New Risk • Jun 05
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next year. Trailing 12-month net loss: US$44m Forecast net loss in 1 year: US$37m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (47% increase in shares outstanding). Minor Risks Currently unprofitable and not forecast to become profitable next year (US$37m net loss next year). Share price has been volatile over the past 3 months (12% average weekly change). Significant insider selling over the past 3 months (US$216k sold). New Risk • May 29
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (47% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Significant insider selling over the past 3 months (US$216k sold). Reported Earnings • May 28
First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2026 results: US$1.42 loss per share (further deteriorated from US$0.23 loss in 1Q 2025). Revenue: US$28.2m (up 55% from 1Q 2025). Net loss: US$37.0m (loss widened US$32.4m from 1Q 2025). Revenue exceeded analyst estimates by 8.5%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 61% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Software industry in the US. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Tillkännagivande • May 27
Gorilla Technology Group Inc. to Report Q1, 2026 Results on May 27, 2026 Gorilla Technology Group Inc. announced that they will report Q1, 2026 results at 8:30 AM, US Eastern Standard Time on May 27, 2026 Direktnyheter • May 05
Gorilla Technology Lands $2.8 Billion Multi-Year AI Infrastructure Project in India With Yotta Gorilla Technology expanded its AI infrastructure collaboration with Yotta Data Services in India into a multi-year project valued at about $2.8b.
The project includes the deployment of an additional 20,736 B300 GPU cards by September 30, 2026 as part of building one of the largest NVIDIA DGX Cloud clusters in the APAC region.
A major NVIDIA engagement is expected to account for around half of the GPU offtake, tying Gorilla more closely to India’s sovereign and enterprise AI infrastructure buildout.
For you as an investor, the key takeaway is scale and duration. A $2.8b, multi-year commitment indicates Gorilla is positioning itself as a core infrastructure partner in one of the largest AI markets globally. The focus on sovereign and enterprise AI infrastructure in India indicates exposure to government and large corporate demand, which can behave differently from consumer-driven tech spending.
The reference to recurring infrastructure revenue potential points to a model where Gorilla may not only supply hardware-linked services but also stay engaged over time as capacity is used and expanded. The collaboration around one of the largest NVIDIA DGX Cloud clusters in APAC also ties the company’s fortunes more closely to high-end GPU computing, which carries both opportunity and execution risk, including delivery timelines, project complexity and customer adoption of AI workloads at scale. Reported Earnings • Apr 21
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: US$0.51 loss per share (improved from US$6.13 loss in FY 2024). Revenue: US$101.4m (up 36% from FY 2024). Net loss: US$11.3m (loss narrowed 83% from FY 2024). Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates by 155%. Revenue is forecast to grow 54% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Software industry in the US. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Apr 17
Independent Director recently sold US$216k worth of stock On the 15th of April, Evan S. Medeiros sold around 18k shares on-market at roughly US$12.12 per share. This transaction amounted to 46% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Mar 04
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: US$0.51 loss per share (improved from US$6.13 loss in FY 2024). Revenue: US$101.4m (up 36% from FY 2024). Net loss: US$11.3m (loss narrowed 83% from FY 2024). Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) missed analyst estimates by 155%. Revenue is forecast to grow 54% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Software industry in the US. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has fallen by 48% per year, which means it is significantly lagging earnings. Tillkännagivande • Feb 26
Gorilla Technology Group Inc. to Report Fiscal Year 2025 Results on Mar 02, 2026 Gorilla Technology Group Inc. announced that they will report fiscal year 2025 results on Mar 02, 2026 New Risk • Jan 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (147% increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (11% average weekly change). Reported Earnings • Nov 19
