Gorilla Technology Group Inc (GRRR)

[saigai]

revenue machine in the making...cfp soon building a positin down here

[WeTheMarket]

Gorilla Technology Group and Lanner Electronics Inc. Forge Strategic Partnership to Develop AI-Enabled Cybersecurity Products in MENA Region
March 4, 2024
https://investors.gorilla-technology.com/node/7446/pdf

[Mercutos]

First week April will be fun

[saigai]

go on sell you know you want to and please get out of the damn way we got places to go

[WeTheMarket]

Taping of this morning's Fireside Chat with Gorilla Technology Group, Inc. CEO, Jay Chandan (just 15 minutes long) is available at the same link https://us06web.zoom.us/webinar/register/8817077699833/WN_zl1cjgKZSFiV_KobcWhJuA?os=ipad#/registration

[WeTheMarket]

Starts in 5 minutes: Fireside Chat: Gorilla Technology Group, Inc. (NASDAQ:GRRR) CEO Jay Chandan
Date & Time Feb 20, 2024 11:00 AM ET
Link https://us06web.zoom.us/webinar/register/8817077699833/WN_zl1cjgKZSFiV_KobcWhJuA?os=ipad#/registration

[WeTheMarket]

Prospectus Supplement filed Pursuant to Rule 424(b)(5)
February 14, 2024
https://investors.gorilla-technology.com/static-files/75ddbf21-b54e-432a-bb67-39db99434b67

Summary
10,000 Series B Convertible Preference Shares Series B Ordinary Share Purchase Warrants to Purchase 8,250,000 Ordinary Shares (and 9,090,909 Ordinary Shares issuable upon conversion of such Preference Shares and 8,250,000 Ordinary Shares issuable upon exercise of such Warrants).

[TOM611]

We. Thankyou and others that helpedof answered this question however, it’s a good sign because they are able to raise capital and they still have a very low flow considering the growth to company has.

[WeTheMarket]

Tom, the offering has no impact on the terms of public warrants you and I own, exercise price $11.50 per warrant for one common share, and expiration date of July 13, 2027.

[littlejohn]

GRRR...GRRRW link with chart in it...

https://finance.yahoo.com/quote/GRRRW/

Appears that they are fluctuating as

the price moves...

Click on 1 month on chart to see how

they perked up with price rebound...

Other than that, 'I know nothing'...

So we watch...LJ

[TOM611]

I own. GRRRW. Warrants. Would they be repriced?

[WeTheMarket]

Gorilla Announces $10 Million Registered Direct Offering of Convertible Preferred Stock
February 15, 2024
https://investors.gorilla-technology.com/news-releases/news-release-details/gorilla-announces-10-million-registered-direct-offering

LONDON, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Gorilla Technology Group Inc. (“Gorilla”) (NASDAQ: GRRR), a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence, and IoT technology, today announced that it has entered into securities purchase agreements with existing institutional investors for the purchase and sale of 10,000 Series B convertible preference shares (the “Series B preference shares”) at a purchase price of $1,000 per share pursuant to a registered direct offering. Each Series B preference share is convertible into ordinary shares of Gorilla at a conversion price of $1.10 per share. Along with the Series B preference shares, Gorilla further agreed to issue to the investors Series B ordinary share purchase warrants (the “Series B warrants”) to purchase up to an aggregate of 8,250,000 ordinary shares of Gorilla. The Series B warrants will have an exercise price of $1.50, will be exercisable immediately and will expire five years from the date of issuance. The closing of the offering is expected to occur on or about February 20, 2024, subject to the satisfaction of customary closing conditions.

A.G.P./Alliance Global Partners is acting as sole placement agent for the offering.

The gross proceeds to Gorilla from this offering are expected to be approximately $10 million, before deducting the placement agents’ fees and other offering expenses. Gorilla intends to use the net proceeds from the offering for working capital needs.

The securities described above are being offered pursuant to a shelf registration statement on Form F-3 (File No. 333-274053) that was filed with the Securities and Exchange Commission (the “SEC”) on August 17, 2023 and declared effective by the SEC on August 29, 2023. The offering is being made by means of a prospectus, including a prospectus supplement, that form part of the registration statement. A final prospectus supplement and accompanying prospectus relating to the offering will be filed with the SEC. Electronic copies of the final prospectus supplement and accompanying prospectus may be obtained, when available, from A.G.P./Alliance Global Partners, 590 Madison Avenue, 28th Floor, New York, NY 10022, or by telephone at [phone], or by email at [e-mail].

