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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.

Research from Water Tower Research

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Equity Bottom-Up

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 1Q26 earnings, with revenue up 55% Y/Y. </li><li>The company raised full-year 2026 revenue guidance to $160-200 million.</li><li>Operating cash flow swung from $(10.7) million to $6.6 million, a $17.3-million improvement, and was largely driven by successful cash collections from Gorilla’s project in Taiwan and Egypt. </li></ul></div>

Gorilla, a leader in AI-powered security intelligence, network intelligence, business intelligence and IoT technology, announced its 1Q26 earnings, with revenue up 55% Y/Y. The company raised full-year 2026 revenue guidance to $160-200 million.Operating cash flow swung from $(10.7) million to $6.6 million, a $17.3-million improvement, and was largely driven by successful cash collections from Gorilla’s project in Taiwan and Egypt. 

GRRR: 1Q26 Revenue Up 55% Y/Y; Operating Cash Flow Turns Positive; Full-Year Guidance Raised