Recent News
On July 21, 2025 Gorilla announced a confidential, non‑monetary settlement resolving its litigation with Culper Research. The company stated the settlement follows its April 30 filing and subsequent disclosures.
On July 21, 2025 reporting outlets covered Titan Partners Group’s role facilitating a $105 million equity placement for Gorilla, highlighting a registered direct offering executed at $17.50 per share and participation from a new institutional investor.
Technical Analysis
ADX / DI+ / DI-: ADX at 18.38 indicates no established trend; directional indicators show bearish pressure because DI+ displays a peak-and-reversal and DI- shows a dip-and-reversal, both consistent with near-term selling pressure and weakening directional momentum.
MACD: MACD sits near 0.02 below the signal line at 0.26 with a peak-and-reversal pattern, indicating bearish momentum and that short-term momentum declined relative to the recent signal average.
MRO (Momentum/Regression Oscillator): MRO at 25.42 sits positive and in a peak-and-reversal phase, signaling price above model-based targets and increasing probability of mean reversion downward toward valuation-based levels.
RSI: RSI at 49.42 with a peak-and-reversal points to fading buying momentum and a tilt toward weakness rather than oversold strength.
Price vs Moving Averages and Bands: Current close at $17.38 falls below the 20‑day average of $18.99, the 50‑day average of $18.16 and the 200‑day average of $19.81, with the 12‑day EMA showing a peak-and-reversal. Price lies below the 1× standard‑deviation lower Bollinger band ($17.92), reinforcing downside vulnerability against recent volatility.
Volatility & Participation: Elevated beta (42‑day 2.18; 52‑week 2.09) signals outsized sensitivity to market moves. Trading volume of 1.73M registers below the 10‑day and 200‑day averages, indicating lower participation during the recent price move and reduced conviction among larger traders.
Fundamental Analysis
Profitability: EBITDA stands negative at -$3,950,723 and EBIT negative at -$4,286,883, producing an EBIT margin of -20.35%. That EBIT margin sits well below the industry peer mean of 32.21% and industry peer median of 19.82%, and below the industry peer range low of -150.65% to high of 78.83%—a material deficit that pressures valuation given current price multiples.
Margins And Growth: Gross margin at 33.42% contrasts with the industry peer mean of 64.09% and median of 75.66%, while operating margin at 10.26% also sits below the industry peer mean of 30.86% and median of 18.71%. YoY and QoQ margin dynamics show volatility: reported EBIT margin QoQ improved by 3.03% but the year‑over‑year change reads -169.29%, indicating large base effects and episodic swings in profitability metrics.
Revenue & Receivables: Total revenue registers at $21,066,840. Reported revenue growth metrics include a revenue growth value of 15.38% and a revenue growth year‑over‑year figure of -122.84%, reflecting divergent period comparisons; receivables turnover at 0.61 and days sales outstanding near 150 days highlight working capital tied up in collections.
Liquidity & Capital Structure: Cash on hand totals $10,110,206 with cash and short‑term investments at $10,111,206; current ratio equals 2.16 versus an industry peer mean of 1.28. Debt to assets at 11.54% stays below the peer mean of ~30.99%, and long‑term debt remains modest relative to total capital, but operating cash flow and free cash flow remain negative (operating cash flow -$1,858,645; free cash flow -$1,950,342), pressuring near‑term funding flexibility absent continued capital support.
Earnings Per Share: Reported EPS actual $0.06 versus estimate $0.13 produced an EPS surprise ratio of -53.85%, signaling the most recent quarter fell short of consensus profitability expectations.
Valuation Metrics: Price multiples show elevated market expectations: trailing P/E approximately 311.8, forward P/E ~254.0, P/B 4.19 and P/S 19.54. WMDST values the stock as over-valued given negative operating earnings, thin cash flow conversion, and multiples priced for markedly higher profitability than current fundamentals support.
