Gorilla Technology Group Inc. ( (GRRR) ) has released its Q4 earnings. Here is a breakdown of the information Gorilla Technology Group Inc. presented to its investors.
Gorilla Technology Group Inc., headquartered in London, UK, is a global provider of AI-driven security and intelligence solutions, specializing in sectors such as government, manufacturing, and healthcare.
Gorilla Technology reported strong financial results for 2024, with revenue reaching $74.67 million, surpassing expectations. The company demonstrated significant growth and profitability, driven by strategic global expansion and robust operational execution.
Key financial highlights include a net income of $21.32 million, excluding one-off items, and an adjusted EBITDA of $20.62 million, both exceeding market estimates. The company’s adjusted EPS surged to $2.02, outperforming expectations by a substantial margin. Gorilla’s strong balance sheet, with increased cash reserves and reduced debt, positions it well for future growth.
Looking ahead, Gorilla Technology maintains a positive outlook for 2025, with revenue guidance set between $100-$110 million. The company aims to capitalize on its expanding pipeline and strategic partnerships, continuing its trajectory of sustainable and profitable growth.
Gorilla Technology’s management remains optimistic about the future, focusing on leveraging its innovative solutions and global presence to drive long-term value creation and maintain its leadership in the AI-driven security and intelligence industry.