Investment and Financial Strategy - Gorilla expects to invest substantially in research and development, which could significantly reduce profitability and may not generate revenue [28]. - The company aims to enhance its services and introduce new offerings to achieve market acceptance, crucial for growth and financial health [28]. - Gorilla may need to raise additional funds in the future to execute its business plan, which may not be available on favorable terms [28]. - The company relies on partnerships for growth, and the success of these partnerships is uncertain, potentially impacting growth [28]. Financial Reporting and Compliance - Financial statements are prepared in accordance with IFRS and presented in U.S. dollars for the fiscal years ended December 31, 2024, 2023, and 2022 [18]. - The fiscal year ends on December 31, with references to fiscal years indicating the respective years ended on that date [19]. Market and Client Dependency - Gorilla earns a substantial portion of its revenues from a limited number of clients, including public sector entities, which poses a risk to its financial condition if these clients are lost [33]. - The business is dependent on expanding its client base and increasing the usage of its services; failure to do so could materially affect its results of operations [33]. - The market for Gorilla's Smart City AI & Cybersecurity services is relatively new and may experience limited growth, impacting the adoption of its services [33]. Risks and Uncertainties - Market estimates and forecasts included in the report may prove to be inaccurate, affecting the company's growth potential [25]. - Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from projections [28]. - The company’s business could be adversely affected if it fails to manage its growth effectively [28]. - Actual future results may differ materially from expectations, highlighting the inherent risks in forward-looking statements [31]. - The company has no obligation to publicly update or revise forward-looking statements unless required by law, indicating uncertainty in future performance [32]. Operational Challenges - Currency exchange rate fluctuations could adversely affect Gorilla's results of operations due to its operations in various currencies [33]. - Gorilla's competitive position relies on its ability to maintain compatibility with third-party products and services; failure to do so could negatively impact its financial condition [33]. - The company partners with industry-leading technology firms to provide end-to-end solutions; inability to develop these relationships could adversely affect its business [33]. - Exchange controls and restrictions on capital movement may have a material adverse effect on Gorilla's financial condition [33]. - Rapidly changing technology and evolving industry standards require Gorilla to adapt effectively; failure to do so could render its products less competitive [33]. Intellectual Property - The company has proprietary rights to various trademarks and service marks important to its business [21].

London, United Kingdom--(Newsfile Corp. - April 30, 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 that the filing of its full-year audited financials for the year ended 31 December 2024 on Form 20-F with the U.S. Securities and Exchange Commission will be made today after market close.Jay Chandan, Chairman and CEO, commented: "2024 was the ...

LOS ANGELES, April 24, 2025 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Gorilla Technology Group Inc. ("Gorilla" or "the Company") (NASDAQ: GRRR) for violations of the securities laws.The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Gorilla is the subject of a research report published by The Bear C ...

London, United Kingdom--(Newsfile Corp. - April 16, 2025) - Gorilla Technology Group Inc. (NASDAQ: GRRR) ("Gorilla" or the "Company"), today filed suit against Culper Research ("Culper") and its founder, Christian Lamarco, for making false, misleading and defamatory statements in its short report on the Company dated 4 April 2025. Gorilla is seeking compensatory and punitive damages from Culper and Mr. Lamarco. The Company today issued the following statement:Gorilla Technology has always operated to the h ...

Core Viewpoint - Pomerantz LLP is investigating claims of potential securities fraud and unlawful business practices involving Gorilla Technology Group, Inc. following a significant stock price drop after a critical report [1][2]. Group 1: Investigation Details - Pomerantz LLP is representing investors of Gorilla Technology Group, Inc. and is looking into allegations of securities fraud or other unlawful business practices by the company and its officers [1]. - The investigation was prompted by a short report from The Bear Cave, which highlighted "red flags" regarding Gorilla's aggressive shift to AI technology and concerns over financial reporting [2]. Group 2: Stock Performance - Following the publication of the short report, Gorilla's stock price decreased by $13.50 per share, representing a decline of 32.21%, closing at $28.41 per share on March 7, 2025 [2]. Group 3: Firm Background - Pomerantz LLP is recognized as a leading firm in corporate, securities, and antitrust class litigation, with a history of recovering significant damages for victims of securities fraud and corporate misconduct [3].

