JFrog stock rises as Cantor Fitzgerald maintains Overweight rating after strong Q2
LONDON - Gorilla Technology Group Inc. (NASDAQ:GRRR), with a market capitalization of $504.6 million, reported revenue of $39.3 million for the first half of 2025, representing a 90.2% increase compared to the same period last year, according to a company press release. According to InvestingPro data, the company’s stock is currently trading at Fair Value.
The AI and security intelligence solution provider reduced its debt to $18.1 million from $21.4 million at the end of 2024, while strengthening its liquidity position with a $105 million equity offering completed in July 2025. InvestingPro analysis shows the company maintains a healthy current ratio of 2.48, with liquid assets well exceeding short-term obligations.
Despite the revenue growth, Gorilla reported an operating loss of $9.1 million for the six months ended June 30, 2025, with a net loss of $8.5 million. The company’s loss per share was $0.43 for the period.
The company secured three new contracts during the period, including projects with the Port of Tyne in the United Kingdom, Wan Hai Port in Taiwan, and ADE Corporation in Taiwan. These agreements involve AI-powered surveillance systems and criminal financial flow analysis capabilities.
Gorilla ended the first half with $26.1 million in total cash. The company stated it intends to use proceeds from its recent equity offering to secure future contracts and drive expansion.
"Gorilla has completed the first half of 2025 with focus, strength and clear momentum," said Jay Chandan, whose position was not specified in the press release. "The results show the underlying profitability of our model and an established growth path."
The company reported that its project pipeline now exceeds $5 billion across markets including the United States, Middle East, North Africa, Southeast Asia, East Asia, South America, and the United Kingdom.
In other recent news, Gorilla Technology Group Inc. has announced the resolution of its litigation with Culper Research through a confidential non-monetary settlement. The company also provided a business update, revealing a $5.6 billion active pipeline with expectations to close $1.3 billion in contracts by mid-2026. Gorilla Technology has strengthened its position in the AI sector by becoming an NVIDIA Solutions Partner, which will enhance its capabilities in AI, smart city technologies, and cybersecurity offerings. Additionally, Gorilla Technology has entered into a securities purchase agreement to raise $105 million through a registered direct offering. This includes a significant $100 million investment from a new institutional investor. In another strategic move, Gorilla Technology plans to acquire Thai tech providers CNS and CANS, with the transaction expected to close in summer 2025. These developments highlight Gorilla Technology’s ongoing efforts to expand its business and strengthen its market position.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.