Gorilla Technology Shares Repurchase and Insider Ownership Updates; To Announce Q1 Earnings

Rhea-AI Summary

Gorilla Technology Group (NASDAQ: GRRR) has announced several key developments highlighting its commitment to shareholder value. The company has completed $1.8 million in share repurchases during April and May, bringing the total buyback to $5.4 million over the past 12 months. This leaves $4.6 million remaining under the $10 million authorized buyback program.

In a significant show of confidence, insider ownership has increased as directors and officers purchased additional shares, bringing their collective ownership to nearly 20% of the company. Gorilla also announced plans to release its Q1 2025 financial results in early June, with expected progress across key markets including Southeast Asia, USA, Latin America, and the UK.

[ "Significant share buyback completion of $1.8M in April-May, with total $5.4M repurchased in 12 months", "Strong insider confidence demonstrated through increased ownership to nearly 20%", "Robust cash position allowing for continued buybacks while maintaining cash buffers", "Geographic expansion across multiple key markets (Southeast Asia, USA, Latin America, UK)" ]

Insights

Financial Analyst

Gorilla Technology's substantial share repurchases and increased insider ownership signal strong management confidence despite unclear financial performance.

Gorilla Technology's $1.8 million share repurchase in April-May brings total buybacks to $5.4 million of the $10 million authorized program. This strategic capital deployment during what the company describes as "market dislocation" suggests management sees the shares as undervalued relative to their assessment of intrinsic value.

The increasing insider ownership, now approaching 20%, represents significant skin-in-the-game from directors and officers who purchased additional shares during the recent trading window. This level of insider ownership exceeds typical NASDAQ averages and aligns management interests directly with shareholders.

However, the press release is notably light on actual financial performance details. While mentioning "continued progress" across key markets, it provides no concrete metrics on revenue growth, profitability improvements, or business momentum that would substantiate management's confidence. The timing of share repurchases during a period of "market dislocation" suggests potential price weakness, though management frames this as an opportunity.

The upcoming Q1 2025 earnings report in early June will be crucial for validating whether the company's capital allocation decisions and insider accumulation are supported by improving fundamentals. The vague reference to "continued progress" and "strengthening cash buffers" without specific figures suggests investors should maintain a measured approach until concrete financial results confirm the optimistic positioning in this announcement.

London, United Kingdom--(Newsfile Corp. - May 22, 2025) - 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 a series of significant developments underscoring its confidence in long-term value creation and sustained operational momentum.

Update on Share Repurchase Programme: Cumulative $5.4M

Gorilla successfully completed the repurchase of over $1.8 million worth of its own shares in April and May, capitalising on market dislocation and reinforcing its belief in the intrinsic value of the business. This strategic deployment of capital reflects the company's confidence in its growth trajectory, operational execution and long-term fundamentals.

This brings the company's cumulative share repurchases under the current buy-back programme to $5.4 million in the past twelve months, leaving $4.6 million remaining under the $10 million authorized by the Board. The company remains open to further opportunistic repurchases as cash buffers continue to strengthen.

Update on Insider Ownership: Approaches 20%

In a show of commitment and deep alignment with shareholder interests, the directors and officers of the company purchased additional shares in April and May during the permitted trading window. Collectively, Gorilla's management and Board of Directors now control nearly 20% of the Company, reinforcing insider confidence and vested interest.

Upcoming Earnings Release

Gorilla Technology will release its financial results for the first quarter of 2025 in the first half of June, which will be followed by an investor call. The company is poised to report continued progress across key markets including Southeast Asia, USA, Latin America and the UK, driven by its AI-powered smart infrastructure solutions. Call information will be circulated shortly.

About Gorilla Technology Group Inc.

Headquartered in London U.K., Gorilla is a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence and IoT technology. We provide a wide range of solutions, including Smart City, Network, Video, Security Convergence and IoT, across select verticals of Government & Public Services, Manufacturing, Telecom, Retail, Transportation & Logistics, Healthcare and Education, by using AI and Deep Learning Technologies.

Our expertise lies in revolutionizing urban operations, bolstering security and enhancing resilience. We deliver pioneering products that harness the power of AI in intelligent video surveillance, facial recognition, license plate recognition, edge computing, post-event analytics and advanced cybersecurity technologies. By integrating these AI-driven technologies, we empower Smart Cities to enhance efficiency, safety and cybersecurity measures, ultimately improving the quality of life for residents.

For more information, please visit our website: Gorilla-Technology.com.

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Gorilla's actual results may differ from its expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "might" and "continues," and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, statements regarding our beliefs about future revenues, our ability to attract the attention of customers and investors alike, Gorilla's ability to win additional projects and execute definitive contracts related thereto, along with those other risks described under the heading "Risk Factors" in the Form 20-F Gorilla will file with the Securities and Exchange Commission (the "SEC") on April 30, 2025 and those that are included in any of Gorilla's future filings with the SEC. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results. Most of these factors are outside of the control of Gorilla and are difficult to predict. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Gorilla undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation.

Investor Relations Contact:

Dave Gentry
RedChip Companies, Inc.
1-407-644-4256
GRRR@redchip.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/253044

FAQ

How much has Gorilla Technology (GRRR) spent on share buybacks in 2024-2025?

Gorilla Technology has spent $5.4 million on share buybacks in the past 12 months, with $1.8 million repurchased in April and May 2025. There is $4.6 million remaining under the $10 million authorized program.

What is the insider ownership percentage at Gorilla Technology (GRRR)?

Directors and officers of Gorilla Technology now control nearly 20% of the company following additional share purchases in April and May 2025.

When will Gorilla Technology (GRRR) release Q1 2025 earnings?

Gorilla Technology will release its Q1 2025 financial results in the first half of June 2025, followed by an investor call.

What markets is Gorilla Technology (GRRR) expanding into?

Gorilla Technology is reporting progress across key markets including Southeast Asia, USA, Latin America, and the UK, driven by its AI-powered smart infrastructure solutions.