TAIPEI, Nov. 14, 2024 /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 released its financial results for its third quarter ended September 30, 2024.

Third Quarter 2024 Summary

Revenue of $86.9 million, down 5.3% year-over-year and down 3.4% on a constant currency basis.Battery swapping service revenue of $34.9 million, up 3.8% year-over-year and up 6.0% on a constant currency basis.Sales of hardware and others revenue of $52.0 million, down 10.6% year-over-year and down 8.8% on a constant currency basis.Our newest vehicles continue to be in high demand with approximately 3,800 backlog orders in the third quarter; these backlog orders in the third quarter will not be recognized as revenue until vehicles are delivered, which is expected to occur in the fourth quarter of 2024.Gross margin of 5.4%, down from 18.3% in the same quarter last year. Non-IFRS gross margin of 14.7%, down 4.5% year-over-year. Net loss of $18.2 million as compared to a net loss of $3.1 million in the same quarter last year.   Adjusted EBITDA of $14.1 million, up from $13.1 million in the same quarter last year.

Copec is launching in Santiago with 10 Gogoro battery swapping stations and plans to reach 18 stations by year end. 

SANTIAGO, Chile, Nov. 11, 2024 /PRNewswire/ -- Gogoro Inc. (Nasdaq: GGR), a global technology leader in battery-swapping ecosystems that enable sustainable mobility solutions for cities and Copec, a leading Latin American energy company, today announced they were launching the first two-wheel battery swapping platform and Smartscooters in Chile.

NEW YORK, Nov. 10, 2024 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Gogoro Inc. ("Gogoro" or the "Company") (NASDAQ: GGR). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.

The investigation concerns whether Gogoro and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

NEW YORK, Nov. 2, 2024 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Gogoro Inc. ("Gogoro" or the "Company") (NASDAQ: GGR). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.

The investigation concerns whether Gogoro and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

TAIPEI, Nov. 1, 2024 /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 has received a written notification from the staff of the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") dated October 29, 2024, indicating that for the last 30 consecutive business days, the closing bid price of the Company's ordinary shares was below the minimum bid price of US$1.00 per share requirement set forth in Nasdaq Listing Rule 5450(a)(1). The Nasdaq notification letter has no current effect on the listing or trading of the Company's ordinary shares on Nasdaq.

NEW YORK, Oct. 25, 2024 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Gogoro Inc. ("Gogoro" or the "Company") (NASDAQ: GGR). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.

The investigation concerns whether Gogoro and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

TAIPEI, Oct. 24, 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 third quarter 2024 before markets open on November 14, 2024. Gogoro's management team will hold an earnings Webcast at 7:00 a.m. Eastern Time on Thursday, November 14, 2024 to discuss the Company's financial and business results and outlook.

NEW YORK, Oct. 17, 2024 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Gogoro Inc. ("Gogoro" or the "Company") (NASDAQ: GGR). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.

The investigation concerns whether Gogoro and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

SINGAPORE, Oct. 16, 2024 /PRNewswire/ -- Gogoro Inc. (Nasdaq: GGR), a global technology leader in battery-swapping ecosystems that enable sustainable mobility solutions for cities and its exclusive Singapore distribution partner, Cycle & Carriage, today announced they will be launching Gogoro battery swapping and Smartscooters in Singapore later this month.

"Together with Cycle & Carriage, we are introducing a new generation of two-wheel urban transportation and refueling in Singapore. Gogoro battery swapping provides a quick, easy and safe electric refueling experience that doesn't require parking or time to charge," said Henry Chiang, CEO of Gogoro. "Singapore has taken a proactive approach to accelerating EV adoption and the Singapore LTA's TR25 electric vehicle charging standard has established a strong set of requirements for Southeast Asia to embrace."

NEW YORK, Oct. 9, 2024 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Gogoro Inc. ("Gogoro" or the "Company") (NASDAQ: GGR).  Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.  

The investigation concerns whether Gogoro and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.