Gogoro Inc

Gogoro, Inc. engages in the provision of electric scooter and related hardware and battery swapping and energy services. It offers Gogoro S1, Gogoro SuperSport, 2 Series, Gogoro VIVA, and Gogoro VIVA MIX.The company was founded by Horace Luke and Matt Taylor and is headquartered in Taipei, Taiwan.

Earnings data Q1 2022

Earnings data Q2 2022

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Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Gogoro meets Q4 guidance, eyes revenue growth in Taiwan market

Gogoro's Q4 performance in Taiwan and financial results for 2022 were in line with expectations, with a positive outlook for revenue growth in 2023 driven by the Taiwan market.
The company's strengths in sustainability, innovation, and market presence position it well for future growth, despite challenges in financial stability and international expansion.

Gogoro Inc reports Q1 revenue growth and strategic expansion plans

Gogoro Inc's Q1 performance showcased revenue growth and international expansion plans, with a focus on sustainability and innovation. While facing challenges in maintaining margins and market share, the company is strategically positioned to capitalize on growth opportunities in new markets and technology partnerships.

Gogoro reports solid Q2 results, eyes global expansion opportunities

Gogoro's Q2 performance showed revenue growth and improved profitability, despite challenges in Taiwan sales.
The company's strengths lie in sustainability focus, global expansion plans, and innovative battery usage strategies.
Challenges include macroeconomic conditions, competition, and the need for effective network expansion strategies.
Opportunities in partnerships, battery utilization, and market growth present avenues for revenue diversification and market expansion.

Gogoro reports Q3 revenue decline but eyes international growth opportunities

Gogoro Inc's Q3 performance reflects a mixed picture with revenue decline but improved margins and EBITDA. The company's unique focus on smart swappable power and international expansion bode well for future growth. Overcoming market challenges and leveraging key collaborations are critical for sustained success.

Gogoro Inc. reports robust earnings, eyes global expansion and tech innovation

Gogoro Inc. posts strong financial performance in Q4 2023, eyes international expansion and innovation in battery technology. Challenges include market dynamics and regulatory uncertainties, while opportunities lie in strategic partnerships and technological advancements.

Gogoro reports Q1 revenue decline, eyes growth through innovation

Gogoro's Q1 performance reflects revenue decline, but strategic initiatives like new vehicle launches and partnerships position the company for growth.
While facing challenges in margin decline and operational efficiency, Gogoro aims to drive profitability through cost controls and addressing backlog orders.
Opportunities in revenue diversification through partnerships and exploring new applications for their battery technology offer avenues for future growth and market expansion.
Overall, Gogoro's focus on innovation, market expansion, and cost management underscores a strategic approach to navigating challenges and seizing growth opportunities.

Gogoro reports Q2 revenue growth amidst margin challenges and expansion

Gogoro Inc. navigated challenges in Q2 with a focus on long-term growth and expansion, adjusting full-year revenue guidance to $320-345 million.
Despite a decline in gross margin to 5.2%, the company showcased strengths in innovative solutions, partnerships, and market share growth in Taiwan.
International expansion efforts and strategic market penetration in India present opportunities for revenue diversification and sustained growth.

Gogoro Inc navigates challenges, focuses on growth and profitability

Despite facing challenges in Q3 2024, Gogoro remains focused on strategic growth initiatives to drive profitability and enhance customer experience. The company's financial results reflect a mixed performance with areas for improvement, but also show resilience in adjusted EBITDA.

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MIT Technology Review's new '15 Climate Tech Companies to Watch' list highlights businesses around the world that its editors think could have the greatest potential to substantially reduce greenhouse-gas emissions or  address the threats of global warming. CAMBRIDGE, Mass.

MIT TECHNOLOGY REVIEW RECOGNIZES GOGORO AS A TOP CLIMATE TECH COMPANY TO WATCH

With soft demand, Gogoro's performance remains mediocre. The near-term looks challenging both at home and abroad. GGR does have the capacity to push through.

Gogoro: More Of The Same Challenges, For Now

Gogoro Inc. (NASDAQ:GGR ) Q2 2023 Earnings Conference Call August 10, 2023 8:00 AM ET Company Participants Bruce Aitken - Chief Financial Officer Michael Bowen - ICR Horace Luke - Chief Executive Officer Conference Call Participants Angelina Chen - JPMorgan Operator Welcome to the Gogoro Inc. 2023 Q2 Earnings Call. This session will be recorded.

