GGR Earnings Prediction
The chart below shows how GGR performed 10 days before and after its earnings report, based on data from the past quarters. Typically, GGR sees a -0.06% change in stock price 10 days leading up to the earnings, and a -9.83% change 10 days following the report. On the earnings day itself, the stock moves by -2.85%. This data can give you a slight idea of what to expect for the next quarter's release.
GGR Key Earning Data
2024/Q4
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GGR Earnings Analysis
Gogoro Inc Corporation (GGR.O) Earnings Conference Call
Positive
Subscriber Growth Increase: Gogoro ended Q4 2024 with nearly 640,000 subscribers, an increase from 587,000 subscribers in Q4 2023, demonstrating strong customer growth.
Battery Swapping Revenue Milestone: In Q4 2024, revenue from the Gogoro battery swapping business surpassed vehicle sales revenue for the first time, marking a significant milestone for the company.
Battery Swapping Revenue Growth: Battery swapping service revenue for the full year 2024 was $137.9 million, reflecting a 4.6% increase year-over-year, driven by a large and growing subscriber base.
Market Share Resilience: Gogoro maintained a 72% market share of electric scooters in Taiwan, despite an overall market contraction, showcasing its strong competitive position.
Cost Reduction Savings: The company expects to achieve $25 million in savings in 2025 as a result of its cost reduction plan, indicating effective cost management strategies.
Negative
Net Loss Increase: In Q4 2024, Gogoro reported a net loss of $71.8 million, a significant increase of $45.1 million compared to a net loss of $26.7 million in the same quarter last year.
Increased Net Loss: For the full year 2024, Gogoro's net loss was $123.2 million, an increase of $47.2 million from a net loss of $76 million in 2023, primarily due to a $43.5 million decrease in gross profit.
Gross Margin Decline: Gross margin for the full year 2024 plummeted to 2.4%, down from 14.6% in the previous year, while the fourth quarter gross margin was negative 8.1%, a decline from a positive 11.6% in the same quarter last year.
Decline in Hardware Sales: Sales of hardware and other revenues for Q4 2024 decreased by 37% year over year, driven by lower sales volume and a decrease in average selling price, while full year hardware sales were down 20.8% year over year.
Revenue Decline in Taiwan: Total revenue for 2024 was $310.5 million, down 11.2% year over year, reflecting a decline in the overall two-wheeler market in Taiwan, which contracted by 13.6% from 871,000 to 753,000 units.
GGR FAQs
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GGR Earning Call Sentiment
Earnings call transcript: Gogoro Q4 2024 sees cautious market reaction
GGR.O
0%Positive
The earnings call reveals significant financial challenges, including a net loss, declining cash inflows, and negative gross margins. The Q&A section shows management's vague responses and lack of clear strategies to address stock price issues. Although there are plans for cost reduction and breakeven by 2026, the current financial state and weak guidance suggest a negative outlook. The absence of a clear growth strategy or partnership announcement further supports a negative sentiment. Given these factors, the stock price is likely to experience a negative movement in the short term.
