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Exro Technologies Inc T.EXRO

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

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.


TSX:EXRO - Post by User

Post by ace1mccoyon Nov 24, 2023 3:13pm
261 Views
Post# 35752071

A Question Asked

A Question Asked
You can ask any question about any stock and they will answer. may not be your expectations but they give their honest independent answer /opinion.  There is also have 3 model portfolios , balanced , dividend and growth . Currently , Exro is not in the growth model portfolio . The last question asked about EXRO was Sept 11/2023 . Exro is not exactly a high-profile stock for retail investor subscribers of the service either wise they would get peppered with all kinds of questions about Exro. Questions and answers to the multiple of stocks that subscribers of the service ask 5 days a week . Like the answers or not here's the views supplied .  
Reminder for those who don't know me I'm breaking copywrite but I'm willing to keep the Exro Stockhouse members up to date. I spend a significant amount of dollars yearly researching through services.  

GLTA


Symbol(s): Exro Technologies Inc. (EXRO)
Date: Nov 23, 2023 10:31 AM
Question: This stock hit hard today down 12%,I am down 50% in one year is this worth holding for say 6 months to a year. Today's news was on lifting a NDA ban on a deal with Brazil I think,could you give me your thoughts on this company in regards to management,products and burn rate and is it a BSH Thanks
 
Answer:
Cash flow was negative $31M last year, and negative $13M in the recent 3Q alone. The balance sheet is OK, with cash offsetting debt and leases. We would consider management competent, but the company has such a tiny revenue base it is hard to analyze. Management has gotten it to this point and revenue is expected to ramp quickly next year. It only had $2M in sales in the quarter, and lost $11M. It is going to need more capital. The technology looks fine, but we would prefer more sales just to get third-party validation. We are not experts in the field and sales go a long way in such confirmations. Any small cap needs patience, but we think buyers have lots of time here. With minimal sales and a $225M market cap, a lot is priced in. We would be comfortable exiting, with a view to reexamine on the next capital raise by the company. 

So says 5iResearch
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