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Side-by-side financial comparison of Guardforce AI Co., Ltd. (GFAI) and X4 Pharmaceuticals, Inc (XFOR). Click either name above to swap in a different company.

X4 Pharmaceuticals, Inc is the larger business by last-quarter revenue ($28.8M vs $18.0M, roughly 1.6× Guardforce AI Co., Ltd.). X4 Pharmaceuticals, Inc runs the higher net margin — 1.0% vs -76.9%, a 77.9% gap on every dollar of revenue.

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.

X4 Pharmaceuticals, Inc. is a clinical-stage biotechnology company focused on developing novel targeted therapies for rare immunological diseases and oncology indications with high unmet medical needs. It operates primarily across the U.S. and European markets, with a lead pipeline candidate for WHIM syndrome and multiple other preclinical and clinical assets for immune disorders and cancer.

GFAI vs XFOR — Head-to-Head

Bigger by revenue
XFOR
XFOR
1.6× larger
XFOR
$28.8M
$18.0M
GFAI
Higher net margin
XFOR
XFOR
77.9% more per $
XFOR
1.0%
-76.9%
GFAI

Income Statement — Q2 FY2023 vs Q1 FY2025

Metric
GFAI
GFAI
XFOR
XFOR
Revenue
$18.0M
$28.8M
Net Profit
$-13.8M
$282.0K
Gross Margin
12.0%
83.6%
Operating Margin
-66.1%
-32.8%
Net Margin
-76.9%
1.0%
Revenue YoY
6.3%
Net Profit YoY
-118.5%
100.5%
EPS (diluted)
$-4.35
$0.04

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
XFOR
XFOR
Q1 25
$28.8M
Q1 24
$0
Q3 23
$0
Q2 23
$18.0M
$0
Q2 22
$16.9M
Net Profit
GFAI
GFAI
XFOR
XFOR
Q1 25
$282.0K
Q1 24
$-51.8M
Q3 23
$-2.3M
Q2 23
$-13.8M
$-55.7M
Q2 22
$-6.3M
Gross Margin
GFAI
GFAI
XFOR
XFOR
Q1 25
83.6%
Q1 24
Q3 23
Q2 23
12.0%
Q2 22
11.5%
Operating Margin
GFAI
GFAI
XFOR
XFOR
Q1 25
-32.8%
Q1 24
Q3 23
Q2 23
-66.1%
Q2 22
-32.8%
Net Margin
GFAI
GFAI
XFOR
XFOR
Q1 25
1.0%
Q1 24
Q3 23
Q2 23
-76.9%
Q2 22
-37.4%
EPS (diluted)
GFAI
GFAI
XFOR
XFOR
Q1 25
$0.04
Q1 24
$-7.77
Q3 23
$-0.01
Q2 23
$-4.35
$-0.33
Q2 22
$-7.16

Balance Sheet & Financial Strength

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

Metric
GFAI
GFAI
XFOR
XFOR
Cash + ST InvestmentsLiquidity on hand
$24.7M
$40.3M
Total DebtLower is stronger
$75.0M
Stockholders' EquityBook value
$25.0M
$22.9M
Total Assets
$64.1M
$130.0M
Debt / EquityLower = less leverage
3.27×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GFAI
GFAI
XFOR
XFOR
Q1 25
$40.3M
Q1 24
$60.5M
Q3 23
$131.6M
Q2 23
$24.7M
$136.4M
Q2 22
$7.7M
Total Debt
GFAI
GFAI
XFOR
XFOR
Q1 25
$75.0M
Q1 24
$55.0M
Q3 23
$55.0M
Q2 23
$32.5M
Q2 22
Stockholders' Equity
GFAI
GFAI
XFOR
XFOR
Q1 25
$22.9M
Q1 24
$1.0M
Q3 23
$67.6M
Q2 23
$25.0M
$67.5M
Q2 22
$29.4M
Total Assets
GFAI
GFAI
XFOR
XFOR
Q1 25
$130.0M
Q1 24
$112.2M
Q3 23
$173.3M
Q2 23
$64.1M
$173.4M
Q2 22
$68.8M
Debt / Equity
GFAI
GFAI
XFOR
XFOR
Q1 25
3.27×
Q1 24
53.09×
Q3 23
0.81×
Q2 23
0.48×
Q2 22

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
XFOR
XFOR
Operating Cash FlowLast quarter
$-1.0M
$-12.4M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
-43.86×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GFAI
GFAI
XFOR
XFOR
Q1 25
$-12.4M
Q1 24
$-33.6M
Q3 23
$-68.8M
Q2 23
$-1.0M
$-47.9M
Q2 22
$-13.8M
Free Cash Flow
GFAI
GFAI
XFOR
XFOR
Q1 25
Q1 24
$-33.7M
Q3 23
$-68.8M
Q2 23
$-47.9M
Q2 22
Capex Intensity
GFAI
GFAI
XFOR
XFOR
Q1 25
0.0%
Q1 24
Q3 23
Q2 23
Q2 22
Cash Conversion
GFAI
GFAI
XFOR
XFOR
Q1 25
-43.86×
Q1 24
Q3 23
Q2 23
Q2 22

Financial Flow Comparison

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

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