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Gorilla Technology Group Inc. (GRRR) 10-Year Financial Performance & Capital Metrics

GRRR • • Industrial / General
TechnologyInfrastructure SoftwareAI & Analytics PlatformsAI-Powered Surveillance & Analytics
AboutGorilla 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. The company also provides information technology (IT) and operational technology (OT) security convergence AI algorithms for system administrators and security engineers to detect suspicious behaviors in real time; network anomaly detection AI models; and endpoint malware and suspicious behavior detection AI models. In addition, it offers intelligent video analytics (IVA) appliances to analyze and turn unstructured video and picture data into structured data; IVAR appliance that provides insight into business and operations in a statistic dashboard; smart attendance to track employee health and safety, work hours, clock-ins/outs, and absenteeism, as well as to protect company assets and intellectual properties; event and video management system appliances to store event/object attributes in temporal-spatial big data database from Gorilla; and operation technology security appliance to monitor and control physical devices, processes, and infrastructure, as well as to protect industrial systems and networks from various threats. Further, the company provides smart retail SaaS for shopper demographics, visualized shopper behavior, and advanced data analytics, smart city and transportation SaaS for traffic management, public safety, and planning data; and endpoint security SaaS that protects endpoints against security threats. Gorilla Technology Group Inc. was incorporated in 2001 and is based in Taipei, Taiwan.Show more
  • Revenue $75M +15.4%
  • EBITDA -$66M -458.0%
  • Net Income -$65M -580.1%
  • EPS (Diluted) -6.13 -473.8%
  • Gross Margin 49.96% -27.7%
  • EBITDA Margin -87.78% -410.2%
  • Operating Margin -89.65% -440.0%
  • Net Margin -86.77% -516.0%
  • ROE -101.83% -412.0%
  • ROIC -64.63% -380.8%
  • Debt/Equity 0.30 -50.0%
  • Interest Coverage -91.39 -538.2%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Strong 5Y sales CAGR of 13.7%

✗Weaknesses

  • ✗Weak Piotroski F-Score: 3/9
  • ✗Negative free cash flow
  • ✗Weak momentum: RS Rating 13 (bottom 13%)
  • ✗Low quality earnings: Net income not backed by cash flow
  • ✗Shares diluted 28.4% in last year
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y13.72%
3Y20.91%
TTM47.86%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-15933.35%

EPS CAGR

10Y-
5Y-
3Y-
TTM-81.07%

ROCE

10Y Avg-44.69%
5Y Avg-53.49%
3Y Avg-81.77%
Latest-95.9%

Peer Comparison

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Profit & Loss

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+39.27M45.41M42.24M22.41M64.69M74.67M
Revenue Growth %-0.16%-0.07%-0.47%1.89%0.15%
Cost of Goods Sold+21.07M26.86M26.47M14.07M19.98M37.37M
COGS % of Revenue0.54%0.59%0.63%0.63%0.31%0.5%
Gross Profit+18.19M18.56M15.77M8.34M44.72M37.31M
Gross Margin %0.46%0.41%0.37%0.37%0.69%0.5%
Gross Profit Growth %-0.02%-0.15%-0.47%4.36%-0.17%
Operating Expenses+18.64M24.25M23.93M94.84M27.66M104.25M
OpEx % of Revenue0.47%0.53%0.57%4.23%0.43%1.4%
Selling, General & Admin7.35M8.26M8.39M12.84M18.12M13.5M
SG&A % of Revenue0.19%0.18%0.2%0.57%0.28%0.18%
Research & Development11.34M14.34M15.05M14.11M3.7M2.11M
R&D % of Revenue0.29%0.32%0.36%0.63%0.06%0.03%
Other Operating Expenses-52.18K1.64M487.42K67.9M5.84M88.64M
Operating Income+-449.22K-5.69M-8.16M-86.51M17.06M-66.94M
Operating Margin %-0.01%-0.13%-0.19%-3.86%0.26%-0.9%
Operating Income Growth %--11.68%-0.43%-9.6%1.2%-4.92%
EBITDA+5.97M2.51M588.75K-78.88M18.31M-65.55M
EBITDA Margin %0.15%0.06%0.01%-3.52%0.28%-0.88%
EBITDA Growth %--0.58%-0.77%-134.98%1.23%-4.58%
D&A (Non-Cash Add-back)6.42M8.21M8.75M7.63M1.25M1.4M
EBIT-95.31K-5.53M-8.12M-86.27M17.83M-65.37M
Net Interest Income+-114.93K-301.84K-628.48K-599.36K-47.66K836.75K
Interest Income353.92K159.28K37.87K235.91K770.41K1.57M
Interest Expense468.85K461.12K666.35K835.27K818.07K732.51K
Other Income/Expense-114.93K-301.84K-628.48K-599.36K-47.66K836.75K
Pretax Income+-564.15K-6M-8.79M-87.11M17.01M-66.11M
Pretax Margin %-0.01%-0.13%-0.21%-3.89%0.26%-0.89%
Income Tax+-28.28K-74.9K-238.44K430.37K3.52M-1.31M
Effective Tax Rate %0.95%0.99%0.97%1%0.79%0.98%
Net Income+-535.87K-5.92M-8.55M-87.54M13.5M-64.79M
Net Margin %-0.01%-0.13%-0.2%-3.91%0.21%-0.87%
Net Income Growth %--10.05%-0.44%-9.24%1.15%-5.8%
Net Income (Continuing)-535.87K-5.92M-8.55M-87.54M13.5M-64.79M
Discontinued Operations000000
Minority Interest000000
EPS (Diluted)+-0.25-2.70-3.90-17.801.64-6.13
EPS Growth %--9.93%-0.44%-3.56%1.09%-4.74%
EPS (Basic)-0.25-14.41-3.90-17.801.92-6.13
Diluted Shares Outstanding2.17M2.17M2.17M4.91M8.23M10.57M
Basic Shares Outstanding2.17M411.01K2.17M4.91M8.22M10.57M
Dividend Payout Ratio------

