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Gorilla Technology Group Inc. (GRRR)
NASDAQ:GRRR
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Gorilla Technology Group Inc.
(NASDAQ:GRRR)
Rating:47Neutral
Price Target:
$17.50
▼(-1.46%Downside)
Gorilla Technology Group Inc. (GRRR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$415.98M
Dividend YieldN/A
Average Volume (3M)2.88M
Price to Earnings (P/E)―
Beta (1Y)1.69
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees142
SectorTechnology
Sector Strength86
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)-0.23
Shares Outstanding22,669,016
10 Day Avg. Volume2,494,565
30 Day Avg. Volume2,879,728
Financial Highlights & Ratios
PEG Ratio1.01
Price to Book (P/B)4.04
Price to Sales (P/S)0.00
P/FCF Ratio-26.65
Enterprise Value/Market Cap2.27
Enterprise Value/Revenue3.15
Enterprise Value/Gross Profit25.33
Enterprise Value/Ebitda9.02
Forecast
1Y Price Target
$31.00Price Target Upside74.55% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
Gorilla Technology Group Inc. Business Overview & Revenue Model
Company DescriptionGorilla Technology Group Inc. (GRRR) is a technology company specializing in video analytics, artificial intelligence, and big data solutions. The company is committed to delivering cutting-edge products that enable organizations across various sectors, including security, retail, transportation, and smart cities, to leverage data intelligence for enhanced decision-making. Its core offerings include advanced video analytics and IoT technology designed to optimize security and operational efficiency.
How the Company Makes MoneyGorilla Technology Group Inc. generates revenue primarily through the sale of its software solutions and services. The company offers a range of products that utilize video analytics and artificial intelligence to provide actionable insights, which are sold to clients in sectors such as security, retail, and smart infrastructure. Key revenue streams include licensing fees for its proprietary software, service contracts for ongoing support and updates, and potential custom development projects tailored to specific client needs. Strategic partnerships with hardware manufacturers and system integrators may also contribute to earnings by expanding the market reach and integration capabilities of Gorilla's solutions.
Gorilla Technology Group Inc. Earnings Call Summary
Earnings Call Date:Jun 18, 2025
(Q1-2025)
| % Change Since: -5.58%|
Next Earnings Date:Oct 01, 2025
Earnings Call Sentiment Neutral
The earnings call reflects significant revenue growth and strategic expansion with strong financial metrics and partnerships. However, challenges such as a reduced pipeline, delays in key contracts, lower than expected gross margins, and cash flow issues temper the otherwise positive outlook.Q1-2025 Updates
Positive Updates
Revenue Growth and Financial Performance
Revenue of $18.3 million represents a 109% year-on-year growth. Adjusted EBITDA is $5.16 million, a 48% increase year-on-year, and adjusted net income is $4.47 million, a 46.7% increase.
Strong Financial Position
Total cash reserves closed at $33.8 million, with debt reduced from over $20 million to $17 million in a cash-neutral manner.
Strategic Expansion and Partnerships
Expanding across the United States, Latin America, Southeast Asia, and East Asia with a $5 billion-plus pipeline. Partnerships include a significant investment in the ONE AMAZON project.
Share Buyback Program
Spent $1.8 million on share buybacks in the second quarter, totaling $5.4 million over the last 12 months, with $4.6 million of remaining capacity in the $10 million program.
Large Scale Projects and Long-Term Contracts
Secured contracts in public safety, education, and energy sectors, with contracts spanning multiple years, some up to 7-10 years.
Negative Updates
Pipeline Reduction
Pipeline decreased from over $6 billion to $5 billion due to the MOU with the Provincial Electricity Authority in Thailand moving to the proof-of-concept stage.
Delay in Smart Education Contract
The large $400 million smart education contract has been delayed due to political and decision-making complexities, although in late-stage negotiations.
Low Gross Margin in Q1
Gross margin in Q1 was below target due to a disproportionate amount of hardware in the mix.
Cash Flow Challenges
Significant unbilled receivables led to cash flow challenges despite strong revenue growth.