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Investor Relations Contact:
Cody Fletcher
The Blueshirt Group for Gorilla
[phone]
[e-mail]

Media Contact:
James McCusker
Canaan Parish Group Inc.
[phone]
[e-mail]

[WeTheMarket]

Gorilla Technology Lands Groundbreaking Deal with Major Hospital Network in Thailand
February 12, 2024
https://investors.gorilla-technology.com/news-releases/news-release-details/gorilla-technology-lands-groundbreaking-deal-major-hospital

-- Establishes groundwork for further expansion in the region and globally –-
-- A leading Video Management System with Intelligent Video Analytics in Thailand--

LONDON, Feb. 12, 2024 (GLOBE NEWSWIRE) -- Gorilla Technology Group Inc. ("Gorilla") (NASDAQ: GRRR), a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence, and IoT technology, today announced they have secured the winning bid for Comprehensive Video Management System with Intelligent Video Analytics Solution at Chakri Naruebodindra Medical Institute under Rama Hospital., Thailand.

Rama Hospital's partnership underscores its commitment to embracing innovative technologies to elevate patient care, enhance safety, and optimize operational workflows. This move marks a significant leap forward in healthcare innovation within Thailand, aiming to revolutionize the way the hospital approaches security and surveillance.

The innovative Video Management System, equipped with Intelligent Video Analytics, will empower Rama Hospital with real-time actionable insights, advanced security measures, and streamlined operational efficiencies. This seamless integration of intelligent video analytics, facial recognition technology and advanced monitoring capabilities ushers a new era for the hospital, fortifying its commitment to safeguarding the well-being, security, and privacy of patients, staff, and guests.

Spearheading this collaboration, Will Addison, Vice President - Innovation, remarked, “We are thrilled to have been chosen by Rama Hospital for this transformative project. Our team is deeply committed to delivering a bespoke solution that aligns seamlessly with the hospital's unique requirements and contributes to its ongoing success in providing exceptional healthcare services. We foresee this partnership transcending its current scope, potentially expanding to include other hospitals under the Rama Hospital network, thus paving the path for regional growth and advancement in the healthcare industry."

Will continued, “Furthermore, the momentum of this collaboration has paved the way for our pursuit in similar groundbreaking deals in iCCTV & Post Event within the UK market. With negotiations well underway, we are optimistic about finalizing these agreements soon. At Gorilla, we remain dedicated to pushing the boundaries of innovation with our products and services to deliver exceptional results for our customers. As we continue to expand our reach and explore new opportunities, we are confident in our ability to drive positive change and make a lasting impact in the ever-evolving landscape of technology solutions.”

About Gorilla Technology Group Inc.

"Empowering Your Tomorrow"

Gorilla, headquartered in London U.K., is a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence and IoT technology. Gorilla offers a wide range of solutions, including, Smart City, Network, Video, Security Convergence and IoT across select verticals of Government & Public Services, Manufacturing, Telecom, Retail, Transportation & Logistics, Healthcare and Education.

The Company’s vision is to empower a connected tomorrow through innovative and transformative technologies. Gorilla envisions a world where seamless connectivity transcends boundaries, enriching lives, industries, and societies.

Gorilla’s commitment is to lead the way in pioneering innovative solutions that bridge gaps, foster collaboration, and inspire progress. By relentlessly pushing the boundaries of technology, the Company aims to create an ecosystem where individuals, businesses and communities thrive in an era of digital empowerment.

Through continuous innovation, ethical practices and a steadfast dedication to quality, Gorilla strives to shape a future where every interaction, transaction, and experience is enhanced by the power of technology.

For more information go to www.gorilla-technology.com.

