In this Research Note, we examine Gorilla Technology Group, the London, UK-headquartered security convergence business, based on their 2023 financial results, Annual Report, and investor presentation, June 2024. The Gorilla Technology IPO, was completed in July 2022, through a SPAC merger with dedicated “blank check company” Global SPAC Partners Co. Gorilla Technology Group Inc. (Nasdaq: GRRR) is a former Taiwanese security solution provider in video intelligence, network intelligence, and IoT. The company reports over 150 employees. Gorilla has operated in the field of video analytics since their incorporation in 2001. Their developed technologies in edge AI computing, video analytics, and operational technology (OT) security are the backbone of their suite of product and service solutions for a diversified customer base of commercial, industrial, municipal, and government entities. Gorilla Investor Presentation, June 2024 Gorilla Technology 2023 Financial Highlights Full-year 2023 revenues of $64.7 million marked a substantial 189% increase year-over-year. After a 47% revenue decline in […]