Gogoro Inc (NAS:GGR)

Q1 2025 Gogoro Inc Earnings Call Transcript

May 8, 2025 / 12:00 PM GMT

Release Date Price: $5.18 (+2.78%)

Transcript

Key Points

Positve

Gogoro Inc (GGR) 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

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.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

GGR.OQ - Gogoro Inc
Q1 2025 Gogoro Inc Earnings Call
May 08, 2025 / 12:00PM GMT

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Presentation
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Unidentified_1 [1]
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Welcome to the Gogoro in 2025 1st quarter earnings call. This conference call is being recorded and broadcast live on the internet. Webcast replay will be available within an hour after the conference is finished. I'd now like to turn the call over to Gogoro team.

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Unidentified_2 [2]
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Welcome to Go Girls 2025 1st quarter earnings conference call hosted by our interim CEO Henry Jiang and myself, CFO Bruce Aiken.

Hopefully by now you've seen our earnings release. If you haven't, it's available on the investor relations tab of our website, investor.gogoo.com.

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