Gogoro Inc. (GGR) Q2 2023 Earnings Call Transcript

TAIPEI, Taiwan , Aug. 10, 2023 /PRNewswire/ -- Gogoro Inc. (Nasdaq: GGR), a global technology leader in battery swapping ecosystems that enable sustainable mobility solutions for cities, today released its financial results for its second quarter ended June 30, 2023. Second Quarter 2023 Summary Revenue of $87.2 million, down 3.8% year-over-year and up 0.2% on a constant currency basis Battery swapping service revenue of $33.3 million, up 9.6% year-over-year and up 14.2% on a constant currency basis Gross margin of 15.2%, up from 14.0% in the same quarter last year.

Gogoro Releases Second Quarter 2023 Financial Results

The Vehicle, Merchandise and Accessories Collaboration is part of Gogoro and MUJI's Joint "Recycling for Good" Sustainability Initiative that Enables the Public to Recycle Polypropylene Plastic (PP) Waste for use  in the new Gogoro MUJI Smartscooters. TAIPEI , July 31, 2023 /PRNewswire/ -- Gogoro Inc. (Nasdaq: GGR), a global technology leader in battery swapping ecosystems that enable sustainable mobility solutions for cities, today announced a collaboration with Japanese designer Naoto Fukasawa and MUJI, the Tokyo-based consumer goods and lifestyle company.

MUJI, Gogoro and Naoto Fukasawa Collaborate on New Gogoro Smartscooters and a New Range of Merchandise and Accessories

TAIPEI , July 27, 2023 /PRNewswire/ -- Gogoro® Inc. (Nasdaq: GGR), a global technology leader in battery swapping ecosystems that enable sustainable mobility solutions for cities, today announced that it will release its financial results for the quarter ended June 30th, 2023, before markets open on August 10th, 2023. Gogoro's management team will hold an earnings Webcast at 8:00 a.m.

Gogoro to Announce Second Quarter 2023 Financial Results on August 10th at 8 a.m. Eastern Time

Maharashtra's Ultra Mega Project Offer Outlines an Eight Year Phase 1 Investment Plan that Includes More Than $500 Million Investment in Manufacturing and $1 Billion in Smart Battery Infrastructure Deployment by Gogoro supported by Financial Incentives and Reimbursements by the State of Maharashtra. The Project Would be One of the Largest EV Investments in India's History and Follows an MOU Announcement at Davos in January 2023.

India's State of Maharashtra and Gogoro to Partner On 'Ultra Mega Project' to Manufacture and Deploy Smart Battery Infrastructure that Would Exceed $1.5 Billion Over Eight Years

Gogoro and Far EasTone Telecom's Smart Traffic Signal UPS to be rolled out in Taipei City's busiest intersections. Smart Traffic Signal UPS to utilize Gogoro Smart Batteries to enhance traffic safety by enabling continuous operation of traffic lights during power outages.

Gogoro Continues Smart City Commercialization with Deployment of Smart Traffic Signals in Partnership with Taipei City

Some near-term catalysts to drive domestic ePWT / electric-powered two-wheeler sales recovery for Gogoro in Q2 and beyond. Despite risks, Gogoro is very well-positioned to capture a lot of the transition opportunities to ePWT in Taiwan and overseas.

Gogoro: Domestic Dominance To Continue Fueling Near-Term Growth

Bikebank's New Dotstation Electric Mobility Brand Will be both Consumer-facing and Sell Vehicles and Battery Swapping Services Back to Bikebank for its B2B Last Mile Deliveries. SEOUL, South Korea , May 24, 2023 /PRNewswire/ -- Gogoro Inc. (Nasdaq: GGR), a global technology leader in battery swapping ecosystems that enable sustainable mobility solutions for cities, today announced it was expanding its partnership with Bikebank in Korea.

Gogoro Expands Partnership with Bikebank's New Dotstation Brand, Launching Smartscooters and Battery Swapping for Consumers in Eight Cities across Korea

Gogoro Inc. (NASDAQ:GGR ) Q1 2023 Earnings Conference Call May 11, 2023 8:00 AM ET Company Participants Bruce Aitken – Chief Financial Officer Michael Bowen – ICR Horace Luke – Chief Executive Officer Conference Call Participants Alice Chan – UBS Operator Welcome to the Gogoro Inc. 2023 Q1 Earnings Call. This session will be recorded.

