Gogoro releases first quarter 2023 financial results

Taipei, taiwan , may 11, 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 first quarter ended march 31, 2023. first quarter revenue of $79.3 million, down 16.0% year-over-year and down 8.8% on a constant currency basis first quarter battery swapping revenue of $32.3 million, up 9.8% year-over-year and up 19.2% on a constant currency basis first quarter net loss of $40.6 million, up from a net loss of $21.7 million in the same quarter last year first quarter adjusted ebitda of $10.6 million, down from $13.5 million in the same quarter last year "our performance in the first quarter of 2023 is in line with expectations and reflects seasonally lower volume and revenue we usually see in taiwan during the first quarter.
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