London, United Kingdom--(Newsfile Corp. - October 29, 2024) - Gorilla Technology Group Inc. (NASDAQ: GRRR) ("Gorilla" or the "Company"), today announced its guidance for fiscal years 2024 and 2025, highlighting strong revenue growth, major new contract wins and continued global expansion across key regions. Following the company's recent webinar (GRRR WEBINAR OCT 24), Gorilla has reaffirmed its robust outlook for 2024, while projecting even stronger growth in 2025, driven by new contracts and significant st ...

Shares of Gorilla Technology Group Inc. (GRRR) have gained 17.4% over the past four weeks to close the last trading session at $5.14, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $12.17 indicates a potential upside of 136.8%.The average comprises three short-term price targets ranging from a low of $3.50 to a high of $24, with a standard deviation of $10.61. While the lowest ...

Core Insights - Gorilla Technology Group Inc. is hosting a webinar on October 24, 2024, featuring key executives to discuss the company's advancements in AI-powered solutions for smart cities [1][2] - The company has achieved significant financial strength, with cash reserves exceeding $40 million and total assets surpassing $60 million, positioning it for sustained growth [2] Company Overview - Gorilla Technology is a global solution provider specializing in Security Intelligence, Network Intelligence, Business Intelligence, and IoT technology, with a focus on various sectors including Government, Manufacturing, Telecom, and Healthcare [3][4] - The company leverages AI and Deep Learning technologies to enhance urban operations, security, and resilience, offering products such as intelligent video surveillance and advanced cybersecurity solutions [4] Strategic Focus - Gorilla Technology is strategically expanding into high-growth markets across Europe, APAC, and MENA, aiming to enhance its competitive advantage and drive revenue growth [2] - The leadership team, including the newly appointed interim CFO Bruce Bower, brings extensive experience in finance and strategy, further strengthening the company's market position [1][2]

Gorilla Technology Sets New Networking Infrastructure Benchmark with Launch of the Game-Changing Gorilla Intelligent Network DirectorRedefining Network Infrastructure - Simplified, Secure and Built for TomorrowOctober 14, 2024 8:00 AM EDT | Source: Gorilla Technology Group Inc.London, United Kingdom--(Newsfile Corp. - October 14, 2024) - Gorilla Technology Group Inc. (NASDAQ: GRRR) ("Gorilla" or the "Company"), is proud to announce the launch of Gorilla Intelligent Network Director - a groundb ...

London, United Kingdom--(Newsfile Corp. - October 3, 2024) - Gorilla Technology Group Inc. (NASDAQ: GRRR) ("Gorilla" or the "Company"), today issued a firm statement regarding its uncompromising approach to safeguarding the integrity of its stock. The Company has been relentless in policing trading activities around its securities and is deeply concerned by what it sees as ongoing manipulation attempts.In August 2023, Gorilla announced that an investigation of suspicious trading activity had uncovered evid ...

Exhibit 99.1 GORILLA TECHNOLOGY GROUP INC. AND SUBSIDIARIES UNAUDITED CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS FOR THE SIX MONTHS PERIODS ENDED JUNE 30, 2024 AND 2023 ~1~ GORILLA TECHNOLOGY GROUP INC. AND SUBSIDIARIES UNAUDITED CONDENSED INTERIM CONSOLIDATED BALANCE SHEETS June 30, 2024 AND 2023 (Expressed in United States dollars) | | | June 30, | December 31, | | | --- | --- | --- | --- | --- | | Items | Notes | 2024 | | 2023 | | Assets | | | | | | Current assets | | | | | | Cash and cash equiv ...

Exhibit 99.1 Gorilla Technology Group Achieves Explosive Growth in H1 2024; Sales Surge by 222%, as Company Delivers Record Profits and Strengthens Market Position LONDON, September 30, 2024 (GLOBE NEWSWIRE & NEWSFILE) – Gorilla Technology Group Inc. ("Gorilla" or the "Company") (NASDAQ: GRRR) today announced its financial results for the first half of 2024, showcasing a remarkable period of unprecedented growth and profitability. This outstanding performance underscores Gorilla's rapid ascent as a leading ...

Gorilla Technology Group Achieves Explosive Growth in H1 2024; Sales Surge by 222%, as Company Delivers Record Profits and Strengthens Market PositionSeptember 30, 2024 8:00 AM EDT | Source: Gorilla Technology Group Inc.London, United Kingdom--(Newsfile Corp. - September 30, 2024) - Gorilla Technology Group Inc. (NASDAQ: GRRR) ("Gorilla" or the "Company") today announced its financial results for the first half of 2024, showcasing a remarkable period of unprecedented growth and profitability. ...

Gorilla Technology and CS Energy Form AI-Powered Strategic Partnership to Accelerate the Rise of Smart & Green Cities Across Thailand and Southeast AsiaSeptember 23, 2024 8:00 AM EDT | Source: Gorilla Technology Group Inc.Bangkok, Thailand--(Newsfile Corp. - September 23, 2024) - Gorilla Technology Group Inc. (NASDAQ: GRRR) ("Gorilla" or the "Company") and CS Energy Technology Co., Ltd., one of Asia's leading energy infrastructure providers, have announced a strategic cooperation agreement. Th ...

Core Viewpoint - Gorilla Technology Group Inc. has completed the purchase of over 1.1 million shares as part of its buyback program, believing its stock is substantially undervalued, supported by over $40 million in unrestricted cash [1][2]. Group 1: Business Strategy - The company is executing an aggressive expansion strategy across multiple regions and sectors, converting a strong pipeline of opportunities into a growing backlog for 2025, with recent contract wins in Taiwan and Colombia [2]. - Gorilla Technology is committed to maintaining robust margins and stable cash flow while focusing on aggressive growth in AI-powered cybersecurity and data intelligence [3]. Group 2: Financial Management - The company emphasizes cash generation from existing contracts and future opportunities, aiming to build a substantial war chest for growth and financial flexibility [3]. - Gorilla Technology is closely monitoring suspicious trading activity involving its shares and is prepared to act decisively to protect shareholder interests if illegal market manipulation is detected [4]. Group 3: Company Overview - Headquartered in London, Gorilla Technology is a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence, and IoT technology, offering solutions across various sectors including Government, Manufacturing, Telecom, and Healthcare [5]. - The company leverages AI and Deep Learning Technologies to enhance urban operations, security, and resilience, focusing on intelligent video surveillance, facial recognition, and advanced cybersecurity technologies [5].