Core Insights - Gogoro Inc. has appointed Henry Chiang as the official CEO, effective immediately, after serving as interim CEO since September 2024 [1][2] - The board believes Henry's leadership will drive Gogoro's turnaround and align with the company's growth strategy [2] - Under Henry's interim leadership, Gogoro improved operating cash flow from $4.8 million in H1 2024 to $15.2 million in H1 2025, while reducing operating expenses by approximately $11 million year-over-year [2] Company Performance - Gogoro expects to achieve profitability on a non-IFRS basis in its energy business by 2026 and in its vehicle business by 2028 [2] - The company plans to generate free cash flow from energy operations in 2027 [2] - In 2025, Gogoro launched three new electric scooter models: Pulse STARLUX, EZZY, and EZZY 500, enhancing its market position [2] Leadership and Strategy - Henry Chiang has a strong background in the industry, previously leading GoShare and launching customer engagement initiatives at Gogoro [2] - His leadership has focused on operational efficiency, innovation in urban mobility, and expanding Gogoro's global footprint through partnerships in Vietnam and Latin America [2][3] - Gogoro aims to leverage its brand popularity to re-establish financial success while continuing to deliver innovative products [2]

Accessibility StatementSkip Navigation TAIPEI, Sept. 16, 2025 /PRNewswire/ -- Gogoro Inc. ("Gogoro," "the Company" or "We") (Nasdaq: GGR), a global technology leader in battery swapping ecosystems that enable sustainable mobility solutions for cities, today announced that it will implement a 1-for-20 share consolidation (also known as reverse stock split) of the Company's ordinary shares ("Share Consolidation"), effective at 00:00 a.m. Eastern Time on Monday, October 6, 2025 (the "Effective Date"). The Shar ...

Accessibility StatementSkip Navigation TAIPEI, Sept. 16, 2025 /PRNewswire/ -- Gogoro Inc. ("Gogoro," "the Company" or "We") (Nasdaq: GGR), a global technology leader in battery swapping ecosystems that enable sustainable mobility solutions for cities, today announced that, at the request of the Company, Mr. Yin Chung Yao ("Mr. Yin"), a director of the Company and an affiliate of the Company's largest shareholder, agreed to issue an undertaking to the lenders (the "Lenders") led by Mega International Commerc ...

Financial Data and Key Metrics Changes - Operating cash flow increased significantly from $4.8 million in 2024 to $15.2 million in 2025, reflecting effective cost savings initiatives [6] - Adjusted EBITDA rose to $12.5 million, a 4.2% increase from $12 million in the same quarter last year [16] - Non-IFRS gross margin improved to 17%, up from 13.5% in the same quarter last year [15] Business Line Data and Key Metrics Changes - Revenue from the battery swapping business reached $37.6 million, an 8.5% year-over-year increase [10] - Sales of hardware and other revenue decreased by 39.1% year-over-year to $28.2 million, primarily due to a decline in vehicle sales volume [13] - Total subscribers increased to 648,000, up 7% from 608,000 in the same quarter last year [11] Market Data and Key Metrics Changes - The overall two-wheeler market in Taiwan decreased by 11% compared to the same quarter last year, marking the lowest Q2 performance in three years [14] - Consumer confidence in Taiwan has slipped to its lowest point since April 2024, influenced by macroeconomic uncertainties [14] Company Strategy and Development Direction - The company is focused on strategic streamlining of products and solutions, aiming for long-term financial objectives including energy breakeven in 2026 and vehicle business profitability in 2028 [9][19] - Continued investment in battery upgrades and network infrastructure is seen as essential for growth, with expectations of breakeven in the battery business by 2026 [27][28] - The company is actively engaging with government officials to advocate for more aggressive subsidies and regulatory measures to accelerate electrification [23][24] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges posed by macroeconomic trends and consumer sentiment but remains optimistic about the second half of the year [15][19] - The company anticipates a seasonal pickup in sales and expects to meet the low end of its revenue guidance for the year, estimating full-year revenue between $295 million and $315 million [18] - Management believes the current market valuation does not reflect the fundamental value of the business and is committed to improving performance [8] Other Important Information - A new vehicle, the EZ, was launched at a price of approximately $910 after government subsidies, with strong demand anticipated [12] - The company has drawn down a $1 billion loan to enhance liquidity and strengthen its financial structure [17] Q&A Session Summary Question 1: Government's plans for aggressive subsidy programs to accelerate electrification - Management acknowledged the gap between policy ambitions and current adoption rates, indicating ongoing discussions with the government for potential subsidies and regulatory measures [22][23] Question 2: Investment cycle and expectations for net cash flow - Management confirmed that current investments in network infrastructure are critical for growth, with expectations for gradual improvement in gross margins and breakeven in the battery business by 2026 [26][27] Question 3: Update on the joint venture with Castrol in Vietnam - Management reported strong progress in the partnership, with plans for a pilot towards the end of the year and a full launch in 2026, although immediate revenue is not expected [30][31]

