Gogoro Reaffirms FY23 Sales Guidance Of $340M-$370M Vs. Consensus Of $384.90M , And Estimates To Generate Approximately 95% Of FY23 Revenue From Taiwan Market
Portfolio Pulse from Benzinga Newsdesk
Gogoro has reaffirmed its full-year 2023 sales guidance to be between $340M-$370M, which is below the consensus estimate of $384.90M. The company also estimates that approximately 95% of its FY23 revenue will come from the Taiwan market.
November 16, 2023 | 11:10 am
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Gogoro has confirmed its FY23 sales guidance to be lower than market expectations, with the majority of revenue coming from Taiwan.
Gogoro's reaffirmation of its sales guidance, which is below the consensus estimate, could lead to negative investor sentiment in the short term. The reliance on the Taiwan market for revenue also indicates limited geographical diversification, which could be a concern for investors.
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