Gorilla rises again after landing contract with Egypt

Gorilla Technology

10/07/2023 12:52

** Shares of cybersecurity and AI video analytics firm
Gorilla Technology  GRRR.O  up 11% at $5.22 premarket
    ** Stock more than doubled in premarket trading on Friday
after co signed a contract with the government of Egypt to
implement a "smart government security convergence" solution
    ** The contract, worth more than $270 mln over three years,
represents the largest customer win in Gorilla's history and
puts the firm on a path toward profitability by the end of 2024,
co says
    ** GRRR was the third most traded stock among retail traders
on Friday, according to J.P.Morgan tracker
    ** Stock down 42% so far this year

 (Reporting by Medha Singh)
 ((medha.singh@thomsonreuters.com))