Financial Performance - Q2 2025 - Revenue decreased by 18.7% year-over-year to $65.8 million[60] - On a constant currency basis, revenue decreased by 22.5% year-over-year to $62.7 million[62] - IFRS Gross Margin was 0.3%, a decrease of 4.9% year-over-year[60] - Non-IFRS Gross Margin increased to 17.0%, up 3.5% year-over-year[62] - Net Loss was $(26.5) million, a decrease of $6.5 million year-over-year[60] - Adjusted EBITDA increased by 4.2% year-over-year to $12.5 million[62] Operational Metrics - Total riding distance reached 13.2 billion kilometers[53] 2025 Guidance - The company expects revenue to be at the low-end of $295 million - $315 million[65] Additional Points - Operating cash flow was $15.2 million[28] - Operating expenses reduced by 1740%[28]

Second Quarter 2025 Financial Summary "We saw an uptick in both non-IFRS gross margin and operating cash flow for the first half of 2025, so we are starting to see the positive impact of our strategic efforts. We have right-sized the organization, stayed agile, while continuing our investments in innovation, all of which give us confidence in our ability to achieve our operational goals," said Henry Chiang, interim CEO of Gogoro. "We successfully introduced our newest product, EZZY, and also introduced a ne ...

Core Insights - Gogoro Inc. will release its financial results for Q2 2025 on August 12, 2025, before market opening [1] - An earnings webcast will be held at 8:00 a.m. Eastern Time on the same day to discuss financial and business results [2] Company Overview - Founded in 2011, Gogoro aims to innovate urban energy solutions and promote sustainable mobility [3] - The company has received multiple accolades, including being recognized by Fortune as a "Change the World 2024" company and by Frost & Sullivan as the "2024 Global Company of the Year for battery swapping for electric two-wheel vehicles" [3] - Gogoro's technology focuses on battery swapping, vehicle design, and AI-driven cloud services to enhance urban mobility [3]

Financial Data and Key Metrics Changes - In Q1 2025, the company achieved a non-IFRS gross margin of 18.2%, an increase from 15.1% in the same quarter last year [20] - Operating expenses were reduced by $9,600,000, a decrease of 32.1% compared to Q1 2024 [7][20] - Adjusted net loss decreased by 36.5% to $10,900,000 from $17,200,000 in Q1 2024 [7] - Adjusted EBITDA increased to $14,300,000 in Q1 2025, up from $10,200,000 in Q1 2024, representing a 40% increase [17][20] - Total revenue dropped by 4.5% year-over-year on a constant currency basis [17] Business Line Data and Key Metrics Changes - The energy business recorded revenue of $34,500,000, reflecting a 6.2% growth year-over-year [8] - Hardware sales revenue was $29,100,000, down 21.8% year-over-year, attributed to a decrease in vehicle sales volume [19] - The total subscriber base reached 644,000, an 8% increase from 595,000 subscribers at the end of Q1 2024 [18] Market Data and Key Metrics Changes - The company anticipates that approximately 95% of its full-year revenue for 2025 will be generated from the Taiwan market [22] - The Taiwan two-wheeler market in 2025 is expected to remain at approximately 2024 levels [22] Company Strategy and Development Direction - The company aims to achieve breakeven in the energy business by 2026 and in the vehicle business by 2028 [6][22] - A focus on operational efficiency and cost optimization is expected to create approximately $25,000,000 in savings in 2025 compared to 2024 [21] - The company is exploring international expansion through partnerships, including a joint venture with Castro [11] Management's Comments on Operating Environment and Future Outlook - Management acknowledges challenges in the global macro environment, including market volatility and tariff issues [15] - The company remains focused on delivering predictable financial results and a clear vision for the future [5] - Management believes that advancements in charging technology are part of the broader ecosystem evolution and do not pose a direct threat to the battery swapping model [25][28] Other Important Information - The company transferred its listing from the NASDAQ Global Select Market to the NASDAQ Capital Market, gaining an additional 180-day grace period to regain compliance with NASDAQ requirements [31] - The company has received a new credit facility of approximately $61,500,000, indicating market confidence in its future plans [7] Q&A Session Summary Question: How does the company view advancements in fast charging technology? - Management recognizes rapid advancements in fast charging as beneficial for overall EV adoption but does not see them as a direct threat to the battery swapping model [25][28] Question: What are the plans regarding the transfer to the NASDAQ Capital Market? - The company gained a 180-day grace period to regain compliance with NASDAQ requirements and is focused on long-term stock performance rather than short-term gains [31][32] Question: What are the long-term growth plans for top and bottom lines? - The company anticipates breakeven in the network business by 2026 and expects significant operational leverage and profitability improvements thereafter [34][35] Question: Is the current operating efficiency model sustainable and scalable? - Management believes the current operating efficiency model is sustainable and scalable, with a strong foundation for growth beyond breakeven [39][40]