[WeTheMarket]

Gorilla Technology Group Inc. (NASDAQ:GRRR) Just Reported, And Analysts Assigned A US$4.97 Price Target
Simply Wall St
Published February 09, 2024
https://simplywall.st/stocks/us/software/nasdaq-grrr/gorilla-technology-group/news/gorilla-technology-group-inc-nasdaqgrrr-just-reported-and-an

[WeTheMarket]

Investors Will Want Gorilla Technology Group's (NASDAQ:GRRR) Growth In ROCE To Persist
Simply Wall St
Published February 07, 2024
https://simplywall.st/stocks/us/software/nasdaq-grrr/gorilla-technology-group/news/investors-will-want-gorilla-technology-groups-nasdaqgrrr-gro

[TimeFades]

Prop bids pulled

[WeTheMarket]

Link to Sept 2023 Investor Presentation https://investors.gorilla-technology.com/static-files/3640b42f-aa68-4ebb-afb2-1acda2f91529

[TimeFades]

Almost there

[TimeFades]

Short

[threebabiesbusy]

Wow, great performer

[threebabiesbusy]

Wow, great performer

[WeTheMarket]

Gorilla Technology Group Reports Results Through Third Quarter 2023
February 5, 2024
https://investors.gorilla-technology.com/news-releases/news-release-details/gorilla-technology-group-reports-results-through-third-quarter

Summary
– Q3 revenues far exceeded total revenue of 2022 –
– High value Product driven & Services business model reflected in 76.5% gross margin –
– Won sales exceeded internal target of $68 million, standing at $300 million (a 441% increase) –
– Achieved discounted run rate revenues of $88 million in Q3 –
– Solid visibility with sales pipeline over $1 billion –

LONDON, Feb. 05, 2024 (GLOBE NEWSWIRE) -- Gorilla Technology Group Inc. (“Gorilla”) (NASDAQ: GRRR), a global provider of AI-based edge video analytics, IoT technologies, and security convergence, today reported financial results for the nine months ending September 30, 2023.

YTD Highlights

- Surging Revenue: Nine-month revenue of $37.9 million surged by over 2x versus the same period, last year.
- High and Expanding Margin Reflects Value of Business Model: The robust 76.5% gross margin underscores Gorilla's dynamic product-driven and services-oriented business model, a significant leap from the approximately 33% gross margin recorded in the previous year.
- Bottom Line Focus: Achieved an impressive turnaround, with total comprehensive income soaring to $7.2 million, a remarkable improvement from last year's comprehensive loss of ($86 million). This result underscores Gorilla's unwavering commitment to boosting profitability at the bottom line. The adjusted EBITDA experienced an extraordinary surge, reaching $13.4 million, marking an outstanding 431% YoY increase compared to an EBITDA loss of ($4 million) for the same period last year.
- Exceptional Visibility: With discounted run rate revenue over $88 million today, Gorilla affirms its target to achieve at least $90 million of revenue in 2024 and is on course to becoming cash flow positive.

Gorilla Chief Executive Officer Jay Chandan commented, “I am absolutely thrilled to announce stellar earnings for the first nine months of 2023! We’ve not just met our numbers for Q3, but exceeded expectations, showcasing the incredible dedication and hard work of every member of our team. It’s not just about the numbers; it’s a testament to our shared commitment to excellence.

“Our revenue soared to new heights, and in fact our revenue this quarter far exceeded analyst expectations of $21.8 million. This is due to the success of our innovative strategies and unwavering customer focus. We’re not just navigating the market, we’re shaping it. Gross margin more than doubled versus last year due to our relentless pursuit of quality, creativity, and customer satisfaction. Furthermore, comprehensive net income and adjusted EBITDA soared, showcasing our commitment to benefiting shareholders by driving profitability to the bottom line.”

Chandan continued, “We’re not just achieving financial milestones—we’re forging a path of sustained growth and industry leadership. A heartfelt thank you to our dedicated team, loyal customers, and supportive stakeholders. With our momentum building, we are confident that the full year 2023 results are expected to meet prior guidance and that we are primed to achieve our target 2024 revenue of $90 million. We entered 2024 with a $1 billion sales pipeline. This sales pipeline is not just a numerical milestone, it is a testament to our dedication to pushing boundaries, exploring new opportunities, and providing unparalleled value to our clients. There is still plenty of work to be done to convert those leads into contracts and revenue, but my confidence in our team has never been greater.”

