Taiwan's leading technology companies introduce clean energy solutions for two-wheel riders including the introduction of 15 new GoStations that use 100-percent clean energy; the introduction of Gogoro's GoShare scooter sharing service, and the expansion of the Gogoro Network in TSMC's headquarters city, Hsinchu City.HSINCHU CITY, Taiwan, April 17, 2024 /PRNewswire/ -- Gogoro Inc. (Nasdaq: GGR), a global technology leader in battery-swapping ecosystems that enable sustainable mobility solutions for cities a ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ___________________________ FORM 20-F ___________________________ (Mark One) o REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023. OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 o SHELL COMPANY R ...

Gogoro Tops Annual List of Asia-Pacific Companies and Ranks #37 in Fast Company's "World's Most Innovative Companies of 2024" list; Company Joins Innovators such as NVIDIA, YouTube, Taco Bell and othersTAIPEI, Taiwan, March 19, 2024 /PRNewswire/ -- Gogoro Inc. (Nasdaq: GGR), a global technology leader in battery swapping ecosystems that enable sustainable mobility solutions for cities, today was recognized in Fast Company's prestigious annual ranking, the "World's Most Innovative Companies of 2024" as #37 o ...

Gogoro's broadly deployed battery swapping ecosystem together with JEGO's new design, vehicle innovation and aggressive introductory price creates a new market segment in Taiwan. TAIPEI, Taiwan, March 13, 2024 /PRNewswire/ -- Gogoro Inc. (Nasdaq: GGR), a global technology leader in battery-swapping ecosystems that enable sustainable mobility solutions for cities, today announced that its new JEGO Smartscooter has achieved strong sales in its first week on the market. JEGO sales reached nearly eight-times G ...

TAIPEI, Taiwan, March 6, 2024 /PRNewswire/ -- Gogoro Inc. (Nasdaq: GGR), a global technology leader in battery swapping ecosystems that enable sustainable mobility solutions for cities, today announced that it will hold its 2024 Annual General Meeting of Shareholders (the "AGM") at Building C, No. 225, Sec. 2, Chang'an E. Rd., Songshan Dist., Taipei City, Taiwan 105, on the 30th day of May 2024 at 9:30 AM Taipei time. Holders of the Company's ordinary shares listed in the register of members of the Company ...

Gogoro Inc. (NASDAQ:GGR) Q4 2023 Results Conference Call February 7, 2024 7:00 AM ET Company Participants Horace Luke - Chairman of the Board, Chief Executive Officer, Founder Bruce Aitken - Chief Financial Officer Conference Call Participants Long Lin - The Benchmark Company Operator Welcome to the Gogoro Inc. 2023 Q4 earnings call. This conference call is now being recorded and broadcasted live over the Internet. Webcast replay will be available within an hour after the conference is finished. I'd like to ...