Financial Data and Key Metrics Changes - The company achieved a non-IFRS gross margin of 18.2%, an increase from 15.1% in the same quarter last year [19] - Operating expenses were reduced by $9,600,000, a decrease of 32.1% compared to Q1 2024 [7][19] - Adjusted net loss decreased by 36.5% to $10,900,000 from $17,200,000 in Q1 2024 [7] - Adjusted EBITDA increased to $14,300,000, up from $10,200,000 in the same quarter last year, representing a 40% increase [17][19] - Total revenue dropped by 4.5% year-over-year on a constant currency basis [17] Business Line Data and Key Metrics Changes - Energy business revenue was $34,500,000, showing a 6.2% growth year-over-year [8][17] - Hardware sales revenue was $29,100,000, down 21.8% year-over-year, attributed to a decrease in vehicle sales volume [18] - The total subscriber base reached 644,000, an 8% increase from 595,000 subscribers at the end of Q1 2024 [17] Market Data and Key Metrics Changes - The company anticipates that approximately 95% of its full-year revenue for 2025 will be generated from the Taiwan market [21] - The Taiwan two-wheeler market in 2025 is expected to remain at approximately 2024 levels [21] Company Strategy and Development Direction - The company aims to achieve breakeven in the energy business by 2026 and in the vehicle business by 2028 [6][21] - A new credit facility of approximately $61,500,000 has been secured to support growth and indicates market confidence [7] - The company is focusing on operational efficiency and cost optimization to drive profitability [20] Management's Comments on Operating Environment and Future Outlook - The global macro environment presents challenges, including market volatility and tariff issues, impacting consumer confidence [16] - Management remains focused on long-term growth and profitability, emphasizing the importance of the subscription-based business model [22] - The company is optimistic about the future, expecting to reach profitability in its battery swapping business by 2026 [21] Other Important Information - The company transferred its listing from the NASDAQ Global Select Market to the NASDAQ Capital Market, gaining an additional 180-day grace period for compliance [29] - The company continues to receive support from the Taiwan government for EV policies and infrastructure investments [14] Q&A Session Summary Question: How does the company view advancements in fast charging technology? - Management recognizes advancements in fast charging as beneficial for overall EV adoption but does not see them as a direct threat to its battery swapping model, which offers speed and convenience [24][25] Question: What are the plans regarding the transfer to the NASDAQ Capital Market? - The company has gained a grace period to regain compliance with NASDAQ requirements and is focused on long-term financial improvements rather than short-term stock price gains [29][30] Question: What are the long-term growth plans for top and bottom lines? - The company anticipates significant growth driven by its subscription model and expects operational leverage to improve profitability as revenue increases [32][33] Question: Is the current operating efficiency model sustainable as the company grows? - Management believes the operating efficiency model is sustainable and scalable, allowing for growth without a linear increase in operating costs [36][38]

Q1 2025 Financial Performance - IFRS Revenue was $63.6 million, a decrease of 8.7% year-over-year[64] - IFRS Gross Margin was 4.9%[64] - IFRS Net Loss was $18.6 million, a decrease of $5.5 million year-over-year[64] - Non-IFRS Revenue (on a constant currency basis) was $66.6 million, a decrease of 4.5% year-over-year[66] - Non-IFRS Gross Margin was 18.2%, an increase of 3.1% year-over-year[66] - Adjusted EBITDA was $14.3 million, an increase of 40% year-over-year[30, 66] - Non-IFRS Net Loss reduced by 36.5%[31] Key Metrics - Total riding distance reached 12.8 billion kilometers[55] - Network subscribers totaled 644,000[57] - Average total swaps per day exceeded 400,000[58] 2025 Guidance - The company projects revenue between $295 million and $315 million for 2025[71]