Company Guidance
During the Gorilla Technology Group's Q1 2025 earnings call, the company reaffirmed its strong revenue guidance of $100 million to $110 million for the year, driven by a robust $5 billion pipeline and 109% year-on-year revenue growth to $18.3 million. The adjusted EBITDA saw a significant increase of 48% to $5.16 million, while the adjusted net income rose by 46.7% to $4.47 million. The balance sheet remains strong with total cash reserves of $33.8 million and a reduction in debt from over $20 million to $18.4 million, further lowered to $17 million post-quarter. The company has authorized a $10 million share buyback program, with $4.6 million in remaining capacity. For the full year, Gorilla anticipates an EBITDA of $20 million to $25 million and a net profit ranging from $15 million to $20 million, excluding extraordinary items. Looking ahead to 2026, the backlog stands at $70 million, with expectations for growth as projects advance from proof-of-concept stages.Gorilla Technology Group Inc. Financial Statement Overview
Summary
Gorilla Technology Group Inc. has shown strong revenue growth, particularly a 189% increase from 2022 to 2023. However, the company faces significant profitability challenges with consistent net losses and declining gross profit margins. Negative cash flows and operational inefficiencies, as indicated by negative EBIT and EBITDA margins, further stress the financial performance.Income Statement
Revenue grew significantly over the years, particularly from 2022 to 2023 with a 189% increase. However, the company has experienced volatile earnings with consistent net losses, and declining gross profit margins, from 40% in 2020 to 50% in 2023, highlighting profitability challenges. The EBIT and EBITDA margins indicate operational inefficiencies, as both metrics have been negative in recent years, except for a brief positive EBITDA margin in 2021.45
Neutral
Balance Sheet
The company's debt-to-equity ratio has shown improvement, dropping from 0.56 in 2020 to 0.30 in 2023, indicating better leverage management. However, the equity ratio decreased from 58% in 2020 to 47% in 2023, reflecting a potential decline in asset financing through equity. The return on equity remains negative due to persistent net losses, signaling inefficiencies in generating shareholder returns.55
Neutral
Cash Flow
The company has struggled with negative free cash flow, which has worsened from -$40,625 in 2019 to -$31M in 2023. Operating cash flow has remained negative, indicating cash generation issues from core activities. The free cash flow to net income ratio remains unfavorable, further stressing liquidity concerns.40
Negative
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 74.67M | 64.69M | 22.41M | 42.24M | 45.41M |
| Gross Profit | 37.31M | 44.72M | 8.34M | 15.77M | 18.56M |
| EBITDA | 21.77M | 19.08M | -78.65M | 626.62K | 2.67M |
| Net Income | -64.79M | 13.50M | -87.54M | -8.55M | -5.92M |
Balance Sheet | |||||
| Total Assets | 153.80M | 115.44M | 65.26M | 94.93M | 92.29M |
| Cash, Cash Equivalents and Short-Term Investments | 37.47M | 34.13M | 30.94M | 18.95M | 19.59M |
| Total Debt | 22.21M | 32.91M | 23.87M | 35.92M | 29.18M |
| Total Liabilities | 80.69M | 61.29M | 36.72M | 49.00M | 38.79M |
| Stockholders Equity | 73.10M | 54.15M | 28.54M | 45.93M | 53.50M |
Cash Flow | |||||
| Free Cash Flow | -31.11M | -13.24M | -11.78M | -6.77M | -7.47M |
| Operating Cash Flow | -29.65M | -9.43M | -8.77M | 1.62M | -1.95M |
| Investing Cash Flow | 16.64M | -38.69M | -1.93M | -9.91M | -7.73M |
| Financing Cash Flow | 27.98M | 29.73M | 23.61M | 5.99M | 3.88M |
Gorilla Technology Group Inc. Technical Analysis
Negative
17.76
Price Trends
19.54
Negative
21.06
Negative
16.35
Positive
Market Momentum
-0.53
Positive
42.03
Neutral
11.93
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GRRR, the sentiment is Negative. The current price of 17.76 is below the 20-day moving average (MA) of 20.32, below the 50-day MA of 19.54, and above the 200-day MA of 16.35, indicating a neutral trend. The MACD of -0.53 indicates Positive momentum. The RSI at 42.03 is Neutral, neither overbought nor oversold. The STOCH value of 11.93 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GRRR.
Gorilla Technology Group Inc. Peers Comparison
Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | $473.53M | ― | -0.32% | ― | 18.51% | 97.57% | |
63 Neutral | $34.70B | 4.89 | -11.39% | 1.66% | 5.53% | -19.00% | |
61 Neutral | $296.48M | ― | -89.29% | ― | 2.40% | 54.99% | |
59 Neutral | $297.56M | ― | -74.75% | ― | 21.81% | 28.80% | |
55 Neutral | $740.76M | ― | ― | ― | ― | ||
51 Neutral | $320.47M | ― | 81.52% | ― | -6.14% | 67.53% | |
47 Neutral | $415.98M | ― | 24.92% | ― | ― | ― |
* Technology Sector Average
Performance Comparison
GRRR
Gorilla Technology Group Inc.
17.76
14.89
518.82%
BAND
Bandwidth
15.14
-7.35
-32.68%
RXT
Rackspace Technology
1.35
-0.92
-40.53%
KLTR
Kaltura
1.93
0.59
44.03%
RZLV
Rezolve AI
3.04
-6.51
-68.17%
BLZE
Backblaze
5.42
-1.32
-19.58%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.