reports
Gorilla Technology Releases Full Year Audited Financials for 2023
Gorilla Technology Releases Full Year Audited Financials for 2023 LONDON, May 17, 2024 (GLOBE NEWSWIRE) -- Gorilla Technology Group Inc. (NASDAQ: GRRR) ("Gorilla" or the “Company”), a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence and IoT technology, today announced the release of its full year audited financials for 2023 on their form 20-F with the SEC. "We have cemented our position in the AI landscape and this is just the beginning,” said Jay Chandan, Chairman & CEO of Gorilla. “Our outstanding financial performance and momentum aims to ...
Gorilla and MTI Unveil Strategic Alliance to Pioneer Advanced Manufact...
Gorilla and MTI Unveil Strategic Alliance to Pioneer Advanced Manufacturing Hub in Egypt LONDON, May 06, 2024 (GLOBE NEWSWIRE) -- (NASDAQ: GRRR) ("Gorilla" or the “Company”), a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence, and IoT technology, today announced a strategic partnership with Misr Trade & Investment Group (“MTI”), a technology and logistics solutions leader in the MENA region. The partnership reinforces both parties’ commitment to revolutionizing the global cybersecurity market with advanced technological solutions and optimize...
Gorilla Technology Lanner Launch Cutting-Edge Security Convergence Dev...
Gorilla Technology Lanner Launch Cutting-Edge Security Convergence Devices to Transform Cybersecurity Landscape — Introducing the Future of Cybersecurity: Security Convergence Devices by Gorilla LONDON, April 15, 2024 (GLOBE NEWSWIRE) -- (NASDAQ: GRRR) ("Gorilla" or the “Company”), a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence, and IoT technology, today introduced its new line of Security Convergence Devices, developed in collaboration with Lanner. These hardware appliances lead the market in innovation and efficiency and epitomize Gor...
Gorilla Technology Announces 10:1 Reverse Stock Split
Gorilla Technology Announces 10:1 Reverse Stock Split LONDON, April 15, 2024 (GLOBE NEWSWIRE) -- Gorilla Technology Group Inc. (NASDAQ: GRRR) ("Gorilla" or the “Company”), a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence, and IoT technology, announced on April 9, 2024 that it will implement a 1-for-10 reverse stock split of its shares, effective April 15, 2024. The reverse split it is intended to regain compliance with Nasdaq’s minimum bid price requirement before the May 1, 2024 deadline. Gorilla shareholders approved the reverse split at ...
Gorilla Technology and Thames Freeport Announce Strategic Alliance, Ad...
Gorilla Technology and Thames Freeport Announce Strategic Alliance, Advancing Smart City Innovations and Fostering Trade Partnerships LONDON, April 10, 2024 (GLOBE NEWSWIRE) -- Gorilla Technology Group Inc. (“Gorilla”) (NASDAQ: GRRR), a global leader in Security Intelligence, Network Intelligence, Business Intelligence, and IoT technology, today announced they have signed a Memorandum of Understanding (MOU) with Thames Freeport, a pivotal hub for trade and logistics in the United Kingdom. This strategic alliance is set to revolutionise the Thames Freeport area, aligning an ambitious Smart...
CORRECTION – Gorilla Reports Record 2023 Financial Results
CORRECTION – Gorilla Reports Record 2023 Financial Results In a release issued under the same headline earlier today by Gorilla Technology Group Inc. (NASDAQ: GRRR), the Consolidated Income Statement table was not included. The Consolidated Income Statement table is included in this release as the only change. Complete corrected text follows. LONDON, April 04, 2024 (GLOBE NEWSWIRE) -- -- 2023 revenues up 189% YoY compared to 2022, highlighting continued success globally ---- High value product and services business model reflected in 2023 gross margin of 69% ---- Total net income of $1...
- John Roy
- Ph.D
FY23 Net Earnings Turn Profitable; Revenue Up 189% Y/Y; Gross Margin u...
Gorilla Technology reported a very strong FY23, with adjusted EBITDA of $29.0 million, compared with ($6.0) million for FY22. Revenue jumped 189% to $64.7 million, while gross margin increased nearly 30 points to 69.1%. Full-year 2023 net income of $19.9 million was also a turnaround from the $87.5 million loss in 2022. The stock traded up 23% pre-market after the earnings release. The profit turnaround was driven by: (1) a focus on expense management, driven by improving operational efficiency;...
