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Gorilla Technology Group Inc. (GRRR) stock

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NASDAQ: GRRR Nasdaq Systems Software Next results ~November 16, 2026

C+ Fundamentals grade

Gorilla Technology Group Inc. is a US-listed company in the systems software industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$16

Revenue-to-maturity cash-flow model

Base case. Range ~$13–$20 across our lower- and higher-growth cases (25%–35% a year).

Price vs value

No Buy/Hold/Sell rating is issued: only 1 valuation models apply; a rating needs 3.

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 1 selling0 purchases and 2 sales by directors and officers, last 12 monthsInsider trades
  • Funds46 adding, 22 cuttingOf 13 active managers that changed their stake, 10 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Gorilla Technology Group files

Where Gorilla Technology stands after its latest Filing

Revenue for the twelve months was $101m, up 35.7% on a year earlier, faster than the 15.4% growth a quarter earlier. That growth ranks 6 of 37 among the systems software companies we cover. Free-cash-flow margin fell to -28.9% from -13.9% a year earlier. Operating margin widened to -13.5% from -19.3%. The diluted share count is up 110.6% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades C+. It passes 4 of our 6 financial-health checks. Our revenue-to-maturity cash-flow model value is $16.32 a share, against a share price of $7.54.

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 16, 2026 (estimated)

Gorilla Technology Group Inc.'s trailing-twelve-month revenue grew 35.7% year on year, with a free-cash-flow margin of -28.9%. Where it stands out: stock pay as % of revenue of 0.3% ranks 2 of 36 systems software companies we cover. Where it lags: days sales outstanding of 125 days ranks 28 of 29 systems software companies we cover.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 3.0% while net income grew 82.6%: a 80pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Strengths

  • Fast growth. Revenue grew 35.7% over the last 12 months, against a median of 16.9% for systems software companies we cover.
  • Growth speeding up. The growth rate is 20.3 points higher than a quarter earlier.
  • Margins widening. Operating margin is up 76.2 points on a year ago.
  • Net cash. Cash exceeds long-term debt by $0.1bn.

Things to watch

  • Loss-making. Operating margin is -13.5%: costs exceed revenue.
  • Burning cash. Free cash flow was -28.9% of revenue over the last 12 months.
  • Share dilution. Diluted shares rose 110.6% in a year.
  • Gross margin slipping. Gross margin is down 16.5 points on a year ago.
  • Below peers: days sales outstanding. Days sales outstanding of 125 days ranks 28 of 29 systems software companies we cover (median 72 days).
  • Heavily shorted. 22.0% of the shares available to trade are sold short (7.0 days of average volume to cover).

Latest results

Earnings per share
-$0.40 against an average estimate of $0.27: missed by 250.9%
Next report
November 16, 2026; average EPS estimate -$0.21

Gorilla Technology Group's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-2.8%
  • 1 week-13.3%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$101M
Operating margin
-13.5%
Net margin
-11.1%
EPS (TTM, diluted)
$-0.51

Growth

Revenue growth
+35.7%
Change in growth rate
+20.3 pts
Share count change
+110.6%

Cash

Free cash flow (TTM)
-$29.3M
FCF margin
-28.9%
Stock pay % of revenue
0.3%

News & updates

Updated November 2, 2026

Company announcements, filed results and changes that matter to shareholders.

No recent updates are available for GRRR from the sources we follow. See filings →

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: only 1 valuation models apply; a rating needs 3.

Valuation models

We value Gorilla Technology Group Inc. as an operating company, with every model that fits that kind of business. Cost of equity 10.4%: the 10-year Treasury yield (4.9%) plus a beta of 1.2 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. ~$16 ~$13–$20 Primary model, counts double
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. — Does not apply: no positive earnings in the latest twelve months
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: the model gives no positive value
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Price-to-sales vs peers Sales per share times peers' typical price-to-sales; used only when earnings are negative. — 0 Does not apply: no positive value
Combined value Weighted average of the models that apply: the primary model (revenue-to-maturity model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$16 ~$13–$20 1 model

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Gorilla Technology Group Inc. with Systems Software in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 16, 2026, after the close. Analysts expect revenue of $51m and EPS of −$0.21 (range −$0.30 to −$0.13) for the quarter.

Analysts' consensus

Gorilla Technology Group Inc.: consensus estimates
Fiscal yearEPSGrowthRevenueGrowth
Current −$0.69 −178% $206m +104%
Next −$0.41 +41% $575m +178%

Next year's EPS estimate has moved −115.8% in 90 days, across 2 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −142.9% on 90 days ago. In the last 30 days, 0 analysts raised Gorilla Technology Group Inc.'s forecast and 0 cut it.