Gogoro Inc. (GGR) Q1 2023 Earnings Call Transcript

TAIPEI, Taiwan , May 11, 2023 /PRNewswire/ -- Gogoro Inc. (Nasdaq: GGR), a global technology leader in battery swapping ecosystems that enable sustainable mobility solutions for cities, today released its financial results for its first quarter ended March 31, 2023. First quarter revenue of $79.3 million, down 16.0% year-over-year and down 8.8% on a constant currency basis First quarter battery swapping revenue of $32.3 million, up 9.8% year-over-year and up 19.2% on a constant currency basis First quarter net loss of $40.6 million, up from a net loss of $21.7 million in the same quarter last year First quarter adjusted EBITDA of $10.6 million, down from $13.5 million in the same quarter last year "Our performance in the first quarter of 2023 is in line with expectations and reflects seasonally lower volume and revenue we usually see in Taiwan during the first quarter.

Gogoro Releases First Quarter 2023 Financial Results

TAIPEI, Taiwan , May 10, 2023 /PRNewswire/ -- Gogoro Inc. (Nasdaq: GGR), a global technology leader in battery swapping ecosystems that enable sustainable mobility solutions for cities, today announced that it will hold its 2023 Annual General Meeting of Shareholders (the "AGM") at Building C, No. 225, Sec. 2, Chang'an E.

Gogoro to Hold Annual General Meeting on May 30, 2023

TAIPEI, Taiwan , April 27, 2023 /PRNewswire/ -- Gogoro® Inc. (Nasdaq: GGR), a global technology leader in battery swapping ecosystems that enable sustainable mobility solutions for cities, today announced that it will release its financial results for the quarter ended March 31st, 2023, before markets open on May 11th, 2023. Gogoro's management team will hold an earnings Webcast at 8:00 a.m.

Gogoro to Announce First Quarter 2023 Financial Results on May 11th at 8 a.m. Eastern Time

Companies launch Gogoro Smartscooters® and Battery-Swapping pilot in Metro Manila, announce public availability by Q4 2023 MANILA, Philippines , April 24, 2023 /PRNewswire/ -- Leading Filipino digital solutions platform Globe Group's 917Ventures, top Philippine conglomerate Ayala Corporation, and Gogoro Inc., (Nasdaq: GGR), a global technology leader in battery-swapping ecosystems that enable sustainable mobility solutions for cities, today launched Gogoro Smartscooters® and battery-swapping in the Philippines. In ceremonies at Globe's headquarters, the three companies also announced Gogoro's public availability in Metro Manila by Q4 2023.

GLOBE GROUP'S 917VENTURES, AYALA CORP AND GOGORO INTRODUCE NEW ERA OF SUSTAINABLE TRANSPORT IN THE PHILIPPINES

Taiwanese two-wheeler battery swapping company Gogoro has a plan to give energy back to Taiwan's electrical grid and make money while doing it. The company is partnering with Enel X, an energy services provider, to integrate 2,500 of its GoStations in Taiwan into Enel X's Virtual Power Plant (VPP).

Gogoro's battery swapping stations in Taiwan are now virtual power plants

The first commercial deployment of this technology in the world, the companies have deployed nearly 1,300 GoStations for Virtual Power Plant (VPP) participation this month, and plan to activate more than 1,200 additional GoStations by mid-2023. Gogoro's participation in Enel X's Taiwan VPP includes the dynamic pausing of Gogoro Network energy grid usage as well as sending energy to the grid as needed.

GOGORO AND ENEL X ACCELERATE TAIWAN'S ENERGY TRANSITION WITH INTEGRATION OF VIRTUAL POWER PLANT AND 2,500 BATTERY SWAPPING STATIONS ACROSS 1,000+ LOCATIONS

The first of its kind in India, the three-way partnership will introduce a vehicle purchase program that provides affordable loan terms for delivery partners onboarded with Zomato and enables them to embrace the efficiencies that electric two-wheel vehicles and Gogoro battery swapping enable. DELHI , March 28, 2023 /PRNewswire/ -- Gogoro Inc. (Nasdaq: GGR), a global technology leader in battery swapping ecosystems that enable sustainable mobility solutions for cities, today announced a partnership with Zomato, one of the largest food ordering and delivery platforms in India, and Kotak Mahindra Prime Limited, a subsidiary of Kotak Mahindra Bank Limited.

