Gorilla Technology Stock Fair Value – GORILLA TECHNOLOGY Reports Second Quarter Earnings for 2023 Fiscal Year
August 11, 2023
🌥️Earnings Overview
On August 9 2023, GORILLA TECHNOLOGY ($NASDAQ:GRRR) announced their earnings results for the second quarter of the 2023 fiscal year, which ended on June 30 2023. A total revenue of USD 6.4 million was reported for the quarter, representing a 53.4% decrease compared to the same quarter the prior year. Net income for the period was reported as -7.3 million, showing a slight improvement from the previous year’s -8.6 million.
Price History
The report showed that the company’s stock opened at $2.1 and closed at $2.0, representing a 5.3% rise from the previous closing price of 1.9. This marks a positive start to the year for GORILLA TECHNOLOGY, who have seen their stock prices rise steadily since the beginning of the 2023 fiscal year. Analysts have attributed the increase to the company’s increasing focus on the development and implementation of new technologies and strategies to improve their operations. The company also saw positive growth in their net income, which rose by 5% during the quarter.
Overall, GORILLA TECHNOLOGY’s second quarter earnings report was encouraging and reflective of the company’s efforts to diversify and innovate their operations. It is expected that GORILLA TECHNOLOGY will continue to see positive growth in the coming quarters, and investors are optimistic about the company’s future prospects. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Gorilla Technology. More…
| Total Revenues | Net Income | Net Margin |
| 15.04 | -86.17 | -302.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Gorilla Technology. More…
| Operations | Investing | Financing |
| -17.07 | -7.08 | 29.53 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Gorilla Technology. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 64.56 | 35.49 | 0.43 |
Key Ratios Snapshot
Some of the financial key ratios for Gorilla Technology are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -17.1% | – | -567.6% |
| FCF Margin | ROE | ROA |
| -137.8% | -185.1% | -82.6% |
Analysis – Gorilla Technology Stock Fair Value
At GoodWhale, we recently conducted an analysis of GORILLA TECHNOLOGY‘s financials. Our proprietary Valuation Line determined that the fair value of GORILLA TECHNOLOGY’s stock is around $7.6. However, GORILLA TECHNOLOGY’s stock is currently being traded at $2.0 per share, representing a significant discount of 73.8%. This suggests that the stock is currently undervalued and may be a great investment opportunity for investors. More…
Peers
Competition between Gorilla Technology Group Inc and its competitors, Nforce Secure PCL, 360 Security Technology Inc, and Topsec Technologies Group Inc, is fierce. All of these companies strive to provide the best security solutions and services available on the market, making it an intense battle for customers. In order to succeed, each company must stay ahead of the competition and offer the most innovative technology and services.
– Nforce Secure PCL ($SET:SECURE)
Nforce Secure PCL is a global technology company that focuses on cyber security solutions for government, healthcare, and enterprise customers. The company has a market cap of 1.5 billion USD as of 2022, making it one of the largest companies in its industry. Its Return on Equity (ROE) of 5.07% has remained consistent since its inception, indicating that the company is well managed and has a strong competitive advantage in the cyber security industry. Nforce Secure PCL provides a wide range of services, from threat detection and prevention to data protection and compliance, to help protect customers from potential cyber threats. The company’s commitment to providing innovative and secure cyber security solutions is evident in its market cap and ROE, both of which have been steadily increasing in recent years.
– 360 Security Technology Inc ($SHSE:601360)
360 Security Technology Inc is a leading cybersecurity and data security company based in China. The company provides a range of products and services related to cloud security, endpoint security, network security, and mobile security. As of 2022, the company has a market cap of 46.3B and a Return on Equity (ROE) of -3.34%. This suggests that the company has had difficulty generating profits from its investments, though it is still able to maintain a relatively high market capitalization. The company is currently focusing on expanding its product portfolio and improving its operational efficiency to generate higher returns for its shareholders.
– Topsec Technologies Group Inc ($SZSE:002212)
Topsec Technologies Group Inc is a leading provider of integrated security solutions, including security consulting and system integration, managed security services, software and hardware products, and virtual security services. The company has a market cap of 11.67B as of 2022, making it one of the largest companies in the security industry. Its Return on Equity (ROE) of -0.71% is an indication of the company’s financial performance over the past year. Topsec Technologies Group Inc focuses on providing comprehensive security solutions for its clients, ranging from enterprise-level security systems to consumer-level products. The company has a strong presence in the China and international markets, with its products and services utilized by over 1,000 customers worldwide.
Summary
GORILLA TECHNOLOGY reported their second quarter earnings for fiscal year 2023 on August 9, revealing total revenue of USD 6.4 million, a decrease of 53.4% year over year. Despite this sharp decrease, net income for the quarter was -7.3 million, slightly improved from the previous year’s -8.6 million. On the same day, the stock price moved up.
This suggests that investors are viewing the second quarter results with optimism, likely due to the slight improvement in net income and potential for further growth. With the current decrease in revenue, investors should be cautious when considering investing in GORILLA TECHNOLOGY as there is risk of further losses in the future.
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