Why Gorilla Technology Stock Dived This Week

Why Gorilla Technology Stock Dived This Week

Why is Gorilla Tech down this week? © Provided by Motley Fool. Why is Gorilla Tech down this week?

what happened

Investors in Gorilla Technology Group (NASDAQ: GRRR ) had a rough week, as shares fell 39% in Thursday trading. That compared with a 0.1% decline for the broader market, according to data from S&P Global Market Intelligence. In the year By 2023, the number of professionals in the field of video analytics and cyber security will decrease by more than 60%.

This week's decline came as investors digested the fourth-quarter earnings report, which contained weak growth and revenue news.

so what

After its recent IPO, Gorilla Tech is taking an important strategic step to build a more sustainable business. In fact, the company is not known much from its previous iteration. It has a completely new management team, has changed its product focus and is now targeting a new customer base.

The move led to a sharp drop in sales in 2022, with revenue dropping from $42 million to $22 million. "Elements of the transition have been challenging," CEO Jay Chandan said in a press release.

Another result of the change was a net loss of $88 million, down from $9 million a year ago.

Now what

The new management team has high hopes for a recovery strategy that focuses on cyber security and global markets as well as high-value products. Gorilla Tech has won several major contracts in these areas, and these achievements will significantly increase its profits in 2023. In fact, management expects sales of $65 million to $75 million.

But investors don't have much concrete evidence to rely on beyond the bright 2023 forecast. Gorilla Tech's new management team continues to build on its reputation with shareholders. As a result, the stock may remain highly volatile until investors see improvement in terms of sales growth, profitability and positive cash flow.


We like 10 stocks more than Gorilla Technology Group.

If our panel of analysts has a tip, it's worth listening to. After all, the Motley Fool Stock Advisor newsletter, which has been around for more than a decade, has tripled the market.

Investors named the ten best stocks to buy right now… and Gorilla Technology Group wasn't one of them. That means you think those 10 stocks are doing even better.

See 10 promotions

* Stock Advisor provides earnings from March 8, 2023.

Demitri Kalageropoulos has no position in the above shares. The Motley Fool has no position in the stocks listed. The Motley Fool has a disclosure policy.

Webinar Unlimited Perspectives LP. Kurt Wuckert Jr. Gorilla Pool of Bitcoin Infrastructure

90 thoughts on “Why Gorilla Technology Stock Dived This Week

  1. We are a group of volunteers and starting a new scheme in our community. Your site provided us with valuable information to work on. You have done an impressive job and our whole community will be grateful to you.

  2. It’s a shame you don’t have a donate button! I’d most certainly donate to this brilliant blog! I suppose for now i’ll settle for book-marking and adding your RSS feed to my Google account. I look forward to fresh updates and will talk about this site with my Facebook group. Chat soon!

  3. Neat blog! Is your theme custom made or did you download it from somewhere? A design like yours with a few simple adjustements would really make my blog jump out. Please let me know where you got your design. Kudos

  4. Do you have a spam issue on this website; I also am a blogger, and I was wanting to know your situation; many of us have created some nice methods and we are looking to swap solutions with other folks, why not shoot me an e-mail if interested.

  5. What’s up i am kavin, its my first time to commenting anywhere, when i read this post i thought i could also make comment due to this sensible piece of writing.

  6. Это лучшее онлайн-казино, где вы можете насладиться широким выбором игр и получить максимум удовольствия от игрового процесса.

  7. Онлайн казино радует своих посетителей более чем двумя тысячами увлекательных игр от ведущих разработчиков.

  8. I’m impressed, I must say. Rarely do I encounter a blog that’s equally educative and engaging, and let me tell you, you have hit the nail on the head. The issue is something not enough people are speaking intelligently about. I am very happy that I found this in my search for something concerning this.

  9. Hi, I do believe your site may be having internet browser compatibility issues. When I look at your website in Safari, it looks fine but when opening in Internet Explorer, it has some overlapping issues. I just wanted to give you a quick heads up! Besides that, fantastic blog!

  10. I know this if off topic but I’m looking into starting my own blog and was wondering what all is required to get set up? I’m assuming having a blog like yours would cost a pretty penny? I’m not very internet savvy so I’m not 100% positive. Any recommendations or advice would be greatly appreciated. Thank you

  11. Do you mind if I quote a couple of your posts as long as I provide credit and sources back to your weblog? My website is in the very same area of interest as yours and my visitors would truly benefit from a lot of the information you present here. Please let me know if this okay with you. Many thanks!

  12. Howdy just wanted to give you a quick heads up. The text in your content seem to be running off the screen in Firefox. I’m not sure if this is a format issue or something to do with internet browser compatibility but I thought I’d post to let you know. The layout look great though! Hope you get the problem resolved soon. Many thanks

Leave a Comment

error: Content is protected !!