Gorilla Technology Group (NASDAQ:GRRR) Releases Quarterly Earnings Results, Misses Estimates By $0.28 EPS

Key Points

• Gorilla Technology Group reported a quarterly loss of $0.32 per share, missing the consensus estimate of a $0.04 loss by $0.28. Revenue reached $50.13 million, exceeding analyst expectations of $38.69 million.
• Shares fell $0.23 to $15.83 following the results, while the stock remains well below its 52-week high of $23.49 and carries a high P/E ratio of 175.89.
• Analyst sentiment is mixed, with ratings ranging from sell to buy; the stock has an average “Hold” rating and an average price target of $41.33.

Gorilla Technology Group (NASDAQ:GRRR - Get Free Report) posted its earnings results on Monday. The company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.28), FiscalAI reports. The firm had revenue of $50.13 million during the quarter, compared to analyst estimates of $38.69 million.

Gorilla Technology Group Price Performance

Shares of NASDAQ GRRR traded down $0.23 during trading on Monday, hitting $15.83. The company had a trading volume of 1,209,393 shares, compared to its average volume of 1,060,604. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.91 and a current ratio of 2.91. Gorilla Technology Group has a 52 week low of $9.04 and a 52 week high of $23.49. The company has a market cap of $435.48 million, a P/E ratio of 175.89 and a beta of 0.34. The business's 50-day moving average is $15.11 and its 200 day moving average is $13.81.

Institutional Investors Weigh In On Gorilla Technology Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GRRR. State Street Corp increased its position in Gorilla Technology Group by 13.2% during the fourth quarter. State Street Corp now owns 300,802 shares of the company's stock worth $3,285,000 after buying an additional 34,998 shares during the last quarter. UBS Group AG increased its position in shares of Gorilla Technology Group by 576.8% during the third quarter. UBS Group AG now owns 205,867 shares of the company's stock valued at $3,800,000 after purchasing an additional 175,448 shares during the period. Royal Bank of Canada boosted its position in shares of Gorilla Technology Group by 74.6% during the 4th quarter. Royal Bank of Canada now owns 174,693 shares of the company's stock valued at $1,907,000 after acquiring an additional 74,648 shares in the last quarter. Osaic Holdings Inc. lifted its position in shares of Gorilla Technology Group by 54.9% during the 4th quarter. Osaic Holdings Inc. now owns 157,673 shares of the company's stock worth $1,722,000 after buying an additional 55,875 shares during the period. Finally, Capital Fund Management S.A. bought a new position in shares of Gorilla Technology Group in the third quarter valued at approximately $1,500,000. Hedge funds and other institutional investors own 1.33% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on GRRR. Wall Street Zen cut shares of Gorilla Technology Group from a "hold" rating to a "sell" rating in a research note on Saturday. Zacks Research raised shares of Gorilla Technology Group from a "strong sell" rating to a "hold" rating in a research note on Tuesday, May 19th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $40.00 price target on shares of Gorilla Technology Group in a research report on Thursday, June 4th. Compass Point initiated coverage on Gorilla Technology Group in a report on Tuesday, August 18th. They set a "buy" rating and a $44.00 target price on the stock. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Gorilla Technology Group in a research note on Friday, July 17th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $41.33.

About Gorilla Technology Group

Gorilla Technology Group is a Taiwan‐based provider of video computing and artificial intelligence solutions, offering software and hardware platforms for real‐time video analytics, facial recognition and edge‐computing applications. The company’s core business centers on the development of AI‐driven surveillance technologies that can be deployed in cloud, on-premise or hybrid environments. Gorilla Technology Group’s platforms are designed to process high-volume video data streams for security monitoring, operational optimization and business intelligence.

The company’s flagship offerings include video management systems integrated with smart analytics modules, IoT gateways for edge-level data processing and AI engines for tasks such as people counting, license plate recognition and behavioral analysis.

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