Gorilla Technology Group Inc

Gorilla Technology Group, Inc. engages in providing information, software and data processing services. The firm operates through the following segments: Security Convergence, Video Internet of Things (IoT), and Other. It offers its software services to commercial, industrial, municipal and government officers to securely move, store and analyze data for use in biometric authentication, account management, device management, business intelligence, and other applications. The company was founded in 2021 and is headquartered in Neihu, Taiwan.

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Gorilla Technology Group, Inc. engages in the provision of video intelligence, Internet of Things (IoT) security, edge AI data analytics, and operational technology security solutions and services in Asia Pacific. It operates through the following segments: Video IoT, Security Convergence, and Other. The company was founded by Spincer Koh in May 2001 and is headquartered in London, the United Kingdom.

– Year-on-year growth in fiscal 2023 will be nearly 300% in constant currency – – Booked sales exceeded internal target of $41 million, standing at $272 million (a 563% increase) – – Revenue guidance of $65 million for 2023 and $90 million for 2024 – – Improved Visibility with Revenue Contracted Through 2026 – – 49.4% Gross Margin Affirms Success in Improving Quality of Customer Base – LONDON, Aug. 09, 2023 (GLOBE NEWSWIRE) -- Gorilla Technology Group Inc. (“Gorilla” or the “Company”) (NASDAQ: GRRR), a global provider of AI-based edge video analytics, IoT technologies, and cybersecurity, today reported its unaudited financial results for the six months ended June 30, 2023. Highlights Booked sales exceeded internal target of $41 million, standing at $272 million, a 563% increase Evolved from a Project centric business to a Product & Services Business, as demonstrated by multi-hundred-million-dollar contract for Government of Egypt Implemented financial and operational discipline by transitioning out of marginal or unprofitable projects Will implement Smart Government Security Convergence solution for the Government of Egypt Largest contract in company history, with total revenues of $270 million over three years Aggressive actions to safeguard shareholders from illegal stock manipulation Recorded gross margin of 49.4%, a significant increase from the previous year's margin of 33.1%, standing as compelling evidence of a successful transformation to position the company for sustainable and profitable growth at scale Operating expense decreased by $1.9 million compared with the prior year 2023 and 2024 revenue guidance at $65 million and $90 million, respectively Gorilla Chief Executive Officer Jay Chandan commented, “Just after quarter-end we announced a transformational contract with the Government of Egypt, in which we will implement a Smart Government Security Convergence solution.

Gorilla Technology Group Reports First Half 2023 Financial Results

Gorilla Technology (NASDAQ: GRRR ) stock is rising higher on Tuesday after the company revealed plans to take on illegal short sellers. According to a press release from Gorilla Technology, the company has hired Global Economics Group to help it tackle illegal short sellers.

GRRR Stock Alert: Gorilla Technology Targets Illegal Short Selling

-- Investigation Has Uncovered Evidence of Illegal Trading Activity-- --Taking Aggressive Action to Safeguard Shareholder Interests-- LONDON, Aug. 08, 2023 (GLOBE NEWSWIRE) -- Gorilla Technology Group Inc. (“Gorilla”) (NASDAQ: GRRR), a global provider of AI-based edge video analytics, IoT technologies, and cybersecurity, today addressed the price volatility in trading of its stock, which the company suspects is due in large part to illegal manipulation.

Gorilla Technology Group Hires Global Economics Group for Due Diligence, Advancing in Battle Against Illegal Short Selling; Takes Aggressive Action to Defend Stock from Manipulation

LONDON, Aug. 07, 2023 (GLOBE NEWSWIRE) -- Gorilla Technology Group Inc. (“Gorilla”) (NASDAQ: GRRR), a global provider of AI-based edge video analytics, IoT technologies, and cybersecurity, today announced that the company's first half 2023 financial results will be released after the U.S. financial markets close on Wednesday, August 9, 2023.

Gorilla Technology to Announce First Half 2023 Results and Host Conference Call

Gorilla Technology (NASDAQ: GRRR ) stock is on the rise Thursday after the AI-based edge video analytics, IoT, and cybersecurity company announced a partnership. According to a press release from Gorilla Technology, the company has reached a strategic agreement with British Telecom (OTCMKTS: BTGOF ).

Why Is Gorilla Technology (GRRR) Stock Up 10% Today?

