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.

Key Highlights: Share Repurchase Underway: To repurchase 1.1 million shares, closing in the next five business days. Unaudited H1 2024 financials expected by September 30, 2024.

Gorilla Announces Share Buyback of up to $6 Million as It Deems Shares to Be Undervalued

London, United Kingdom--(Newsfile Corp. - September 9, 2024) - Gorilla Technology Group Inc. (NASDAQ: GRRR) ("Gorilla" or the "Company"), today announced a ground-breaking joint venture agreement with Lanner Electronics, set to manufacture Gorilla's Next Generation Security Convergence appliances in Thailand. The joint venture between Lanner and Gorilla, following their recent MOU, represents a significant enhancement within Lanner's existing facility in Thailand.

Gorilla Technology and Lanner Electronics Inc. Announce Joint Venture to Manufacture Gorilla's Next Generation Security Convergence Appliances in Thailand

London, United Kingdom--(Newsfile Corp. - September 3, 2024) - Gorilla Technology Group Inc. (NASDAQ: GRRR) ("Gorilla" or the "Company") is pleased to announce the appointment of Bruce Bower as Interim Chief Financial Officer (CFO). A seasoned finance executive, he brings over two decades of robust experience in strategic financial management, capital raising and corporate governance to Gorilla at a crucial juncture in the company's growth trajectory.

Gorilla Supercharges Leadership with the Appointment of Bruce Bower as Interim CFO

London, United Kingdom--(Newsfile Corp. - September 3, 2024) - Gorilla Technology Group Inc. (NASDAQ: GRRR) ("Gorilla" or the "Company"), today announced two significant project wins in Taiwan, further solidifying its role as a leader in AI-driven security and smart city solutions. The first project involves the expansion of an AI Airside Management System at Taoyuan International Airport.

Gorilla Technology Secures Two Major Wins in Taiwan, Advancing Airport Security and National Law Enforcement Capabilities

London, United Kingdom--(Newsfile Corp. - August 26, 2024) - Gorilla Technology Group Inc. (NASDAQ: GRRR) ("Gorilla" or the "Company"), today released a letter to its shareholders. The letter is as follows: Dear Valued Shareholders, We are writing to share some important updates that underscore the strong progress and financial health of our ongoing project in the Middle East and North Africa (MENA) region.

Gorilla Reports Milestones Achieved and Financial Resilience

LONDON, July 15, 2024 (GLOBE NEWSWIRE) -- Gorilla Technology Group Inc. (NASDAQ: GRRR) ("Gorilla" or the “Company”), a global solutions provider in Security Intelligence, Network Intelligence, Business Intelligence and IoT technology, today announced Keith Levy, former Head of Corporate Derivatives Trading for Bank of America, has joined Gorilla's Board of Directors.

Gorilla Technology Group Appoints Keith Levy to Board of Directors

LONDON, June 14, 2024 (GLOBE NEWSWIRE) -- Gorilla Technology Group Inc. (“Gorilla” or the “Company”) (NASDAQ: GRRR), a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence, and IoT technology, today announced that Chairman and CEO Jay Chandan will participate in a live Water Tower Research Fireside Chat Series on Thursday, June 20 at 11 am ET.

Gorilla Technology to Participate in Water Tower Fireside Chat Series

LONDON, June 13, 2024 (GLOBE NEWSWIRE) -- Gorilla Technology Group Inc. (NASDAQ: GRRR) (“Gorilla” or the “Company”) today released a letter to its stockholders. The letter follows:

UPDATE -- Gorilla on a Roll

Gorilla on a Roll

LONDON, June 07, 2024 (GLOBE NEWSWIRE) -- Gorilla Technology Group Inc. (“Gorilla” or the “Company”) (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 2,142,858 ordinary shares of the Company and warrants to purchase up to 2,142,858 ordinary shares pursuant to a registered direct offering (the “Offering”) at a combined purchase price of $5.60 per ordinary share and accompanying warrant to purchase ordinary shares. The warrants will have an exercise price of $5.90 per share, will be immediately exercisable upon issuance and will expire 5 years from issuance. The gross proceeds to Gorilla from this Offering, before deducting the placement agents' fees and other offering expenses, will be approximately $12 million.

Gorilla Announces $12 Million Registered Direct Offering

LONDON, May 17, 2024 (GLOBE NEWSWIRE) -- Gorilla Technology Group Inc. (NASDAQ: GRRR) ("Gorilla" or the “Company”), a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence and IoT technology, today announced the release of its full year audited financials for 2023 on their form 20-F with the SEC.