Consensus EPS forecast Gorilla Technology Group Inc., last 90 days
−$2.00 −$1.00 $0.00 $1.00 $2.00 $3.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $1.61 Current fiscal year, 60 days ago: $1.61 Current fiscal year, 30 days ago: −$1.01 Current fiscal year, 7 days ago: −$1.01 Current fiscal year, Now: −$0.69 −$0.69 Next fiscal year, 90 days ago: $2.59 Next fiscal year, 60 days ago: $2.59 Next fiscal year, 30 days ago: $1.09 Next fiscal year, 7 days ago: $1.09 Next fiscal year, Now: −$0.41 −$0.41

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $1.61$2.59
60 days ago $1.61$2.59
30 days ago −$1.01$1.09
7 days ago −$1.01$1.09
Now −$0.69−$0.41

Earnings against estimates

Gorilla Technology Group Inc.: reported EPS against the consensus estimate
Quarter toEstimateActualSurprise
Jun 2026 $0.27 −$0.40 −250.9%
Mar 2026 $0.11 −$0.18 −263.6%
Dec 2025 $0.30 $0.35 +16.7%
Sept 2025 $0.26 $0.24 −7.7%

Adjusted EPS as companies report it, against the average analyst estimate.

Analyst recommendations

5 analysts, Nov 2026
Buy5100%
Hold00%
Sell00%

Monthly trend

  1. Nov 202655
  2. Oct 202655
  3. Sep 202644

Counts of recommendations published by analysts covering Gorilla Technology Group Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
22.0%
of tradable shares
Days to cover
6.98
at average volume
Short interest, 1 month
+22%
to October 15, 2026
Held by institutions
23%
of shares
Held by insiders
8.7%
of shares
Employees
193
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

Price behaviour

52-week range
Not enough history
From 52-week high
—
vs 50-day average
—
vs 200-day average
—
Volatility (1 year)
—
Beta vs S&P 500
—

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Gorilla Technology Group Inc. in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Gorilla Technology Group Inc.
$0 $50M $100M $150M FY20 Q4 FY21 Q4 FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 Revenue (TTM), FY20 Q4: $45.4M Revenue (TTM), FY21 Q4: $42.2M Revenue (TTM), FY22 Q4: $22.4M Revenue (TTM), FY23 Q4: $64.7M Revenue (TTM), FY24 Q4: $74.7M Revenue (TTM), FY25 Q4: $101.4M $101.4M

Source: SEC EDGAR filings. Retrieved November 1, 2026.

View chart data
Period Revenue (TTM)
FY20 Q4 $45.4M
FY21 Q4 $42.2M
FY22 Q4 $22.4M
FY23 Q4 $64.7M
FY24 Q4 $74.7M
FY25 Q4 $101.4M
Revenue growth, TTM YoY Gorilla Technology Group Inc.
-100% 0% 100% 200% FY21 Q4 FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 Revenue growth, TTM YoY, FY21 Q4: -7.0% Revenue growth, TTM YoY, FY22 Q4: -47.0% Revenue growth, TTM YoY, FY23 Q4: 188.7% Revenue growth, TTM YoY, FY24 Q4: 15.4% Revenue growth, TTM YoY, FY25 Q4: 35.7% 35.7%

Source: SEC EDGAR filings. Retrieved November 1, 2026.

View chart data
Period Revenue growth, TTM YoY
FY21 Q4 -7.0%
FY22 Q4 -47.0%
FY23 Q4 188.7%
FY24 Q4 15.4%
FY25 Q4 35.7%
Operating margin (TTM) Gorilla Technology Group Inc.
-400% -200% 0% 200% FY20 Q4 FY21 Q4 FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 Operating margin (TTM), FY20 Q4: -12.5% Operating margin (TTM), FY21 Q4: -19.3% Operating margin (TTM), FY22 Q4: -386.0% Operating margin (TTM), FY23 Q4: 26.4% Operating margin (TTM), FY24 Q4: -89.6% Operating margin (TTM), FY25 Q4: -13.5% -13.5%

Source: SEC EDGAR filings. Retrieved November 1, 2026.

View chart data
Period Operating margin (TTM)
FY20 Q4 -12.5%
FY21 Q4 -19.3%
FY22 Q4 -386.0%
FY23 Q4 26.4%
FY24 Q4 -89.6%
FY25 Q4 -13.5%
FCF margin (TTM) Gorilla Technology Group Inc.
-60% -40% -20% 0% FY20 Q4 FY21 Q4 FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 FCF margin (TTM), FY20 Q4: -13.4% FCF margin (TTM), FY21 Q4: -13.9% FCF margin (TTM), FY22 Q4: -52.3% FCF margin (TTM), FY23 Q4: -15.0% FCF margin (TTM), FY24 Q4: -40.4% FCF margin (TTM), FY25 Q4: -28.9% -28.9%

Source: SEC EDGAR filings. Retrieved November 1, 2026.