Third quarter 2025 earnings released: US$0.001 loss per share (vs US$2.81 loss in 3Q 2024) Third quarter 2025 results: US$0.001 loss per share (improved from US$2.81 loss in 3Q 2024). Revenue: US$26.5m (down 1.9% from 3Q 2024). Net loss: US$28.2k (loss narrowed 100% from 3Q 2024). Revenue is forecast to grow 33% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Software industry in the US. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has fallen by 49% per year, which means it is significantly lagging earnings. Tillkännagivande • Nov 04
Gorilla Technology Group Inc. Appoints Thomas Sennhauser as Chief Technology Officer of Infrastructure Practice Gorilla Technology Group Inc. announced the appointment of Thomas Sennhauser as Chief Technology Officer of Infrastructure Practice. In this newly defined role, Mr. Sennhauser will lead the design, buildout, and global delivery of Gorilla's next-generation AI data centres, GPU-as-a-Service platforms, and national-scale digital infrastructure programmes. Mr. Sennhauser joins the executive leadership team following his critical contribution to Gorilla's recently announced $1.4 billion Freyr infrastructure programme across Southeast Asia, one of the largest sovereign AI deployments in the region to date. As CTO of Infrastructure Practice, Mr. Sennhauser will report to Gorilla's CTO, Dr. Raj Natarajan, who leads the business' global technology operations. Following his appointment to the executive team, Mr. Sennhauser will continue to serve on Gorilla's Board of Directors in a non-independent capacity. With over 30 years in enterprise technology, Mr. Sennhauser has built a strong track record across some of the most respected names in the industry. At Intel Corporation as CTO and Business Lead for Asia-Pacific &Japan, he led strategic AI, data centre and cloud-native infrastructure programmes, while steering customer partnerships and regional ecosystem development. At Hewlett Packard Enterprise, Mr. Sennhauser served as CTO of the Enterprise Group APJ, spearheading the launch of NFV/SDN capabilities across telcos, scaling IoT platforms and transforming solution-based sales. Prior to these roles, he also held positions at Swisscom and HPE Consulting, during which time his efforts included building telco consulting practices, managing strategic architecture for Tier-1 operators, and leading go-to-market transformation across multiple geographies. Reported Earnings • Aug 14
Second quarter 2025 earnings: EPS and revenues miss analyst expectations Second quarter 2025 results: US$0.20 loss per share (down from US$1.22 profit in 2Q 2024). Revenue: US$21.1m (up 77% from 2Q 2024). Net loss: US$3.94m (down 130% from profit in 2Q 2024). Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in the US. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has fallen by 48% per year, which means it is significantly lagging earnings. Tillkännagivande • Aug 11
Gorilla Technology Group Inc. to Report First Half, 2025 Results on Aug 14, 2025 Gorilla Technology Group Inc. announced that they will report first half, 2025 results on Aug 14, 2025 Tillkännagivande • Jul 03
Gorilla Technology Group Inc. has completed a Follow-on Equity Offering in the amount of $104.999653 million. Gorilla Technology Group Inc. has completed a Follow-on Equity Offering in the amount of $104.999653 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 2,529,946
Price\Range: $17.5
Discount Per Security: $0.99071
Security Name: Pre-Funded Warrants
Security Type: Equity Warrant
Securities Offered: 3,470,054
Price\Range: $17.4999
Discount Per Security: $1.05
Transaction Features: Registered Direct Offering Tillkännagivande • Jul 02
Gorilla Technology Group Inc. has filed a Follow-on Equity Offering in the amount of $104.999653 million. Gorilla Technology Group Inc. has filed a Follow-on Equity Offering in the amount of $104.999653 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 2,529,946
Price\Range: $17.5
Discount Per Security: $0.99071
Security Name: Pre-Funded Warrants
Security Type: Equity Warrant
Securities Offered: 3,470,054
Price\Range: $17.4999
Discount Per Security: $1.05
Transaction Features: Registered Direct Offering Reported Earnings • Jun 20
