Gorilla Technology Group Inc. ( (GRRR) ) has released its Q2 earnings. Here is a breakdown of the information Gorilla Technology Group Inc. presented to its investors.
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Gorilla Technology Group Inc., headquartered in London, is a global provider of solutions in Security Intelligence, Network Intelligence, Business Intelligence, and IoT technology, leveraging AI and Deep Learning to enhance urban operations and security.
In the first half of 2025, Gorilla Technology reported a significant revenue increase of 90.2% year-over-year, reaching $39.3 million, driven by successful execution of global contracts and international expansion. The company also completed a $105 million equity offering to fund further growth opportunities.
Key financial highlights include a reduction in debt to $18.1 million, down from $21.4 million at the end of 2024, and a strong liquidity position with $26.1 million in cash. Despite an operating loss of $9.1 million, the company reported an adjusted EBITDA of $5.7 million, indicating solid underlying profitability. Gorilla also signed new projects in Taiwan and the UK, expanding its contract pipeline to over $5 billion.
Looking ahead, Gorilla Technology aims to capitalize on its strong liquidity to secure new contracts and drive expansion, particularly in Southeast Asia. The company remains focused on enhancing its market position and delivering value to stakeholders through strategic growth initiatives.