Gogoro Inc Stock Price, News & Analysis

Gogoro Inc. (Nasdaq: GGR) reported its Q4 and full year results for 2022, revealing a quarterly revenue of $95.5 million, a decline of 20.8% year-over-year. Full year revenue increased 4.6% to $382.8 million. Q4 network revenue rose 19.5% to $31.4 million, while net loss narrowed to $12.5 million. The company aims for 2023 revenue between $400 million and $450 million, highlighting the growth potential from key international partnerships. Gogoro's liquidity is strong, with a cash position of $236.1 million and an extended credit facility.

Gogoro Inc. (Nasdaq: GGR) will release its financial results for Q4 and the full year of 2022 on February 16, 2023, before market opening. An earnings Webcast is scheduled at 7:00 a.m. Eastern Time to discuss the financial and business results along with future outlook. Founded in 2011, Gogoro is focused on sustainable urban mobility solutions through innovative battery swapping technology and electric vehicle platforms. The company aims to transform urban energy distribution and consumption, establishing standards for sustainable transportation growth in cities. For more details, visit their website.

Gogoro Inc. (Nasdaq: GGR) has entered a strategic partnership with the Indian State of Maharashtra and Belrise Industries to establish a $2.5 billion battery-swapping infrastructure. This initiative, announced on January 17, 2023, at the World Economic Forum in Davos, aims to create the largest sustainability-focused portable energy system. The partnership plans to deploy smart battery stations across Maharashtra, enhancing smart transportation, energy storage, and job creation in the region. The infrastructure rollout is expected to commence in 2023, marking a significant step towards sustainable urban mobility and energy solutions.

Gogoro Inc. (Nasdaq: GGR) announced it led electric scooter sales in Taiwan for the seventh consecutive year in 2022, with electric scooters accounting for 12% of total sales. The Gogoro Network powered 90% of electric scooters in Taiwan, including five of the top six manufacturers. The report emphasizes growing demand for cleaner transportation options, with Gogoro's battery swapping infrastructure surpassing gas stations in urban areas. The network serves over 524,000 riders, supporting more than 1.1 million smart batteries and achieving over 370 million total battery swaps, reducing CO2 emissions by 250,000 tons.

Gogoro Inc. (Nasdaq: GGR) supports Taiwan's extension of its electric two-wheel vehicle subsidy program for four years, enhancing sustainable transportation efforts. The initiative, revealed by Minister Mei Hua Wang, will allocate $191.5 million from 2023 to 2026 for purchasing electric scooters, installing battery facilities, and transforming traditional shops. Gogoro touts over 1.1 million smart batteries and a network with more daily battery swaps than gas stations, saving over 250,000 tons of CO2 since its launch.

Gogoro Inc. (Nasdaq: GGR) has announced a strategic partnership with Globe's 917Ventures and Ayala Corporation to introduce eco-friendly battery swapping solutions for the last mile delivery industry in the Philippines. The pilot program will launch in Q1 2023 in Manila, utilizing Gogoro's Smartscooters and battery swapping technology. Endorsed by the Philippine government, this initiative aims to enhance sustainability and operational efficiency for local logistics businesses, drawing from successful implementations in Taiwan.

Gogoro Inc. (Nasdaq: GGR) reported third-quarter 2022 financial results, showing revenue of $102.2 million, an increase of 1.5% year-over-year. The Gogoro Network revenue reached $30.4 million, a 17.7% year-over-year increase. The company achieved a net income of $56.4 million, a significant turnaround from a $13.4 million loss in the previous year, aided by favorable financial liabilities changes. However, adjusted EBITDA fell to $9.2 million, down from $15.2 million. Gogoro updated its full-year revenue guidance to $370 million to $390 million due to ongoing macroeconomic headwinds.

Gogoro Inc. (Nasdaq: GGR) has announced a strategic partnership with Zypp Electric to launch a B2B battery swapping pilot in Delhi in December 2022. This initiative aims to electrify last mile delivery fleets in India using Gogoro's proven battery swapping technology, which has facilitated over 350 million battery swaps globally. The partnership aligns with India's goals to promote electric vehicles and reduce pollution, leveraging Gogoro's advanced platform and infrastructure for sustainable logistics.

Gogoro Inc. (Nasdaq: GGR) will release its financial results for Q3 2022 on November 10, 2022, before the market opens. An earnings webcast is scheduled for the same day at 7:00 a.m. Eastern Time to discuss the company's performance and future outlook. Founded in 2011, Gogoro is a leader in sustainable urban mobility solutions, utilizing battery swapping technology and advanced cloud services. With a focus on innovation, the company aims to transform urban energy distribution through smart, sustainable practices.