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 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 110 million, up from a previous target of 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 20 billion to drive digital transformation using Gorilla's solutions [5].
Gorilla Signals Confidence With Buybacks & Insider Purchases, Up 8.2%