First quarter 2025 earnings: EPS and revenues miss analyst expectations First quarter 2025 results: US$0.23 loss per share (improved from US$1.47 loss in 1Q 2024). Revenue: US$18.3m (up 109% from 1Q 2024). Net loss: US$4.56m (loss narrowed 60% from 1Q 2024). Revenue missed analyst estimates by 6.4%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 25% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Software industry in the US. Tillkännagivande • Jun 14
Gorilla Technology Group Inc. to Report Q1, 2025 Results on Jun 18, 2025 Gorilla Technology Group Inc. announced that they will report Q1, 2025 results on Jun 18, 2025 Reported Earnings • May 02
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: US$6.13 loss per share (down from US$1.92 profit in FY 2023). Revenue: US$74.7m (up 15% from FY 2023). Net loss: US$64.8m (down US$78.3m from profit in FY 2023). Revenue exceeded analyst estimates by 4.9%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 28% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Software industry in the US. New Risk • Apr 19
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (26% average weekly change). High level of non-cash earnings (47% accrual ratio). Shareholders have been substantially diluted in the past year (119% increase in shares outstanding). Minor Risk Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to US$19.29, the stock trades at a forward P/E ratio of 19x. Average trailing P/E is 30x in the Software industry in the US. Total returns to shareholders of 281% over the past year. Valuation Update With 7 Day Price Move • Apr 02
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to US$20.77, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 8x in the Software industry in the US. Total returns to shareholders of 184% over the past year. Tillkännagivande • Mar 27
Gorilla Technology Group Inc. to Report Q4, 2024 Results on Mar 31, 2025 Gorilla Technology Group Inc. announced that they will report Q4, 2024 results on Mar 31, 2025 Valuation Update With 7 Day Price Move • Mar 12
Investor sentiment deteriorates as stock falls 29% After last week's 29% share price decline to US$26.99, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 8x in the Software industry in the US. Total returns to shareholders of 280% over the past year. Valuation Update With 7 Day Price Move • Feb 25
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to US$21.54, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 10x in the Software industry in the US. Total returns to shareholders of 157% over the past year. Valuation Update With 7 Day Price Move • Feb 06
Investor sentiment improves as stock rises 34% After last week's 34% share price gain to US$18.07, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 7x in the Software industry in the US. Total returns to shareholders of 94% over the past year. Valuation Update With 7 Day Price Move • Jan 13
Investor sentiment deteriorates as stock falls 39% After last week's 39% share price decline to US$12.07, the stock trades at a forward P/E ratio of 12x. Average trailing P/E is 39x in the Software industry in the US. Total returns to shareholders of 127% over the past year. New Risk • Dec 30
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings are forecast to decline by an average of 8.3% per year for the foreseeable future. High level of non-cash earnings (47% accrual ratio). Shareholders have been substantially diluted in the past year (68% increase in shares outstanding). Valuation Update With 7 Day Price Move • Dec 28
Investor sentiment improves as stock rises 41% After last week's 41% share price gain to US$18.88, the stock trades at a forward P/E ratio of 19x. Average trailing P/E is 41x in the Software industry in the US. Total returns to shareholders of 250% over the past year. Valuation Update With 7 Day Price Move • Dec 13
Investor sentiment improves as stock rises 35% After last week's 35% share price gain to US$8.88, the stock trades at a forward P/E ratio of 9x. Average trailing P/E is 42x in the Software industry in the US. Total returns to shareholders of 55% over the past year. Tillkännagivande • Dec 04
