Gogoro Reiterates FY24 Revenue Outlook Of $385M-$420M Vs. Estimate Of $400.7M
Portfolio Pulse from Benzinga Newsdesk
Gogoro reaffirmed its FY24 revenue forecast of $385M-$420M, despite lower first quarter revenue compared to previous years. The company's optimism is based on expected seasonal volume increases, a backlog of orders for JEGO, and preorders for Pulse.

May 09, 2024 | 10:11 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Gogoro has reiterated its FY24 revenue outlook of $385M-$420M, despite a dip in Q1 revenue. The company's confidence is buoyed by expected seasonal sales increases, a significant backlog of JEGO orders, and strong Pulse preorders.
Gogoro's reaffirmation of its revenue outlook, despite a weaker Q1, suggests a strong belief in its business model and product demand. The specific mention of backlog orders and preorders as reasons for optimism indicates a solid order book, which is likely to translate into revenue growth. This positive outlook, especially when the company is confident enough to reiterate its forecast, is likely to be viewed favorably by investors, potentially leading to a short-term positive impact on GGR's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100