Gorilla Projects 2024 Revenues To Reach $72M, With An EBITDA Margin Of Over 20%, And Net Income Of Over $10M; Sees FY25 Revenues To Surpass $90M, With Net Income Exceeding $15M
Portfolio Pulse from Benzinga Newsdesk
Gorilla Technology Group Inc. (NASDAQ:GRRR) has announced its financial guidance for 2024 and 2025, projecting significant revenue growth and profitability. The company expects 2024 revenues to reach $72 million with an EBITDA margin over 20% and net income over $10 million. For 2025, revenues are projected to surpass $90 million with net income exceeding $15 million. This growth is driven by new contracts and strategic partnerships in Asia, MENA, and Latin America.
October 29, 2024 | 12:13 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Gorilla Technology Group Inc. projects significant revenue and profit growth for 2024 and 2025, driven by new contracts and strategic partnerships.
The announcement of strong revenue and profit projections for 2024 and 2025, along with strategic partnerships, suggests a positive outlook for Gorilla Technology's stock. The company's backlog and new contracts provide a solid foundation for growth, likely boosting investor confidence and stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100