Record-Breaking Revenue
Q3 marks the strongest quarter in Gorilla's history with revenue ahead of expectations and a clear swing in profitability. Actual revenue was $26.5 million, surpassing the consensus analyst model of $26.2 million.
Positive Operating Profit
Operating income turned positive with a $4.4 million profit, compared to a negative expectation of $6 million.
Strong Cash Position
The company holds $121.4 million in cash, including $109 million of unrestricted cash, resulting in a net cash position of $106 million.
Large AI Data Center Contract
Secured a $1.4 billion data center contract in Southeast Asia, contributing $100 million in annual revenue for the first 3 years starting in 2026.
Improved Gross Margins
Gross margins for the first 9 months were over 35%, with expectations to hit the 35% to 40% range for the full year.
Guidance for 2026
Revenue guidance for 2026 is set between $137 million to $200 million, based on contracted backlog and the Southeast Asia data center project.
Diversified Revenue Base
Efforts to diversify revenue sources are underway, with over 50% expected from Southeast Asia in 2026, reducing the share from government clients.