Exro Technologies Inc T.EXRO

Earnings worse than expected

[Napcoo]

Q4 revenue 0.9 mln, analyst $1.68 mln, 2023 $5.7 mln analyst expected $6.5 mln, cash ending December 31 was $6.2 mln, expenses per quarter was $4 mln, might be down 5 to 10 cents tomorrow, it's so bad that they have to put it quietly on a holiday after hours

[sorrenson]

Correct me if I am wrong but as per the MD&A  they have not sold 1 coil driver for actual money.  Not 1 Start of production Sept 2023    hahahahahahah

[Napcoo]

No meaningful revenue from any drivers in Q4, some may be realized in Q1 2024, but forcasted revenue for Q1 is far below anyone expected, $4.3 Mln, according to the merger documents, expected sales of coil drivers in 2024 is 1000 units, yes, 1000 units only.  So the SP performance is on revenue from sea electric, news pump from exro, not from me

[Pandora]

So what is the forecasted total number of EV's to be manufactured in 2024 for which Exro is forecasting they will have 1000 units? Sounds like their production will not even be noticeable in the total scheme of things. "Electric vehicle sales are projected to rise in 2024 but analysts are dialing back expectations as the automotive industry grapples with challenges limiting consumer

[Napcoo]

Agreed, Sue cannot blame ev slow down in exro 2023 performance, the market is not ready for coil driver, they have not attracted any meaningful customer so far

[Pandora]

Sounds like close to 1.2 million EV's in North America forecasted (1 million base from 2023 times 17.96%) and Exro will be involved in 1000? An "NDA" does not sound that impressive when considering those kind of numbers. How long does it take to install a 'unit'? Doesn't seem to be much of an open door in North America.

[Pandora]

Growth forecast from 2023 t0 2028 in North America for EV's : https://www.statista.com/outlook/mmo/electric-vehicles/north-america

[Napcoo]

Correction, estimated sales of coil driver 1.2k units, $17 mln in 2024, 10.6k units, 82 mln coil drivers in 2025, I assume this will be maximum sales Despite exro repeated projections of $200 mln revenue in 2024, analyst seems to project avg of $99 mln revenue after the merger in 2024

[jboom70]

No sales, No sales, No sales, again and again, and you are still holding on to hopefull sale projection. Come on, your better than that.

[Napcoo]

I know, Sue is not going to sell her one million shares at this price, I might wait a year or two, patience is key when things went wrong

[Pandora]

It could be that the approximately $100M difference will be made up by Johnny's favourite 'the cell drivers' c/w battery storage units'.

[Pandora]

If I remember right there was a lot of hype put into the "Start of Production" in early September 2023. So it got started amidst the fanfare and what, in identity and number, have they "produced" in just under 7 months? The results give this statement: .Coil Driver™ start of production was launched in Q3 2023 with low volume production and was followed by initial deliveries

[sorrenson]

That is rediculous.  May  2023 is an offical paid for release stating    2023   2200    coil drivers  29 millon revenue  2024  8725    coil drivers    118 million  Note vicinty was 975 in 2023 and 2250 in 2024  Then add Sept 6 2023 press which adds order for 500 HB4 to be immediately produced and  VMC (975

[Moemoney42]

I would think we might be able to take some solice in the fact that the bought deal is at $.95..? Aside from dilution (which will probably affect the price negatively) this should be a reasonable level to reach short term..?  I'd be interested in grabbing traders again if we get a double bottom at $.73..  ;-)

[Napcoo]

On the bright side, $5.7 mln vehicle integration services revenue could indicate money being paid by NDA, it would mean a lot. If big names were associated with it

[JohnnyUtah44]

....noobco, stop it, you are so obvious and a joke....are you and tater trader same ?????...you are so fake ...ignore