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Gorilla Technology Sets Full Year 2024 Conference Call for March 31, 2025, at 4:30 p.m. ET
Newsfile· 2025-03-26 12:00
Group 1 - Gorilla Technology Group Inc. will hold a conference call on March 31, 2025, at 4:30 p.m. Eastern time to discuss its financial results for the full year ended December 31, 2025 [1][2] - The conference call will be accessible via a toll-free number and will also be webcast live, with a replay available [2] - Gorilla Technology Group is headquartered in London, U.K., and operates as a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence, and IoT technology [3] Group 2 - The company offers a wide range of solutions across various sectors, including Smart City, Network, Video, Security Convergence, and IoT, utilizing AI and Deep Learning Technologies [3] - Gorilla's expertise includes enhancing urban operations, security, and resilience through AI-driven products such as intelligent video surveillance, facial recognition, and advanced cybersecurity technologies [4] - The integration of these technologies aims to empower Smart Cities, improving efficiency, safety, and quality of life for residents [4]
Gorilla Signals Confidence With Buybacks & Insider Purchases, Up 8.2%
ZACKS· 2025-03-25 14:46
Core Viewpoint - Gorilla Technology Group Inc. (GRRR) plans to utilize its share repurchase program after announcing its 2024 earnings, indicating confidence in its stock value despite recent short selling [1][2]. Group 1: Share Repurchase and Stock Performance - Following the announcement of the share repurchase program, GRRR's shares increased by 8.2% [1]. - The company has raised its repurchase plan to $10 million from $6 million, aiming to reassure shareholders of its commitment to value creation [2]. - GRRR's shares have surged 244.6% over the past year, significantly outperforming the industry average increase of 16.6% [6]. Group 2: Management Confidence and Future Projections - A significant portion of GRRR's board and executive management team plans to buy shares after the 2024 earnings release, reflecting their confidence in the company's vision and growth momentum [2]. - The company has raised its 2025 revenue estimate to $100-$110 million, up from a previous target of $90-$100 million, supported by multiple recent deals [4]. Group 3: Legal and Strategic Positioning - GRRR has dismissed allegations against it, asserting that those spreading misinformation are facing SEC and DOJ charges for fraud and market manipulation [3]. - The company emphasizes its commitment to business performance and strategic vision rather than engaging with baseless accusations [4]. Group 4: Partnerships and Market Presence - A notable partnership with Global Edge Fund, a $100 billion infrastructure investment fund, has allocated $20 billion to drive digital transformation using Gorilla's solutions [5].
Gorilla Technology Dismisses Misinformation, Confirms Intention to Acquire Shares by Company and Insiders
Newsfile· 2025-03-24 12:00
Core Viewpoint - Gorilla Technology Group Inc. is addressing recent allegations of fraud and market manipulation, asserting that these claims lack credibility due to the individuals involved facing multiple charges from regulatory authorities [2] Company Actions - The Board of Directors believes the company's shares are deeply undervalued due to recent short selling and plans to utilize remaining funds from a previously announced share buyback program after the release of its 2024 earnings statement if the share price does not reflect the company's intrinsic value [3] - A significant portion of the Board and the entire executive management team intends to acquire shares following the earnings release, demonstrating their confidence in the company's vision and momentum [4] Company Overview - Gorilla Technology Group Inc. is headquartered in London, U.K., and operates as a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence, and IoT technology [4] - The company offers a wide range of solutions across various sectors, including Smart City, Network, Video, Security Convergence, and IoT, utilizing AI and Deep Learning Technologies [4][5] - The company's expertise focuses on enhancing urban operations, security, and resilience through AI-driven technologies such as intelligent video surveillance, facial recognition, and advanced cybersecurity [5]
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Gorilla Technology Group Inc. - GRRR
Prnewswire· 2025-03-17 16:28
Core Viewpoint - Pomerantz LLP is investigating claims of potential securities fraud and unlawful business practices involving Gorilla Technology Group Inc, following a significant stock price drop after a critical report highlighted concerns about the company's operations and financial reporting [1][2]. Group 1: Investigation Details - Pomerantz LLP is representing investors of Gorilla Technology Group Inc and is looking into whether the company and its officers engaged in securities fraud or other unlawful practices [1]. - The investigation was prompted by a short report from The Bear Cave, which raised "red flags" regarding Gorilla's aggressive shift to AI technology and its financial reporting practices [2]. Group 2: Stock Performance - Following the publication of the short report, Gorilla's stock price experienced a decline of $13.50 per share, equating to a 32.21% drop, closing at $28.41 per share on March 7, 2025 [2]. Group 3: Company Background - Gorilla Technology Group Inc is under scrutiny for its business practices, particularly in light of its recent pivot to AI technology and the nature of its partnerships [2]. - Pomerantz LLP has a long history in corporate and securities litigation, having recovered significant damages for victims of securities fraud and corporate misconduct [3].
