$Gorilla Technology (GRRR.US)$is an enterprise developing bu...

Business description: Gorilla Technology utilizes AI-based edge video analysis and IoT technology to provide solutions in a wide range of fields such as smart cities, autonomous driving, and vehicle management systems. Recently, specific projects are also underway, such as expanding the AI airside management system at Taiwan's Taoyuan International Airport and strengthening the network investigation system for Taiwan's national law enforcement agencies through cooperation with major telecommunications companies.

Achievements: In the first half of 2024, the company recorded sales of $20.67 million, achieving a 222% increase over the same period last year. Also, gross profit was 17.68 million dollars, an increase of 456% over the same period last year. Operating profit also turned into a surplus of 1.77 million dollars, showing a significant improvement from a loss of 7.29 million dollars in the same period last year.

Future prospects: The company is aiming for revenue of 90 million dollars or more for the full year 2024, and also anticipates a positive shift in cash flow. Furthermore, it has a sales pipeline of over 1 billion dollars, and it is said that there is a high possibility of future growth.

Overall, Gorilla Technology is attracting attention as a company with strong performance and clear growth strategies, leveraging its strengths in the AI and cybersecurity fields. However, when making investment decisions, it is important to fully consider the latest market trends and risk factors.