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Gogoro (GGR)
NASDAQ:GGR
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Earnings Data
Report Date
May 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
-0.12Same Quarter Last Year
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 12, 2022
|% Change Since: -12.50%
|Next Earnings Date:May 02, 2022
Earnings Call Sentiment|Negative
The earnings call presented a mixed sentiment, with notable subscriber growth and cost management efforts being overshadowed by significant challenges such as Nasdaq noncompliance, a CEO resignation, revenue decline, and increased net loss.Company Guidance
During the Q3 2024 earnings call for Gogoro Inc., the company provided several key updates and metrics regarding its financial performance and strategic direction. Gogoro reported a challenging quarter with total revenue of $86.9 million, reflecting a year-over-year decline of 5.3%. The company ended the quarter with 626,000 accumulated subscribers, contributing to $34.9 million in battery swapping service revenue, which was up 3.8% year-over-year. Gogoro's electric vehicle registrations in Taiwan accounted for 69% of total electric two-wheel vehicle sales. The gross margin decreased to 5.4% from 18.3% in Q3 2023, primarily due to costs related to battery pack upgrades and lower margin contributions from OEM parts. Looking forward, Gogoro adjusted its full-year revenue guidance to between $305 million and $315 million, with expectations for continued margin impacts due to ongoing battery upgrades. The company outlined a three-point plan focused on achieving profitability, enhancing customer experience, and expanding into key international markets, notably India, where a new battery pack factory is nearing completion.Growth in Gogoro Network Subscribers
The Gogoro Network ended the third quarter with 626,000 accumulated subscribers, up from 570,000 at the end of Q3 2023, marking a 9.6% increase.
Battery Swapping Service Revenue Increase
Battery swapping service revenue for the third quarter was $34.9 million, up 3.8% year-over-year and up 6% on a constant currency basis.
Expansion in International Markets
Gogoro is prioritizing expansion in key markets such as India, where they are nearing completion of a battery pack factory. They are also present in South Korea, Singapore, Nepal, Chile, and Colombia.
Cost Management Efforts
The company achieved a reduction in G&A and R&D expenses totaling $4.4 million and is implementing further cost savings initiatives.
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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 |
|---|---|---|---|
| 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% |
| Feb 07, 2024 | $2.14 | $2.15 | +0.47% |
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 05, 2025, TBA Not Confirmed.
What is Gogoro (GGR) earnings time?
Gogoro (GGR) earnings time is at May 05, 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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