Gorilla Technology (GRRR) financial statements
Gorilla Technology reported revenue of $75M in fiscal 2024, up 13.2% a year over 4 years.
Net income was -$65M and the operating margin -89.6%, against -12.5% in 2020.
Free cash flow was -$31M.
The diluted share count rose 256% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Gorilla Technology's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $45M | $42M | $22M | $65M | $75M |
| Cost of revenue | $27M | $26M | $14M | $20M | $37M |
| Gross profit | $19M | $16M | $8M | $45M | $37M |
| Research and development | $14M | $15M | $14M | $4M | $2M |
| Selling, general and admin | $203,336 | $23,144 | $22,914 | $152,925 | $264,111 |
| Operating income | -$6M | -$8M | -$87M | $17M | -$67M |
| Interest expense | $461,118 | $666,349 | $835,273 | $818,065 | $732,508 |
| Pre-tax income | $6M | $9M | -$87M | $17M | -$66M |
| Income tax | — | — | $430,368 | $4M | -$1M |
| Net income | -$6M | -$9M | -$88M | $13M | -$65M |
| EPS (diluted) | -$2.00 | -$2.88 | -$17.83 | $1.64 | -$6.13 |
| Diluted shares | — | 3M | 5M | 8M | 11M |
| Gross margin | 40.9% | 37.3% | 37.2% | 69.1% | 50.0% |
| Operating margin | -12.5% | -19.3% | -386.0% | 26.4% | -89.6% |
| Net margin | -13.0% | -20.2% | -390.6% | 20.9% | -86.8% |
Balance sheet
Fiscal years, from Gorilla Technology's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Cash and short-term investments | $12M | $10M | $24M | $5M | $22M |
| Receivables | — | $35M | $14M | $1M | $26M |
| Inventory | — | $152,227 | $68,629 | $23,116 | $5,199 |
| Total current assets | — | $56M | $48M | $78M | $127M |
| Property, plant and equipment | — | $34M | $16M | $16M | $15M |
| Total assets | — | $95M | $65M | $115M | $154M |
| Total current liabilities | — | $38M | $28M | $54M | $75M |
| Long-term debt | — | $11M | $8M | $7M | $4M |
| Total liabilities | — | $49M | $37M | $61M | $81M |
| Shareholders' equity | $53M | $46M | $29M | $54M | $73M |
| Net debt | -$12M | $24M | -$1M | $18M | -$2M |
Cash flow
Fiscal years, from Gorilla Technology's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Operating cash flow | -$2M | $2M | -$9M | -$9M | -$30M |
| Capital spending | $6M | $8M | $3M | $4M | $1M |
| Free cash flow | -$7M | -$7M | -$12M | -$13M | -$31M |
| Stock-based compensation | $142,416 | $375,941 | $346,122 | $695,675 | $749,572 |
| Net borrowing | $1M | $6M | -$1M | -$2M | -$2M |
| Free cash flow margin | -16.5% | -16.0% | -52.6% | -20.5% | -41.7% |
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Open GRRR in InvestinglyQuestions
What was Gorilla Technology's revenue in 2024?
$75M in fiscal 2024, from its 10-K filing.
How much free cash flow does Gorilla Technology generate?
-$31M in fiscal 2024 (operating cash flow minus capital spending).
From Gorilla Technology's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.