Group 1 - Gorilla Technology Group Inc. is set to report full-year 2024 results on March 31, 2025, with a Zacks Consensus Estimate for earnings at 28 cents per share [1] - The full-year earnings estimate indicates a year-over-year decline of 82.9%, with fourth-quarter 2024 revenue estimated at $36.09 million and EPS at 36 cents [2] - The company has an Earnings ESP of 0.00% for both the December quarter and full year 2024, with a Zacks Rank of 2 (Buy) [4] Group 2 - Gorilla Technology's growth in 2024 is attributed to increased demand for its services, new contract wins, and expansion in regions such as MENA, Asia, South America, and the U.K. [5] - The company anticipates 2024 revenues to reach $72 million, with gross margin growth driven by expense management and focus on high-margin opportunities [5][6] - Net income for 2024 is expected to exceed $10 million, with significant growth in interest income compared to the previous year [7]

Group 1 - Gorilla Technology Group Inc. will hold a conference call on March 31, 2025, at 4:30 p.m. Eastern time to discuss its financial results for the full year ended December 31, 2025 [1][2] - The conference call will be accessible via a toll-free number and will also be webcast live, with a replay available [2] - Gorilla Technology Group is headquartered in London, U.K., and operates as a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence, and IoT technology [3] Group 2 - The company offers a wide range of solutions across various sectors, including Smart City, Network, Video, Security Convergence, and IoT, utilizing AI and Deep Learning Technologies [3] - Gorilla's expertise includes enhancing urban operations, security, and resilience through AI-driven products such as intelligent video surveillance, facial recognition, and advanced cybersecurity technologies [4] - The integration of these technologies aims to empower Smart Cities, improving efficiency, safety, and quality of life for residents [4]

Core Viewpoint - Gorilla Technology Group Inc. (GRRR) plans to utilize its share repurchase program after announcing its 2024 earnings, indicating confidence in its stock value despite recent short selling [1][2]. Group 1: Share Repurchase and Stock Performance - Following the announcement of the share repurchase program, GRRR's shares increased by 8.2% [1]. - The company has raised its repurchase plan to $10 million from $6 million, aiming to reassure shareholders of its commitment to value creation [2]. - GRRR's shares have surged 244.6% over the past year, significantly outperforming the industry average increase of 16.6% [6]. Group 2: Management Confidence and Future Projections - A significant portion of GRRR's board and executive management team plans to buy shares after the 2024 earnings release, reflecting their confidence in the company's vision and growth momentum [2]. - The company has raised its 2025 revenue estimate to $100-$110 million, up from a previous target of $90-$100 million, supported by multiple recent deals [4]. Group 3: Legal and Strategic Positioning - GRRR has dismissed allegations against it, asserting that those spreading misinformation are facing SEC and DOJ charges for fraud and market manipulation [3]. - The company emphasizes its commitment to business performance and strategic vision rather than engaging with baseless accusations [4]. Group 4: Partnerships and Market Presence - A notable partnership with Global Edge Fund, a $100 billion infrastructure investment fund, has allocated $20 billion to drive digital transformation using Gorilla's solutions [5].

Core Viewpoint - Gorilla Technology Group Inc. is addressing recent allegations of fraud and market manipulation, asserting that these claims lack credibility due to the individuals involved facing multiple charges from regulatory authorities [2] Company Actions - The Board of Directors believes the company's shares are deeply undervalued due to recent short selling and plans to utilize remaining funds from a previously announced share buyback program after the release of its 2024 earnings statement if the share price does not reflect the company's intrinsic value [3] - A significant portion of the Board and the entire executive management team intends to acquire shares following the earnings release, demonstrating their confidence in the company's vision and momentum [4] Company Overview - Gorilla Technology Group Inc. is headquartered in London, U.K., and operates as a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence, and IoT technology [4] - The company offers a wide range of solutions across various sectors, including Smart City, Network, Video, Security Convergence, and IoT, utilizing AI and Deep Learning Technologies [4][5] - The company's expertise focuses on enhancing urban operations, security, and resilience through AI-driven technologies such as intelligent video surveillance, facial recognition, and advanced cybersecurity [5]

NEW YORK, March 17, 2025 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Gorilla Technology Group Inc ("Gorilla" or the "Company") (NASDAQ: GRRR). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.The investigation concerns whether Gorilla and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the class action] On March 6, ...

