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Gogoro (GGR)
NASDAQ:GGR
Earnings Data
Report Date
May 08, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
―Last Year’s EPS
-0.12Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 13, 2025
|% Change Since: -6.52%
|Next Earnings Date:May 08, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook for Gogoro, with significant strategic shifts and cost reductions aimed at long-term growth and profitability. However, the company faced notable challenges, including a decline in revenue and increased losses. While there were achievements in subscriber growth and market recognition, the overall sentiment remains cautious, balancing both positive strategic moves and current operational difficulties.Company Guidance
During the 2024 Fourth Quarter and Full Year Earnings Call, Gogoro provided several metrics indicating its strategic direction and financial performance. The company reported a full-year revenue of $310.5 million, aligning with its forecast range, and a Q4 revenue of $73 million, marking a 20.2% year-over-year decline. Despite a net loss of $123.2 million for the year, the company achieved an adjusted EBITDA of $46.5 million, a slight increase from the previous year. Gogoro's battery swapping service revenue grew by 4.6% year-over-year, supported by its large subscriber base, which increased to nearly 640,000 by year-end. The company aims for its energy business to break even by 2026 and generate free cash flow by 2027, while the vehicle business is expected to break even by 2028. Additionally, Gogoro anticipates reducing its fixed spending from $120 million in 2024 to $82 million in 2025. The company is also focusing on international expansion, with 95% of its revenue still coming from Taiwan, and plans to enhance its energy storage solutions, projecting a 26% increase in R&D spending in 2025.Growth in Subscription Business
Gogoro ended the fourth quarter with nearly 640,000 accumulated subscribers, up from 587,000 at the end of the same quarter last year. Battery swapping business revenue surpassed vehicle sales for the first time in Q4 2024.
Strategic Shift and Cost Reduction
Implemented a strategic shift towards energy business with R&D spending increased by 26% for energy initiatives. Significant reduction in fixed spending budget by more than 32%, from $120 million in 2024 to $82 million in 2025.
Recognition and Awards
Received global accolades such as Asia Pacific's #1 most Innovative Company by Fast Company, Change the World list by Fortune, and Global Battery Swapping Company of the Year by Frost & Sullivan.
Strong Market Position
Maintained a 72% market share in electric scooters despite a contraction in the overall 2-wheel market. International expansion with new services launched in Colombia, Singapore, and Nepal.
Adjusted EBITDA Increase
Adjusted EBITDA for 2024 was $46.5 million, a slight increase from 2023, reflecting cost optimizations and strategic realignments.
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GGR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GGR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 13, 2025 | $0.46 | $0.42 | -8.70% |
| Nov 14, 2024 | $0.48 | $0.48 | 0.00% |
| Aug 15, 2024 | $1.29 | $1.27 | -1.55% |
| May 09, 2024 | $1.71 | $1.68 | -1.75% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Gogoro (GGR) report earnings?
Gogoro (GGR) is schdueled to report earning on May 08, 2025, TBA Not Confirmed.
What is Gogoro (GGR) earnings time?
Gogoro (GGR) earnings time is at May 08, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GGR EPS forecast?
Currently, no data Available
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