Gorilla Technology Group Inc. Announces Appointment of Thomas Sennhauserto to Its Board of Directors Gorilla Technology Group Inc. announced the appointment of Thomas Sennhauserto its esteemed Board of Directors, effective 1st December 2024. With a stellar career spanning over two decades, Thomas brings unparalleled expertise in technology leadership, R&D and digital transformation. Currently serving as the CTO and Business Lead, APJ, at Intel Corporation, he has driven ground-breaking advancements in AI, IoT, SDN and Cloud Infrastructure, forging partnerships that have reshaped industries across the Asia-Pacific region and beyond. Thomas’s career is a testament to strategic brilliance and technical mastery. At Intel, he has spearheaded initiatives that delivered transformative solutions, from building advanced cloud ecosystems to enabling AI-powered business outcomes. Prior to Intel, his roles at Hewlett Packard Enterprise further solidified his reputation as a global technology strategist, particularly in emerging fields like Network Function Virtualisation (NFV) and Software Defined Networking (SDN). Thomas will contribute to the strategic direction and governance of Gorilla as it scales its operations, strengthens its market leadership and continues its mission to redefine industries through cutting-edge AI, cybersecurity and smart city solutions. This appointment comes at a time of significant momentum for Gorilla, as the company expands its global footprint and deepens its impact across sectors ranging from public safety to enterprise efficiency. Valuation Update With 7 Day Price Move • Nov 22
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$4.78, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 2x in the Software industry in the US. Total loss to shareholders of 32% over the past year. Valuation Update With 7 Day Price Move • Oct 21
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to US$4.96, the stock trades at a forward P/E ratio of 8x. Average trailing P/E is 38x in the Software industry in the US. Total loss to shareholders of 40% over the past year. Price Target Changed • Oct 02
Price target decreased by 66% to US$14.67 Down from US$43.00, the current price target is an average from 3 analysts. New target price is 296% above last closing price of US$3.70. Stock is down 55% over the past year. The company is forecast to post earnings per share of US$0.77 for next year compared to US$1.92 last year. Major Estimate Revision • Oct 02
Consensus EPS estimates increase by 144%, revenue downgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from US$79.1m to US$73.3m. EPS estimate rose from US$0.315 to US$0.77. Net income forecast to shrink 46% next year vs 15% growth forecast for Software industry in the US . Consensus price target down from US$43.00 to US$14.67. Share price fell 8.0% to US$3.70 over the past week. Price Target Changed • Sep 26
Price target increased by 16% to US$49.67 Up from US$43.00, the current price target is an average from 3 analysts. New target price is 1,145% above last closing price of US$3.99. Stock is down 53% over the past year. The company is forecast to post earnings per share of US$0.32 for next year compared to US$1.92 last year. Valuation Update With 7 Day Price Move • Sep 16
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to US$3.89, the stock trades at a forward P/E ratio of 12x. Average trailing P/E is 39x in the Software industry in the US. Total loss to shareholders of 73% over the past year. Tillkännagivande • Sep 13
Gorilla Technology Group Inc. to Report First Half, 2024 Results on Sep 30, 2024 Gorilla Technology Group Inc. announced that they will report first half, 2024 results on Sep 30, 2024 Tillkännagivande • Sep 12
Gorilla Technology Group Inc. (NasdaqCM:GRRR) announces an Equity Buyback for 1,100,000 shares, for $6 million. Gorilla Technology Group Inc. (NasdaqCM:GRRR) announces an share repurchase program. Under the program, the company will repurchase 1,100,000 shares for up to $6 million worth of its shares. The purpose of the program is maximizing shareholder value. The repurchase program is valid for next five business days. Valuation Update With 7 Day Price Move • Aug 26
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to US$2.89, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 9x in the Software industry in the US. Total loss to shareholders of 82% over the past year. Board Change • Aug 01
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Director Gregg Walker is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Tillkännagivande • Jul 15
