Exro Technologies Inc T.EXRO

New Press Release - Exro Technologies Reports Record Revenue with Q2 Financial Results

Record quarterly revenue of C$5.3 million with C$6.7 million at quarter end in completed unitsExceeded targeted bill of material costs and savings of 5%, recognizing over 10%Recognized cumulative annual business cost-savings of US$7.5 million and on track to deliver 2024 target of US$10...read article.

[nedstar71]

These do not appear to be good results at all $5 million in revenue $25 million net loss $2 million in cash left as of June 30th?? Market cap $250 million? Unfortunately there is little to support this market cap.  I could see this trading at 25 cents a share equivalent or less in the not so distant future.  Surely a financing / dilution / reverse split will be required soon?

[sorrenson]

Reverse split please .  Im at CIBC and they wont short garbage this low..  Give a 20 to 1 reverse so we can short this garbage.

[Beret888]

Im with IBKR and I have to put up $1 in collateral for every share Im short Exro.  Well worth it on days like today.  

[nedstar71]

Geez hit 25 cents even quicker than I thought.  Sorry to all that held.  Management really needs to resign asap