Gogoro Lowers FY24 Revenue Outlook: Projects Revenues Of $320M-$345M (Prior View: $385M-$420M); Says More Than 95% Of Such Revenue Will Be Taiwan-based
Portfolio Pulse from Benzinga Newsdesk
Gogoro has lowered its FY24 revenue outlook to $320M-$345M from the previous $385M-$420M, with more than 95% of the revenue expected to be Taiwan-based.
August 15, 2024 | 10:11 am
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Gogoro has revised its FY24 revenue outlook downward to $320M-$345M from the previous $385M-$420M, with over 95% of the revenue expected to come from Taiwan.
The downward revision in revenue outlook is likely to negatively impact investor sentiment and the stock price in the short term. The high reliance on Taiwan-based revenue may also raise concerns about market concentration risks.
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