Battery swapping firm Gogoro's Q3 revenue falls 10.6% amid Taiwan market contraction

Reuters11-11
Battery swapping firm <a href="https://laohu8.com/S/GGR">Gogoro</a>'s Q3 revenue falls 10.6% amid Taiwan market contraction

Overview

  • Gogoro Q3 revenue falls 10.6% yr/yr amid Taiwan market contraction

  • Net loss for Q3 narrows to $14.9 mln from $18.2 mln last year

  • Adjusted EBITDA for Q3 rises to $20.2 mln, reflecting operational efficiency

Outlook

  • Company expects full-year 2025 revenue between $270 mln and $285 mln

  • Gogoro anticipates Taiwan two-wheeler market to underperform in 2025

  • Company plans new vehicle launches and battery improvements in 2026

Result Drivers

  • MARKET CONTRACTION - Taiwan's two-wheeler market contracted, affecting vehicle sales and overall revenue, but Gogoro maintained strong non-IFRS profitability

  • GROSS MARGIN IMPROVEMENT - Improved inventory and supply chain management led to a significant increase in gross margin

  • PRODUCT EXPANSION - Launch of EZZY and EZZY 500 models broadened market reach and are expected to boost sales growth and margins in 2026

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Operating Revenue

$77.65 mln

Q3 EPS

-$1.01

Q3 Net Income

-$14.94 mln

Q3 Gross Profit

$9.49 mln

Q3 Income from Operations

-$13.49 mln

Q3 Operating Expenses

$22.98 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:nPn9PsG1la

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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