Exro Technologies AI Stock Analysis
Exro Technologies (EXROF) AI Stock Analysis
Exro Technologies
(Other OTC:EXROF)
No summary available
Exro Technologies (EXROF) vs. SPDR S&P 500 ETF (SPY)
Not enough price history over this period.
- Market Cap
- $57.28K
- Dividend Yield
- ―
- Average Volume (3M)
- ―
- Price to Earnings (P/E)
- -0.0
- Beta (1Y)
- 41.28
- Revenue Growth
- ―
- EPS Growth
- ―
- Country
- US
- Employees
- 160
- Sector
- Industrials
- Sector Strength
- 63
- Industry
- Electrical Equipment & Parts
Exro Technologies Business Overview & Revenue Model
Company Description
Exro Technologies Inc. specializes in the innovation and market introduction of its exclusive, patented coil driver technology and a proprietary system architecture tailored for power electronics. This advanced technology significantly boosts the per...
Exro Technologies Earnings Call Summary
The earnings call highlighted significant revenue growth and cost reductions, demonstrating strong operational improvements and innovation in power electronics. However, these positives are mitigated by the failure to meet initial production targets and a substantial non-cash impairment related to the SEA Electric acquisition.
Q3-2024 Updates
Positive Updates
Negative Updates
Company Guidance
During the Q3 2024 earnings call for Exro Technologies, the company provided several key metrics and guidance for the future. Exro reported a remarkable 108% increase in revenue, achieving a record $11 million, driven by the delivery of 74 e-Propulsion systems, a 106% increase from Q2 2024. The company also highlighted substantial cost savings, achieving over 18% reduction in the bill of materials since April, with a goal of an additional 20% reduction by Q2 2025. Operational efficiencies led to a 20% decrease in unit costs quarter-over-quarter, while payroll and SG&A expenses were reduced by 7% and 35%, respectively. Exro's strategic initiatives include integrating their coil driver technology with OEM partners, aiming for full integration by the second half of 2025. Despite a $211 million noncash impairment due to share price depreciation, the company remains focused on achieving profitability, supported by a $25 million equity financing and ongoing efforts to secure non-dilutive capital. Exro anticipates continued quarter-over-quarter growth and is poised for further expansion heading into 2025.
Exro Technologies Peers Comparison
Overall Rating
TSE:ELVA52Neutral
TSE:EGT41Neutral
TSE:LPS38Underperform
TSE:BES37Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 63Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
| TSE:ELVA | 52Neutral | CAD 315.49M | 44.63 | 7.92% | ― | 29.42% | 247.98% |
| TSE:EGT | 41Neutral | CAD 3.98M | -1.04 | 9.87% | ― | ― | ― |
| TSE:LPS | 38Underperform | CAD 16.42M | -7.83 | 6067.59% | ― | 0.60% | 50.19% |
| TSE:BES | 37Underperform | CAD 2.93M | -1.24 | 107.32% | ― | -18.75% | 11.40% |
* Industrials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| EXROF | Exro Technologies | ― | ― | ― | |
| TSE:ELVA | Electrovaya Inc. | 6.31 | -0.18 | -2.77% | |
| TSE:EGT | Eguana Technologies | 0.09 | -0.06 | -41.33% | |
| TSE:LPS | Legend Power Systems | 0.10 | -0.01 | -12.50% | |
| TSE:BES | Braille Energy Systems | 0.03 | -0.05 | -64.29% | |
| TSE:ABND | Zinc8 Energy Solutions, Inc. | 0.09 | -0.06 | -43.33% |
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.