Earnings And Operational Updates: First‑half operational disclosures and filings referenced execution progress and balance‑sheet actions that include a $105M capital raise and an expanded project pipeline; those items affect funding for bid bonds and contract delivery but do not alter the present mismatch between high market multiples and negative operating earnings.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-06-30 |
| REPORT DATE: | 2025-08-14 |
| NEXT REPORT DATE: | 2025-12-17 |
| CASH FLOW | Begin Period Cash Flow | $ 20.8 M |
| Operating Cash Flow | $ -1.86 M | |
| Capital Expenditures | $ -91.70 K | |
| Change In Working Capital | $ -3.11 M | |
| Dividends Paid | — | |
| Cash Flow Delta | $ -10.70 M | |
| End Period Cash Flow | $ 10.1 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 21.1 M | |
| Forward Revenue | $ -2.08 M | |
| COSTS | ||
| Cost Of Revenue | $ 14.0 M | |
| Depreciation | $ 172.7 K | |
| Depreciation and Amortization | $ 336.2 K | |
| Research and Development | $ 655.9 K | |
| Total Operating Expenses | $ 18.9 M | |
| PROFITABILITY | ||
| Gross Profit | $ 7.0 M | |
| EBITDA | $ -3.95 M | |
| EBIT | $ -4.29 M | |
| Operating Income | $ 2.2 M | |
| Interest Income | $ 614.5 K | |
| Interest Expense | $ 138.7 K | |
| Net Interest Income | $ 475.8 K | |
| Income Before Tax | $ -4.43 M | |
| Tax Provision | $ -480.81 K | |
| Tax Rate | 10.864 % | |
| Net Income | $ -3.94 M | |
| Net Income From Continuing Operations | $ -4.43 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.13 | |
| EPS Actual | $ 0.06 | |
| EPS Difference | $ -0.07 | |
| EPS Surprise | -53.846 % | |
| Forward EPS | $ 0.08 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 162.7 M | |
| Intangible Assets | $ 2.7 M | |
| Net Tangible Assets | $ 95.5 M | |
| Total Current Assets | $ 125.4 M | |
| Cash and Short-Term Investments | $ 10.1 M | |
| Cash | $ 10.1 M | |
| Net Receivables | $ 43.8 M | |
| Inventory | — | |
| Long-Term Investments | $ 1.9 M | |
| LIABILITIES | ||
| Accounts Payable | $ 30.5 M | |
| Short-Term Debt | $ 13.9 M | |
| Total Current Liabilities | $ 58.1 M | |
| Net Debt | $ 8.0 M | |
| Total Debt | $ 18.8 M | |
| Total Liabilities | $ 64.6 M | |
| EQUITY | ||
| Total Equity | $ 98.2 M | |
| Retained Earnings | $ -156.74 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 4.33 | |
| Shares Outstanding | 20.139 M | |
| Revenue Per-Share | $ 0.93 | |
| VALUATION | Market Capitalization | $ 411.6 M |
| Enterprise Value | $ 420.3 M | |
| Enterprise Multiple | -106.389 | |
| Enterprise Multiple QoQ | -9.31 % | |
| Enterprise Multiple YoY | -1823.963 % | |
| Enterprise Multiple IPRWA | high: 346.433 mean: 104.241 median: 102.408 GRRR: -106.389 low: -175.864 |
|
| EV/R | 19.951 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.658 | |
| Asset To Liability | 2.521 | |
| Debt To Capital | 0.161 | |
| Debt To Assets | 0.115 | |
| Debt To Assets QoQ | -5.788 % | |
| Debt To Assets YoY | -48.891 % | |
| Debt To Assets IPRWA | high: 1.413 median: 0.361 mean: 0.31 GRRR: 0.115 low: 0.006 |
|
| Debt To Equity | 0.191 | |
| Debt To Equity QoQ | -0.131 % | |
| Debt To Equity YoY | -60.259 % | |
| Debt To Equity IPRWA | high: 3.312 median: 1.943 mean: 1.484 GRRR: 0.191 low: -1.636 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 4.193 | |
| Price To Book QoQ | 7.438 % | |
| Price To Book YoY | 291.283 % | |
| Price To Book IPRWA | high: 18.53 mean: 9.406 median: 8.649 GRRR: 4.193 low: -6.216 |
|
| Price To Earnings (P/E) | 311.81 | |
| Price To Earnings QoQ | -473.085 % | |
| Price To Earnings YoY | 160.586 % | |
| Price To Earnings IPRWA | GRRR: 311.81 high: 263.847 median: 129.079 mean: 124.424 low: -161.471 |
|
| PE/G Ratio | -2.473 | |
| Price To Sales (P/S) | 19.54 | |
| Price To Sales QoQ | -8.218 % | |
| Price To Sales YoY | 800.186 % | |
| Price To Sales IPRWA | high: 63.641 median: 63.007 mean: 41.136 GRRR: 19.54 low: 0.281 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 254.011 | |
| Forward PE/G | -2.015 | |
| Forward P/S | -175.495 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 1.227 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.132 | |
| Asset Turnover Ratio QoQ | 12.13 % | |
| Asset Turnover Ratio YoY | -42.877 % | |
