Overview

* Gogoro ( GGR ) 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 ( GGR ) 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 ( GGR ) 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/Mis Actual Consensu

s s

Estimate

Q2 $65.81

Operatin mln

g

Revenue

Q2 EPS -$0.09

Q2 Net -$26.53

Income mln

Q2 Gross $222,000

Profit

Q2 -$23.47

Income mln

from

Operatio

ns

Q2 $23.69

Operatin mln

g

Expenses

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:

(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.)