q4 24
$3.6M
Q3 24
$4.0M
Q2 24
$-3.8M
Q4 23
$3.3M
FCF Margin
GFAI
GFAI
PLX
PLX
Q4 25
17.8%
Q3 25
-23.7%
Q2 25
-36.2%
Q1 25
-53.0%
Q4 24
19.6%
Q3 24
22.4%
Q2 24
-28.1%
Q4 23
31.9%
Capex Intensity
GFAI
GFAI
PLX
PLX
Q4 25
4.4%
Q3 25
2.8%
Q2 25
2.8%
Q1 25
3.0%
Q4 24
2.3%
Q3 24
0.5%
Q2 24
1.3%
Q4 23
2.4%
Cash Conversion
GFAI
GFAI
PLX
PLX
Q4 25
Q3 25
-1.58×
Q2 25
-31.91×
Q1 25
Q4 24
0.61×
Q3 24
1.27×
Q2 24
Q4 23

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

GFAI
GFAI

Segment breakdown not available.

PLX
PLX

Products$8.7M95%
Other$428.0K5%

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