Gorilla Technology Group, Inc. GRRR shares are trending on social media Tuesday after gaining nearly 100% on Monday. Here’s a look at what’s going on.
Insight into Gorilla Technology Group’s Performance:
Following the release of its nine-month financial results ending Sept. 30, 2023, Gorilla Technology Group made headlines by reporting a revenue of $37.9 million, showcasing a remarkable increase of over 100% compared to the same period last year.
“Thrilled to announce stellar earnings for the first nine months of 2023! We’ve not just met our numbers for Q3, but exceeded expectations, showcasing the incredible dedication and hard work of every member of our team. It’s not just about the numbers; it’s a testament to our shared commitment to excellence,” Jay Chandan, Gorilla CEO commented.
Gorilla Technology Group operates in the sector of video intelligence, Internet of Things (IoT) security, edge AI data analytics, and operational technology security solutions and services.
Further emphasizing this surge, Gorilla Technology Group shares are moving on heavy trading volume, with more than 21.6 million shares already exchanged in the session, according to data from Benzinga Pro.
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GRRR Price Action: According to Benzinga Pro, Gorilla Technology Group shares are up % at $ at the time of publication.
Image: Gerd Altmann from Pixabay
