Gogoro releases fourth quarter and full year 2022 financial results

Taipei, taiwan , feb. 16, 2023 /prnewswire/ -- gogoro inc. (nasdaq: ggr), a global technology leader in battery swapping ecosystems that enable sustainable mobility solutions for cities, today released its financial results for its fourth quarter and twelve months ended december 31, 2022. fourth quarter revenue of $95.5 million, down 20.8% year-over-year and down 10.5% on a constant currency basis; full year revenue of $382.8 million, up 4.6% year-over-year and up 11.7% on a constant currency basis fourth quarter network revenue of $31.4 million, up 19.5% year-over-year and up 34.6% on a constant currency basis; full year network revenue of $121.6 million, up 22.2% year-over-year and up 30.3% on a constant currency basis fourth quarter net loss of $12.5 million, down from a net loss of $14.2 million in the same quarter last year; full year net loss of $98.9 million, up from a net loss of $67.4 million last year fourth quarter adjusted ebitda of $9.2 million, down from $25.5 million in the same quarter last year; full year adjusted ebitda of $41.2 million, down from $54.9 million last year "we met our updated 2022 full year financial results, despite the macroeconomic climate, and continued to experience strong growth in our gogoro network business.
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