-- Video Analytics Suite for Container Identification and Damage Detection -- -- Innovation deployed at the Port of Tyne in UK -- LONDON, July 20, 2023 (GLOBE NEWSWIRE) -- Gorilla Technology Group Inc. (“Gorilla”) (NASDAQ: GRRR), a global provider of AI-based edge video analytics, IoT technologies, and cybersecurity, today announced a strategic relationship with British Telecom (BT) to deliver an innovative Container Identification and Container Damage Detection solution. This groundbreaking collaboration, which is being actively deployed and tested at the Port of Tyne in Northern England, combines Gorilla's expertise in video analytics with BT's extensive network infrastructure, enabling a comprehensive solution that addresses the critical needs of the logistics industry.

Gorilla Technology Enters Strategic Relationship with British Telecom for AI-Powered Innovative Smart Port Solution

Gorilla Technology Group NASDAQ: GRRR shares experienced a remarkable surge higher on Friday, with the stock soaring by 124% following breaking news. The company secured a significant contract for a massive smart government project in Egypt.

Gorilla Technology Skyrockets 124% On Smart Government Contract

One of today's big movers is little-known Gorilla Technology (NASDAQ: GRRR ). Shares of GRRR stock have absolutely skyrocketed in today's session, moving from a close of $2.09 per share yesterday to as high as $5.79 in today's session.

5 Investors Betting Big on Gorilla Technology (GRRR) Stock

Gorilla Technology shares took off after the company on Thursday evening announced it has signed a three-year $270 million contract with the Government of Egypt to deploy a Smart Government Security Convergence Solution. London-based Gorilla is a provider of artificial intelligence (AI)-based edge video analytics, IoT technologies, and cybersecurity solutions.

Gorilla Technology surges as $270M contract with Egypt government positions company for profitability

Gorilla Tech (NASDAQ: GRRR ) stock is rocketing higher on Friday after the company announced a massive government contract in Egypt. That contract will have it working for the Government of Egypt to create a Smart Government Security Convergence solution.

Why Is Gorilla Tech (GRRR) Stock Up 83% Today?

–Will implement government security convergence solution in Egypt– –Largest contract in company history– –Tangible success in globalization strategy–

Gorilla Technology Signs Contract to Deploy Massive Smart Government Project in Egypt

--Multiyear Contract is Significant Milestone in Taiwanese Safe City Market----5G Telecom and Network Investigation Solution for Law Enforcement Agency in Taiwan----Project Successfully Awarded Thanks to Taipei Global Innovation Center-- LONDON, June 27, 2023 (GLOBE NEWSWIRE) -- Gorilla Technology Group Inc. ("Gorilla") (NASDAQ: GRRR), a global provider of AI-based edge video analytics, IoT technologies, and cybersecurity, today announced that it has been awarded a multiyear, multi-million 5G Telecom and Network security project with a major law enforcement agency in Taiwan to enhance criminal investigations for a safe city.

Gorilla Technology Group Wins Multi-Million Dollar 5G Telecom and Network Investigation Project with Taiwanese Law Enforcement Agency

--Bolsters global expansion strategy-- --Entry point to provide Smart City solutions in Thailand-- LONDON, June 12, 2023 (GLOBE NEWSWIRE) -- Gorilla Technology Group Inc. (“Gorilla”) (NASDAQ: GRRR), a global provider of AI-based edge video analytics, IoT technologies, and cybersecurity, today announced that it agreed to binding terms to acquire Bacom Internetwork, a leading pioneer, distributor and systems integrator of Smart City Infrastructure solutions in Thailand. The planned transaction is expected to close by the end of September and is subject to confirmatory due diligence, finalizing transaction documentation, and obtaining necessary local regulatory approvals.

Gorilla Technology Group Signs Heads of Terms to Acquire Bacom Internetwork

LONDON, May 05, 2023 (GLOBE NEWSWIRE) -- Gorilla Technology Group Inc. (“Gorilla”) (NASDAQ: GRRR), a global provider of AI-based edge video analytics, IoT technologies, and cybersecurity, today announced its participation in the following investor event:

Gorilla Technology Group to Participate in Upcoming Investor Event

Barring exercise of warrants, securities registered in F-1 will not cause dilution to existing holders of ordinary shares Barring exercise of warrants, securities registered in F-1 will not cause dilution to existing holders of ordinary shares

Gorilla Technology Group Announces Clarification to Registration Statement on Form F-1

LONDON, April 21, 2023 (GLOBE NEWSWIRE) -- Gorilla Technology Group Inc. (“Gorilla”) (NASDAQ: GRRR), a global provider of AI-based edge video analytics, IoT technologies, and cybersecurity, today announced Mohan Raj Kumar has joined the company as its Global Head of Customer Success Alliance. In his new role, Kumar will engage with Gorilla customers to create exceptional success for them and ensure that they seamlessly achieve their digital transformation objectives.

