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Research from Water Tower Research

Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

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Gorilla Technology Group  / Equity Bottom-Up

<div><ul><li>Gorilla, a leader in AI-powered security intelligence, network intelligence, business intelligence, and IoT technology, announced its 3Q25 earnings, with record sales of $26.5 million (up 32% Y/Y).</li><li>The company has $121 million in cash and has reduced debt to $15.1 million. The stock price was up 12% in the aftermarket.</li><li>Gorilla highlighted five successes in the quarter: (1) record revenue (up 32% in Y/Y); (2) strong project execution ($0.4 million operating income versus a loss of $6.0 million a year ago); (3) focus on profitability (adjusted EBITDA grew 31% Y/Y to $6.8 million; (4) improved capital flexibility (total debt down 30%, unrestricted cash of $110 million); and (5) EPS inflection (break-even EPS versus a loss of $7.8 million a year ago)</li></ul></div>

Gorilla, a leader in AI-powered security intelligence, network intelligence, business intelligence, and IoT technology, announced its 3Q25 earnings, with record sales of $26.5 million (up 32% Y/Y).The company has $121 million in cash and has reduced debt to $15.1 million. The stock price was up 12% in the aftermarket.Gorilla highlighted five successes in the quarter: (1) record revenue (up 32% in Y/Y); (2) strong project execution ($0.4 million operating income versus a loss of $6.0 million a year ago); (3) focus on profitability (adjusted EBITDA grew 31% Y/Y to $6.8 million; (4) improved capital flexibility (total debt down 30%, unrestricted cash of $110 million); and (5) EPS inflection (break-even EPS versus a loss of $7.8 million a year ago)

GRRR: 3Q25 Record Revenue; Break-Even; $121MM in Cash; 2026 Revenue Guidance of $137-200MM

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<a href="https://smartkarma.com/entities/gorilla-technology-group-inc">Gorilla Technology Group </a>is a global provider of AI-based video intelligence, IoT security, and edge computing solutions, capitalizing on the growing demand for smart city and security applications.</li>
  <li>The company has demonstrated significant revenue growth, driven by large-scale contracts in regions like Southeast Asia and the Middle East, and is expanding its presence in the US market through strategic partnerships.</li>
  <li>While exhibiting a strong growth trajectory and a substantial project pipeline, the company faces risks related to contract execution, competition from larger technology firms, and historical cash flow concerns.</li>
</ul><p><em>This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.</em></p>


  
Gorilla Technology Group is a global provider of AI-based video intelligence, IoT security, and edge computing solutions, capitalizing on the growing demand for smart city and security applications.
  The company has demonstrated significant revenue growth, driven by large-scale contracts in regions like Southeast Asia and the Middle East, and is expanding its presence in the US market through strategic partnerships.
  While exhibiting a strong growth trajectory and a substantial project pipeline, the company faces risks related to contract execution, competition from larger technology firms, and historical cash flow concerns.
This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

Primer: Gorilla Technology Group  (GRRR US) - Oct 2025

<ul><li>With respect to the recent $1.4-billion contract with Freyr Singapore, Chandan highlighted that the company will be building AI-native infrastructure across Indonesia, Malaysia, and Thailand in phases.</li><li>The initial phase, valued at $300 million, will begin in Indonesia in 4Q.</li><li>This project will provide GPU-dense, liquid-cooled racks with NVIDIA H200 class hardware, optimized for tropical environments with low power usage effectiveness (PUE) workloads. </li></ul>

With respect to the recent $1.4-billion contract with Freyr Singapore, Chandan highlighted that the company will be building AI-native infrastructure across Indonesia, Malaysia, and Thailand in phases.The initial phase, valued at $300 million, will begin in Indonesia in 4Q.This project will provide GPU-dense, liquid-cooled racks with NVIDIA H200 class hardware, optimized for tropical environments with low power usage effectiveness (PUE) workloads. 

Gorilla Technology Group, Inc: CEO and Board Member Go In-Depth to Discuss $1.4-Billion Contract...

<ul><li>Gorilla, a leader in AI-powered security intelligence, network intelligence, business intelligence and IoT technology, announced its 2Q25 earnings, with sales of $21 million (up 78% Y/Y).</li><li>The company has $26.1 million in cash and has reduced debt to $18.1 million.</li><li>The stock price was up 13% in the pre-market.</li></ul>

Gorilla, a leader in AI-powered security intelligence, network intelligence, business intelligence and IoT technology, announced its 2Q25 earnings, with sales of $21 million (up 78% Y/Y).The company has $26.1 million in cash and has reduced debt to $18.1 million.The stock price was up 13% in the pre-market.

Gorilla Technology Group, Inc: Earnings Show Continued Momentum...

<ul><li>Gorilla, a leader in AI-powered security intelligence, network intelligence, business intelligence, and IoT technology, announced its 1Q25 earnings, with adjusted EBITDA of $5.16 million (up 48% Y/Y) on sales of $18.3 million (up 109% Y/Y).</li><li>Adjusted EPS was a solid $0.23 versus a loss of $1.47 last year. The stock price was up 17% in the aftermarket.</li><li>The company has $34 million in cash and has reduced debt to $18 million.</li></ul>

Gorilla, a leader in AI-powered security intelligence, network intelligence, business intelligence, and IoT technology, announced its 1Q25 earnings, with adjusted EBITDA of $5.16 million (up 48% Y/Y) on sales of $18.3 million (up 109% Y/Y).Adjusted EPS was a solid $0.23 versus a loss of $1.47 last year. The stock price was up 17% in the aftermarket.The company has $34 million in cash and has reduced debt to $18 million.

Gorilla Technology Group, Inc: 1Q25 Revenue Up 109% Y/Y

Taiwan

Gorilla Technology Group Inc. operates as a video big data and analytics technology firm. The Company offers intelligent video surveillance solutions featuring analytics for enterprise business surveillance, content delivery, and communication solutions for mobile business, network intelligence, forensics, telecommunications, and web service industries.

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Gorilla Technology Group (GRRR US)

GRRR: 3Q25 Record Revenue; Break-Even; $121MM in Cash; 2026 Revenue Guidance of $137-200MM

Gorilla, a leader in AI-powered security intelligence, network intelligence, business intelligence, and IoT technology, announced its 3Q25...

Water Tower Research

Primer: Gorilla Technology Group (GRRR US) - Oct 2025

Gorilla Technology Group is a global provider of AI-based video intelligence, IoT security, and edge computing solutions, capitalizing on the...

αSK

Gorilla Technology Group, Inc: CEO and Board Member Go In-Depth to Discuss $1.4-Billion Contract...

With respect to the recent $1.4-billion contract with Freyr Singapore, Chandan highlighted that the company will be building AI-native...

Water Tower Research

Gorilla Technology Group, Inc: Earnings Show Continued Momentum...

Gorilla, a leader in AI-powered security intelligence, network intelligence, business intelligence and IoT technology, announced its 2Q25 earnings,...

Water Tower Research

Gorilla Technology Group, Inc: 1Q25 Revenue Up 109% Y/Y

Gorilla, a leader in AI-powered security intelligence, network intelligence, business intelligence, and IoT technology, announced its 1Q25 earnings

Water Tower Research

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