Gogoro Q2 revenue down 18.7%, net loss widens
Overview
Gogoro Q2 revenue falls 18.7% yr/yr amid delayed product launches
Battery swapping service revenue rises 8.5% yr/yr, driven by subscriber growth
Net loss widens to $26.5 mln from $20.1 mln last year
Outlook
Gogoro expects full-year revenue at low-end of $295 mln to $315 mln
Company anticipates Taiwan two-wheeler market to remain subdued in 2025 vs 2024
Gogoro sees 95% of 2025 revenue from Taiwan market
Company expects gross margin pressure from battery upgrades through 2025
Result Drivers
PRODUCT LAUNCH DELAYS - Revenue impacted by delayed launch of new vehicle EZZY, affecting sales volume
SUBSCRIBER GROWTH - Battery swapping service revenue increased due to larger subscriber base and high retention rate of subscribers
COST SAVINGS - $11 mln saved in operating expenses in first half of 2025 compared to 2024
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Operating Revenue |
| $65.81 mln |
|
Q2 EPS |
| -$0.09 |
|
Q2 Net Income |
| -$26.53 mln |
|
Q2 Gross Profit |
| $222,000 |
|
Q2 Income from Operations |
| -$23.47 mln |
|
Q2 Operating Expenses |
| $23.69 mln |
|
Analyst Coverage
The one available analyst rating on the shares is "hold"
The average consensus recommendation for the recreational products peer group is "buy."
Press Release: ID:nPn1ms4Mja
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