Balance Sheet

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+55.42M54.77M55.82M47.75M77.54M126.67M
Cash & Short-Term Investments22.85M19.59M18.95M30.94M34.13M37.47M
Cash Only17.63M12.15M9.94M23M5.31M21.7M
Short-Term Investments5.22M7.43M9.01M7.94M28.82M15.77M
Accounts Receivable31.91M34.87M36.46M15.42M35.77M60.41M
Days Sales Outstanding296.63280.25315.05251.09201.8295.27
Inventory158.35K89.78K152.23K68.63K23.12K5.2K
Days Inventory Outstanding2.741.222.11.780.420.05
Other Current Assets501.39K219.81K25.9K61.8K170.46K152.8K
Total Non-Current Assets+39.53M37.52M39.11M17.51M37.9M27.12M
Property, Plant & Equipment32.65M32.43M34.52M16.15M15.93M15.44M
Fixed Asset Turnover1.20x1.40x1.22x1.39x4.06x4.84x
Goodwill000-56.29M00
Intangible Assets5.99M4.11M3.42M56.34M5.87M2.93M
Long-Term Investments123.74K180.75K50.58K013.64M0
Other Non-Current Assets593.53K591.93K707.39K1.27M1.49M1.81M
Total Assets+94.95M92.29M94.93M65.26M115.44M153.8M
Asset Turnover0.41x0.49x0.44x0.34x0.56x0.49x
Asset Growth %--0.03%0.03%-0.31%0.77%0.33%
Total Current Liabilities+26.97M28.52M38M28.26M54.32M75.31M
Accounts Payable3.61M6.69M8.06M6.67M11.05M26.04M
Days Payables Outstanding62.5790.91111.15173.13201.83254.36
Short-Term Debt14.59M19.13M25.05M15.6M26.03M17.05M
Deferred Revenue (Current)1000K1000K20.19K58.48K107.6K273.23K
Other Current Liabilities-1.59M-1.78M1.71M5.9M6.38M20.26M
Current Ratio2.06x1.92x1.47x1.69x1.43x1.68x
Quick Ratio2.05x1.92x1.47x1.69x1.43x1.68x
Cash Conversion Cycle236.8190.55205.9979.750.440.97
Total Non-Current Liabilities+9.59M10.27M11.01M8.46M6.97M5.38M
Long-Term Debt9.33M9.98M10.75M8.25M6.82M4.37M
Capital Lease Obligations31.17K19.2K69.59K023.01K579.7K
Deferred Tax Liabilities161.09K127.77K78.4K148.18K59.81K42.9K
Other Non-Current Liabilities69.24K147.81K105.54K61.06K63.95K386.06K
Total Liabilities36.55M38.79M49M36.72M61.29M80.69M
Total Debt+23.97M29.18M35.92M23.87M32.91M22.21M
Net Debt6.34M17.02M25.98M874.83K27.6M508.96K
Debt / Equity0.41x0.55x0.78x0.84x0.61x0.30x
Debt / EBITDA4.02x11.62x61.01x-1.80x-
Net Debt / EBITDA1.06x6.78x44.12x-1.51x-
Interest Coverage-0.96x-12.35x-12.24x-103.57x20.85x-91.39x
Total Equity+58.4M53.5M45.93M28.54M54.15M73.1M
Equity Growth %--0.08%-0.14%-0.38%0.9%0.35%
Book Value per Share26.8724.6121.135.816.586.92
Total Shareholders' Equity58.4M53.5M45.93M28.54M54.15M73.1M
Common Stock6.1M6.15M6.22M7.14K7.85K19.44K
Retained Earnings5.01M-919.36K-9.45M-96.98M-83.4M-148.24M
Treasury Stock-30K-30K-30K-29.58M-29.58M-33.21M
Accumulated OCI810.45K1.59M2.04M370.18K955.02K-55.5K
Minority Interest000000

