Gorilla Technology Group Inc.
$8.86 -0.0150 -0.60% 4.3K
Company Overview
Gorilla Technology Group (GRRR) is a global leader in AI-based IIOT (Industrial Internet of Things) solutions with a strong emphasis on security convergence, video analytics, and big data. Leveraging over 22 years of innovation and industry expertise, Gorilla provides transformative solutions that enhance the safety, efficiency, and operational capabilities of smart cities, smart ports, smart buildings, and more. The company's proprietary technologies empower clients across both public and private sectors by offering predictive insights and robust network defense, driving the next wave of digital transformation. With a footprint spanning over seven countries and 29 granted patents globally, Gorilla Technology is well positioned to accelerate revenue growth as it creates secure, intelligent environments that address the complexities of modern urban life and industrial operations.
Value Proposition
With over 22 years of operational excellence and a portfolio of 29 granted patents globally, Gorilla has established itself as a leader in delivering transformative solutions that drive large-scale digital transformation. The company’s advanced technologies, including edge AI, big data analytics, IoT security, and virtualization infrastructure, empower clients across critical sectors such as government, public safety, manufacturing, and energy management to create smarter, safer, and more efficient environments.
In H1 2024, Gorilla achieved record-breaking growth, with revenue surging by 222% to $20.67 million. Gross profit increased by an extraordinary 456%, while the company posted a net profit of $1.61 million, a remarkable turnaround from a loss of $7.27 million in H1 2023. Gorilla continues to expand aggressively into key markets, including Europe, APAC, and MENA. The company is actively working on the $270 million MENA project, with Phase 3 expected to unlock additional revenue streams throughout 2024 and 2025. The expansion is supported by a growing pipeline of contracts, including significant deals in Southeast Asia, South America, and the United Kingdom, positioning the company to surpass $72 million in annual revenue by the end of 2024.
Gorilla’s strong financial foundation, innovative technology, and strategic market expansion provide a solid basis for long-term value creation as it continues to lead in the global digital transformation landscape. Gorilla has buy ratings and a mean price target of $29.50 from three analysts.
Gorilla Creates Safe, Smart, and Responsible Solutions Driven by
Investor Presentation
Investment Highlights
Proprietary AI-based IIOT (Industrial Internet of Things) solutions driving large-scale digital transformation
- Solutions driving strong growth with revenue surging 222% in H1 2024
- Full suite of Smart City services designed to enhance operational efficiency, security, and data-driven decision-making across major urban environments
- Proprietary solutions cater to the unique needs of private and public enterprises, delivering innovative solutions to major customers in governments and public services, manufacturing, transportation, retail, and energy management
- Significant projects across multiple regions, including Europe, APAC, and MENA, with active operations in 7+ countries
Strong financial performance with record profits
- Gross profit up 456% in H1 2024
- Net profit of $1.61 million in H1 2024, significant turnaround from $7.3 million loss in H1 2023
Ongoing expansion in key markets
- Entered Phase 3 of the $270M MENA project, expected to unlock additional revenue streams in 2024 and 2025
- Targeting strategic hires and partnerships to drive market penetration and leverage emerging opportunities in APAC, MENA, and Europe
- Expanding customer base with long-term relationships and repeat clients, supporting steady revenue growth
Technological leadership backed by a robust patent portfolio and award-winning solutions
- Innovations protected by 29 granted patents globally
- 22+ year track record of delivering transformative solutions, underpinned by award-winning, advanced technology solutions, include edge AI, big data, IoT security, and virtualization infrastructure
Veteran leadership with proven experience
- Led by Chairman and CEO Jay Chandan, backed by a seasoned executive team with deep expertise in technology, innovation, and global market expansion
- Team previously held senior roles at EXLservice, Microsoft, IBM, Cisco, pwc, GE, and other leading enterprises
Buy ratings and mean price target of $29.50 from three analysts
- Coverage includes: Alliance Global, Cantor Fitzgerald, and Northland Capital
Global Expansion Driving Growth
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Disclosure
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Gorilla Technology (GRRR) is a client of RedChip Companies, Inc. GRRR agreed to pay RedChip Companies, Inc. a $8,500 monthly cash fee, beginning in August 2024, and can earn up to 15,000 shares of Rule 144 stock, for six month of investor awareness services. RedChip intends to and will, if possible, sell all of its shares immediately upon removal of the restriction, and you may be buying as RedChip is selling. GRRR also paid RedChip a one-time cash fee of fifty-thousand dollars for a 10-day national TV ad campaign aired October 16-29, 2024.
Investor awareness services and programs are designed to help small-cap companies communicate their investment characteristics. RedChip investor awareness services include the preparation of a research profile(s), multimedia marketing, and other awareness services.