Core Insights - Gorilla Technology Group Inc. will participate in an investor webinar on January 28, 2026, to discuss its latest milestones and strategic objectives for 2026 [1][2]. Company Overview - Gorilla Technology Group Inc. is a global solution provider specializing in AI-driven Security Intelligence, Network Intelligence, Business Intelligence, and IoT technology, with over 24 years of operating history and 29 granted patents [3]. - The company is headquartered in London, U.K., and offers a wide range of solutions across various sectors, including Government & Public Services, Manufacturing, Telecom, Retail, Transportation & Logistics, Healthcare, and Education [4]. Financial Performance - Gorilla has a growing pipeline exceeding $7 billion, driven by strong demand for GPU-as-a-Service infrastructure, AI-powered smart cities, and mission-critical security platforms [3]. - Recent milestones include a $1.4 billion multi-year partnership to deploy AI-ready data centers in Southeast Asia and continued expansion of public safety programs in Asia and Latin America [3]. - The company reaffirmed its 2025 revenue guidance of $100-$110 million with EBITDA margins of 20-25% and expects 2026 revenue to range from $137 million to $200 million, reflecting increasing scale and sustained momentum [3].

Core Viewpoint - Cantor Fitzgerald initiated coverage of Allot Ltd. (ALLT) with an Overweight rating and a price target of $15, highlighting the company's transition to a security-first consumer company with Security as a Service (SECaaS) as the main growth driver [1] Group 1: Company Transition and Growth - Allot is moving from being a mature network intelligence vendor to focusing on security services, indicating a strategic shift in its business model [1] - The primary growth driver for Allot is identified as SECaaS, which is expected to enhance the company's fundamentals and recurring revenue [1] Group 2: Market Position and Valuation - Despite the strong momentum and carrier-led wins, Allot's shares are trading at a significant discount compared to its peers, suggesting potential for growth and a re-rating of its market multiple [1] - The analyst notes that the combination of improving fundamentals and rising recurring revenue positions Allot for renewed growth [1]

Core Viewpoint - Allot Communications is transitioning from a network-intelligence provider to a security-focused consumer company, with security-as-a-service (SECaaS) as the main growth driver [1] Group 1: Financial Performance - SECaaS accounted for 28% of Allot's revenue, with annual recurring revenue increasing by 60% year over year in Q3 2025 [2] - Cantor Fitzgerald expects SECaaS to exceed 60% of total revenue over time, driven by carrier-led distribution and rising demand for security offerings [2] Group 2: Strategic Developments - Recent contract wins, including partnerships with Verizon Business and a large Tier-1 EMEA SG-Tera III deployment, provide multi-year visibility and potential upside to forecasts [3] - Allot's current trading valuation is approximately 3.8x estimated FY26 EV/sales, significantly lower than peers at around 7.4x [3] Group 3: Growth Potential - Expanding recurring revenue, high incremental margins at scale, and multiple growth catalysts support the potential for renewed growth and a valuation re-rating [3]

Financial Data and Key Metrics Changes - Revenue for Q3 2025 was $26.4 million, representing a 14% year-over-year increase [5][11] - Non-GAAP operating income was $3.7 million, compared to $1.1 million in Q3 2024 [12] - Non-GAAP net income was $4.6 million, or $0.10 per diluted share, compared to $1.3 million, or $0.03 per diluted share, in the same quarter last year [13][14] - Cash and investments totaled $81 million as of September 30, 2025, up from $59 million at the end of 2024, with no debt [15] Business Line Data and Key Metrics Changes - Cybersecurity as a Service (CCAS) revenue was $7.3 million in Q3 2025, up 60% year-over-year, comprising 28% of total revenue [11][12] - CCAS Annual Recurring Revenue (ARR) as of September 2025 was $27.6 million [11] - The Smart product for network intelligence also contributed to growth, with a strong pipeline and backlog [8][9] Market Data and Key Metrics Changes - Increased sales in the Americas, particularly from a large Smart order and growing contributions from the U.S. market [11] - Recurring revenue as a percentage of total revenue increased to 63% in Q3 2025, up from 58% in Q3 2024 [12] Company Strategy and Development Direction - The company is executing a cybersecurity-first strategy and focusing on a renewed go-to-market approach [6][9] - The introduction of OPNET Secure aims to enhance cybersecurity protection for end customers, expanding the service beyond the operator's infrastructure [7][19] - The company is optimistic about long-term growth, with expectations for CCAS ARR to surpass 60% year-over-year growth by year-end 2025 [10][33] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's strong financial position and growth strategy, highlighting the positive momentum in CCAS and network intelligence solutions [6][9] - The competitive landscape is viewed as more favorable, with unique technology providing a competitive edge [25] - Management anticipates continued growth in both CCAS and Smart product lines, supported by a robust pipeline and backlog [9][11] Other Important Information - The company completed a $46 million follow-on share offering, enhancing its financial resources for growth initiatives [14] - The company reported positive operating cash flow for the third consecutive quarter, totaling $4 million in Q3 2025 [14] Q&A Session Summary Question: Increased traction with major telecom customers - Management noted positive trends in both tax rates and new services launched, contributing to significant growth in CCAS revenue and ARR [17] Question: Details on the first customer for OPNET Secure - The first customer aims for 24/7 protection for their customers, combining network security with OPNET services [19][20] Question: Drivers of CCAS growth - Growth is primarily from new customer contracts and the onboarding of additional customers from existing contracts [23] Question: Competitive landscape for network intelligence offerings - The competitive environment is currently more favorable, with unique technology providing a competitive edge [25] Question: Drivers of growth in larger CCAS contracts - Growth is driven by new customer additions and upselling additional services to existing customers [28] Question: Terra 3's role in customer conversations - The company is focusing on customer success and maintaining a healthy mix of new and existing customer opportunities [35]

Core Viewpoint - Gorilla Technology Group Inc. has resolved its litigation with Culper Research through a confidential non-monetary settlement, allowing the company to focus on its growth strategy and operational results [1][2][3] Company Developments - The company has an active pipeline exceeding $5.6 billion and has secured new capital while expanding its global customer base [2][3] - Gorilla's first quarter earnings, released on June 18, 2025, demonstrate continued momentum and operational progress [3] Industry Position - Gorilla Technology Group is a global solution provider specializing in Security Intelligence, Network Intelligence, Business Intelligence, and IoT technology, serving various sectors including Government, Manufacturing, Telecom, Retail, Transportation, Healthcare, and Education [4][5] - The company leverages AI and Deep Learning technologies to enhance urban operations, security, and resilience, focusing on intelligent video surveillance, facial recognition, and advanced cybersecurity [5]