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Gorilla Technology Group Inc. (GRRR)
:GRRR
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Gorilla Technology Group Inc.
(NASDAQ:GRRR)
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Rating:60Neutral
Price Target:
$21.00
▲(9.38% Upside)
The overall stock score of 60 reflects strong revenue growth and positive earnings call sentiment, tempered by significant profitability and cash flow challenges. The technical indicators show bullish momentum, but valuation concerns due to lack of profitability and dividends weigh on the score.
Gorilla Technology Group Inc. (GRRR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$472.88M
Dividend YieldN/A
Average Volume (3M)1.80M
Price to Earnings (P/E)―
Beta (1Y)1.66
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees142
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)-0.07
Shares Outstanding22,669,016
10 Day Avg. Volume2,560,018
30 Day Avg. Volume1,799,193
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market Cap0.00
Enterprise Value/Revenue0.00
Enterprise Value/Gross Profit0.00
Enterprise Value/Ebitda0.00
Forecast
1Y Price Target
$38.00Price Target Upside97.92% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
Gorilla Technology Group Inc. Business Overview & Revenue Model
Company DescriptionGorilla Technology Group Inc. (GRRR) is a technology company specializing in providing innovative solutions for the cybersecurity and telecommunications sectors. The company focuses on developing advanced software and hardware products designed to enhance network security, optimize performance, and facilitate seamless connectivity for businesses and organizations. Through its cutting-edge technology offerings, Gorilla Technology aims to empower clients with robust tools that ensure data protection and operational efficiency.
How the Company Makes MoneyGorilla Technology Group generates revenue primarily through the sale of its cybersecurity and telecommunications solutions, including software licenses, hardware products, and subscription-based services. The company employs a B2B model, targeting enterprises requiring enhanced network security and performance optimization. Key revenue streams include one-time sales from software licenses and hardware, recurring revenues from subscription services, and potentially consulting fees for implementation and support. Strategic partnerships with other technology providers and industry leaders further bolster its revenue potential by expanding market reach and enhancing product offerings.
Gorilla Technology Group Inc. Earnings Call Summary
Earnings Call Date:Aug 14, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:Apr 08, 2026
Earnings Call Sentiment Positive
The earnings call highlighted significant revenue growth and a strengthened financial position, with a positive outlook supported by a solid backlog. However, challenges include a decline in gross margins due to revenue mix, one-off financial adjustments, and potential delays in project execution. Despite these lowlights, the overall sentiment leans towards optimism due to the strategic wins and financial improvements.Q2-2025 Updates
Positive Updates
Significant Revenue Growth
Gorilla Technology reported $39.3 million in revenue for the first half of 2025, marking a 90-plus percent year-on-year increase. This growth is attributed to executing large complex projects in multiple geographies.
Strengthened Financial Position
The company reduced its debt to $18.1 million and improved liquidity with $26.1 million in cash. An additional $105 million was raised in July through an equity raise to accelerate growth.
New Strategic Projects
Gorilla signed three new projects in the last 30 days, including two in Taiwan and one in the U.K. These projects are expected to strengthen their long-term recurring revenue base.
Positive Outlook and Backlog
The company confirmed a backlog of $59 million for the remainder of the year and maintained its full-year revenue guidance of $100 million to $110 million.
Negative Updates
Gross Margin Decline
The gross margin was in the low 30s due to a revenue mix skewed towards lower-margin hardware, though the full-year gross margin is expected to be around 40%.
One-Off Financial Adjustments
The company recorded a financing-related loss due to warrant exercises and FX-related losses from the devaluation of the Egyptian pound in 2024, though these are accounting items with no cash impact.
Challenges in Project Execution
Execution timelines for some projects, particularly those involving government contracts, are expected to slip, which could affect revenue recognition timelines.