Gogoro, Zomato and Kotak Mahindra Prime Partner in India to Accelerate Ownership of Electric Two-wheel Vehicles by Last Mile Delivery Partners

Gogoro is partnering with Foodpanda in Singapore, the latest B2B play from the battery swapping company aimed at global expansion.

Gogoro scales battery swapping to new markets via B2B partners

The first-of-its-kind collaboration accelerates push to a greener and more sustainable future and is focused on accelerating the adoption of sustainable mobility in last mile deliveries in Singapore. SINGAPORE , March 23, 2023 /PRNewswire/ -- Gogoro Inc. and Cycle & Carriage Singapore (C&C) announced a partnership with leading food delivery platform foodpanda in a battery swapping pilot that will support smart electric two-wheel vehicles for last mile deliveries in Singapore.

FOODPANDA PARTNERS WITH GOGORO AND CYCLE & CARRIAGE SINGAPORE ON ELECTRIC TWO-WHEEL VEHICLE BATTERY SWAPPING PILOT IN SINGAPORE

Gogoro Inc.'s Q4 2022 revenues declined by 20.8% year-on-year to $95.5 million while the gross margin shrank to 15%. In my view, the Gogoro revenue outlook for 2023 is underwhelming and short selling seems viable as the short borrow fee rate is below 12%.

Gogoro's Growth Has Stalled And I'm Turning Bearish (Rating Downgrade)

Gogoro Inc. (NASDAQ:GGR ) Q4 2022 Earnings Conference Call February 16, 2023 7:00 AM ET Company Participants Bruce Aitken - CFO Michael Bowen - ICR Horace Luke - CEO Conference Call Participants Operator Welcome to the Gogoro Inc. Q4 Earnings Call. This session will be recorded.

Gogoro Inc. (GGR) Q4 2022 Earnings Call Transcript

The Impact Report Summarizes Gogoro's Commitments and Progress in Four  Key Strategic Areas: Cleaner Planet, Safety & Resilience, Responsible Business and Social Impact. TAIPEI, Taiwan , Feb. 16, 2023 /PRNewswire/ -- Gogoro Inc. (Nasdaq: GGR), a global technology leader in battery swapping ecosystems that enable sustainable mobility solutions for cities, today released its first Impact Report.

Gogoro Releases First Impact Report, Highlights Sustainable Contributions, and Outlines Key Goals for The Future

TAIPEI, Taiwan , Feb. 16, 2023 /PRNewswire/ -- Gogoro Inc. (Nasdaq: GGR), a global technology leader in battery swapping ecosystems that enable sustainable mobility solutions for cities, today released its financial results for its fourth quarter and twelve months ended December 31, 2022. Fourth quarter revenue of $95.5 million, down 20.8% year-over-year and down 10.5% on a constant currency basis; Full year revenue of $382.8 million, up 4.6% year-over-year and up 11.7% on a constant currency basis Fourth quarter network revenue of $31.4 million, up 19.5% year-over-year and up 34.6% on a constant currency basis; Full year network revenue of $121.6 million, up 22.2% year-over-year and up 30.3% on a constant currency basis Fourth quarter net loss of $12.5 million, down from a net loss of $14.2 million in the same quarter last year; Full year net loss of $98.9 million, up from a net loss of $67.4 million last year Fourth quarter adjusted EBITDA of $9.2 million, down from $25.5 million in the same quarter last year; Full year adjusted EBITDA of $41.2 million, down from $54.9 million last year "We met our updated 2022 full year financial results, despite the macroeconomic climate, and continued to experience strong growth in our Gogoro Network business.

Gogoro Releases Fourth Quarter and Full Year 2022 Financial Results

TAIPEI, Taiwan , Jan. 26, 2023 /PRNewswire/ -- Gogoro® Inc. (Nasdaq: GGR), a global technology leader in battery swapping ecosystems that enable sustainable mobility solutions for cities, today announced that it will release its financial results for the quarter and twelve months ended December 31st, 2022, before markets open on February 16th, 2023. Gogoro's management team will hold an earnings Webcast at 7:00 a.m.

News for Gogoro Inc Stock (GGR)