Powering the World's First Internet of Forests - Building a Sustainable Future for Generations to ComeFebruary 18, 2025 8:00 AM EST | Source: Gorilla Technology Group Inc.Miami, Florida--(Newsfile Corp. - February 18, 2025) - Gorilla Technology Group Inc. (NASDAQ: GRRR) ("Gorilla" or the "Company") is proud to announce the signing of a landmark, multi-year agreement with the US based ONE AMAZON. The ONE AMAZON partnership led by Rodrigo Veloso, includes prominent organizations such as AECOM, C ...

London, United Kingdom--(Newsfile Corp. - February 10, 2025) - Gorilla Technology Group Inc. (NASDAQ: GRRR) ("Gorilla" or the "Company") today announces the formal closure of its At-The-Market (ATM) programme, reaffirming its unwavering commitment to protecting shareholder value and ensuring no further dilution.Following its bold share buyback initiative, Gorilla continues to prioritise shareholder interests by eliminating any potential market concerns about stock dilution. This strategic move underscores ...

London, United Kingdom--(Newsfile Corp. - February 7, 2025) - Gorilla Technology Group Inc. (NASDAQ: GRRR) ("Gorilla" or the "Company") is pleased to invite investors to a webinar on February 18, 2025, 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 valuable insights into the Company's role as a global leader in AI-driven nternet of Things (IIOT) solutions, security converge ...

Group 1 - Gorilla Technology Group (NASDAQ: GRRR) has experienced a volatile trading environment recently, contrasting with a long period of stability [1] - The ongoing debate between bearish and bullish perspectives on the stock is expected to continue [1]

Bangkok, Thailand--(Newsfile Corp. - January 27, 2025) - Gorilla Technology Group Inc. (NASDAQ: GRRR) ("Gorilla" or the "Company"), announced, that they are now advancing to the design and development phase. This next step involves implementing advanced customisation and integration solutions that will transform Thailand into Southeast Asia's hub for AI-powered tourism safety.To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/10783/238519_ac175d6f8436e839_001ful ...

Core Viewpoint - Gorilla Technology Group Inc. (GRRR) is taking measures to stabilize market sentiment and investor trust following recent stock volatility, including a significant share buyback program and clarifications regarding its financial position and project pipeline [1][2][3][4]. Financial Actions - The company expanded its share buyback program from $6 million to $10 million, indicating a belief that its stock is undervalued and aiming to enhance investor confidence [2]. - GRRR has utilized $3.8 million of its initial $6 million share repurchase program [2]. Financial Position - Gorilla Technology reported $47 million in cash reserves and emphasized a project pipeline exceeding $2 billion, which is expected to provide consistent revenue streams and support long-term growth [3]. - The company has a strong project backlog of $93 million, indicating robust future revenue potential [5]. Clarifications and Misconceptions - The recent stock dilution was attributed to previously disclosed conversions of preferred shares and warrant exercises, not new equity issuance [4]. - The company refuted claims of reliance on a single client, highlighting a diverse and expanding contract pipeline across various sectors and regions [4]. Regulatory Concerns - GRRR has gathered evidence suggesting potential illegal market manipulation affecting its stock and has reached out to the U.S. Securities and Exchange Commission for investigation, although progress has been limited [6]. Stock Performance - Over the past year, shares of Gorilla Technology have increased by 127.3%, significantly outperforming the industry average increase of 45.4% [7].

Core Viewpoint - Gorilla Technology Group Inc. is addressing shareholder concerns regarding stock fluctuations by emphasizing its strong financial position and commitment to sustainable growth and long-term value creation [1][2]. Financial Position and Buyback Program - The board of directors approved an increase in the share buyback program from $6 million to $10 million, indicating that the current share price does not reflect the company's intrinsic value [3]. - The company has utilized $3.8 million of the buyback allocation for share repurchases and plans to expand the program to open-market purchases after the 2024 fiscal earnings release [4]. Market Clarifications - The updated share count of 18,464,651 shares outstanding follows the conversion of preferred shares and warrant exercises, which do not indicate new equity issuance or additional dilution [5]. - Claims of reliance on a single contract are false; the company has diversified its pipeline and secured multiple contracts beyond the MENA project [5]. - The company has over $30 million in outstanding invoices to government customers and expects to receive over $50 million in payments by the end of Q1 2025 [6]. Strategic Growth and Partnerships - Gorilla is entering 2025 with a $93 million backlog of signed contracts and a pipeline exceeding $2 billion in project opportunities [10]. - Recent partnerships include a memorandum of understanding to transform Santa Marta into an AI-powered smart city, showcasing the company's leadership in urban innovation [10]. - The opening of a Seattle office marks a significant expansion into the U.S. market, with ongoing negotiations for a significant contract [11]. Commitment to Shareholders - The company is dedicated to maintaining transparent communication with shareholders and is focused on delivering results that reinforce investment value [2][12]. - The management team is committed to protecting shareholder interests and ensuring long-term value creation [12][13].

Company Analysis - Gorilla Technology Group (NASDAQ: GRRR) is rated "Strong Buy" with a near-perfect score of 4.99/5.00 in Seeking Alpha's Quant Ratings system, indicating strong potential for alpha generation [1] - The company is compared to Quantum Computing (QUBT) in terms of investment appeal, suggesting it operates in a high-growth or innovative sector [1] Investment Strategy - The author employs a generalist investment approach, exploring and analyzing any sector with perceived alpha potential relative to the S&P 500 [1] - Typical holding periods range from a few quarters to multiple years, indicating a focus on medium to long-term investments [1] Author Background - The author manages a family portfolio primarily through a Self Managed Super Fund, emphasizing a structured, evidence-based investment thesis [1] - The author's performance is highlighted as a key metric for evaluating the quality of their investment recommendations [1]

Gorilla Technology Group Inc. (GRRR) recently announced its updated share count and provided its market capitalization figure. This has sparked mixed reactions among investors.Let’s see why.As of Jan. 3, 2025, the London-based company reported having 18,464,651 ordinary shares outstanding, reflecting the full conversion of all preference shares and the exercise of 2,663,750 Series A, Series B and Series C warrants. With its share price at $24.33 on Jan. 2, 2025, its market capitalization stands at $449.2 mi ...

Core Insights - Gorilla Technology Group Inc. has updated its share count and market capitalisation, reflecting strong investor confidence and financial position [1][4] Share Count and Warrant Exercises - As of January 3, 2025, Gorilla has 18,464,651 ordinary shares outstanding, which includes the full conversion of preference shares and the exercise of 2,663,750 Series A, B, and C warrants [2] - The company has raised over $15.7 million from the exercise of these warrants, enhancing its cash position [2] Market Capitalisation - Based on a closing market share price of $24.33 as of January 2, 2025, Gorilla's market capitalisation is approximately $449.2 million [3] Financial Position and Strategic Initiatives - The Chief Financial Officer highlighted that the recent milestones demonstrate strong investor confidence and will enable the company to accelerate strategic initiatives and deliver innovative solutions [4] - The company believes it is well-positioned for long-term success due to a solid balance sheet and continued momentum [4] Company Overview - Gorilla Technology Group Inc. is a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence, and IoT technology, serving various sectors including Government, Manufacturing, Telecom, Retail, Transportation, Healthcare, and Education [5] - The company focuses on enhancing urban operations, security, and resilience through AI-driven technologies such as intelligent video surveillance and advanced cybersecurity [6]