London, United Kingdom--(Newsfile Corp. - December 18, 2024) - Gorilla Technology Group Inc. (NASDAQ: GRRR) ("Gorilla" or the "Company"), today announced the successful completion of the conversion of its preferred shares, marking a pivotal moment in the company's capital structure. This milestone effectively eliminates any overhang associated with the preferred shares, providing clarity and a strengthened foundation for future growth.The completion of the conversion's underscores confidence in Gorilla's l ...

Gorilla Technology Group Inc. (GRRR) recently announced some encouraging updates and a strong outlook for 2025. Based in London, it is a global solution provider in network intelligence, security intelligence, business intelligence and IoT technology.The technology services firm has secured a significant smart education contract in Southeast Asia, which is in the final stages of negotiations. It is set to kick off 2025 with a solid $93 million backlog, not including the smart education contract in Southeast ...

Gorilla Technology Group (NASDAQ: GRRR ) , it seems, is managing to stand out in the crowded and ceaselessly active AI and IoT markets, showing some very impressive growth in 2024 and hitting a few notable milestones along the way.The mission of Grassroots Trading rests on the following principles: providing objective, unbiased, and balanced research, backed by solid data and completely void of emotional influences or preference for companies; focusing on small- to mid-cap companies, offering the Seeking Al ...

Core Insights - Gorilla Technology Group Inc. is demonstrating strong momentum and strategic growth initiatives as it heads into 2025, highlighted during a recent investor webinar [1] Southeast Asia Success - The company has secured a significant smart education contract in Southeast Asia, currently in the final stages of term discussions, showcasing its capability to deliver transformative solutions [2] Robust Backlog and 2025 Outlook - Gorilla is entering 2025 with a backlog of $93 million, excluding additional projects and the Southeast Asia contract, and projects revenue between $90 million and $100 million for 2025, with an EBITDA margin of 20-25% [3] BroadSat Partnership to Deliver Early Wins - The partnership with BroadSat is expected to generate $6 to $9 million in revenue within the first year, with annual revenues projected to exceed $20 million as the collaboration progresses [4] Future Growth Focus - The company is focused on securing contracts that will drive growth in 2026 and beyond, with a clear strategy to lead in various markets including the U.S., EMEA, and Asia [5] Expansion in the United States - Gorilla is actively bidding on a project exceeding $70 million in the U.S. as part of its expansion strategy in this key market [6] Growing Project Pipeline - The company has a growing project pipeline valued at over $2 billion, which supports its long-term growth strategy through recurring revenue streams [7] Share Buyback Program Update - Gorilla has utilized $3.8 million of its $6 million authorized share buyback program, with discussions ongoing to extend the program to $9 million [8] Cash Flow Strength - The company maintains a strong financial position through consistent cash flow generation, which supports lending strategies and avoids dilution [9]

London, United Kingdom--(Newsfile Corp. - December 2, 2024) - Gorilla Technology Group Inc. (NASDAQ: GRRR) ("Gorilla" or the "Company"), proudly announces the appointment of Thomas Sennhauser to its esteemed Board of Directors, effective 1st December 2024.With a stellar career spanning over two decades, Thomas brings unparalleled expertise in technology leadership, R&D and digital transformation. Currently serving as the CTO and Business Lead, APJ, at Intel Corporation, he has driven ground-breaking advanc ...

London, United Kingdom--(Newsfile Corp. - November 27, 2024) - Gorilla Technology Group Inc. (NASDAQ: GRRR) ("Gorilla" or the "Company"), is proud to have been shortlisted for a landmark smart education and digital infrastructure project with an anticipated value of over $400 million for an initial five-year phase, subject to finalizing terms and definitive documentation. This initiative, based in a major investment-grade city in Southeast Asia, marks the beginning of a multi-phase programme, with addition ...

- To deliver on Smart Connectivity and Cybersecurity solutions addressing critical needs in underserved communities.- To accelerate strategic growth across the $150 billion Smart Cities and cybersecurity markets in the United States and EMEA.Seattle, Washington--(Newsfile Corp. - November 25, 2024) - Gorilla Technology Group Inc. (NASDAQ: GRRR) ("Gorilla" or the "Company") has signed a Letter of Intent (LOI) with BroadSat Technologies LLC, a Boston-based trailblazer in connectivity and innovation. This str ...

London, United Kingdom--(Newsfile Corp. - November 21, 2024) - Gorilla Technology Group Inc. (NASDAQ: GRRR) ("Gorilla" or the "Company") is pleased to invite investors to a webinar on December 12, 2024, at 4:15 p.m. ET. The exclusive event, hosted by RedChip Companies, will feature Gorilla Technology's Chairman and CEO, Jay Chandan, and interim-CFO, Bruce Bower. Attendees will gain insight into the Company's position as a leader in delivering transformative, AI-powered solutions that drive large-scale digi ...

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 ...