Company Performance - Gorilla Technology Group Inc. (GRRR) reported 2024 adjusted EPS of $2.02, significantly outperforming the Zacks Consensus Estimate and increasing from the previous year [1] - Total revenues grew by 15.4% year over year to $74.67 million in 2024, indicating a company in transformation with a focus on infrastructure, geographic diversification, and optimizing revenue streams for recurring growth [2] - The company achieved a full-year gross margin of 50%, down from 69.1% a year ago due to a change in business mix [3] - Adjusted EBITDA for 2024 was $20.62 million, while adjusted net income was $21.3 million [3] Balance Sheet - At the end of 2024, the total cash position was $37.5 million, with unrestricted cash increasing to $21.7 million from $5.3 million a year ago [4] - Outstanding debt was reduced to $21.4 million at the end of 2024, down by approximately $3.7 million from the previous year [4] 2025 Outlook - GRRR reiterated its revenue guidance for 2025 at $100-$110 million, with a backlog of $93 million for 2025 and $67 million for 2026 [5] - The company expects 2025 gross margins to be at the top end of the 40-50% range and anticipates EBITDA margins of 20-25% for the year [5] - Positive operating cash flows are expected for 2025 [5] Strategic Initiatives - The company plans to reduce its debt burden by selling its property in Taipei [6] - GRRR has over $2 billion in signed contracts in its pipeline, along with an additional $4.6 billion in late-stage contracts and formal MOUs, indicating long-term commercial potential [6]

And this is ironic, since this stock has been up or down 25% at many points in the Gorilla Technology (NASDAQ: GRRR ) delivered its full-year 2024 earnings result , and the stock was left largely unchanged after-hours. Strong Investment Potential I follow countless companies and select for you the most attractive investments. I do all the work of picking the most attractive stocks. Investing Made EASY As an experienced professional, I highlight the best stocks to grow your savings: stocks that deliver stron ...

Gorilla Technology Group (GRRR) H2 2024 Earnings Call April 01, 2025 02:28 AM ET Company Participants Jay Chandan - Chairman & CEOBruce Bower - Interim Chief Financial OfficerRaj Natarajan - Chief Technology OfficerKeaton Schuelke - Equity Research InternBrian Kinstlinger - Director of Research, Managing Director, Head of Technology ResearchJohn Roy - Managing Director Operator you for standing by. This is the conference operator. Welcome to the Gorilla Technology Group, Inc. Full Year twenty twenty four Ea ...

Financial Data and Key Metrics Changes - Revenue for 2024 reached approximately $74 million, exceeding guidance and representing a 15% increase from the previous year [10][25] - Net income, excluding one-off non-cash items, surged to over $21 million, surpassing guidance by over 253% [10] - Adjusted EBITDA reached over $20 million, outperforming estimates by more than 70% [11] - Operating income, excluding exceptional items, climbed to over $19 million, exceeding guidance by over 40% [11] - The company reported a significant improvement in unrestricted cash balance, increasing from $5.3 million at the end of 2023 to $21.7 million at the end of 2024 [35] Business Line Data and Key Metrics Changes - The gross profit margin was reported at 49.96%, a decline from the previous year due to a change in service mix [25][26] - SG&A and R&D expenses were reduced, reflecting a right-sizing of the business [27] - The company experienced a foreign exchange loss of approximately $27.5 million, primarily due to a devaluation in Egypt [28] Market Data and Key Metrics Changes - The company has a backlog of $93 million for 2025, indicating strong future revenue potential [44] - The company has nearly $2 billion in signed contracts and a $4.6 billion pipeline, which includes late-stage contracts and government-backed frameworks [15][16] Company Strategy and Development Direction - The company is focused on global expansion and has transformed from a regional player to a scalable organization targeting high-growth markets [9][20] - The strategy includes building long-term, high-margin recurring revenue streams and establishing itself as a category leader in AI infrastructure [22][20] - The company aims to diversify its customer base, reducing reliance on any single client [68] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving revenue guidance of $100 million to $110 million for 2025, with gross margins expected to be between 40% and 50% [42] - The management highlighted the importance of understanding client needs and the complexities involved in delivering large-scale projects [75][138] - The company is committed to transparency and plans to report results quarterly moving forward [112][116] Other Important Information - The company has made significant progress in internal controls and compliance, expecting to be Sarbanes-Oxley compliant two years ahead of the requirement [41] - The company is actively hiring to support its growth, with plans to increase its workforce from around 200 to between 600 and 800 by the end of the year [73] Q&A Session Summary Question: How much does the Egypt project represent of this year's revenue guidance? - Management indicated that Egypt's contribution to revenue will decrease from about 50% to under 30% in 2025, aiming for no client to exceed 10% to 15% by 2026 [68] Question: What is the timeline for recognizing revenue on the ONE Amazon and other projects? - Management stated that it takes 3 to 4 months to start building and scaling operations after understanding customer requirements [72] Question: Do the contracts for large deals provide upfront payments? - Management clarified that it depends on the project; some contracts may not provide upfront payments, requiring additional capital to cover costs [81] Question: Is management committed to reporting results quarterly? - Management confirmed their commitment to quarterly reporting moving forward [112] Question: What differentiates Gorilla's AI approach? - Management emphasized that Gorilla focuses on edge AI, designed for real-world applications, ensuring practical solutions that deliver value quickly [120][122]

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