Company: GGR
Filing Date: 2025-03-31
Form Type: 20-F
Source: 0001886190-25-000017
Chunk: 89

Company: Gogoro Inc.
Filing Date: 2025-03-31
Form: 20-F
Item: Item 5
Chunk 89
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908)      (46,716)        61.4         22,870       (23.1)  

  Operating revenues:                                                                         %                         %  
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Sales of hardware and others      172,750      218,061      261,166      (45,311)      (20.8)      (43,105)      (16.5)  
  Battery swapping service          137,891      131,785      121,660         6,106         4.6        10,125         8.3  
  Operating revenues                310,641      349,846      382,826      (39,205)      (11.2)      (32,980)       (8.6)  

  Share-based compensation:                                                              %                          %  
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Cost of revenues                 1,362       2,235       4,149                    (39.1)       (1,914)      (46.1)%  
  Sales and marketing              1,566       3,730       5,698       (2,164)      (58.0)       (1,968)      (34.5)%  
  General and administrative       4,309      12,320      15,549       (8,011)      (65.0)       (3,229)      (20.8)%  
  Research and development         4,407       8,039      12,511       (3,632)      (45.2)       (4,472)      (35.7)%  
  Total                           11,644      26,324      37,907      (14,680)      (55.8)      (11,583)      (30.6)%  

Comparison of Year Ended December 31, 2024 to Year Ended December 31, 2023

Operating Revenues

Our operating revenues consist of two primary revenue streams:

▪“ Sales of hardware and other revenue” includes revenues related to sales of electric scooters and related parts, sales of related service revenue, leasing revenue (GoShare℠ business), and

▪“ Battery swapping service revenue” includes revenues related to battery