Gorilla Technology Group Inc. Warrant - GRRRW STOCK NEWS

Gorilla Technology Group Inc. (NASDAQ: GRRR) signs a strategic partnership with Thames Freeport to revolutionize the area's smart city strategy and drive innovation. The collaboration aims to enhance efficiency, security, and sustainability through advanced technological frameworks.

Gorilla Technology Group Inc. (NASDAQ: GRRR) reports impressive financial results for the fiscal year ending December 31, 2023, with revenue up 189% YoY, gross margin at 69%, net income of $19.9 million, and Adj. EBITDA of $29.0 million. The company plans for continued success with a pipeline exceeding $1 billion and expected expansion deals in various regions.

Gorilla Technology Group Inc. reported impressive financial results for the fiscal year ending December 31, 2023, showcasing a remarkable revenue growth of 189% YoY, with total net income reaching $19.9 million. The company's adjusted EBITDA surged by 587% YoY, highlighting a significant turnaround in profitability and operational efficiency. Gorilla's strategic focus on high-margin opportunities and operational proficiency has led to a gross margin of 69% in 2023. With a strong sales pipeline exceeding $1 billion and successful deals in various regions, Gorilla is poised for continued success and shareholder value enhancement.

Gorilla Technology Group Inc. (NASDAQ: GRRR) announces a significant contract to implement Security Convergence Smart City Video Analytics Solutions in Colombia's Casanare province. The partnership with Protactics aims to enhance public safety through advanced AI technologies, showcasing Gorilla's expertise in smart security solutions.

Gorilla Technology Group Inc. (NASDAQ: GRRR) announces its expansion into Thailand with a comprehensive suite of data center solutions to enhance security convergence. The move aims to revolutionize Thailand's digital infrastructure by providing cutting-edge security solutions, driving innovation, and fostering economic growth.

Gorilla Technology Group Inc. partners with Lanner Electronics Inc. to develop AI-enabled cybersecurity products for MENA region, enhancing security solutions. The partnership aims to provide seamless integration, enhanced performance, cost-effectiveness, plug-and-play deployment, and forward-looking security posture. Gorilla's commitment to President El Sisi's Vision 2030 plan in Egypt showcases dedication to economic growth and technological advancement.

Gorilla Technology Group Inc. announced a registered direct offering of 10,000 Series B convertible preference shares to existing institutional investors at $1,000 per share. Each share is convertible into ordinary shares at $1.10 per share. Additionally, investors will receive Series B warrants to purchase up to 8,250,000 ordinary shares at $1.50 per share, exercisable immediately and expiring in five years.

Gorilla Technology Group Inc. secures a bid for a Video Management System with Intelligent Video Analytics Solution at Rama Hospital in Thailand, marking a significant advancement in healthcare innovation. The partnership aims to enhance patient care, safety, and operational workflows through real-time insights and advanced security measures.

Gorilla Technology Group Inc. announced the opening of a new office in Cairo, Egypt, as part of its expansion strategy in the Middle East and North Africa (MENA) region. The company is investing up to $100 million in the regional distribution company to support its growth and digital transformation initiatives. Gorilla is also diversifying its solution portfolio to include Smart City technologies, Networking, Video Surveillance, Cybersecurity, and IoT solutions tailored to various sectors, such as Government & Public Services, Manufacturing, Telecom, Retail, Transportation & Logistics, Healthcare, and Education. The CEO, Jay Chandan, emphasized the company's commitment to transforming Egypt and the entire MENA region, positioning itself as a catalyst for innovative transformation. Gorilla will have a significant presence at the Egyptian Chapter of the Cybersecurity Series and Digital First Qatar, with key executives participating in speeches, panel discussions, and networking opportunities to strengthen its position as a leading Smart City solutions provider in the region and beyond.