Gorilla Technology Group Appoints Keith Levy to Board of Directors Gorilla Technology Group Inc. announced Keith Levy, former Head of Corporate Derivatives Trading for Bank of America, has joined Gorilla’s Board of Directors. Keith Levy is a venture capitalist and seasoned banker with an illustrious career spanning over two decades. Most recently, he served as the head of Corporate Derivatives Trading for EMEA (Europe, Middle East, and Africa) at Bank of America. His journey in banking began at Credit Suisse in 2000, where he honed his expertise until his transition to Bank of America in 2019. During his tenure at Credit Suisse, he held the prestigious position of head of Structured Finance for EMEA. He is also a member of the Executive Leadership Council, an organization of the highest-ranked Black executives in leading global enterprises. In 2020, the ELC recognized him as International Executive of the Year. His exceptional leadership in trading, risk management, balance sheet and capital optimization, and trading technology was instrumental in managing a staggering 45 billion USD of the firm’s balance sheet. His arrival is set to bring unparalleled expertise and a dynamic vision to board and the wider company. Keith earned a bachelor’s degree in physics from Harvard University and dual master’s degrees in physics and financial engineering from the University of Michigan. Most recently, he was a lead advisor to a strategic white paper sponsored by the ELC and the University College of London on the economic risk of racial inequality to the broader UK economy. Tillkännagivande • Jun 09
Gorilla Technology Group Inc. has filed a Follow-on Equity Offering. Gorilla Technology Group Inc. has filed a Follow-on Equity Offering.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 2,142,858
Price\Range: $5.6
Security Name: Warrants
Security Type: Equity Warrant
Securities Offered: 2,142,858
Transaction Features: Registered Direct Offering Tillkännagivande • May 03
Gorilla Technology Group Inc. announced delayed 20-F filing On 05/01/2024, Gorilla Technology Group Inc. announced that they will be unable to file their next 20-F by the deadline required by the SEC. Tillkännagivande • Apr 16
Gorilla Technology Announces 10:1 Reverse Stock Split to Regain Compliance with Nasdaq’s Minimum Bid Price Requirement Gorilla Technology Group Inc. (‘Gorilla’ or the ‘Company’) announced on April 9, 2024 that it will implement a 1-for-10 reverse stock split of its shares, effective April 15, 2024. The reverse split it is intended to regain compliance with Nasdaq’s minimum bid price requirement before the May 1, 2024 deadline. Gorilla shareholders approved the reverse split at the extraordinary general meeting held on March 26, 2024. Once in compliance with Nasdaq’s listing rules, Gorilla can focus on its burgeoning pipeline of business opportunities. Additionally, the reverse split is intended to enhance Gorilla's attractiveness to a broader range of institutional investors, particularly among institutions that require a minimum share price for investment. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment deteriorates as stock falls 29% After last week's 29% share price decline to US$6.00, the stock trades at a forward P/E ratio of 171x. Average trailing P/E is 42x in the Software industry in the US. Total loss to shareholders of 78% over the past year. Price Target Changed • Apr 09
Price target decreased by 18% to US$4.30 Down from US$5.27, the current price target is an average from 3 analysts. New target price is 466% above last closing price of US$0.76. Stock is down 73% over the past year. The company posted earnings per share of US$0.24 last year. Reported Earnings • Apr 04
Full year 2023 earnings released Full year 2023 results: Revenue: US$64.7m (up 189% from FY 2022). Net income: US$19.9m (up US$107.5m from FY 2022). Profit margin: 31% (up from net loss in FY 2022). The move to profitability was primarily driven by higher revenue. Revenue is forecast to grow 29% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Software industry in the US. Major Estimate Revision • Feb 12
Consensus revenue estimates increase by 11% The consensus outlook for revenues in fiscal year 2023 has improved. 2023 revenue forecast increased from US$60.9m to US$67.4m. Now expected to report a profit of US$0.15 instead of losses of -US$0.21 per share. Software industry in the US expected to see average net income growth of 28% next year. Consensus price target down from US$5.27 to US$4.97. Share price fell 6.4% to US$1.02 over the past week. Major Estimate Revision • Feb 12
