Gogoro releases fourth quarter and full year 2023 financial results

Taipei, taiwan , feb. 7, 2024 /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, 2023. fourth quarter and full year 2023 summary fourth quarter revenue of $91.5 million, down 4.1% year-over-year and down 2.8% on a constant currency basis; full year revenue of $349.8 million, down 8.6% year-over-year and down 4.6% on a constant currency basis fourth quarter battery swapping service revenue of $32.5 million, up 3.7% year-over-year and up 6.0% on a constant currency basis; full year battery swapping service revenue of $131.8 million, up 8.3% year-over-year and up 13.3% on a constant currency basis fourth quarter gross margin of 11.0%, down from 15.0% in the same quarter last year.
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