Gorilla(GRRR)

Search documents
Gorilla Technology Soars 34.7%: Should You Ride the AI Wave?
ZACKS· 2025-01-03 16:10
Company Overview - Shares of Gorilla Technology Group Inc (GRRR) surged 34 7% driven by strong interest from AI enthusiasts [1] - The company is a global solution provider in network intelligence security intelligence business intelligence and IoT technology based in London [1] Recent Developments - Gorilla secured two major contracts in Taiwan highlighting its growth potential and innovation [3] - The company has signed several large contracts over the past couple of years and is in advanced negotiations for more [3] - Gorilla's project pipeline surpassed $2 billion positioning the company for stable revenue and long-term growth [3] - For 2025 Gorilla anticipates generating $90-$100 million in revenues with an EBITDA margin of 20-25% [3] Financial Position and Valuation - GRRR has a forward 12-month price/sales ratio of 3 03X compared to the industry average of 6 28X making it more affordable [4] - A warrant holder exercised their warrants injecting nearly $6 million in fresh capital improving Gorilla's cash reserves and balance sheet [5] - The company has utilized $3 8 million of its $6 million share repurchase fund and plans to increase this allocation to $9 million [6] Market Performance - GRRR's stock price increased by 329% in the past year outperforming the industry average of 59 7% and the S&P 500's 26 7% rise [7] - The stock is currently trading at $24 33 close to its 52-week high with significant price swings (52Wk Range: $2 09-$25 67) [10] Industry Comparison - Coinbase Global Inc (COIN) and Cantaloupe Inc (CTLP) are better-ranked stocks in the broader Business Services space [11] - Coinbase has a Zacks Rank 1 (Strong Buy) with current-year earnings expected to jump from 37 cents to $5 23 per share and revenues projected at $5 7 billion implying 83 4% year-over-year growth [12] - Cantaloupe has a Zacks Rank 2 (Buy) with current-year earnings expected to surge 113 3% year-over-year and revenues projected to grow by 15 8% [13]
Gorilla Technology Removes Overhang from Market, Strengthens Position Through Strategic Actions
Newsfile· 2024-12-27 13:00
London, United Kingdom--(Newsfile Corp. - December 27, 2024) - Gorilla Technology Group Inc. (NASDAQ: GRRR) ("Gorilla" or the "Company"), is pleased to announce the removal of a partial but a critical overhang from its shareholder base, following the exercise of warrants by one of the holders, resulting in a fresh injection of capital of nearly $6 million.This pivotal milestone injects fresh cash into the Company's reserves, Gorilla's unwavering dedication to building a fortress-like balance sheet. Simulta ...
Gorilla Technology Announces Completion of Preferred Share Conversion, Eliminating Overhang and Strengthening Capital Position
Newsfile· 2024-12-18 13:00
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 Boasts $2B+ Pipeline, Plans Buyback Fund Growth
ZACKS· 2024-12-17 15:30
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 Gains Momentum With $2 Billion Pipeline
Seeking Alpha· 2024-12-17 03:57
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 ...
Gorilla Announces Transformative Milestones, a $2 Billion Pipeline and Strong Growth Outlook Following Investor Webinar
Newsfile· 2024-12-16 13:00
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]
Gorilla Technology Group Adds Tech Luminary Thomas Sennhauser to Board of Directors
Newsfile· 2024-12-02 13:00
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 ...
Gorilla Technology Shortlisted for a Groundbreaking Smart Education Project in Southeast Asia
Newsfile· 2024-11-27 13:00
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 ...
Gorilla and BroadSat Sign Partnership to Revolutionize the Future of Digital Connectivity
Newsfile· 2024-11-25 13:00
- 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 ...
Join Gorilla Technology's Exclusive Live Investor Webinar and Q&A Session on December 12
Newsfile· 2024-11-21 21:15
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 ...