Gorilla Technology Group (GRRR) to Release Earnings on Thursday

Key Points

• Gorilla Technology Group (NASDAQ: GRRR) is set to announce its quarterly earnings results on Thursday, August 14th, with analysts projecting earnings of $0.13 per share and revenue of $21.50 million.
• In its last earnings report, the company beat expectations, reporting $0.23 EPS and $20 million in revenue.
• Shares of Gorilla Technology Group have seen a slight decline of 0.3%, trading at $16.78, with significant fluctuations in its stock price over the past year.

Gorilla Technology Group (NASDAQ:GRRR - Get Free Report) will likely be posting its quarterly earnings results before the market opens on Thursday, August 14th. Analysts expect Gorilla Technology Group to post earnings of $0.13 per share and revenue of $21.50 million for the quarter.

Gorilla Technology Group (NASDAQ:GRRR - Get Free Report) last announced its quarterly earnings results on Wednesday, June 18th. The company reported $0.23 EPS for the quarter, beating analysts' consensus estimates of $0.01 by $0.22. The company had revenue of $20.00 million during the quarter, compared to analyst estimates of $19.50 million. On average, analysts expect Gorilla Technology Group to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Gorilla Technology Group Stock Down 0.3%

Shares of NASDAQ GRRR traded down $0.05 during trading hours on Tuesday, hitting $16.78. 463,712 shares of the stock were exchanged, compared to its average volume of 2,817,601. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.48 and a current ratio of 2.48. The company's fifty day simple moving average is $19.52 and its two-hundred day simple moving average is $20.67. Gorilla Technology Group has a 1-year low of $2.31 and a 1-year high of $44.15.

Institutional Trading of Gorilla Technology Group

A number of hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. acquired a new position in shares of Gorilla Technology Group during the first quarter worth $477,000. Cetera Investment Advisers lifted its holdings in shares of Gorilla Technology Group by 28.4% during the second quarter. Cetera Investment Advisers now owns 20,622 shares of the company's stock worth $410,000 after purchasing an additional 4,557 shares during the period. Geode Capital Management LLC acquired a new position in shares of Gorilla Technology Group during the second quarter worth $251,000. Finally, NewEdge Advisors LLC acquired a new position in shares of Gorilla Technology Group during the first quarter worth $61,000. Institutional investors and hedge funds own 1.33% of the company's stock.

About Gorilla Technology Group

Gorilla Technology Group Inc provides video intelligence, Internet of Things (IoT) security, and edge content management hardware, software, and services in the Asia Pacific region. The company operates through three segments: Video IoT, Security Convergence, and Other segments. It offers intelligent video analytics AI models for various verticals, such as behavioral analytics, people/face recognition, vehicle analysis, object recognition, and business intelligence that can scan video for patterns and distinguish specific items using AI algorithms and metadata.

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