Gorilla Technology Group (GRRR) Water Tower Research Virtual Insights Conference summary

Revenue growth and business transformation

• Achieved $74M+ revenue in 2024, $101M in 2025, and $78M+ in H1 2026, reflecting rapid growth and business evolution.

• Three revenue engines: software (Edge AI, smart cities, cybersecurity), AI infrastructure (GPU-as-a-service), and managed infrastructure/data centers.

• Major contracts in India (Yotta) with $3B+ in revenue potential and significant expansion in Asia and Egypt.

• Revenue per customer is increasing due to integrated offerings across software, infrastructure, and services.

Major project execution and milestones

• Yotta project in India involves 25,856 advanced GPUs, with phased deliveries through end of 2026.

• First phase delivered; remaining phases to complete by early October, with Yotta 2 deliveries in blocks through year-end.

• Execution focus: supply chain managed with Supermicro, $2B+ procurement, and strict adherence to delivery milestones.

• Revenue recognition tied to equipment deployment, client acceptance, and billing, supporting $450M-$500M guidance for 2027.

Geographic expansion and market positioning

• Active in South Asia (India), Southeast Asia (Indonesia, Malaysia, Thailand, Singapore), Far East Asia, Egypt, and exploring US, South Korea, and Japan.

• Indonesia contract for 1,875 servers (15,000 GPUs) to be deployed by Q1 2027; Thailand and Malaysia serve as strategic hubs.

• Pipeline exceeds $10B, with focus on sovereign AI and national infrastructure projects over the next 3-5 years.

• All projects are bespoke and customer-driven, not speculative builds.