Gorilla Reports Record 2023 Financial Results
Gorilla Reports Record 2023 Financial Results -- 2023 revenues up 189% YoY compared to 2022, highlighting continued success globally ---- High value product and services business model reflected in 2023 gross margin of 69% ---- Total net income of $19.9 million, compared to ($87.5 million), a 123% increase YoY ---- Adj. EBITDA of $29.0 million, compared to ($6.0) million, a 587% increase YoY -- LONDON, April 04, 2024 (GLOBE NEWSWIRE) -- Gorilla Technology Group Inc. (NASDAQ: GRRR) (“Gorilla” or the “Company”), a global solution provider in Security Intelligence, Network Intelligence, Bus...
Gorilla Technology Group, in Partnership with Protactics, Secures Cont...
Gorilla Technology Group, in Partnership with Protactics, Secures Contract to Pioneer Security Solutions in Colombia LONDON, April 02, 2024 (GLOBE NEWSWIRE) -- Gorilla Technology Group Inc. (NASDAQ: GRRR) ("Gorilla"), a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence, and IoT technology, today announced its recent success in securing a significant contract to implement its cutting-edge Security Convergence Smart City Video Analytics Solutions in the Casanare province of Colombia. This venture is conducted in close collaboration with esteemed ...
Gorilla Technology Group to Introduce Security Solutions in Thailand’s...
Gorilla Technology Group to Introduce Security Solutions in Thailand’s Expanding Data Center Market Expansion into Thailand Includes a Full Suite of Data Center Solutions for Both Physical and Cyber Domains, Ensuring Comprehensive Security Convergence LONDON, March 28, 2024 (GLOBE NEWSWIRE) -- Gorilla Technology Group Inc. (NASDAQ: GRRR) ("Gorilla"), a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence, and IoT technology, today announced its further expansion in the Thailand market, tackling its burgeoning data center needs by introducing a c...
Gorilla Technology Group and Lanner Electronics Inc. Forge Strategic P...
Gorilla Technology Group and Lanner Electronics Inc. Forge Strategic Partnership to Develop AI-Enabled Cybersecurity Products in MENA Region --New Partnership Enables Gorilla Technology Group to Expand on Already Significant Presence in the Middle-East and North Africa Region----Raises the Benchmark for Integrated Security Solutions-- LONDON, March 04, 2024 (GLOBE NEWSWIRE) -- Gorilla Technology Group Inc. ("Gorilla") (NASDAQ: GRRR), a global leader in Security Intelligence, Network Intelligence, Business Intelligence, and IoT technology, and Lanner Electronics Inc. (“Lanner”), a renowne...
- John Roy
- Ph.D
CEO Highlights Business Strengths, International Successes, and Growth...
On February 20, WTR held a fireside chat with Chairman and CEO Jay Chandan. The conversation can be accessed on-demand in our full report. Overall, the discussion highlighted the company’s success moving into new markets and its vision for the future. Chandan highlighted the results of Gorilla’s recent first nine months of 2023 earnings, including: (1) likely growing 2023 revenue more than 300% Y/Y (final numbers are not out yet); (2) closing 2023 with more than $300 million in contracts won; (3...
Gorilla Announces $10 Million Registered Direct Offering of Convertibl...
Gorilla Announces $10 Million Registered Direct Offering of Convertible Preferred Stock LONDON, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Gorilla Technology Group Inc. (“Gorilla”) (NASDAQ: GRRR), a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence, and IoT technology, today announced that it has entered into securities purchase agreements with existing institutional investors for the purchase and sale of 10,000 Series B convertible preference shares (the “Series B preference shares”) at a purchase price of $1,000 per share pursuant to a registered dire...
Gorilla Technology Lands Groundbreaking Deal with Major Hospital Netwo...