Cash Flow

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+11.1M-1.95M1.62M-8.77M-9.43M-29.65M
Operating CF Margin %0.28%-0.04%0.04%-0.39%-0.15%-0.4%
Operating CF Growth %--1.18%1.83%-6.41%-0.07%-2.14%
Net Income-564.15K-6M-8.79M-87.11M13.5M-66.11M
Depreciation & Amortization6.42M8.21M8.75M7.63M1.25M1.4M
Stock-Based Compensation245.45K142.42K375.94K346.12K695.67K951.48K
Deferred Taxes-245.45K-142.42K-375.94K000
Other Non-Cash Items441.83K1.48M789.2K69.07M9.75M82.47M
Working Capital Changes4.81M-5.64M873.5K1.29M-34.61M-48.36M
Change in Receivables-899.23K-5.06M-1.58M3.58M-32.43M-42.97M
Change in Inventory-27.86K68.57K-62.45K83.6K45.51K17.92K
Change in Payables1.45M3.1M1.37M-1.38M4.63M14.99M
Cash from Investing+-10.38M-7.73M-9.91M-1.93M-38.69M16.64M
Capital Expenditures-11.14M-5.53M-8.4M-3.01M-297.36K-543K
CapEx % of Revenue0.28%0.12%0.2%0.13%0%0.01%
Acquisitions------
Investments------
Other Investing3.82M1.41M826.86K368-3.8M-301.65K
Cash from Financing+394.51K3.88M5.99M23.61M29.73M27.98M
Debt Issued (Net)------
Equity Issued (Net)------
Dividends Paid000000
Share Repurchases------
Other Financing0112K135.52K-7.17M4.37M0
Net Change in Cash------
Free Cash Flow+-40.63K-7.47M-6.77M-11.78M-13.24M-31.11M
FCF Margin %-0%-0.16%-0.16%-0.53%-0.2%-0.42%
FCF Growth %--182.92%0.09%-0.74%-0.12%-1.35%
FCF per Share-0.02-3.44-3.12-2.40-1.61-2.94
FCF Conversion (FCF/Net Income)-20.72x0.33x-0.19x0.10x-0.70x0.46x
Interest Paid000000
Taxes Paid000000

Key Ratios

Metric201920202021202220232024
Return on Equity (ROE)-0.92%-10.58%-17.19%-235.09%32.64%-101.83%
Return on Invested Capital (ROIC)-0.52%-6.31%-8.59%-128.06%23.02%-64.63%
Gross Margin46.33%40.86%37.34%37.2%69.12%49.96%
Net Margin-1.36%-13.04%-20.24%-390.64%20.86%-86.77%
Debt / Equity0.41x0.55x0.78x0.84x0.61x0.30x
Interest Coverage-0.96x-12.35x-12.24x-103.57x20.85x-91.39x
FCF Conversion-20.72x0.33x-0.19x0.10x-0.70x0.46x
Revenue Growth-15.66%-6.98%-46.95%188.7%15.42%

Revenue by Segment

20222023
Total Member23.39M76.43M
Total Member Growth-226.84%
Software Member4.59M173.12K
Software Member Growth--96.23%

Revenue by Geography

20222023
TAIWAN14.71M64.62M
TAIWAN Growth-339.38%
HONG KONG7.69M63.62K
HONG KONG Growth--99.17%
Other Regions Member-15.46K
Other Regions Member Growth--
Americas4.59K-
Americas Growth--

Frequently Asked Questions

Growth & Financials

Gorilla Technology Group Inc. (GRRR) reported $99.7M in revenue for fiscal year 2024. This represents a 154% increase from $39.3M in 2019.

Gorilla Technology Group Inc. (GRRR) grew revenue by 15.4% over the past year. This is strong growth.

Gorilla Technology Group Inc. (GRRR) reported a net loss of $67.2M for fiscal year 2024.

Dividend & Returns

Gorilla Technology Group Inc. (GRRR) has a return on equity (ROE) of -101.8%. Negative ROE indicates the company is unprofitable.

Gorilla Technology Group Inc. (GRRR) had negative free cash flow of $24.9M in fiscal year 2024, likely due to heavy capital investments.

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