Gogoro reports a 7.3% year-over-year revenue increase but a GAAP loss of $0.24 per share for Q2.
Gogoro reported Q2 revenue of $70.62 million, a 7.3% increase year-over-year, while posting a GAAP loss of $0.24 per share. The company reaffirmed its full-year outlook despite the quarterly loss.
Battery swapping service revenue reached $37.4 million, down 0.6% year-over-year but up 1.9% on a constant currency basis. The revenue growth was driven by higher demand for electric scooters and energy solutions.
The company did not disclose immediate market reactions to the earnings report.