Gorilla Technology Lands Groundbreaking Deal with Major Hospital Network in Thailand -- Establishes groundwork for further expansion in the region and globally –--- A leading Video Management System with Intelligent Video Analytics in Thailand-- LONDON, Feb. 12, 2024 (GLOBE NEWSWIRE) -- Gorilla Technology Group Inc. ("Gorilla") (NASDAQ: GRRR), a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence, and IoT technology, today announced they have secured the winning bid for Comprehensive Video Management System with Intelligent Video Analytics So...
Gorilla Technology Expands Middle East and Northern Africa Operations ...
Gorilla Technology Expands Middle East and Northern Africa Operations as Part of Global Expansion Strategy -- Opens New Egyptian Office in Cairo ---- Expanding Regional Presence Through Value-Added Services ---- Strategic Initiatives to Propel Success -- LONDON, Feb. 07, 2024 (GLOBE NEWSWIRE) -- Gorilla Technology Group Inc. ("Gorilla") (NASDAQ: GRRR), a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence, and IoT technology, today announced new developments in the Middle East and Northern Africa ("MENA") region that support Gorilla’s global exp...
- John Roy
- Ph.D
Significant Beat for First Nine Months 2023; Revenue up 105% Y/Y; Adju...
Gorilla Technology reported a strong first nine months of 2023, with adjusted EBITDA of $13.4 million versus a $4 million loss for the same period the previous year. The stock closed up 96% after the earnings release. The profit turnaround was driven by: (1) revenue growth of more than 100% to $38.0 million for nine months (analysts were expecting $21.8 million); and (2) an increase in gross margin from 33.2% a year ago to 76.5% for the ninemonth period. CEO Jay Chandan described the results as ...
Gorilla Technology Group Reports Results Through Third Quarter 2023
Gorilla Technology Group Reports Results Through Third Quarter 2023 – Q3 revenues far exceeded total revenue of 2022 – – High value Product driven & Services business model reflected in 76.5% gross margin –– Won sales exceeded internal target of $68 million, standing at $300 million (a 441% increase) –– Achieved discounted run rate revenues of $88 million in Q3 –– Solid visibility with sales pipeline over $1 billion – LONDON, Feb. 05, 2024 (GLOBE NEWSWIRE) -- Gorilla Technology Group Inc. (“Gorilla”) (NASDAQ: GRRR), a global provider of AI-based edge video analytics, IoT technologies, an...
Gorilla Technology Group’s AI Solution Assists London’s Metropolitan P...
Gorilla Technology Group’s AI Solution Assists London’s Metropolitan Police Secure Successful Convictions in Complex Homicide Investigation LONDON, Jan. 04, 2024 (GLOBE NEWSWIRE) -- Gorilla Technology Group Inc. ("Gorilla") (NASDAQ: GRRR), a global provider of AI-based edge video analytics, IoT technologies, and security convergence, today proudly announces the successful application of its Smart Policing Solution, in assisting the London's Metropolitan Police Service (“Met”) in the recent murder case of Susan Hawkey in Neasden. Gorilla’s Post Event based Smart Policing Solution play...
Gorilla Expands Global Presence with New Distribution Company in Egypt...
Gorilla Expands Global Presence with New Distribution Company in Egypt and Commits to Invest Up to $100 Million to Support Regional Growth • Commitment to invest up to $100 million underscores dedication to contributing to the development of the region • Enables Gorilla to efficiently manage operations and support customers in Egypt and greater Middle East Region LONDON, Dec. 20, 2023 (GLOBE NEWSWIRE) -- Gorilla Technology Group Inc. (“Gorilla”) (NASDAQ: GRRR), a global provider of Smart Country AI, IoT technologies and Cybersecurity, is proud to announce the establishment of its n...
Gorilla Technology Group Collaborates with Red Hat to Bring State-of-t...
Gorilla Technology Group Collaborates with Red Hat to Bring State-of-the-Art Cloud Infrastructure to Smart Government Security Convergence Solutions LONDON, Dec. 11, 2023 (GLOBE NEWSWIRE) -- Gorilla Technology Group Inc. ("Gorilla") (NASDAQ: GRRR), a global provider of AI-based edge video analytics, IoT technologies, and security convergence, today announced its collaboration with Red Hat, the world’s leading provider of enterprise open-source solutions. Gorilla aims to revolutionize Smart Government Security Convergence solutions leveraging Red Hat OpenShift Virtualization, a feature of ...
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