Gorilla(US:GRRR)2026-01-28 22:17Summary of Gorilla Technology Group Conference Call Company Overview - Company: Gorilla Technology Group (NasdaqCM: GRRR) - Date of Call: January 28, 2026 - Speakers: Jay Chandan (Chairman and CEO), Bruce Bauer (CFO) Key Points Financial Performance and Projections - Backlog: The company has a signed backlog exceeding $100 million, which is tied to delivery milestones and represents contracted revenue [4][7] - Revenue Guidance for 2026: Expected revenue is projected to be between $137 million and $200 million, driven by backlog and ramp-up in data center programs across Asia, the Middle East, and Europe [5][7] - Data Center Deployment: Targeting deployment of up to 100 megawatts by the end of 2026, with plans for several hundred megawatts in subsequent years [6][7] Market Opportunities - Pipeline: Actively pursuing deals exceeding $10 billion in AI infrastructure and data centers [5][7] - U.S. Acquisition: The company is in the process of a U.S. acquisition, which has been delayed due to government shutdowns affecting procurement and approvals [12][13] - Client Contracts: A significant contract worth $1.4 billion is in place, with the contractor based in Singapore, focusing on AI data center backbone work [15][16] Technology and Infrastructure - AI Data Center Development: The company is focusing on building AI reasoning workloads and deploying advanced GPU systems, including the B300 Grace Blackwell architecture [16][17] - Strategic Partnerships: Collaborating with major partners like NVIDIA, Broadcom, and HPE to enhance delivery capabilities globally [13][14] Financial Strategy - Project Financing: Emphasis on non-dilutive project-level capital to maintain corporate cash discipline [19][22] - Buyback Program: Increased buyback authorization to $20 million, with over $11 million already repurchased [35][38] Market Dynamics - Rising Costs: Anticipated increases in NVIDIA product prices (60%-70% for DRAM, 20%-40% for HBM3e) are expected to impact gross margins, but the company has structured contracts to manage these costs effectively [27][29] - Demand Trends: Increased urgency from clients to secure allocations as prices rise, indicating strong demand for compute resources [30][31] Regional Focus - India and Southeast Asia: The AI data center market in India is projected to grow from $1.9 billion to $4 billion in the coming years, with significant infrastructure expansion [32][33] - Global Expansion: The company is also exploring opportunities in the Middle East, including Saudi Arabia and the UAE, while maintaining operations in Egypt [51][56] Compliance and Governance - Regulatory Compliance: Commitment to transparency and compliance with SEC reporting obligations, ensuring accurate disclosures [26][46] R&D and Product Development - Video Analytics and SDK: The company has an existing SDK for video analytics and is actively developing integrated solutions for smart city applications [60][61] Conclusion - Gorilla Technology Group is positioned for significant growth in the AI infrastructure and data center market, with a strong backlog, strategic partnerships, and a disciplined financial approach. The company is navigating challenges in the market while focusing on execution and compliance.