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X @Forbes
Forbes· 2025-09-17 01:55
San Mateo County pumped $12 million into a grand AI surveillance system made by billionaire Tom Siebel’s C3 AI that was supposed to level up its police work. Three years into the project, cops say they still haven’t seen the benefits.https://t.co/9OjAEzw2VR https://t.co/B3ncVUetDu ...
X @Forbes
Forbes· 2025-09-16 19:55
San Mateo County pumped $12 million into a grand AI surveillance system made by billionaire Tom Siebel’s C3 AI that was supposed to level up its police work. Three years into the project, cops say they still haven’t seen the benefits.https://t.co/9OjAEzw2VR https://t.co/sBciXQKmqG ...
X @Forbes
Forbes· 2025-09-16 13:50
San Mateo County pumped $12 million into a grand AI surveillance system made by billionaire Tom Siebel’s C3 AI that was supposed to level up its police work. Three years into the project, cops say they still haven’t seen the benefits.https://t.co/9OjAEzw2VR https://t.co/WbmFnn8Ml7 ...
Gorilla(GRRR) - 2025 Q1 - Earnings Call Transcript
2025-06-18 21:32
Financial Data and Key Metrics Changes - Revenue for the quarter reached $18.3 million, reflecting a 109% year-on-year growth [8] - Adjusted EBITDA was $5.16 million, a 48% increase year-on-year [8] - Adjusted net income stood at $4.47 million, marking a 46.7% increase [8] - Total cash reserves, both restricted and unrestricted, closed the quarter at $33.8 million, while debt decreased from over $20 million to $18.4 million [9][10] Business Line Data and Key Metrics Changes - The company is focusing on smart infrastructure, AI security, and national digital systems, with significant progress in these areas [5] - The company has secured national infrastructure contracts and is moving from negotiation to execution phase [6] Market Data and Key Metrics Changes - The company is expanding its operations across the United States, Latin America, Southeast Asia, and East Asia [4] - The backlog for 2025 is projected at $93 million, primarily from existing contracts [44] Company Strategy and Development Direction - The company is focused on converting its pipeline into revenue and is engaged in multiyear contracts, with an average duration of seven to ten years [40] - The company is pursuing strategic acquisitions in Southeast Asia to enhance operational depth and local scale [43] - The company aims for profitable growth while maintaining financial discipline [41] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to tackle new projects without needing to raise outside funding [17] - The company anticipates a strong performance in 2026, with a backlog of $70 million already shaping up [14] Other Important Information - The company has a $10 million share buyback program, with $4.6 million remaining capacity [11] - The One Amazon partnership involves a total commitment of $5 million, with ongoing discussions for further investments [12][61] Q&A Session Summary Question: Update on the Royal Thai tourist police contract - Management confirmed that the project has exceeded expectations, with a signed agreement expected to total between $500 million to $550 million over five to six years [25][21] Question: Progress on the $400 million smart education contracts - Management reported being in late-stage negotiations for two education projects, including an additional $80 million for smart cloud infrastructure [28] Question: Steps to sustain growth - Management outlined key steps including converting pipeline into revenue, entering multiyear contracts, and pursuing strategic acquisitions [40][41] Question: Expectations for sequential revenue growth and gross margins - Management indicated that while they do not guide specific quarterly growth, the second half of the year is expected to be stronger than the first half [50] Question: Details on the Amazon contract investment - Management clarified that the investment is part of a SAFE agreement, which guarantees equity in the future [58][61]
Gorilla(GRRR) - 2025 Q1 - Earnings Call Transcript
2025-06-18 21:30
Financial Data and Key Metrics Changes - Revenue for Q1 2025 reached $18.3 million, reflecting a 109% year-on-year growth [7] - Adjusted EBITDA was $5.16 million, a 48% increase year-on-year, while adjusted net income was $4.47 million, marking a 46.7% increase [7] - Total cash reserves at the end of the quarter were $33.8 million, with debt reduced from over $20 million to $18.4 million, and further reduced to $17 million post-quarter [8][9] Business Line Data and Key Metrics Changes - The company is focusing on smart infrastructure, AI security, and national digital systems, with significant progress in securing contracts across various sectors [5] - The company has a $5 billion pipeline with real deals being executed across multiple regions, indicating strong operational execution [6][14] Market Data and Key Metrics Changes - The company is expanding its presence in the United States, Latin America, Southeast Asia, and East Asia, transitioning from negotiation to execution of contracts [4][5] - The backlog for 2025 is projected at $93 million, primarily from existing contracts, while the backlog for 2026 is at $70 million [48] Company Strategy and Development Direction - The company is committed to profitable growth, focusing on long-term contracts averaging 7 to 10 years, and is actively pursuing strategic acquisitions in Southeast Asia [44][47] - The company is also engaged in a significant partnership with One Amazon, aimed at environmental monitoring and creating a new financial framework for valuing natural capital [62][64] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to convert momentum into lasting infrastructure and long-term impact, emphasizing the importance of operational execution [81] - The company anticipates a strong performance in 2026, with a focus on scaling operations and expanding partnerships [6][14] Other Important Information - The company has authorized a $10 million share buyback program, with $5.4 million spent in the last twelve months [11] - The company is maintaining a strong balance sheet, with a focus on cash flow and reducing debt [16] Q&A Session Summary Question: Update on the Royal Thai tourist police contract - The Royal Thai project has exceeded expectations, with a signed purchase order expected to be between $50 million to $60 million, and a total project size anticipated to be $500 million to $550 million over five to six years [27][24] Question: Progress on the $400 million smart education contracts - The company is in late-stage negotiations for two education projects, including an additional $80 million for smart cloud infrastructure [32] Question: Steps to sustain growth - The company is focusing on converting pipeline into revenue, entering multiyear contracts, exploring new markets, maintaining financial discipline, and pursuing strategic acquisitions [41][44][46] Question: Current state of the pipeline and backlog - The backlog for 2025 is $93 million, primarily from existing clients, while the backlog for 2026 is $70 million, with several new contracts expected to start [48] Question: Expectations for sequential revenue growth and gross margins - The company does not provide quarterly guidance but expects stronger performance in the second half of the year, with gross margins targeted at 40% to 45% for the year [52][53] Question: Details on the Amazon contract investment - The company has invested $5 million in a SAFE agreement with One Amazon, which is focused on environmental monitoring and creating a new financial framework [58][62]