Gorilla Technology Group Inc. (GRRR) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to the Guerrilla Technology Group's third quarter 2025 financial results conference call. All participants are in a listen-only mode. After the speaker's remarks, we will conduct a question and answer session. To ask a question at this time, you will need to press star followed by the number one on your telephone keypad. As a reminder, this conference call is being recorded. I would now like to turn the call over to our speakers today. Jay Chandon, Chairman and Chief Executive Officer and Bruce Bower, Chief Financial Officer. Thank you. Please go ahead, gentlemen. Thank you very much. Good morning, everyone. Q3 marks the strongest quarter in Gorilla's history with revenue ahead of expectations, operating profit firmly positive, and the bottom line at break even. Now, we've delivered a clear swing in profitability. We've built a cash position about over $119 million. We've reduced debt to $15.1 million. And we've advanced our AI infrastructure programs across Southeast Asia, Latin America, and the Middle East, securing multi-billion dollar projects. But at the same time, we're also creating an historic pipeline for this business. The simple message is that Gorilla is now operating above the analyst model. and scaling faster than the market expected. Thank you. Ruth, anything you want to say? Yes. I'd just like to take a walk through some of the highlights from the quarter and then in terms of where we are overall. So the first, as Jay mentioned, was it was a record quarter for us in terms of revenue. The balance sheet, as Jay mentioned, $121.4 million of cash total. That breaks down to $109 million of unrestricted free cash and then the balance and restricted cash. Debt of $15.1 million means that we're in a significant net cash position of $1...