Business
Gorilla Technology Converts Growth Into Cash: Q1 Revenue Up 55%, Operating Cash Flow Turns Positive & Full Year Guidance Raised
- Revenue grows 55% year on year, expanding to US$28.2 million -- Operating cash flow turns positive at US$6.6 million, a US$17.3 million improvement from Q1 2025 -- Cash balance improves 373% year on year to US$98.4 million -- Full year 2026 revenue guidance range increased to US$160 million - US$200 million -London, United Kingdom--(Newsfile Corp. - May 27, 2026) - Gorilla Technology Group Inc. (NASDAQ: GRRR) ("Gorilla" or the "Company"), a global solution provider in Security Intelligence,...
About this update from Gorilla Technology Group Inc.
[{"type":"text","content":"- Revenue grows 55% year on year, expanding to US$28.2 million -","length":64,"tagName":"p","attribs":{}},{"type":"text","content":"- Operating cash flow turns positive at US$6.6 million, a US$17.3 million improvement from Q1 2025 -","length":100,"tagName":"p","attribs":{}},{"type":"text","content":"- Cash balance improves 373% year on year to US$98.4 million -","length":62,"tagName":"p","attribs":{}},{"type":"text","content":"- Full year 2026 revenue guidance range increased to US$160 million - US$200 million -","length":86,"tagName":"p","attribs":{}},{"type":"text","content":"London, United Kingdom--(Newsfile Corp. - May 27, 2026) - Gorilla Technology Group Inc. (NASDAQ: GRRR) ("Gorilla" or the "Company"), a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence, IoT technology and data centres, today announced financial results for the three months ended, 31st March 2026.","length":362,"tagName":"p"},{"type":"text","content":"Key Highlights:","length":15,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Revenue growth drives momentum: Q1 2026 revenue was US$28.2 million, compared with US$18.3 million in Q1 2025, representing growth of approximately 55% year on year.","length":165,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":165,"olType":false},{"type":"list","items":[{"val":[{"type":"text","content":"Operating cash flow generation accelerates: Net cash from operating activities swung from US$(10.7) million in Q1 2025 to US$6.6 million in Q1 2026, a US$17.3 million improvement.","length":179,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":179,"olType":false},{"type":"list","items":[{"val":[{"type":"text","content":"Strong cash position underpins future growth: Gorilla ended Q1 2026 with US$98.4 million of cash and cash equivalents, compared with US$20.8 million at March 31, 2025, an increase of approximately 373% year on year.","length":215,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":215,"olType":false},{"type":"list","items":[{"val":[{"type":"text","content":"Egypt project delivering meaningful cash flow: During Q1, Gorilla collected significant cash from its Egypt project following the successful completion of key project milestones. Advance payment guarant...