Bangkok, Thailand--(Newsfile Corp. - March 10, 2025) - Gorilla Technology Group Inc. (NASDAQ: GRRR) ("Gorilla" or the "Company") announced it has formally launched the initial phases of Thailand's largest-ever AI-driven energy transformation initiative with Thailand's Provincial Electricity Authority (the "Electricity Authority"). This significant moment took place in the presence of representatives of the Electricity Authority and representatives of the British Government, underscoring the global importan ...

Core Insights - Gorilla Technology Group Inc. is addressing misleading online speculation that has confused investors, emphasizing its commitment to transparency and strong fundamentals [1][2] - The company has a significant backlog of contracts valued at $93 million for 2025 and a revenue guidance of $90-100 million for the year [8] - Gorilla's project pipeline has increased from $2 billion to $6 billion, with a notable $1.8 billion Memorandum of Understanding (MoU) signed to modernize Thailand's electricity grid [8] Company Overview - Gorilla Technology Group Inc. is headquartered in London and operates as a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence, and IoT technology [4] - The company focuses on various sectors, including Government & Public Services, Manufacturing, Telecom, Retail, Transportation & Logistics, Healthcare, and Education, utilizing AI and Deep Learning Technologies [4][5] Financial Performance - The company will release its Full Year 2024 financial results on March 31, 2025, and file its 20-F report with the US Securities and Exchange Commission on April 15, 2025 [3] - Gorilla's auditor, Marcum Asia, has reviewed the majority of its Accounts Receivable, reinforcing the integrity of its financial reporting [8] Strategic Direction - Gorilla is committed to achieving full Sarbanes-Oxley compliance for 2024, two years ahead of the deadline for Emerging Growth Companies [8] - The company has emphasized its transition into a leading provider of AI-driven Smart City solutions, focusing on security convergence and IoT [8]

Gorilla Technology Group Inc GRRR shares are tanking Thursday after The Bear Cave released a short report on the company. Here’s what investors need to know.What To Know: Short seller The Bear Cave released a bearish report on Gorilla Technology Thursday morning in response to the stock’s approximately 1,200% rise over the past six months, driven by retail investor enthusiasm surrounding recent partnership announcements.“The Bear Cave believes recent retail investor enthusiasm for the company may be prematu ...

Shares of Gorilla Technology Group Inc. (GRRR) have surged 429.9% in the past three months against the industry’s decline of 1.1% and the S&P 500 Index’s fall of 3.3%. The stock hit a new 52-week high of $44.15 before closing at $41.91 yesterday. GRRR also outperformed companies like Sprinklr, Inc. (CXM) , Marqeta, Inc. (MQ) and Magnite, Inc. (MGNI) .GRRR’s 3-Month Price PerformanceImage Source: Zacks Investment ResearchFrom a valuation perspective, Gorilla Technology is trading at a premium, reflecting str ...

Gorilla Technology Secures Landmark $1.8 Billion Agreement to Drive Thailand's Largest Smart Grid and AI-Powered Energy TransformationMarch 03, 2025 8:00 AM EST | Source: Gorilla Technology Group Inc.Bangkok, Thailand--(Newsfile Corp. - March 3, 2025) - Gorilla Technology Group (NASDAQ: GRRR) has signed a historic $1.8 billion agreement to lead Thailand's largest-ever energy digitisation and infrastructure transformation initiative. Over the next 15 years, this nationwide AI-driven programme w ...