Business
Gogoro Releases First Quarter 2025 Financial Results
Gogoro Inc. ("Gogoro," "the Company" or "We") (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, 2025.
About this update from Gogoro Inc.
[{"type":"text","content":"TAIPEI, May 8, 2025 /PRNewswire/ -- Gogoro Inc. ("Gogoro," "the Company" or "We") (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, 2025.","length":320,"tagName":"p"},{"type":"image","alt":"Gogoro Logo","displaySize":"","headline":null,"caption":"Gogoro Logo","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":225,"url":"https://media.zenfs.com/en/prnewswire.com/c154892a5b3d2bc639ba85c4f88f373c"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/6stBBYRzWkHAiRZHZxI4pQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTM5NztjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/c154892a5b3d2bc639ba85c4f88f373c","width":400,"height":225}},"href":"https://mma.prnewswire.com/media/395232/Gogoro___Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"First Quarter 2025 Summary","length":26,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Revenue of $63.6 million, down 8.7% year-over-year and down 4.5% on a constant currency basis.","length":94,"tagName":"p"}]},{"val":[{"type":"text","content":"Battery swapping service revenue of $34.5 million, up 6.2% year-over-year and up 11.1% on a constant currency basis.","length":116,"tagName":"p"}]},{"val":[{"type":"text","content":"Sales of hardware and others revenue of $29.1 million, down 21.8% year-over-year and down 18.1% on a constant currency basis.","length":125,"tagName":"p"}]},{"val":[{"type":"text","content":"Gross margin of 4.9%, down from 6.4% in the same quarter last year due to the large quantity of upgraded battery packs. Non-IFRS gross margin of 18.2%, up 3.1% year-over-year.","length":175,"tagName":"p"}]},{"val":[{"type":"text","content":"Net loss of $18.6 million as compared to a net loss of $13.1 million in the same quarter last year.","length":99,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjusted EBITDA of $14.3 million, up from $10.2 million in the same quarter last year.","length":86,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":695,"olType":false},{"type":"text","content":""The word that best describes our efforts over the past two quarters is focus. At Gogoro, we are focused on delivering an exception...