Gogoro Second Quarter 2024 Earnings: US$0.08 loss per share (vs US$0.024 loss in 2Q 2023)
Gogoro (NASDAQ:GGR) Second Quarter 2024 Results
Key Financial Results
- Revenue: US$80.9m (down 7.2% from 2Q 2023).
- Net loss: US$20.1m (loss widened by 257% from 2Q 2023).
- US$0.08 loss per share (further deteriorated from US$0.024 loss in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Gogoro Earnings Insights
Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Auto industry in the US.
Performance of the American Auto industry.
The company's shares are up 3.2% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 2 warning signs for Gogoro that you need to be mindful of.
Valuation is complex, but we're here to simplify it.
Discover if Gogoro might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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