Consensus revenue estimates increase by 11% The consensus outlook for revenues in fiscal year 2023 has improved. 2023 revenue forecast increased from US$60.9m to US$67.4m. Now expected to report a profit of US$0.15 instead of losses of -US$0.21 per share. Software industry in the US expected to see average net income growth of 28% next year. Consensus price target down from US$5.27 to US$4.97. Share price fell 6.4% to US$1.02 over the past week. Reported Earnings • Feb 06
Third quarter 2023 earnings released: EPS: US$0.21 (vs US$0.58 loss in 3Q 2022) Third quarter 2023 results: EPS: US$0.21 (up from US$0.58 loss in 3Q 2022). Revenue: US$31.5m (up US$27.2m from 3Q 2022). Net income: US$14.2m (up US$53.6m from 3Q 2022). Profit margin: 45% (up from net loss in 3Q 2022). Revenue is forecast to grow 39% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US. New Risk • Feb 06
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 29% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (29% average weekly change). Minor Risks Less than 1 year of cash runway based on current free cash flow (-US$21m). Currently unprofitable and not forecast to become profitable over next 2 years (US$8.7m net loss in 2 years). Shareholders have been diluted in the past year (3.9% increase in shares outstanding). Market cap is less than US$100m (US$82.6m market cap). New Risk • Jan 28
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.9% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Less than 1 year of cash runway based on current free cash flow (-US$21m). Currently unprofitable and not forecast to become profitable over next 2 years (US$8.7m net loss in 2 years). Shareholders have been diluted in the past year (3.9% increase in shares outstanding). Market cap is less than US$100m (US$37.9m market cap). Tillkännagivande • Sep 23
Gorilla Technology Group Inc. Reiterates Revenue Guidance for 2023 and 2024 Gorilla Technology Group Inc. reiterated its prior guidance for 2023 and 2024 revenue of $65 million and $90 million, respectively. Reported Earnings • Aug 13
First half 2023 earnings released: US$0.11 loss per share (vs US$0.29 loss in 1H 2022) First half 2023 results: US$0.11 loss per share (improved from US$0.29 loss in 1H 2022). Revenue: US$6.43m (down 53% from 1H 2022). Net loss: US$7.27m (loss narrowed 16% from 1H 2022). Revenue is forecast to grow 52% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US. Tillkännagivande • Aug 11
Gorilla Technology Group Inc. Reaffirms Revenue Guidance for the Second Half and Full Year 2023 and Provides Revenue Guidance for the Full Year 2024 Gorilla Technology Group Inc. reaffirmed revenue guidance for the second half and full year 2023 and provided revenue guidance for the full year 2024. The Company updated guidance to reflect the Egypt contract. Based on the current project plan and revenue recognition practices, the company reaffirms 2023 full year revenue guidance of $65 million, as such anticipates second half 2023 revenue of approximately $58 million. With won business to date of $300 million, the company is comfortable offering initial guidance for 2024 revenue of $90 million. New Risk • Aug 11
New major risk - Revenue and earnings growth Revenue has declined by 47% over the past year. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (40% average weekly change). Revenue has declined by 47% over the past year. Tillkännagivande • Aug 08
Gorilla Technology Group Inc. to Report First Half, 2023 Results on Aug 09, 2023 Gorilla Technology Group Inc. announced that they will report first half, 2023 results on Aug 09, 2023 Tillkännagivande • Jun 15
Gorilla Technology Group Inc., Annual General Meeting, Jul 12, 2023 Gorilla Technology Group Inc., Annual General Meeting, Jul 12, 2023, at 09:00 US Eastern Standard Time. Agenda: To resolve as an ordinary resolution to approve the Gorilla Technology Group Inc. 2023 Omnibus Incentive Plan (the "2023 Plan"); and to resolve as an ordinary resolution to approve the re-appointment of PricewaterhouseCoopers Taiwan ("PwC Taiwan") as the Company's independent registered auditor for the year ending December 31, 2023, and to authorize the Board to fix such auditor's annual compensation. Tillkännagivande • Feb 02