View chart data
Period FCF margin (TTM)
FY20 Q4 -13.4%
FY21 Q4 -13.9%
FY22 Q4 -52.3%
FY23 Q4 -15.0%
FY24 Q4 -40.4%
FY25 Q4 -28.9%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 20-F. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Gorilla Technology Group Inc.: annual financial statements
Fiscal year 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025
Income
Revenue 45 42 22 65 75 101
Gross profit 19 16 8 45 37 34
EBITDA 3 −8 −79 18 −66 −12
Operating income −6 −8 −87 17 −67 −14
Net income −6 −9 −88 13 −65 −11
Diluted EPS −$0.10 −$1.44 −$8.91 $0.82 −$3.06 −$0.51
Growth (year on year)
Revenue — −7.0% −47.0% +188.7% +15.4% +35.7%
EBITDA — −423.4% — — −458.0% —
Operating income — — — — −492.4% —
Net income — — — — −580.1% —
Diluted EPS — — — — −473.8% —
Margins
Gross margin 40.9% 37.3% 37.2% 69.1% 50.0% 33.4%
EBITDA margin 5.5% −19.2% −352.0% 28.3% −87.8% −12.2%
Operating margin −12.5% −19.3% −386.0% 26.4% −89.6% −13.5%
Net margin −13.0% −20.2% −390.6% 20.9% −86.8% −11.1%
Free-cash-flow margin −13.4% −13.9% −52.3% −15.0% −40.4% −28.9%
Cash flow
Cash from operations −2 2 −9 −9 −30 −29
Capital spending 4 7 3 0 1 1
Free cash flow −6 −6 −12 −10 −30 −29
Stock-based pay 0 0 0 1 1 0
Free cash flow after stock pay −6 −6 −12 −10 −31 −30
Balance sheet
Cash 12 10 23 5 22 100
Total debt 0 36 24 25 21 14
Net debt (negative = net cash) −12 26 1 20 −0 −86
Diluted shares — 6m 10m 15m 21m 22m
Returned to shareholders
Buybacks — — — 0 4 4
Total returned — — — 0 4 4

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

4 of 6 checks passed · December 31, 2025
What it owns · $272m
Short-term assets $234mLonger-term assets $38m
What it owes, and who funded it · $272m
Short-term liabilities $70mLonger-term liabilities $6mShareholders' equity $196m
  • Short-term assets cover short-term liabilities $234m of assets due within a year against $70m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $234m short-term assets against $6m of longer-dated liabilities.
  • More cash than debt $100m of cash against $14m of debt.
  • Debt below 40% of shareholders' equity Debt is 7% of equity.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt −$29m of operating cash flow against $14m of debt.
  • Operating profit covers interest at least five times over Operating income of −$14m against $543,808 of interest.

From Gorilla Technology Group Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2025 Q4 TTM
Buybacks (TTM)
$3.5M
Returned to shareholders
-12%
of free cash flow
Buybacks, last 3 fiscal years
$7.1M
Diluted share count
+110.6%
year over year
Total shareholder yield
1.8%
dividends 0.0% + buybacks 1.8% of market value
R&D spending
3.0%
of revenue
Days sales outstanding
125 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in systems software
Growth, margins and cash generation against peers
Last 12 months unless stated GRRR SVCO SANG ORIO ALAR RDWR Median
Revenue, last 12 months $101m $72m $200m $49m $41m $302m $1.1bn
Revenue growth, last 12 months 35.7% 31.9% −15.5% −5.5% 28.1% 9.8% 16.9%
Gross margin 33.4% 83.1% 70.3% 69.6% 58.5% 80.7% 69.6%
Operating margin −13.5% −35.6% — −3.9% 0.5% 3.8% 3.7%
Operating margin, 3-year average — −53.2% — — −257.7% 2.3% 4.0%
Net margin −11.1% −30.4% −40.5% −12.4% 2.4% 6.7% 2.4%
Cash from operations / revenue −28.3% −46.7% 11.8% −1.4% −4.9% 16.6% 16.6%
Free-cash-flow margin −28.9% −47.2% 11.0% −1.5% −5.3% 13.8% 15.0%
Free-cash-flow margin, 3-year average — −38.6% — −34.7% −200.0% 16.1% 18.8%
Stock pay / revenue 0.3% 16.9% 1.2% 2.6% 8.5% 8.0% 8.2%
Change in share count 110.6% 8.2% −0.8% −1.3% 6.6% 3.1% 2.7%