Company Guidance
During the Gorilla Technology Group's earnings call for the first half of 2025, the company reported revenue of $39.3 million, marking a 90% year-over-year increase. The call highlighted a reduction in debt to $18.1 million and an improved liquidity position with $26.1 million in cash. Additionally, Gorilla raised $105 million through an equity offering in July to accelerate growth. The company secured three new projects, two in Taiwan with new customers and an extension of an existing project in the U.K. For profitability, Gorilla reported an adjusted EBITDA and adjusted net income of $5.7 million. The call emphasized a shift from milestone-heavy projects to multiyear contracts, aiming for steady revenue growth. The company maintained its guidance for 2025 with projected revenue between $100 million and $110 million, targeting EBITDA margins of 20% or more, and operating cash flow positivity. Gorilla also revealed a backlog of $70 million for 2026 and discussed the strategic use of recent capital to fund high-return opportunities and potential acquisitions.Gorilla Technology Group Inc. Financial Statement Overview
Summary
Gorilla Technology Group Inc. has shown strong revenue growth, but significant profitability challenges and cash flow issues persist. While leverage has improved, profitability and liquidity remain major concerns due to consistent net losses and negative cash flows. Addressing operational inefficiencies and enhancing cash management will be crucial for financial stability.Income Statement
Revenue grew significantly over the years, particularly from 2022 to 2023 with a 189% increase. However, the company has experienced volatile earnings with consistent net losses, and declining gross profit margins, from 40% in 2020 to 50% in 2023, highlighting profitability challenges. The EBIT and EBITDA margins indicate operational inefficiencies, as both metrics have been negative in recent years, except for a brief positive EBITDA margin in 2021.45
Neutral
Balance Sheet
The company's debt-to-equity ratio has shown improvement, dropping from 0.56 in 2020 to 0.30 in 2023, indicating better leverage management. However, the equity ratio decreased from 58% in 2020 to 47% in 2023, reflecting a potential decline in asset financing through equity. The return on equity remains negative due to persistent net losses, signaling inefficiencies in generating shareholder returns.55
Neutral
Cash Flow
The company has struggled with negative free cash flow, which has worsened from -$40,625 in 2019 to -$31M in 2023. Operating cash flow has remained negative, indicating cash generation issues from core activities. The free cash flow to net income ratio remains unfavorable, further stressing liquidity concerns.40
Negative
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 74.67M | 64.69M | 22.41M | 42.24M | 45.41M |
| Gross Profit | 37.31M | 44.72M | 8.34M | 15.77M | 18.56M |
| EBITDA | 21.77M | 19.08M | -78.65M | 626.62K | 2.67M |
| Net Income | -64.79M | 13.50M | -87.54M | -8.55M | -5.92M |
Balance Sheet | |||||
| Total Assets | 153.80M | 115.44M | 65.26M | 94.93M | 92.29M |
| Cash, Cash Equivalents and Short-Term Investments | 37.47M | 34.13M | 30.94M | 18.95M | 19.59M |
| Total Debt | 22.21M | 32.91M | 23.87M | 35.92M | 29.18M |
| Total Liabilities | 80.69M | 61.29M | 36.72M | 49.00M | 38.79M |
| Stockholders Equity | 73.10M | 54.15M | 28.54M | 45.93M | 53.50M |
Cash Flow | |||||
| Free Cash Flow | -31.11M | -13.24M | -11.78M | -6.77M | -7.47M |
| Operating Cash Flow | -29.65M | -9.43M | -8.77M | 1.62M | -1.95M |
| Investing Cash Flow | 16.64M | -38.69M | -1.93M | -9.91M | -7.73M |
| Financing Cash Flow | 27.98M | 29.73M | 23.61M | 5.99M | 3.88M |
Gorilla Technology Group Inc. Technical Analysis
Positive
19.20
Price Trends
17.76
Positive
18.46
Positive
19.15
Positive
Market Momentum
0.73
Negative
53.95
Neutral
52.07
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GRRR, the sentiment is Positive. The current price of 19.2 is above the 20-day moving average (MA) of 18.26, above the 50-day MA of 17.76, and above the 200-day MA of 19.15, indicating a bullish trend. The MACD of 0.73 indicates Negative momentum. The RSI at 53.95 is Neutral, neither overbought nor oversold. The STOCH value of 52.07 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GRRR.