Gorilla Technology Group Inc. Names Lawrence Ng as Head of Asia Gorilla Technology Group Inc. announced it has hired technology industry veteran Lawrence Ng as Head of Asia. In his new role, Ng will oversee the company’s expansion efforts in the Asia region. In addition, Gorilla announced the opening of its new Singapore office, which Ng will lead. Ng brings more than 25 years of experience in information communications technology and sales, helping companies build roadmaps to deal with digital disruption. He joins Gorilla from Aspen Technology, where he served as Vice President of Sales for Asia-Pacific and Japan. Previously, Ng spent nearly five years at Oracle and more than seven years at Cisco in business development and sales leadership roles. He also spent 17 years in the Singapore Armed Forces, where he was CTO to senior decision makers to help leverage technology. Throughout his tenure, Ng served as a trusted advisor to senior leadership, as well as National Security and Defense decision makers across APAC, where he helped educate and implement cutting-edge technologies to support national initiatives. Ng earned an MBA from the University at Buffalo School of Management and a Master of Science degree from Nanyang Technological University Singapore, as well as a Bachelor of Engineering degree (Hons) from National University of Singapore. Board Change • Feb 01
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Independent Director Ruth Kelly is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Tillkännagivande • Jan 19
Gorilla Technology Group Inc. (NasdaqCM:GRRR) completed the acquisition of SeeQuestor Ltd. Gorilla Technology Group Inc. (NasdaqCM:GRRR) agreed terms for the acquisition of SeeQuestor Ltd. on November 3, 2022. The transaction is subject to customary completion conditions, regulatory approvals, and a majority approval from SeeQuestor’s shareholders. Target Board has unanimously approved the transaction. Fabrizio Carpanini of Dorsey is representing SeeQuestor Ltd.
Gorilla Technology Group Inc. (NasdaqCM:GRRR) completed the acquisition of SeeQuestor Ltd. on January 18, 2023. Board Change • Jan 17
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Gregg Walker was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Jan 10
Gorilla Technology Group Announces Board Changes Gorilla Technology Group Inc. announced Dr. Evan Medeiros has joined the company's Board of Directors, effective Jan. 09, 2023. Gorilla also announced that Tomoyuki Nii has resigned from the Board of Directors. Dr. Medeiros is a renowned expert in international politics and business. A former White House senior advisor to President Obama, he is currently the Penner Family Chair in Asia Studies at Georgetown University's School of Foreign Service. His research and teaching focuses on the international politics of East Asia, U.S.-China relations and China's foreign and national security policies. Tillkännagivande • Nov 16
Gorilla Technology Group Inc. Appoints Max Lin as the General Manager, Taiwan Gorilla Technology Group Inc. announced the appointment of industry veteran Max Lin as the General Manager, Taiwan. Max has more than 18 years of extensive experience in the technology sector with start-ups, SMEs, and global companies. Based in Taipei, Max has a deep understanding of the Taiwanese market and has extensive experience working with a multicultural team to expand the business regionally and globally. This, coupled with his expertise in customer service, product management, brand management, sales and business development, and channel management in the region make him a strong fit for the role of General Manager, Taiwan. Previously, Max held the role of Sales Director Asia at 7Sensing Software, a European start-up focused on computer vision and audio solutions. At 7Sensing, Max was responsible for building and managing Asia business development, sales, and application engineering team in Taipei and Shenzhen. Prior to that, he was Vice President of Sales at CyWee Motion, a leading provider of motion algorithms and solutions for smartphones, wearable products, and IoT. His other notable employment experiences were at IBM, Acer, and Xplova. In addition to his technical and functional experience, Max has experience in building, growing and optimizing teams, raising funds, identifying and working on acquisition opportunities and building strategic relationships. He has completed his BA and MS in Engineering from National Chiao Tung University and MBA from Babson Graduate School (US). Tillkännagivande • Nov 04
Gorilla Technology Group Inc. (NasdaqCM:GRRR) agreed terms for the acquisition of SeeQuestor Ltd. Gorilla Technology Group Inc. (NasdaqCM:GRRR) agreed terms for the acquisition of SeeQuestor Ltd. on November 3, 2022. The transaction is subject to customary completion conditions, regulatory approvals, and a majority approval from SeeQuestor’s shareholders. Target Board has unanimously approved the transaction. 
