Exro Technologies Inc T.EXRO

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

Industrials

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 vehicles. Utilizing its patented coil switching technology, the Coil Driver enables the motor to dynamically switch between two modes, series mode optimized for high torque at low speeds, and parallel mode optimized for high power and efficiency at high speeds. The Cell Driver technology is a fully integrated energy storage system designed for commercial and industrial applications. Its SEA-Drive power system provides a complete e-propulsion solution to original equipment manufacturers. It encompasses everything from high-capacity batteries and electric motors to next-generation control units.

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Exro Technologies Inc > Payroll

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Comment by Pandoraon Nov 09, 2023 10:16pm

116 Views

Post# 35727549

RE:RE:RE:Payroll

Gonz120 wrote:
Third quarter 2023 financial highlights

For the three months ended September 30, 2023
9th point down

Payroll and consulting fees increased by $2,087,261 to $12,195,221 from $10,107,960

More complete wording:

For the nine months ended September 30, 2023

Revenue of $4,800,730 (2022 – $377,589)
Comprehensive loss of $31,941,587 (2022 – $26,524,493)
Selling, general and administration expense decreased by $1,337,348 to $7,183,330 from $8,520,678
Payroll and consulting fees increased by $2,087,261 to $12,195,221 from $10,107,960
Research and development increased by $2,231,106 to $8,351,059 from $6,119,953