UK's Gorilla Technology H1 net loss widens on stock-based compensation and accounting effects

Gorilla Technology

24/08/2026 21:17

Overview
UK security intelligence provider's H1 revenue nearly doubled yr/yr, driven by AI and data-centre programs
Company posted significant H1 operating and net loss, impacted by stock-based compensation and accounting effects
Gorilla raised fiscal 2026 revenue outlook and targets substantial growth in 2027

Outlook
Gorilla raises Q3 2026 revenue guidance to $48 mln-$50 mln from $36 mln-$40 mln
Company now expects 2026 revenue of at least $200 mln, up from prior $160 mln-$200 mln range
Gorilla targets 2027 revenue of $450 mln-$500 mln with substantial gross margin improvement

Result Drivers
EARLY DELIVERY - Co said earlier-than-anticipated delivery across multiple contracted customer programmes enabled it to recognize revenue ahead of original expectations
AI INFRASTRUCTURE SCALING - Revenue growth was driven by scaling of AI infrastructure and data-centre programmes, alongside continued delivery across security intelligence and smart-city operations
INFRASTRUCTURE INVESTMENT - Co deployed US$14.1 mln in H1 for acquisition of property and equipment to expand capacity and delivery platform

Company press release: ID:nNFCbLyDQF

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Net Loss
 
$46.90 mln
 
H1 EBIT
 
-$47.20 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the it services & consulting peer group is "buy"
Wall Street's median 12-month price target for Gorilla Technology Group Inc is $40.00, about 149.1% above its August 21 closing price of $16.06

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)