Company: GGR
Filing Date: 2025-03-31
Form Type: 20-F
Source: 0001886190-25-000017
Chunk: 197

Company: Gogoro Inc.
Filing Date: 2025-03-31
Form: 20-F
Item: Item 18
Chunk 197
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 REVENUES

The Company derived its revenues from contracts with customers for the following products and services:

a. Disaggregation of revenues

                                             For the Year Ended December 31,                                                             
                                             2024                                              2023                   2022               
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Products and services                                                                                                                  
  Sales of hardware and related revenue      $                                    148,637      $         194,018      $         241,428  
  Battery swapping service revenue                                                137,891                131,785                121,660  
  Leasing service revenue                                                          13,588                 13,253                 10,653  
  Other revenue                                                                    10,525                 10,790                  9,085  
                                             $                                    310,641      $         349,846      $         382,826  

F-35

Table of Contents

b. Contract balances

                                                               As of December 31,                                        As of January 1,              
                                                               2024                                2023                  2023                          
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Trade receivables (Note 5)                                   $                       16,977      $         17,135      $                     16,143  
  Contract liabilities                                                                                                                                 
  Sales of hardware and battery swapping service revenues      $                       16,575      $         11,606      $                     12,965  

The Company recognized revenues from contract liabilities as of January 1, 2024, 2023 and 2022 amounting to $ 9.1 11.4 10.5

18. NET LOSS FROM CONTINUING OPERATIONS

a. Employee benefits expenses

                                                             For the Year Ended December 31                                                           
                                                             2024                                            2023                  2022               
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Short-term employee benefits                               $                                   67,029      $         64,761      $          69,806  
  Defined contribution plans                                                                      2,667                 2,719                  3,064  
  Termination benefits                                                                            2,736      94                                2,546  
  Share-based payments                                                                           11,644                26,324                 37,907