Gorilla Technology Group Ord Shs Stock Price, News & Analysis

Gorilla Technology Group (NASDAQ: GRRR) announces an exclusive investor webinar scheduled for December 12, 2024, at 4:15 p.m. ET. The event, hosted by RedChip Companies, will feature presentations from CEO Jay Chandan and interim-CFO Bruce Bower. The company reports strong financial metrics with $38 million in cash reserves and total assets exceeding $133 million. The webinar will highlight Gorilla's position in AI-powered solutions for smart cities and its expansion strategy across Europe, APAC, and MENA regions. A live Q&A session will follow the presentation.

Gorilla Technology Group (NASDAQ: GRRR) has announced the opening of a new office in Seattle as part of its strategic expansion into the U.S. market. The office will serve as a central hub for U.S. operations, facilitating closer collaboration with local partners and clients. The company is also extending its partnership with Intel through the Intel Partner Alliance (IPA) program, enabling access to Intel's technologies and resources for developing smart city solutions. The expansion aims to address growing demand from U.S. agencies, Smart City Planning Departments, and enterprises seeking AI technologies.

Gorilla Technology Group (NASDAQ: GRRR) has announced strong financial projections for 2024-2025. The company expects 2024 revenues of $72 million with over 20% EBITDA margin and $10 million net income, building on 222% revenue growth and 456% gross profit growth in H1 2024. For 2025, projections show revenues exceeding $90 million with $15 million net income.

The company reports a $93 million contract backlog entering 2025 and is pursuing additional large-scale projects in AI analytics, cybersecurity, and smart cities. Gorilla launched its Intelligent Network Director platform in October 2024, targeting the $40 billion SD-WAN market. The company continues its share repurchase program, having bought back 1.1 million shares with $3.8 million of the $6 million authorized.

Gorilla Technology Group Inc. (NASDAQ: GRRR) is hosting an exclusive live investor webinar and Q&A session on October 24, 2024, at 4:15 p.m. ET. The event, hosted by RedChip Companies, will feature Chairman and CEO Jay Chandan, interim-CFO Bruce Bower, and John Roy, PhD, Managing Director of Water Tower Research.

Attendees will gain insights into Gorilla's position as a leader in AI-powered solutions for smart and safe cities. The company's recent accomplishments have strengthened its financial position, with cash reserves exceeding $40 million and total assets surpassing $60 million. Gorilla is focusing on expanding into high-growth markets across Europe, APAC, and MENA, aiming for sustained revenue growth and profitability.

Investors can register for the free webinar and submit questions in advance or during the live event.

RedChip Companies will air interviews with Calidi Biotherapeutics (NYSE American:CLDI) and Gorilla Technology Group (Nasdaq:GRRR) on the RedChip Small Stocks, Big Money™ show on Bloomberg TV on October 19 at 7 p.m. ET. The show reaches an estimated 73 million homes across the U.S.

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Gorilla Technology, with 22 years of experience and 29 global patents, specializes in digital transformation solutions. Their technologies include edge AI, big data analytics, and IoT security, serving sectors like government and manufacturing. Gorilla has buy ratings from three analysts with a mean price target of $29.50.

Gorilla Technology Group Inc. (NASDAQ: GRRR) has launched the Gorilla Intelligent Network Director, a groundbreaking platform designed to simplify connectivity and enhance productivity for businesses. This innovative solution merges intelligent automation, seamless integration, and security into one platform, addressing the limitations of traditional networks.

Key features include:

• Unmatched control and real-time intelligence
• True hybrid agility
• Built-in security for the modern age
• Seamless, scalable deployment

The platform is now available for Proof of Concept (PoC) trials, with full market release expected in the second half of 2025. This launch represents a significant step in network evolution, offering businesses the opportunity to shape the future of networking technology.

Gorilla Technology Group Inc. (NASDAQ: GRRR) has announced a strategic partnership with NC Digy Smart Cities and AECOM (NYSE: ACM) to advance smart cities in Latin America and the United States. This collaboration aims to transform urban development by leveraging advanced technologies for next-generation smart cities. The partnership targets significant growth opportunities in the Western Hemisphere, focusing on the rapidly expanding smart cities market in Latin America and the evolving urban landscape in the United States.

The initiative will introduce cutting-edge security options tailored for Latin American cities, offering services such as advanced surveillance, AI-driven analytics, and secure data management systems. In the United States, the focus will be on marketing Gorilla Technology's AI and cybersecurity products designed for smart city applications, addressing important aspects like surveillance, access control, and emergency response.

Gorilla Technology Group Inc. (NASDAQ: GRRR) has issued a strong statement against market manipulation of its stock. The company has been actively investigating suspicious trading activities since August 2023, with further instances identified in June and September 2024. Gorilla has reported its findings to the U.S. Securities and Exchange Commission (SEC) and remains committed to protecting shareholders by combating any behavior that undermines market transparency and fairness.

Additionally, Gorilla has reaffirmed its intention to pursue share repurchases under its recently announced buyback program, expressing confidence that the company's stock is substantially undervalued given its financial performance. The company remains focused on executing its business strategy to deliver continued growth and profitability.

Gorilla Technology Group Inc. (NASDAQ: GRRR) reported exceptional financial results for H1 2024, demonstrating significant growth and profitability. Key highlights include:

- Revenue increased by 222% to $20.67 million
- Gross profit surged 456% to $17.68 million
- Achieved operating profit of $1.77 million, up from a $7.29 million loss in H1 2023
- Net profit of $1.61 million, compared to a $7.27 million loss in H1 2023
- Total overheads reduced by 27.55% to $8.20 million
- EBITDA improved to $2.49 million from a $6.56 million loss
- Adjusted EBITDA reached $2.65 million, up from a $3.47 million loss

The company attributes this growth to market expansion, operational excellence, and increased demand for AI-driven solutions. Gorilla expects to surpass $72 million in revenue for the full year 2024.