Median of all 37 companies we cover in systems software. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

37 systems software companies
Measures ranked against peers
Measure Company Peer median Rank
Revenue growth Growth 35.7% 16.9% 6 of 37
Change in growth rate Growth +20.3pp -0.3pp 5 of 37
Gross margin Profitability 33.4% 70.4% 28 of 32
Operating margin Profitability -13.5% 3.8% 25 of 34
Net margin Profitability -11.1% 2.4% 26 of 37
Free-cash-flow margin Cash generation -28.9% 17.3% 28 of 34
Stock pay as % of revenue Cash generation 0.3% 8.5% 2 of 36
Long-term debt as % of assets Balance sheet 1.3% 4.3% 5 of 23
Change in share count Balance sheet 110.6% 3.1% 32 of 34
Days sales outstanding Balance sheet 125 days 72 days 28 of 29

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Reported value
$114M
Institutions reporting
70
Shares held vs prior quarter
▲ 73.6%
Positions opened / closed
28 / 7

Top buyers and sellers, Q2 2026: 46 institutions bought and 22 sold ; the biggest buyer was Mirae Asset Global Etfs Holdings Ltd (+531K shares) and the biggest seller National Bank Of Canada (−307K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
UBS Group AG $16.3M 821K 14.2% ▲ 23.7%
Mirae Asset Global Etfs Holdings Ltd. $10.5M 531K 9.2% New
Driehaus Capital Management LLC $9.2M 462K 8.0% New
State Street Corp $7.3M 368K 6.4% ▲ 17.2%
Blackrock, Inc. $7.2M 360K 6.2% ▲ 47.6%
Legal & General Group PLC $6.9M 347K 6.0% ▲ 148.9%
Osaic Holdings, Inc. $5.4M 274K 4.8% ▲ 48.2%
Citadel Advisors LLC $4.3M 216K 3.8% ▲ 293.1%
Morgan Stanley $3.6M 180K 3.1% ▲ 70.4%
Jane Street Group, LLC $3.5M 177K 3.1% ▲ 47.5%
Sbi Securities Co., Ltd. $3.1M 158K 2.7% ▼ 11.7%
Kennedy Capital Management LLC $2.7M 136K 2.4% New

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Gorilla Technology Group Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Recent insider open-market transactions
Insider Date Trade Shares Price Value
Medeiros Evan S Director April 15, 2026 Sell 12,604 $12.16 $153,265
Medeiros Evan S Director April 14, 2026 Sell 5,186 $12.00 $62,232

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Recent SEC filings

Data status

When each part of this page on Gorilla Technology Group Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Gorilla Technology Group Inc. in brief

What does Gorilla Technology Group Inc. do?
Gorilla Technology Group Inc. is a US-listed company in the systems software industry. Its financial year ends in December.
What is Gorilla Technology Group Inc.'s stock ticker?
Gorilla Technology Group Inc. trades under the ticker GRRR on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Gorilla Technology Group Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Gorilla Technology Group Inc. reported revenue of $101M, 35.7% higher than a year earlier, according to its SEC filings.
What is Gorilla Technology Group Inc.'s free cash flow?
Gorilla Technology Group Inc.'s free-cash-flow margin is -28.9% of revenue over the trailing twelve months, ranking 28 of the 34 systems software companies we cover.
Who are Gorilla Technology Group Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are UBS Group AG, Mirae Asset Global Etfs Holdings Ltd. and Driehaus Capital Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Gorilla Technology Group Inc. buying back stock, and does it pay a dividend?
Gorilla Technology Group Inc. spent $3.5M on share repurchases over the trailing twelve months, and its diluted share count still rose 110.6% over the year.
How much debt does Gorilla Technology Group Inc. have?
Gorilla Technology Group Inc.'s debt-to-equity ratio is 7.0%, from its latest balance sheet. The financial health section below sets out its other solvency checks.
Who are Gorilla Technology Group Inc.'s competitors?
In our Systems Software peer group, the companies closest to Gorilla Technology Group Inc. are Silvaco Group, Inc., Sangoma Technologies Corp, Orion Digital Corp., Alarum Technologies Ltd. and Radware LTD. The side-by-side comparison below sets their revenue, margins and growth against Gorilla Technology Group Inc.'s.
Are insiders buying or selling Gorilla Technology Group Inc. stock?
Over the last 12 months, Gorilla Technology Group Inc.'s directors and officers reported 0 open-market purchases and 2 sales on Form 4. The insider trading page charts every trade.
When is Gorilla Technology Group Inc.'s next earnings date?
Around November 16, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Gorilla Technology Group Inc. announces its own schedule.