Revenue Performance - Fourth quarter revenue of $91.5 million, down 4.1% year-over-year and down 2.8% on a constant currency basis; Full year revenue of $349.8 million, down 8.6% year-over-year and down 4.6% on a constant currency basis[1] - Fourth quarter battery swapping service revenue of $32.5 million, up 3.7% year-over-year and up 6.0% on a constant currency basis; Full year battery swapping service revenue of $131.8 million, up 8.3% year-over-year and up 13.3% on a constant currency basis[1] - Sales of hardware and other revenues for the quarter were $59.0 million, down 7.9% year-over-year, and down 7.1% year-over-year on a constant currency basis[4] - For the full year 2024, the company expects to generate revenue of $385 million to $420 million, with approximately 90% from the Taiwan market and 10% from international markets[11] - Operating revenues for Q4 2023 decreased to $91.53 million from $95.47 million in Q4 2022, a decline of 4.1%[39] - Battery swapping service revenue for Q4 2023 increased to $32.58 million from $31.43 million in Q4 2022, a growth of 3.7%[39] - Total operating revenues for 2023 were $349.846 billion, a decrease of 8.6% YoY, but excluding FX effects, the decrease was 4.6%[45] - Battery swapping service revenue grew by 8.3% YoY to $131.785 billion, and excluding FX effects, the growth was 13.3%[45] Profitability and Margins - Fourth quarter gross margin of 11.0%, down from 15.0% in the same quarter last year; Full year gross margin of 14.4%, down from 15.1% last year[1] - Gross profit for Q4 2023 was $10.10 million, down from $14.33 million in Q4 2022, a decrease of 29.5%[39] - Gross profit for 2023 was $50.445 billion with a gross margin of 14.4%, compared to $57.713 billion and 15.1% in 2022[45] - Non-IFRS gross profit for 2023 was $55.428 billion with a gross margin of 15.8%, compared to $64.354 billion and 16.8% in 2022[45] Net Loss and EBITDA - Fourth quarter net loss of $27.5 million as compared to a net loss of $12.5 million in the same quarter last year; Full year net loss of $76.9 million as compared to a net loss of $98.9 million last year[1] - Fourth quarter adjusted EBITDA of $8.2 million, down from $9.2 million in the same quarter last year; Full year adjusted EBITDA of $44.8 million, up $3.6 million from $41.2 million last year[1] - Net loss for Q4 2023 was $27.54 million, compared to a net loss of $12.53 million in Q4 2022[39] - Net loss for 2023 was $76.868 billion, compared to $98.908 billion in 2022[45] - Non-IFRS net loss for 2023 was $62.526 billion, compared to $63.344 billion in 2022[45] - EBITDA for 2023 was $30.488 billion, a significant improvement from $5.630 billion in 2022[45] - Adjusted EBITDA for 2023 was $44.830 billion, compared to $41.194 billion in 2022[45] Cash Flow and Financial Position - The company generated $59.8 million of operating cash inflow in 2023 compared to 2022 where it used $64.8 million of cash in operations[10] - Cash and cash equivalents decreased from $236.1 million in 2022 to $173.9 million in 2023[36] - Net cash provided by operating activities for 2023 was $59.76 million, compared to a net cash used in operating activities of $64.79 million in 2022[41] - Cash and cash equivalents at the end of 2023 were $173.89 million, down from $236.10 million at the end of 2022[41] Inventory and Assets - Inventories decreased significantly from $114.7 million in 2022 to $53.1 million in 2023[36] - Raw materials inventory decreased from $76.7 million in 2022 to $33.1 million in 2023[37] - Merchandise inventory decreased from $33.5 million in 2022 to $16.4 million in 2023[37] - Total assets decreased from $873.4 million in 2022 to $833.4 million in 2023[36] - Property, plant and equipment increased from $443.0 million in 2022 to $500.9 million in 2023[36] - The company classified $37.4 million of undeployed battery packs and related battery cells in property, plant and equipment[37] Liabilities and Equity - Non-current borrowings increased from $293.2 million in 2022 to $334.6 million in 2023[36] - Current liabilities decreased from $248.2 million in 2022 to $214.1 million in 2023[36] - Total equity decreased from $299.0 million in 2022 to $247.9 million in 2023[36] Operating Expenses - Total operating expenses for Q4 2023 decreased to $34.91 million from $41.86 million in Q4 2022, a reduction of 16.6%[39] - Research and development expenses for Q4 2023 were $9.62 million, down from $12.37 million in Q4 2022, a decrease of 22.2%[39] - Depreciation and amortization expenses for 2023 were $98.377 billion, up from $94.807 billion in 2022[45] Subscribers and Market Expansion - Total subscribers at the end of the fourth quarter exceeded 587,000, up 11.6% from 526,000 subscribers at the end of the same quarter last year[4] - The company has established local manufacturing in India and launched battery swapping services and the first India-made Smartscooter in Delhi[2] Share-Based Compensation - Share-based compensation for 2023 was $26.49 million, down from $37.91 million in 2022[39] - Share-based compensation for 2023 was $26.486 billion, down from $37.907 billion in 2022[45] Comprehensive Loss - Total comprehensive loss for 2023 was $77.57 million, compared to $115.09 million in 2022[39]

Companies to launch Gogoro's Smartscooters and battery swapping for consumers and B2B delivery riders in Chile and Colombia in Q2 2024.SANTIAGO, Chile, Jan. 31, 2024 /PRNewswire/ -- Gogoro Inc. (Nasdaq: GGR), a global technology leader in battery-swapping ecosystems that enable sustainable mobility solutions for cities, today announced it was partnering with leading Latin American energy company, Copec, to launch its battery swapping and Smartscooters in Chile and Colombia in Q2 2024. "Our partnership with ...

Gogoro Pulse introduces unprecedented levels of acceleration and speed that exemplify Gogoro's leadership in two-wheel performance, innovation and design.  With a new aerodynamic design and hyperdrive powertrain, Pulse reaches 0-50km/h in 3.05 seconds.TAIPEI, Taiwan, Jan. 30, 2024 /PRNewswire/ -- Gogoro Inc. (Nasdaq: GGR), a global technology leader in battery-swapping ecosystems that enable sustainable mobility solutions for cities, today unveiled its new flagship Smartscooter, Pulse. The Pulse is a testam ...

TAIPEI, Jan. 22, 2024 /PRNewswire/ -- Gogoro® Inc. (Nasdaq: GGR), a global technology leader in battery swapping ecosystems that enable sustainable mobility solutions for cities, today announced that it will release its financial results for the quarter and twelve months ended December 31st, 2023, before markets open on February 7, 2024. Gogoro's management team will hold an earnings Webcast at 7:00 a.m. Eastern Time on Wednesday, February 7, 2024 to discuss the Company's financial and business results and ...