London, United Kingdom, March 31, 2025 (GLOBE NEWSWIRE) – Gorilla Technology Group Inc. (NASDAQ: GRRR) announced impressive financial results for the fiscal year ending December 31, 2024. The company reported revenue of $74.67 million, exceeding guidance and demonstrating a 15.4% increase over the previous year. Net income reached $21.32 million, surpassing expectations by 253.7%, reflecting Gorilla’s strong execution and profitability.
Adjusted EBITDA was $20.62 million, beating estimates by 76.2%, highlighting the company’s operational efficiency. Adjusted EPS surged to $2.02, outperforming market expectations by 477.1%, showcasing Gorilla’s profitability.
Looking ahead, Gorilla reaffirmed its revenue guidance for 2025 of $100-$110 million, with a focus on achieving cash flow positivity and sustainable growth. The company is well-positioned for future success with a robust cash position and reduced debt.
CEO Jay Chandan expressed confidence in Gorilla’s growth trajectory, stating, “This year has proven one thing: Gorilla is here to win!” The company’s expansion into global markets and strategic partnerships signal continued momentum and value creation.
Gorilla’s strong performance in 2024 sets the stage for accelerated growth in 2025 and beyond. With a focus on monetizing existing deals and securing new projects, Gorilla aims to solidify its position as a leader in AI-driven security and intelligence solutions.
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