Gogoro Revises FY23 Outlook: Revenue Of $340M-$370M From $400M-$450M
Portfolio Pulse from Benzinga Newsdesk
Gogoro has revised its FY23 revenue outlook from $400M-$450M to $340M-$370M due to potential ongoing soft ePTW demand in the Taiwan market. The company expects to generate approximately 95% of its 2023 full-year revenue from the Taiwan market.
August 10, 2023 | 10:05 am
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Gogoro's revised FY23 revenue outlook could potentially impact its stock price. The company's reliance on the Taiwan market for 95% of its revenue could also be a risk factor.
Gogoro's revised FY23 revenue outlook is a significant factor that could negatively impact its stock price. Investors often react to such revisions, especially when they are downward. Additionally, the company's heavy reliance on the Taiwan market for its revenue could be seen as a risk factor, especially if there are market uncertainties or fluctuations in that region.
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