$Gorilla Technology (GRRR.US)$ Looking pretty solid for 2024...

Looking pretty solid for 2024. The company is expected to see around $72 million in revenue this year, with growth projected to continue. They’ve also secured contracts totaling $93 million in backlog, which sets them up nicely for the future so long as they can execute.

They’re carrying some debt, but their debt to equity ratio is decent at 0.50, and their current ratio sits at 1.72, they’ve got good liquidity. Cash wise, they have $12.76 million, though they’re in the red on net cash at minus $23.12 million, which is mostly due to their debt load.

The stock has been on a tear lately, up over 50% in the past year, and with a PE ratio of just 3.89, it looks like it could still be undervalued compared to its earnings potential. They’ve been growing in AI and smart city solutions and have strong partnerships with companies like Intel.