At its Annual General Meeting on May 28, Gogoro (GGR, Financial) secured approval from shareholders for all proposed resolutions. Among the key outcomes, the Board of Directors has been granted discretion to consolidate the company's share capital. This includes both issued and unissued ordinary shares, which have a nominal value of US$0.0001 each. The consolidation can range from no change to a maximum consolidation ratio of 100:1. The board will determine the exact ratio and implementation date within one year of the meeting.
Additionally, shareholders agreed to the cancellation of any fractional shares resulting from the consolidation. These fractions will revert to the pool of authorized but unissued shares. The AGM also authorized the chairman to adjourn the meeting if necessary to gather more proxies in case required votes were lacking. Furthermore, directors and officers of the company received authorization to undertake any necessary actions to implement these resolutions, including updating the company's register and making necessary filings in the Cayman Islands.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 1 analysts, the average target price for Gogoro Inc (GGR, Financial) is $0.50 with a high estimate of $0.50 and a low estimate of $0.50. The average target implies an upside of 102.43% from the current price of $0.25. More detailed estimate data can be found on the Gogoro Inc (GGR) Forecast page.
Based on the consensus recommendation from 1 brokerage firms, Gogoro Inc's (GGR, Financial) average brokerage recommendation is currently 3.0, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Gogoro Inc (GGR, Financial) in one year is $1.77, suggesting a upside of 616.6% from the current price of $0.247. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Gogoro Inc (GGR) Summary page.
GGR Key Business Developments
Release Date: May 08, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
- Gogoro Inc (GGR, Financial) achieved a non-IFRS gross margin of 18.2% in Q1 2025, up from 15.1% in the same quarter last year.
- Operating expenses were reduced by $9.9 million, a 32.1% reduction compared to Q1 2024.
- The company secured a new $61.5 million credit facility, indicating market confidence in its future plans.
- The energy business recorded a 6.2% revenue growth year-over-year, with a total of 644,000 subscribers.
- Gogoro Inc (GGR) launched a new off-peak unlimited mileage plan and a redesigned app, receiving positive market feedback.
Negative Points
- Total revenue dropped by 8.7% year-over-year in Q1 2025.
- Sales of hardware and other revenue decreased by 21.8% year-over-year due to delayed vehicle launches.
- The company transferred its listing from the NASDAQ Global Select Market to the NASDAQ Capital Market, indicating challenges in maintaining compliance.
- The global macro environment, including US market volatility and tariff issues, continues to pressure Gogoro Inc (GGR)'s share price.
- Gross margin may be negatively impacted in the short term due to ongoing battery upgrade initiatives.
