GOGORO INC Reports USD 87.2 Million Revenue for FY2023 Q2, Down 3.8% Y-o-Y

August 14, 2023

🌥️Earnings Overview

For the second quarter of FY2023 ending June 30 2023, GOGORO INC ($NASDAQ:GGR) reported total revenue of USD 87.2 million, a decrease of 3.8% compared to the same period in the prior year. Net income was reported as USD -5.6 million, a significant improvement from the previous year’s USD -121.0 million. The figures were released on August 10 2023.


GoodWhale has conducted an analysis of GOGORO INC‘s fundamentals and found that their financial and business aspects are medium risk investments. This means that while GOGORO INC may have some potential for growth, investors should be aware that there are some risks associated with the company. GoodWhale has detected two risk warnings in the balance sheet and cashflow statement. In order to view the details of these warnings, investors must register with GoodWhale. Once registered, users can view the company’s financial metrics and determine if GOGORO INC is the right fit for their investment portfolio. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis
  • About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Gogoro Inc. More…

    Total Revenues Net Income Net Margin
    364.21 -2.38 -39.8%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Gogoro Inc. More…

    Operations Investing Financing
    -4.65 -133.75 -95.11
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Gogoro Inc. More…

    Total Assets Total Liabilities Book Value Per Share
    826.03 563.47 1.22
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Gogoro Inc are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    -4.5% 2.2%
    FCF Margin ROE ROA
    -33.2% 1.7% 0.6%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items

  • Peers

    Gogoro Inc, Chaowei Power Holdings Ltd, Romeo Power Inc, and Enova Systems Inc are all companies that produce electric vehicles and batteries. They all compete against each other to produce the best products possible. All four companies are constantly trying to improve their products and stay ahead of the competition.

    – Chaowei Power Holdings Ltd ($SEHK:00951)

    Chaowei Power Holdings Ltd is a Chinese holding company that engages in the manufacture and sale of lead-acid batteries. It operates through the following segments: Lead-Acid Battery, Lithium Battery, and Solar Energy. The Lead-Acid Battery segment manufactures and sells lead-acid batteries for use in automobiles, motorcycles, power tools, and UPS systems. The Lithium Battery segment manufactures and sells lithium batteries for use in electric vehicles, energy storage systems, and consumer electronics. The Solar Energy segment manufactures and sells solar panels and solar power systems.

    – Romeo Power Inc ($OTCPK:ENVS)

    Enova Systems Inc is a company that designs, manufactures, and sells motor controllers and power conversion products for electric vehicles and industrial applications. They have a market cap of 103.23k as of 2022 and a Return on Equity of 4.24%. The company’s products are used in a variety of applications, including material handling, construction, agricultural, and military vehicles, as well as in stationary power applications such as wind turbines and battery energy storage systems.


    GOGORO INC reported a decrease of 3.8% in total revenue for FY2023 Q2, amounting to USD 87.2 million. Despite this, the company’s net income significantly improved from a loss of USD -121.0 million the previous year to a loss of USD -5.6 million, indicating an improved business outlook for the company. This could be an attractive investment opportunity for investors looking to capitalize on GOGORO INC’s potential.

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