shulz
Thesis
Gorilla Technology Group (NASDAQ:GRRR), it seems, is managing to stand out in the crowded and ceaselessly active AI and IoT markets, showing some very impressive growth in 2024 and hitting a few notable milestones along the way.
The
Gorilla Technology Group Gains Momentum With $2 Billion Pipeline
Summary
- Gorilla Technology Group has shown impressive growth in 2024, with a 65% YTD stock increase, strong profitability, and notable milestones in AI and IoT markets.
- The company excels in AI-powered edge video analytics, IoT technologies, and cybersecurity, with significant growth in Southeast Asia, MENA, and the U.S.
- Financial performance is stellar with $78.9 million in revenue, 424.97% YoY growth, and strong margins, though cash flow remains a concern.
- GRRR's valuation is attractive with a P/E GAAP ratio of 3.89, a $2 billion project pipeline, and strategic partnerships, making it a compelling buy.
I focus on producing objective, data-driven research, mostly about small- to mid-cap companies, as these tend to be overlooked by many investors. From time to time, though, I also look at large-cap names, just to give a fuller sense of the broader equity markets.
Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in GRRR over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.