Gorilla Technology Group Names New Global Head of Customer Success

Acquiring Thailand-based systems integrator and provider of Smart Cities solutions is key step in Gorilla's global expansion strategy Acquiring Thailand-based systems integrator and provider of Smart Cities solutions is key step in Gorilla's global expansion strategy

Gorilla Technology Group Announces Intention to Acquire Bacom Internetwork

Gorilla Technology's strategic pivot pushed sales lower and losses higher in 2022. The new management team is aiming for a rebound this year.

Why Gorilla Technology Stock Dived This Week

--2022 Transition Year post IPO— --Starts 2023 with Groundbreaking MENA Smart City Cybersecurity Win – -- Clear R evenue V isibility for 2023 and 2024 -- --Initiates 2023 Revenue Guidance of $65 to $75 million-- LONDON, April 04, 2023 (GLOBE NEWSWIRE) -- Gorilla Technology Group Inc. (“Gorilla”) (NASDAQ: GRRR), a global provider of AI-based edge video analytics, IoT technologies, and cybersecurity, today reported its unaudited financial results for the year ended December 31, 2022.

Gorilla Technology Group Reports 2022 Financial Results

LONDON, March 31, 2023 (GLOBE NEWSWIRE) -- Gorilla Technology Group Inc. (“Gorilla”) (NASDAQ: GRRR), a global provider of AI-based edge video analytics, IoT technologies, and cybersecurity, announced today that the company's full year 2022 financial results will be released after the U.S. financial markets close on Tuesday, April 4, 2023.

Gorilla Technology to Announce Full Year 2022 Results and Host Conference Call

LONDON, March 27, 2023 (GLOBE NEWSWIRE) -- Gorilla Technology Group Inc. (“Gorilla”) (NASDAQ: GRRR), a global provider of AI-based edge video analytics, IoT technologies, and cybersecurity, today announced a significant partnership with Lanner and Hailo to deliver the E-300 Edge AI Appliance, with an industry-leading price to performance ratio for robust video analytics. Developed through a collaboration with Lanner and Hailo, the E-300 is capable of processing up to 24 channels of real-time, multiple video analytics streams using an entry-level CPU, which ordinarily can only handle 4 channels at the edge.

Gorilla Technology Group Partners with Hailo and Lanner Electronics to Build the Next-generation Edge AI Appliance

LONDON, March 10, 2023 (GLOBE NEWSWIRE) -- Gorilla Technology Group Inc. (“Gorilla”) (NASDAQ: GRRR), a global provider of AI based edge video analytics, IoT technologies, and cybersecurity, today announced it is one of a select group of companies chosen to participate in the first ever UK-Southeast Asia Tech Week, sponsored by the UK Department for Business and Trade (DBT).

Gorilla Technology Chosen to Participate in UK Tech Delegation Visit to Southeast Asia

--Tangible Milestone in Global Expansion Strategy-- --Video Analytics Suite for Smart Port Application-- --Customer Win Supported by Headquarters Move to U.K.-- LONDON, Feb. 07, 2023 (GLOBE NEWSWIRE) -- Gorilla Technology Group Inc. (“Gorilla”) (NASDAQ: GRRR), a global provider of AI-based edge video analytics, IoT technologies, and cybersecurity, today announced that it secured its first U.K. customer for its edge-based Video Analytics solution for a port owner upgrading its infrastructure to enable more efficient operations through intelligent “Smart Port” functionality.

Gorilla Technology Group Announces First U.K. Customer

Technology veteran to lead growth efforts in Asia from company's new Singapore office Technology veteran to lead growth efforts in Asia from company's new Singapore office

Gorilla Technology Group Names Lawrence Ng Head of Asia

U.K. Expansion Advances Company's Globalization Strategy U.K. Expansion Advances Company's Globalization Strategy

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