Gorilla Technology receives a first-time B- credit rating
Fitch highlights strong earnings visibility and deleveraging potential driven by expanding AI infrastructure projects across South and Southeast Asia.
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Artificial intelligence and smart infrastructure solutions provider
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In short: Gorilla reported a near doubling of H1 revenue to $78.4 million and raised its full-year guidance while securing major AI contracts.
Fitch highlights strong earnings visibility and deleveraging potential driven by expanding AI infrastructure projects across South and Southeast Asia.
The company raised its full-year forecast to at least $200 million while strengthening its cash position to $179.4 million through financing and customer collections.
Expanding Southeast Asia presence to boost customer success, business development, and capabilities in AI infrastructure and smart cities.
Recent capital raising supports signed AI infrastructure programmes; Yotta deployments ahead of schedule.
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