Gorilla Technology Releases Full Year Audited Financials for 2023

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— Introducing the Future of Cybersecurity: Security Convergence Devices by Gorilla — Introducing the Future of Cybersecurity: Security Convergence Devices by Gorilla

Gorilla Technology Lanner Launch Cutting-Edge Security Convergence Devices to Transform Cybersecurity Landscape

LONDON, April 10, 2024 (GLOBE NEWSWIRE) -- Gorilla Technology Group Inc. (“Gorilla”) (NASDAQ: GRRR), a global leader in Security Intelligence, Network Intelligence, Business Intelligence, and IoT technology, today announced they have signed a Memorandum of Understanding (MOU) with Thames Freeport, a pivotal hub for trade and logistics in the United Kingdom. This strategic alliance is set to revolutionise the Thames Freeport area, aligning an ambitious Smart City Strategy programme and leveraging the Thames Freeport Investment Fund to drive innovation and sustainable growth.

Gorilla Technology and Thames Freeport Announce Strategic Alliance, Advancing Smart City Innovations and Fostering Trade Partnerships

Gorilla Technology Group Inc. (NASDAQ:GRRR ) Q4 2023 Results Conference Call April 8, 2024 8:00 AM ET Company Participants Cody Fletcher - Investor Relations, Blueshirt Group Jay Chandan - Chief Executive Officer & Chairman Daphne Huang - Chief Financial Officer Conference Call Participants John Roy - WTR Mike Latimore - Northland Capital Markets Brian Kinstlinger - Alliance Global Partners Brett Knoblauch - Cantor Fitzgerald Operator Good day, ladies and gentlemen. Thank you for standing by.

Gorilla Technology Group Inc. (GRRR) Q4 2023 Earnings Call Transcript

In a release issued under the same headline earlier today by Gorilla Technology Group Inc. (NASDAQ: GRRR), the Consolidated Income Statement table was not included. The Consolidated Income Statement table is included in this release as the only change. Complete corrected text follows.

CORRECTION – Gorilla Reports Record 2023 Financial Results

-- 2023 revenues up 189% YoY compared to 2022, highlighting continued success globally -- -- High value product and services business model reflected in 2023 gross margin of 69% -- -- Total net income of $19.9 million, compared to ($87.5 million), a 123% increase YoY -- -- Adj. EBITDA of $29.0 million, compared to ($6.0) million, a 587% increase YoY -- LONDON, April 04, 2024 (GLOBE NEWSWIRE) -- Gorilla Technology Group Inc. (NASDAQ: GRRR) (“Gorilla” or the “Company”), a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence and IoT technology, today reported financial results for the fiscal year ending December 31, 2023.

Gorilla Reports Record 2023 Financial Results

Expansion into Thailand Includes a Full Suite of Data Center Solutions for Both Physical and Cyber Domains, Ensuring Comprehensive Security Convergence Expansion into Thailand Includes a Full Suite of Data Center Solutions for Both Physical and Cyber Domains, Ensuring Comprehensive Security Convergence

Gorilla Technology Group to Introduce Security Solutions in Thailand's Expanding Data Center Market

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.

Gorilla Announces $10 Million Registered Direct Offering of Convertible Preferred Stock

-- 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.

Gorilla Technology Lands Groundbreaking Deal with Major Hospital Network in Thailand

Gorilla Technology Group Inc. (GRRR) Q3 2023 Earnings Call Transcript

-- Opens New Egyptian Office in Cairo -- -- Expanding Regional Presence Through Value-Added Services -- -- Strategic Initiatives to Propel Success -- LONDON, Feb. 07, 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 new developments in the Middle East and Northern Africa ("MENA") region that support Gorilla's global expansion strategy.

Gorilla Technology Expands Middle East and Northern Africa Operations as Part of Global Expansion Strategy

– 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 –

Gorilla Technology Group Reports Results Through Third Quarter 2023

• Commitment to invest up to $100 million underscores dedication to contributing to the development of the region • Enables Gorilla to efficiently manage operations and support customers in Egypt and greater Middle East Region  LONDON, Dec. 20, 2023 (GLOBE NEWSWIRE) -- Gorilla Technology Group Inc. (“Gorilla”) (NASDAQ: GRRR), a global provider of Smart Country AI, IoT technologies and Cybersecurity, is proud to announce the establishment of its new distribution company Gorilla Distribution Partners in Egypt, marking a significant milestone in the company's global expansion strategy. The decision to set up operations in Egypt comes as part of Gorilla's commitment to meeting the growing demand for leading IT hardware & software solutions in the broader Middle East region.

Gorilla Expands Global Presence with New Distribution Company in Egypt and Commits to Invest Up to $100 Million to Support Regional Growth

LONDON, Dec. 11, 2023 (GLOBE NEWSWIRE) -- Gorilla Technology Group Inc. ("Gorilla") (NASDAQ: GRRR), a global provider of AI-based edge video analytics, IoT technologies, and security convergence, today announced its collaboration with Red Hat, the world's leading provider of enterprise open-source solutions. Gorilla aims to revolutionize Smart Government Security Convergence solutions leveraging Red Hat OpenShift Virtualization, a feature of Red Hat OpenShift and Red Hat Enterprise Linux for cloud infrastructure deployment, operation, and management.

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