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Gorilla Technology Group Inc., a global leader in video intelligence and IoT technology, was established in 2000. The company offers innovative solutions for smart retail, enterprise surveillance, city security, and broadcast media. With Vemo technology, Gorilla applies deep learning algorithms for digital stream processing and video analytics, creating value-added services for businesses.
Gorilla Technology Group Inc. primarily provides information, software, and data processing services. It specializes in video intelligence, IoT security, edge AI data analytics, and operational technology security solutions. The company focuses on video IoT and security convergence, offering cutting-edge technology solutions to enhance operational performance and efficiency for clients.
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Gorilla Technology Group Inc. reported a significant surge in Q3 revenues, with a 441% increase in sales, achieving a discounted run rate revenue of $88 million. The company's high-value product-driven and services business model reflected in a 76.5% gross margin, showcasing a remarkable improvement in profitability compared to the previous year. The adjusted EBITDA experienced an outstanding 431% YoY increase, reaching $13.4 million. With a solid sales pipeline over $1 billion, Gorilla is on track to achieve at least $90 million of revenue in 2024 and become cash flow positive.
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Gorilla Technology Group Inc. (NASDAQ: GRRR) successfully applies its Smart Policing Solution to assist the London's Metropolitan Police Service in a recent murder case. The AI-based edge video analytics system expedites the comprehensive analysis of extensive video footage, identifying, categorizing, and reconstructing events with precision.
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Gorilla Technology Group Inc. (NASDAQ: GRRR) announces the establishment of Gorilla Distribution Partners in Egypt, with a commitment to invest up to $100 million in the region. The new distribution company aims to streamline operations and support customers in Egypt and the broader Middle East region, reflecting Gorilla's dedication to meeting the growing demand for leading IT hardware & software solutions.
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Gorilla Technology Group Inc. (Gorilla) (NASDAQ: GRRR) collaborates with Red Hat to revolutionize Smart Government Security Convergence solutions. The collaboration aims to leverage Red Hat OpenShift Virtualization to provide scalable and flexible infrastructure for government servers, cloud integration, and containerized security. Dr. Rajesh Natarajan, Chief Innovation Officer of Gorilla Technology, emphasizes the collaboration's significance in enhancing security capabilities and driving business value. Key features of the solutions include virtualization, cloud integration, and containerized security, enabling government agencies to optimize resource utilization, enhance agility and efficiency, and minimize the potential impact of cyber threats.
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Gorilla Technology Group Inc. (NASDAQ: GRRR) reports strong operational and financial progress, including $25 million in milestone payments, top-line growth, cost optimization, and global sales pipeline expansion.
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Gorilla Technology Group Inc. announces strategic partnership with GST Egypt, bringing innovative solutions to MENA region
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Gorilla Technology Group partners with InfoSec Global to enhance security and efficiency in government agencies through crypto-agile applications.
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Gorilla Technology Group Inc. announces registered direct offering of Series A convertible preference shares, resulting in gross proceeds of $25 million. The offering is expected to close on September 22, 2023.
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Gorilla Technology Group announces partnership with Protactics in Latin America
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Gorilla Technology Group Inc. announces coverage initiation by 451 Research analysts Zoe Roth and Megan Goodwin, highlighting the company's commitment to innovation and transparency.
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FAQ
What is the current stock price of Gorilla Technology Group Warrant (GRRRW)?
The current stock price of Gorilla Technology Group Warrant (GRRRW) is $0.0543 as of November 1, 2024.
When was Gorilla Technology Group Inc. established?
Gorilla Technology Group Inc. was established in the year 2000.
What are the core business areas of Gorilla Technology Group Inc.?
Gorilla Technology Group Inc. specializes in video intelligence, IoT security, edge AI data analytics, and operational technology security solutions.
What is Vemo technology used for by Gorilla Technology Group Inc.?
Gorilla Technology Group Inc. utilizes Vemo technology to apply deep learning algorithms for digital stream processing and video analytics.
What makes Gorilla Technology Group Inc. a global leader in the industry?
Gorilla Technology Group Inc. is recognized for its innovative solutions in video intelligence and IoT technology, catering to smart retail, enterprise surveillance, city security, and broadcast media.
How does Gorilla Technology Group Inc. contribute to business opportunities?
Gorilla Technology Group Inc. creates value-added services for businesses by providing automation of digital stream processing and comprehensive video analytics through its deep learning algorithms.
What are the main segments of Gorilla Technology Group Inc.?
The reportable segments of Gorilla Technology Group Inc. are video IoT and security convergence, along with other segments related to its core business.
What type of services does Gorilla Technology Group Inc. offer?
Gorilla Technology Group Inc. primarily provides information, software, and data processing services for its clients.
Who are the target clients of Gorilla Technology Group Inc.?
Gorilla Technology Group Inc. targets managed service providers, distributors, system integrators, and hardware manufacturers for its edge AI solutions.
How does Gorilla Technology Group Inc. ensure top-of-the-line solutions for its clients?
Gorilla Technology Group Inc. emphasizes leading technology, expert service, and precise delivery to provide intelligent edge AI solutions for improving operational performance and efficiency.
Where can I find more information about Gorilla Technology Group Inc.?
For more information, visit Gorilla Technology Group Inc.'s website at Gorilla-Technology.com.
Gorilla Technology Group Inc. Warrant