| Asset Turnover Ratio IPRWA | high: 0.512 mean: 0.151 median: 0.148 GRRR: 0.132 low: -0.019 |
|
| Receivables Turnover | 0.607 | |
| Receivables Turnover Ratio QoQ | -14.748 % | |
| Receivables Turnover Ratio YoY | -57.747 % | |
| Receivables Turnover Ratio IPRWA | high: 11.186 mean: 2.159 median: 1.875 GRRR: 0.607 low: -3.771 |
|
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | 150.337 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | — | |
| Cash Conversion Cycle Days QoQ | — | |
| Cash Conversion Cycle Days YoY | — | |
| Cash Conversion Cycle Days IPRWA | — | |
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 0.313 | |
| CapEx To Revenue | -0.004 | |
| CapEx To Depreciation | -0.531 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 102.3 M | |
| Net Invested Capital | $ 116.3 M | |
| Invested Capital | $ 116.3 M | |
| Net Tangible Assets | $ 95.5 M | |
| Net Working Capital | $ 67.4 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.174 | |
| Current Ratio | 2.16 | |
| Current Ratio QoQ | -12.914 % | |
| Current Ratio YoY | 51.344 % | |
| Current Ratio IPRWA | high: 8.192 GRRR: 2.16 mean: 1.284 median: 1.163 low: 0.102 |
|
| Quick Ratio | — | |
| Quick Ratio QoQ | — | |
| Quick Ratio YoY | — | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | -4.754 | |
| Cost Of Debt | 0.653 % | |
| Interest Coverage Ratio | -30.912 | |
| Interest Coverage Ratio QoQ | 32.853 % | |
| Interest Coverage Ratio YoY | -189.204 % | |
| Interest Coverage Ratio IPRWA | high: 93.455 mean: 28.989 median: 24.959 GRRR: -30.912 low: -85.699 |
|
| Operating Cash Flow Ratio | -0.241 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 204.733 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 4.483 % | |
| Revenue Growth | 15.378 % | |
| Revenue Growth QoQ | -70.953 % | |
| Revenue Growth YoY | -122.843 % | |
| Revenue Growth IPRWA | high: 58.246 % GRRR: 15.378 % median: 11.911 % mean: 10.465 % low: -36.33 % |
|
| Earnings Growth | -126.087 % | |
| Earnings Growth QoQ | — | |
| Earnings Growth YoY | 81.483 % | |
| Earnings Growth IPRWA | high: 200.0 % mean: 20.177 % median: 11.26 % GRRR: -126.087 % low: -261.224 % |
|
| MARGINS | ||
| Gross Margin | 33.42 % | |
| Gross Margin QoQ | -4.778 % | |
| Gross Margin YoY | -43.083 % | |
| Gross Margin IPRWA | high: 91.59 % median: 75.664 % mean: 64.085 % GRRR: 33.42 % low: -33.394 % |
|
| EBIT Margin | -20.349 % | |
| EBIT Margin QoQ | 3.028 % | |
| EBIT Margin YoY | -169.294 % | |
| EBIT Margin IPRWA | high: 78.825 % mean: 32.206 % median: 19.824 % GRRR: -20.349 % low: -150.653 % |
|
| Return On Sales (ROS) | 10.255 % | |
| Return On Sales QoQ | -151.921 % | |
| Return On Sales YoY | -65.079 % | |
| Return On Sales IPRWA | high: 72.429 % mean: 30.856 % median: 18.71 % GRRR: 10.255 % low: -141.554 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ -1.95 M | |
| Free Cash Flow Yield | -0.474 % | |
| Free Cash Flow Yield QoQ | -83.174 % | |
| Free Cash Flow Yield YoY | -92.89 % | |
| Free Cash Flow Yield IPRWA | high: 15.392 % median: 0.849 % mean: 0.658 % GRRR: -0.474 % low: -24.314 % |
|
| Free Cash Growth | -82.192 % | |
| Free Cash Growth QoQ | — | |
| Free Cash Growth YoY | — | |
| Free Cash Growth IPRWA | high: 457.143 % mean: 10.697 % median: -6.308 % GRRR: -82.192 % low: -471.61 % |
|
| Free Cash To Net Income | 0.494 | |
| Cash Flow Margin | -66.305 % | |
| Cash Flow To Earnings | 3.541 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | -2.477 % | |
| Return On Assets QoQ | -15.891 % | |
| Return On Assets YoY | -143.365 % | |
| Return On Assets IPRWA | high: 14.526 % mean: 3.986 % median: 1.79 % GRRR: -2.477 % low: -14.505 % |
|
| Return On Capital Employed (ROCE) | -4.095 % | |
| Return On Equity (ROE) | -0.04 | |
| Return On Equity QoQ | -12.194 % | |
| Return On Equity YoY | -132.997 % | |
| Return On Equity IPRWA | high: 0.169 median: 0.044 mean: 0.039 GRRR: -0.04 low: -0.399 |
|
| DuPont ROE | -3.989 % | |
| Return On Invested Capital (ROIC) | -3.286 % | |
| Return On Invested Capital QoQ | 34.397 % | |
| Return On Invested Capital YoY | -95.946 % | |
| Return On Invested Capital IPRWA | high: 14.374 % mean: 7.287 % median: 4.251 % GRRR: -3.286 % low: -16.5 % |
|