Gogoro Reports Improved Margins and Positive Cash Flow in Q1
In its first-quarter earnings call, Gogoro (NASDAQ:GGR) reported improved gross margins to 20.4% from 4.9%, driven by the completion of a battery upgrade program. The company also saw a narrowed net loss of $7.9 million and positive operating cash flow of $3.1 million.
Topics: battery upgrade program cash flow improvement Q1 earnings subscriber growth