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Water Tower Research

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 1H26 earnings, with sales of $78.4 million (up 99% Y/Y). </li><li>The company also raised its FY26 revenue guidance to at least $200 million and put out a 2027 revenue target of $450-500 million.</li><li>CEO and Chairman Jay Chandan said, “This is the clearest evidence yet that Gorilla has entered a different phase of scale. </li></ul></div>

Gorilla, a leader in AI-powered security intelligence, network intelligence, business intelligence and IoT technology, announced its 1H26 earnings, with sales of $78.4 million (up 99% Y/Y). The company also raised its FY26 revenue guidance to at least $200 million and put out a 2027 revenue target of $450-500 million.CEO and Chairman Jay Chandan said, “This is the clearest evidence yet that Gorilla has entered a different phase of scale. 

Research Coverage on Small and Micro-Cap Companies, Zacks Small Cap Research

Zacks Small Cap Research

Research Coverage on Small and Micro-Cap Companies

Zacks Small Cap Research provides research coverage on small- and micro-cap companies that are “under-followed” or “under-valued” by Wall Street. We produce high quality equity research for the institutional and retail investor on microcap firms we believe are well positioned for future growth. The Zacks SCR analyst team has an average of 20 years of experience in investment research. We conduct significant due diligence in an effort to maintain the highest quality small-cap universe.

<ul><li>Gorilla Technology reported second-quarter results that were difficult to digest, and we think the lack of transparency may weigh on the shares in the near term.</li><li>The company's management team significantly boosted the company's outlook, establishing a revenue target of $450-$500 million with sharply higher gross margins envisioned.</li><li>The second half of 2026 is likely to see major contract milestones met as the company meaningfully changes its revenue mix.</li></ul>

Gorilla Technology reported second-quarter results that were difficult to digest, and we think the lack of transparency may weigh on the shares in the near term.The company's management team significantly boosted the company's outlook, establishing a revenue target of $450-$500 million with sharply higher gross margins envisioned.The second half of 2026 is likely to see major contract milestones met as the company meaningfully changes its revenue mix.

<ul><li>Gorilla Technology is in the midst of a transformation from a video and software provider into an AI infrastructure and GPU compute developer for underserved markets.</li><li> Successfully converting its growing contract backlog into revenue and deploying GPU infrastructure on schedule will be keys to improving the market's perception of the company and its valuation.</li><li> Execution risks are very high, but if the company meets milestones for higher-value AI infrastructure projects, Gorilla could experience a meaningful valuation adjustment over the next 12 to 24 months.</li></ul>

Gorilla Technology is in the midst of a transformation from a video and software provider into an AI infrastructure and GPU compute developer for underserved markets. Successfully converting its growing contract backlog into revenue and deploying GPU infrastructure on schedule will be keys to improving the market's perception of the company and its valuation. Execution risks are very high, but if the company meets milestones for higher-value AI infrastructure projects, Gorilla could experience a meaningful valuation adjustment over the next 12 to 24 months.

GRRR: Not Just Another AI Story. Initiating Coverage of an Early-Stage Small-Cap AI Infrastructure Play.

Gorilla Technology is in the midst of a transformation from a video and software provider into an AI infrastructure and GPU compute developer for underserved markets.

<div><ul><li>Gorilla, a leader in AI-powered security intelligence, network intelligence, business intelligence and IoT technology, raised its 2Q26 revenue guidance to at least $44 million. </li><li>The raise was driven by contract wins and accelerating AI infrastructure demand. </li><li>This would represent more than 55% sequential growth compared with 1Q26 and more than 100% Y/Y growth compared with 2Q25.</li></ul></div>

Gorilla, a leader in AI-powered security intelligence, network intelligence, business intelligence and IoT technology, raised its 2Q26 revenue guidance to at least $44 million. The raise was driven by contract wins and accelerating AI infrastructure demand. This would represent more than 55% sequential growth compared with 1Q26 and more than 100% Y/Y growth compared with 2Q25.

GRRR: Contract Winning Continues; Raised 2Q26 Revenue Guidance to 100% Y/Y Growth

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)

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Gorilla, a leader in AI-powered security intelligence, network intelligence, business intelligence and IoT...

Water Tower Research

GRRR: The Good (Raised Guidance),

Gorilla Technology reported second-quarter results that were difficult to digest, and we think the lack of transparency may weigh on the shares in...

Zacks Small Cap Research

GRRR: Not Just Another AI Story. Initiating Coverage of an Early-Stage Small-Cap AI Infrastructure Play.

Gorilla Technology is in the midst of a transformation from a video and software provider into an AI infrastructure and GPU compute developer for...

Zacks Small Cap Research

Gorilla Technology is in the midst of a transformation from a video and software provider into an AI infrastructure and GPU compute developer for underserved markets.

Gorilla Technology is in the midst of a transformation from a video and software provider into an AI infrastructure and GPU compute developer for...

Zacks Small Cap Research

GRRR: Contract Winning Continues; Raised 2Q26 Revenue Guidance to 100% Y/Y Growth

Gorilla, a leader in AI-powered security intelligence, network intelligence, business intelligence and IoT technology, raised its 2Q26 revenue...

Water Tower Research

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