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Bullboard - Stock Discussion Forum Exro Technologies Inc. T.EXRO

Alternate Symbol(s):  T.EXRO.WT | EXROF

Exro Technologies Inc. is a clean technology company. The Company is engaged in developing power control electronics that expand the capabilities of electric motors and batteries. Its technologies include e-mobility (Coil Driver) and stationary energy storage (Cell Driver). The Coil Drive technology is an adaptive traction inverter that replaces the standard 3-phase inverter in electric... see more

TSX:EXRO - Post Discussion

Exro Technologies Inc. > A few thoughts on the Cell Driver Business
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Post by SIMPLICITI1 on Aug 28, 2023 4:11pm

A few thoughts on the Cell Driver Business

The following is intended for discussion purposes only.

BESS Restaurant Case Study - Assuming Outright Purchase & Commissioned Sale

Participants:
  1. Dealer & Installer
  2. EXRO and its supply chain
  3. RE:Build and it's supply chain
  • EXRO and RE:Build set MSRP for System
  • Dealer sets Installation and Commissioning Costs 
Selling Price $175,000
  1. Dealer Commission @25%                            $ 43,750
  2. Installation Fee @10%                                   $ 17,500 (includes regulatory)
  3. Re:Build Cabinets x 2                                     $ 25,000
  4. Re:Build Batteries 192 KWh x $150/KWh      $ 28,800
  5. EXRO Cell Drivers x 6 @ $10,000 ea            $ 60,000
  6. Subtotal                                                        $175,050
Gross Margin on Revenue
  • Dealer Sale & Install                                    $ 35,000       20%                  
  • Re:Build Cabinets & Batteries                     $ 26,500       15%
  • EXRO 6 Cell Drivers                                    $ 42,000       24%
  • Total Combined Margin                             $103,500      59%
The above contemplates EXRO having a COGS on the Cell Driver of between $3K and $3.5K per unit at volume and an MSRP of $10,000 ea. 

Each BESS unit requires 3 Cell Drivers plus Software.

BESS Units            Cell Drivers                         Revenue                       Margin  
100                                300                               $ 3,000,000                 $  2,100,000
300                                900                               $ 9,000,000                 $  6,300,000
1000                           3,000                              $30,000,000                 $21,000,000
Comment by Pandora on Aug 28, 2023 8:25pm
Not sure I have seen all of this on the website: What does Exro Technologies Inc do? Exro Technologies Inc. focuses on developing and commercializing patented coil driver technology and proprietary system architecture for power electronics. The company's coil driver technology expands the capabilities of electric motors, generators, and batteries. It also develops the battery control ...more  
Comment by Pandora on Aug 28, 2023 9:29pm
Canaccord I believe has a new analysis out on Exro. It is dated this past week. Any Canaccord members here who can access it. I get blocked out, not being a member. 10 pages dated August 22, 2023.
Comment by Exrower on Aug 28, 2023 9:40pm
2.75 target price no valuation for the Ess side Mid 2025 EBITDA positive 
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