Gorilla Technology Completes Purchase of 1.1 Million Shares, Accelerates Buyback Programme to Capitalise on Substantial Undervaluation
Gorilla Technology Group Inc. (NASDAQ: GRRR) has completed the purchase of over 1.1 million shares as part of its recently launched share buyback programme. With over $40 million in unrestricted cash, Gorilla plans to continue purchasing additional shares, believing its stock is substantially undervalued. The company is focusing on several key areas:
1. Aggressive business expansion across multiple regions and sectors
2. Maintaining financial and operational excellence
3. Laser focus on cash generation from existing contracts and future opportunities
4. Protecting shareholder value by monitoring suspicious trading activity
Gorilla anticipates reporting its 1H results before September 30th, with further updates on business strategy and market performance to follow.
Gorilla Technology Group Inc. (NASDAQ: GRRR) ha completato l'acquisto di oltre 1,1 milioni di azioni nell'ambito del suo recentemente avviato programma di riacquisto di azioni. Con oltre 40 milioni di dollari in contanti non vincolati, Gorilla prevede di continuare ad acquistare ulteriori azioni, ritenendo che il suo titolo sia sostanzialmente sottovalutato. L'azienda si sta concentrando su alcuni settori chiave:
1. Espansione aggressiva del business in diverse regioni e settori
2. Mantenere eccellenza finanziaria e operativa
3. Focalizzazione laser sulla generazione di cassa dai contratti esistenti e dalle future opportunità
4. Protezione del valore per gli azionisti monitorando attività di trading sospette
Gorilla prevede di riportare i risultati del primo semestre entro il 30 settembre, con ulteriori aggiornamenti sulla strategia aziendale e sulle performance di mercato a seguire.
Gorilla Technology Group Inc. (NASDAQ: GRRR) ha completado la compra de más de 1,1 millones de acciones como parte de su programa de recompra de acciones recién lanzado. Con más de 40 millones de dólares en efectivo no restringido, Gorilla planea continuar comprando acciones adicionales, creyendo que su acción está sustancialmente subvalorada. La compañía se está enfocando en varias áreas clave:
1. Expansión agresiva del negocio en múltiples regiones y sectores
2. Mantener la excelencia financiera y operativa
3. Enfoque láser en la generación de efectivo a partir de contratos existentes y futuras oportunidades
4. Proteger el valor para los accionistas mediante la vigilancia de actividades comerciales sospechosas
Gorilla anticipa reportar sus resultados del primer semestre antes del 30 de septiembre, con más actualizaciones sobre la estrategia empresarial y el rendimiento del mercado por venir.
고릴라 테크놀로지 그룹 주식회사(NASDAQ: GRRR)는 110만 주 이상의 주식을 구매 완료하여 최근 시작된 자사주 매입 프로그램의 일환으로 진행했습니다. 4천만 달러 이상의 유동자금을 보유한 고릴라는 추가 주식을 계속 구매할 계획이며, 자사의 주식이 상당히 저평가되어 있다고 믿고 있습니다. 회사는 여러 핵심 분야에 집중하고 있습니다:
1. 여러 지역 및 산업에서의 공격적인 사업 확장
2. 재정 및 운영 우수성 유지
3. 기존 계약 및 미래 기회에서 현금 생성에 집중
4. 의심스러운 거래 활동 모니터링을 통한 주주 가치 보호
고릴라는 9월 30일 이전에 상반기 결과를 보고할 예정이며, 이후 비즈니스 전략 및 시장 성과에 대한 추가 업데이트가 있을 것입니다.
Gorilla Technology Group Inc. (NASDAQ: GRRR) a complété l'achat de plus de 1,1 million d'actions dans le cadre de son programme de rachat d'actions récemment lancé. Avec plus de 40 millions de dollars en liquidités non restreintes, Gorilla prévoit de continuer à acheter des actions supplémentaires, croyant que son action est considérablement sous-évaluée. L'entreprise se concentre sur plusieurs domaines clés :
1. Expansion agressive des activités dans plusieurs régions et secteurs
2. Maintien de l'excellence financière et opérationnelle
3. Concentration sur la génération de liquidités à partir des contrats existants et des opportunités futures
4. Protection de la valeur pour les actionnaires en surveillant les activités de trading suspectes
Gorilla prévoit de communiquer ses résultats du premier semestre avant le 30 septembre, avec d'autres mises à jour sur la stratégie commerciale et les performances du marché à suivre.
Die Gorilla Technology Group Inc. (NASDAQ: GRRR) hat den Kauf von über 1,1 Millionen Aktien abgeschlossen im Rahmen ihres kürzlich gestarteten Aktienrückkaufprogramms. Mit über 40 Millionen Dollar in unbeschränkter Liquidität plant Gorilla, weitere Aktien zu kaufen, da das Unternehmen glaubt, dass seine Aktien erheblich unterbewertet sind. Das Unternehmen konzentriert sich auf mehrere Schlüsselbereiche:
1. Aggressive Geschäftsexpansion über mehrere Regionen und Sektoren hinweg
2. Aufrechterhaltung von finanzieller und operativer Exzellenz
3. Fokussierung auf die Cash-Generierung aus bestehenden Verträgen und zukünftigen Möglichkeiten
4. Schutz des Aktionärswertes durch Überwachung verdächtiger Handelsaktivitäten
Gorilla erwartet, seine Ergebnisse für das erste Halbjahr vor dem 30. September zu berichten, gefolgt von weiteren Updates zur Unternehmensstrategie und Marktleistung.
