reports
Gorilla Announces Share Buyback of Up To $6 Million as It Deems Shares...
Gorilla Announces Share Buyback of Up To $6 Million as It Deems Shares To Be Undervalued Key Highlights: Share Repurchase Underway: To repurchase 1.1 million shares, closing in the next five business days.Unaudited H1 2024 financials expected by September 30, 2024.Holding Free cash reserves exceed $40 million; Current assets total over $58 million, including restricted capital; Real estate holdings valued at over $25 million LONDON, Sept. 13, 2024 (GLOBE NEWSWIRE) -- Gorilla Technology Group Inc. (“Gorilla” or the “Company”) (NASDAQ: GRRR) is thrilled to announce an ambitious and strate...
Gorilla Technology Group Appoints Keith Levy to Board of Directors
Gorilla Technology Group Appoints Keith Levy to Board of Directors LONDON, July 15, 2024 (GLOBE NEWSWIRE) -- Gorilla Technology Group Inc. (NASDAQ: GRRR) ("Gorilla" or the “Company”), a global solutions provider in Security Intelligence, Network Intelligence, Business Intelligence and IoT technology, today announced Keith Levy, former Head of Corporate Derivatives Trading for Bank of America, has joined Gorilla’s Board of Directors. "We are delighted to welcome Keith Levy to our Board of Directors. His vast experience and proven leadership in the financial sector will be invaluable as we...
Gorilla Technology to Participate in Water Tower Fireside Chat Series
Gorilla Technology to Participate in Water Tower Fireside Chat Series LONDON, June 14, 2024 (GLOBE NEWSWIRE) -- Gorilla Technology Group Inc. (“Gorilla” or the “Company”) (NASDAQ: GRRR), a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence, and IoT technology, today announced that Chairman and CEO Jay Chandan will participate in a live Water Tower Research Fireside Chat Series on Thursday, June 20 at 11 am ET. This event is open access for all investors to participate. Topics will include: The company’s recent project winsThe recently complet...
UPDATE -- Gorilla on a Roll
UPDATE -- Gorilla on a Roll LONDON, June 13, 2024 (GLOBE NEWSWIRE) -- Gorilla Technology Group Inc. (NASDAQ: GRRR) (“Gorilla” or the “Company”) today released a letter to its stockholders. The letter follows: Gorilla Stockholders, We, at Gorilla Technology, understand that the recent drop in our stock share price may have caused concern. However, I want to assure you that we are diligently navigating these turbulent waters and making significant progress in our core projects. Before addressing the market concerns, I am excited to share some of our recent achievements that underscore our...
Gorilla on a Roll
Gorilla on a Roll LONDON, June 13, 2024 (GLOBE NEWSWIRE) -- Gorilla Technology Group Inc. (NASDAQ: GRRR) (“Gorilla” or the “Company”) today released a letter to its stockholders. The letter follows: Gorilla Stockholders, We, at Gorilla Technology, understand that the recent drop in our stock share price may have caused concern. However, I want to assure you that we are diligently navigating these turbulent waters and making significant progress in our core projects. Before addressing the market concerns, I am excited to share some of our recent achievements that underscore our commitme...
Gorilla Announces $12 Million Registered Direct Offering
Gorilla Announces $12 Million Registered Direct Offering LONDON, June 07, 2024 (GLOBE NEWSWIRE) -- Gorilla Technology Group Inc. (“Gorilla” or the “Company”) (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 2,142,858 ordinary shares of the Company and warrants to purchase up to 2,142,858 ordinary shares pursuant to a registered direct offering (the “Offering”) at a com...
Gorilla Technology and SINTRONES Partner to Develop In-Vehicle AI Comp...
Gorilla Technology and SINTRONES Partner to Develop In-Vehicle AI Computing Capabilities LONDON, May 28, 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 its strategic partnership with SINTRONES Technology Corp., a Taiwanese global provider of leading in-vehicle computer solutions. The partnership will combine SINOTRONES’ innovative in-vehicle computing technologies with Gorilla’s comprehensive smart city m...
Gorilla Technology CEO Jay Chandan to Present at Intel® AI Summit
Gorilla Technology CEO Jay Chandan to Present at Intel® AI Summit LONDON, May 21, 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 Jay Chandan, Gorilla CEO and Chairman, will showcase their offerings and discuss scaling enterprise AI systems at the “Bringing AI Everywhere” themed Intel® AI Summit in Bangkok, Thailand on May 28th, 2024. Gorilla will showcase Smart City, Security Convergence, and Video...
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...
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