Gorilla Technology Formally Launches Initial Phases of AI-Driven Energy Transformation Initiative
Newsfile· 2025-03-10 12:00
Core Insights - Gorilla Technology Group Inc. has launched Thailand's largest AI-driven energy transformation initiative in collaboration with the Provincial Electricity Authority, marking a significant step in modernizing the country's power infrastructure [1][2][3] - The initiative, valued at $1.8 billion, aims to enhance efficiency, security, and sustainability over the next 15 years through the integration of AI, automation, and cybersecurity [2][4] - The project is expected to progress into structured definition phases, focusing on foundational scope, deployment strategies, and operational frameworks [2][4] Company Overview - Gorilla Technology Group Inc. is headquartered in London, U.K., and specializes in Security Intelligence, Network Intelligence, Business Intelligence, and IoT technology [5] - The company provides solutions across various sectors, including Government & Public Services, Manufacturing, Telecom, Retail, Transportation & Logistics, Healthcare, and Education, utilizing AI and Deep Learning Technologies [5][6] - Gorilla's expertise includes enhancing urban operations, security, and resilience through AI-driven technologies such as intelligent video surveillance and advanced cybersecurity [6]
Gorilla Sets Record Straight on Baseless Market Speculation
Newsfile· 2025-03-06 20:12
Core Insights - Gorilla Technology Group Inc. is addressing misleading online speculation that has confused investors, emphasizing its commitment to transparency and strong fundamentals [1][2] - The company has a significant backlog of contracts valued at $93 million for 2025 and a revenue guidance of $90-100 million for the year [8] - Gorilla's project pipeline has increased from $2 billion to $6 billion, with a notable $1.8 billion Memorandum of Understanding (MoU) signed to modernize Thailand's electricity grid [8] Company Overview - Gorilla Technology Group Inc. is headquartered in London and operates as a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence, and IoT technology [4] - The company focuses on various sectors, including Government & Public Services, Manufacturing, Telecom, Retail, Transportation & Logistics, Healthcare, and Education, utilizing AI and Deep Learning Technologies [4][5] Financial Performance - The company will release its Full Year 2024 financial results on March 31, 2025, and file its 20-F report with the US Securities and Exchange Commission on April 15, 2025 [3] - Gorilla's auditor, Marcum Asia, has reviewed the majority of its Accounts Receivable, reinforcing the integrity of its financial reporting [8] Strategic Direction - Gorilla is committed to achieving full Sarbanes-Oxley compliance for 2024, two years ahead of the deadline for Emerging Growth Companies [8] - The company has emphasized its transition into a leading provider of AI-driven Smart City solutions, focusing on security convergence and IoT [8]
Short Seller Targets Gorilla Technology Group Stock, Investors Take Profits
Benzinga· 2025-03-06 18:14
Gorilla Technology Group Inc GRRR shares are tanking Thursday after The Bear Cave released a short report on the company. Here’s what investors need to know.What To Know: Short seller The Bear Cave released a bearish report on Gorilla Technology Thursday morning in response to the stock’s approximately 1,200% rise over the past six months, driven by retail investor enthusiasm surrounding recent partnership announcements.“The Bear Cave believes recent retail investor enthusiasm for the company may be prematu ...
Gorilla Technology Stock Surges 430% in 3 Months: More Growth Ahead?
ZACKS· 2025-03-06 15:55
Shares of Gorilla Technology Group Inc. (GRRR) have surged 429.9% in the past three months against the industry’s decline of 1.1% and the S&P 500 Index’s fall of 3.3%. The stock hit a new 52-week high of $44.15 before closing at $41.91 yesterday. GRRR also outperformed companies like Sprinklr, Inc. (CXM) , Marqeta, Inc. (MQ) and Magnite, Inc. (MGNI) .GRRR’s 3-Month Price PerformanceImage Source: Zacks Investment ResearchFrom a valuation perspective, Gorilla Technology is trading at a premium, reflecting str ...
Gorilla Technology Secures Landmark $1.8 Billion Agreement to Drive Thailand's Largest Smart Grid and AI-Powered Energy Transformation
Newsfile· 2025-03-03 13:00
Gorilla Technology Secures Landmark $1.8 Billion Agreement to Drive Thailand's Largest Smart Grid and AI-Powered Energy TransformationMarch 03, 2025 8:00 AM EST | Source: Gorilla Technology Group Inc.Bangkok, Thailand--(Newsfile Corp. - March 3, 2025) - Gorilla Technology Group (NASDAQ: GRRR) has signed a historic $1.8 billion agreement to lead Thailand's largest-ever energy digitisation and infrastructure transformation initiative. Over the next 15 years, this nationwide AI-driven programme w ...
Here's Why 'Trend' Investors Would Love Betting on GORILLA TECH GP (GRRR)
ZACKS· 2025-02-21 14:50
While "the trend is your friend" when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn't easy.The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock aliv ...