- Completed purchase of over 1.1 million shares in buyback programme
- Over $40 million in unrestricted cash available for additional share purchases
- Strong balance sheet allowing for nimble and decisive actions
- Aggressive expansion strategy with growing backlog for 2025
- Recent contract wins in Taiwan and Colombia
- Commitment to maintaining robust margins and stable cash flow
- Focus on cash generation from existing contracts and future opportunities
- Anticipation of reporting 1H results before September 30th
- Suspicious trading activity involving Gorilla shares detected
Insights
Gorilla Technology's aggressive share buyback signals strong confidence in its undervalued position. The purchase of 1.1 million shares with
Gorilla's strategic positioning in AI-powered cybersecurity and data intelligence is promising, given the rapidly growing demand in these sectors. The company's ability to secure contracts in diverse regions like Taiwan and Colombia indicates a scalable business model. However, the AI and cybersecurity markets are highly competitive, with numerous well-funded players. Gorilla's success will hinge on its ability to differentiate its offerings and maintain technological edge. The focus on maintaining robust margins while pursuing aggressive growth is important but challenging in this fast-paced industry. Investors should closely monitor Gorilla's innovation pipeline and client retention rates as key indicators of long-term success.
The substantial undervaluation claimed by Gorilla presents an intriguing market anomaly. This discrepancy could stem from several factors: market inefficiencies, lack of investor awareness, or concerns about the company's growth trajectory. The upcoming 1H results report will be important in validating the company's claims of undervaluation. Investors should look for concrete metrics supporting growth projections and margin sustainability. The mention of a "strong pipeline of opportunities" and "growing backlog for 2025" are positive indicators, but require quantification. The tech sector's recent volatility and the broader economic uncertainties could also be contributing to the perceived undervaluation, presenting both risks and opportunities for investors.
London, United Kingdom--(Newsfile Corp. - September 19, 2024) - Gorilla Technology Group Inc. (NASDAQ: GRRR) ("Gorilla" or the "Company"), today announced the completion of its purchase of over 1.1 million shares as part of its recently launched share buyback programme. With over
"We believe that Gorilla Technology's shares are grossly undervalued and this buyback reflects our unshakable confidence in the company's future. Our strong balance sheet allows us to act nimbly and decisively, in optimising shareholder value while maintaining focus on driving our core business objectives," said Jay Chandan, Chairman and CEO of Gorilla Technology.
The company remains laser-focused on delivering value and growth, with several key areas of strength:
Aggressive Business Expansion: Gorilla is executing an assertive expansion strategy, making strides across multiple regions and sectors. By turning its strong pipeline of opportunities into a growing backlog for 2025, the Company is positioning itself for sustained growth. Recent wins, such as our two contracts in Taiwan and in Colombia, demonstrate our ability to convert potential opportunities into tangible results.
Financial and Operational Excellence: Gorilla is committed to maintaining robust margins, stable cash flow and aggressive growth, allowing the company to capitalise on new opportunities while reinforcing its leadership position in AI-powered cybersecurity and data intelligence.
Laser Focus on Cash: Gorilla remains unwavering in its focus on cash generation, both from existing contracts and the pipeline of future opportunities. We are committed to building a substantial war chest to fuel future growth and maintain financial flexibility. This proactive approach not only empowers Gorilla to seize new business opportunities but also enables us to execute shareholder-friendly initiatives with confidence. By ensuring robust liquidity, we are well-positioned to drive sustainable expansion while delivering tangible value to our shareholders.
Protecting Shareholder Value: In light of recent suspicious trading activity involving Gorilla shares, the company is closely monitoring the situation. Should any evidence of illegal market manipulation emerge, Gorilla will act swiftly and decisively in coordination with regulatory authorities to protect the interests of its shareholders.
"We are relentless in our pursuit of value creation and growth for our shareholders. Our buyback programme is just one example of the decisive actions we are taking to address the clear undervaluation of our stock. As we continue to strengthen our financial position and expand our market footprint, Gorilla Technology is positioned for substantial success moving forward," added Chandan.
Gorilla Technology remains committed to delivering exceptional results and growth for its investors. The company anticipates reporting its 1H results before September 30th, with further updates on business strategy and market performance to follow.
About Gorilla Technology Group Inc.
Headquartered in London U.K., Gorilla is a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence and IoT technology. We provide a wide range of solutions, including, Smart City, Network, Video, Security Convergence and IoT, across select verticals of Government & Public Services, Manufacturing, Telecom, Retail, Transportation & Logistics, Healthcare and Education, by using AI and Deep Learning Technologies.
Our expertise lies in revolutionizing urban operations, bolstering security and enhancing resilience. We deliver pioneering products that harness the power of AI in intelligent video surveillance, facial recognition, license plate recognition, edge computing, post-event analytics and advanced cybersecurity technologies. By integrating these AI-driven technologies, we empower Smart Cities to enhance efficiency, safety and cybersecurity measures, ultimately improving the quality of life for residents.
For more information, please visit our website: Gorilla-Technology.com.
Forward-Looking Statements
This press release contains forward-looking statements, which are based on estimates, assumptions, and expectations. Actual results and performance could differ materially and adversely from those expressed or implied in forward-looking statements. Gorilla does not undertake any obligation to update any forward-looking statements, except as required by law.
Investor Relations Contact:
Dave Gentry
RedChip Companies, Inc.
1-407-644-4256
GRRR@redchip.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/223720
FAQ
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