Gogoro Releases Third Quarter 2024 Financial Results [Yahoo! Finance]
Gogoro Inc. - Ordinary Shares (GGR)
Company Research
Source: Yahoo! Finance
ecosystems that enable sustainable mobility solutions for cities, today released its financial results for its third quarter ended September 30, 2024 Third Quarter 2024 Summary Revenue of $86.9 million , down 5.3% year-over-year and down 3.4% on a constant currency basis. Battery swapping service revenue of $34.9 million , up 3.8% year-over-year and up 6.0% on a constant currency basis. Sales of hardware and others revenue of $52.0 million , down 10.6% year-over-year and down 8.8% on a constant currency basis. Our newest vehicles continue to be in high demand with approximately 3,800 backlog orders in the third quarter; these backlog orders in the third quarter will not be recognized as revenue until vehicles are delivered, which is expected to occur in the fourth quarter of 2024. Gross margin of 5.4%, down from 18.3% in the same quarter last year. Non-IFRS gross margin of 14.7%, down 4.5% year-over-year. N et loss of $18.2 million as compared to a net loss of $3.1 milli
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News
- Gogoro Earns Frost & Sullivan's 2024 Global Company of the Year Award for Pioneering Sustainable Urban Mobility with Groundbreaking Battery-swapping Platform and Ecosystem [Yahoo! Finance]Yahoo! Finance
- Gogoro Inc. Investors: Company Investigated by the Portnoy Law FirmGlobeNewswire
- $1.2 Billion Electric Scooter Motors Industry Forecast, 2030: Regional Markets Analysis, Trends & Opportunities, Case Studies, Ecosystem & Supply Chain, Pricing, Competition and More [Yahoo! Finance]Yahoo! Finance
- Gogoro Inc. (NASDAQ: GGR) had its "hold" rating re-affirmed by analysts at Benchmark Co..MarketBeat
- Gogoro Inc. (NASDAQ: GGR) had its "neutral" rating re-affirmed by analysts at Citigroup Inc.. They now have a $0.50 price target on the stock, down previously from $2.30.MarketBeat
GGR
Earnings
- 2/7/24 - Miss
GGR
Sec Filings
- 11/14/24 - Form 6-K
- 11/1/24 - Form 6-K
- GGR's page on the SEC website