Gorilla announces operational, financial update

Gorilla Technology Group updated investors on operating and financial progress. Business Highlights: Strong cash flow from operations with receipt of over $25 million in milestone payments from new projects. Achieved material top-line growth driven by project advancements. Continuous improvement achieved in operational efficiencies. Announced $25 million registered direct offering of convertible preferred stock. Operational Highlights: Established partnerships with industry leaders such as Redhat, Lanner, Protactic, Infosec Global, and GST, enhancing overall capabilities. In a rapidly evolving industry, introduced AI based investigation products iCCTV and Post Event, a new Cyber Security Operations Management solution and service, each pushing the boundaries of what’s possible to meet the continually evolving customer needs. Implemented effective cost optimization strategies, accelerating movement toward profitability and boosting competitive advantage. Steadily ramping sales and marketing efforts in Taiwan, Thailand, India, UK, Latin America, Middle East and North Africa, building visibility toward a strong sales pipeline of over $1 billion.