Gorilla Technology Group Inc. Peers Comparison
Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | 590.99M | -11.74 | -62.52% | ― | 19.08% | 28.99% | |
62 Neutral | 528.37M | -51.15 | -2.60% | ― | 14.51% | 58.41% | |
60 Neutral | $472.88M | ― | 24.92% | ― | ― | ― | |
60 Neutral | 247.19M | -12.72 | -1.17% | ― | 2.56% | 59.00% | |
56 Neutral | 1.66B | -19.34 | 454.37% | ― | ― | ― | |
48 Neutral | 363.83M | -0.93 | 32.94% | ― | -4.76% | 56.32% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
* Technology Sector Average
Performance Comparison
GRRR
Gorilla Technology Group Inc.
19.20
15.21
381.20%
BAND
Bandwidth
17.53
0.39
2.28%
RXT
Rackspace Technology
1.52
-1.05
-40.86%
KLTR
Kaltura
1.60
0.31
24.03%
RZLV
Rezolve AI
6.82
-0.41
-5.67%
BLZE
Backblaze
10.46
4.21
67.36%
Gorilla Technology Group Inc. Corporate Events
Gorilla Technology Reports Strong H1 2025 Growth and Strategic Expansion
Aug 14, 2025
On August 14, 2025, Gorilla Technology Group Inc. announced its financial results for the first half of 2025, showcasing significant growth and strategic advancements. The company reported a 90.2% year-over-year revenue increase to $39.3 million, driven by successful execution of global contracts. Gorilla also reduced its debt to $18.1 million and completed a $105 million equity offering to support future growth. The company signed new projects in Taiwan and the UK, reflecting its strategic focus on AI-powered solutions and international expansion. These developments underscore Gorilla’s operational strength and its commitment to enhancing its market position and financial resilience.
Gorilla Technology Group Secures $98.8 Million in Securities Offering
Jul 2, 2025
On June 30, 2025, Gorilla Technology Group Inc. entered into a securities purchase agreement with investors for the sale of ordinary shares and pre-funded warrants, raising $98.8 million in net proceeds. The offering closed on July 2, 2025, with Titan Partners Group LLC acting as the sole placement agent. This transaction is expected to enhance Gorilla Technology’s financial position and potentially impact its market operations positively.
Gorilla Technology Secures $105 Million in Direct Offering
Jun 30, 2025
On June 30, 2025, Gorilla Technology Group Inc. announced a registered direct offering of common stock, raising $105 million. This offering includes a significant $100 million investment from a new institutional investor and participation from an existing large shareholder. The proceeds will be used for performance guarantees, bid bonds, statutory capital reserves, and other corporate purposes, including previously announced acquisitions. The offering, expected to close by July 2, 2025, positions Gorilla to strengthen its financial foundation and support its strategic initiatives in the technology sector.
Gorilla Technology Reports 109% Revenue Surge in Q1 2025
Jun 18, 2025
On June 18, 2025, Gorilla Technology Group Inc. announced its financial results for the first quarter of 2025, reporting a significant revenue increase of 109% year-on-year to $18.3 million. The company highlighted its strong balance sheet with $33.8 million in cash and a strategic reduction in debt to $18.4 million. Gorilla’s profitability improved with an adjusted EBITDA of $5.16 million and a net income increase of 46.7% to $4.47 million. The company is also investing in long-term value through its partnership with One Amazon, deploying IoT infrastructure in the Amazon rainforest. Gorilla’s expanding global momentum is evidenced by a pipeline exceeding $5 billion, driven by growth in various regions, positioning the company as a significant force in AI-powered transformation.
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.