Chandan concluded, “Our dedication to judicious cost management has produced remarkable outcomes. We have streamlined our expenses without compromising the quality and efficiency of our operations, making a substantial contribution to our positive financial results. Our cash flow continues to be resilient, affording us the financial flexibility to explore additional project opportunities, invest in innovation, and navigate potential economic uncertainties. Looking forward, we hold an optimistic view of the future and persist in upholding the highest standards of financial stewardship. Our unwavering focus on innovation, operational excellence and customer satisfaction will remain the driving forces behind our ongoing success.”

Earnings Call

Earnings Call The Company will host a pre-recorded conference call on Tuesday, February 6, 2024 at 8:00 a.m. EST to discuss the Company's financial results.

Webcast: https://edge.media-server.com/mmc/p/95an8tgp

Telephone: Click here to register and join the event. Upon registering, you will be emailed a dial-in number and unique PIN.

[littlejohn]

OK, that is about what other sites show...

Was wondering if there are any

shares being sold into public float

since the original IPO,

which wouldn't change share count...

So we watch...LJ

[WeTheMarket]

LJ, 73.4 million shares according to the following link. https://stockanalysis.com/stocks/grrr/statistics/

[littlejohn]

Does anyone have share count and float

from the transfer agent?...

Is anyone tracking whether float is

rising each month with transfer agent?...

Ugly charts usually have reasons...

https://www.otcmarkets.com/stock/GRRR/security

So we watch...LJ

[Monksdream]

GRRR new 52 week low

[Monksdream]

GRRR new 52 week low

[Monksdream]

GRRR new 52 week low

[Monksdream]

GRRR new 52 week low

[Monksdream]

GRRR new 52 week low

[Monksdream]

GRRR new 52 week low

[ttottip]

Calm before the storm.

[trendzone]

Total dip shits selling the warrants so cheap,especially today at $0.10, this is the same moron or morons that have been showing big size on the offer, the dumbazz will regret it when the next big contract win news hits the market, it would be even better if the idiots were shorters that end up getting their azzes handed to them.

[macnai]

Stock will be up strongly on the next contract win.
Meanwhile, short-term speculators move on.

[AJ Freely]

$GRRR -👆Up 6% Pre-Market/Current Price $2.14
Reports H1 '23 Financial Results
👉YoY growth in fiscal '23 will be nearly 300% in constant currency
👉Booked sales exceeded $41m standing at $272m, a 563% increase
👉Revenue guidance of $65m for '23 and $90m for '24

[trendzone]

Illegal criminal naked shorting trash are the target of a squeeze to over $3.00 on many social media trading blogs and websites,will it get there,if the squeeze chatter keeps picking up,anything is possible in this hungry for a squeeze market.

[bcapps66]

Announcing this "discovery" has been a theme for some companies since Covid lockdown. In all the cases I've witnessed, none of them had staying power. They all shot up for a few days and then came right back down. Will be interesting to watch this one.

[trendzone]

The scm bags are the only reason why it's been this low, and are now put on notice that they are in the cross hairs of getting blown up.

[nuclear profitz]

potential multi day runner here...

[bcapps66]

Looks like you were correct!!!

https://beststocks.com/title-gorilla-technology-group-takes-action-a/

[Monksdream]

GRRR new 52 week low

[bcapps66]

Day in and day out, this is getting kicked in the balls.

[bcapps66]

This has gone beyond ugly....POS

[JMCK6193]

Hello, RepugNant

[trendzone]

Naked criminal shorts about to get blasted into outer space.

[ttottip]

The $3's today?

[bcapps66]

Still a turd of a stock....can't hold a gain to save its life regardless how good the news is. Doesn't seem right. Wouldn't even be here if I wasn't holding the bags from the prior run up.

[macnai]

"The container identification and container damage detection solution developed by Gorilla harnesses the power of Artificial Intelligence and machine learning algorithms to analyze video footage captured at various stages of the container management process. By leveraging BT’s robust network infrastructure and Gorilla’s state of the art video analytics platform, the solution can accurately and rapidly identify containers, track movements, and detect any signs of damage or tampering."

Gorilla will be the Go Too company used by many other Ports around the World.

I can think of many other uses for this technology.

[alchemytrader]

if 2.70 doesnt hold theyre about to dump here...

[bcapps66]

Even a broken clock is right twice a day. Mere coincidence today....and as you can see, not holding its gains at all at the moment.