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Exro Technologies Inc (TSE:EXRO)
TSX:EXRO
Earnings Data
Report Date
Aug 07, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-0.03Last Year’s EPS
-0.05Same Quarter Last Year
Moderate Sell
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 15, 2025
|% Change Since: -11.11%
|Next Earnings Date:Aug 07, 2025
Earnings Call Sentiment|Neutral
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.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.Record Revenue Growth
Achieved a record revenue milestone of $11 million, more than double the $5.3 million posted in Q2. This was driven by the delivery of 74 electric propulsion systems to OEMs, marking a twofold increase sequentially.
Significant Cost Reductions
Achieved over 18% savings on the bill of materials since April, surpassing the initial goal of 5%. The cost of goods sold decreased by approximately 20% quarter-over-quarter.
Strategic Supplier Agreements
Implemented key quality metrics and improved processes, which enhanced relationships with strategic suppliers, aiding in doubling production from the previous quarter.
Innovation in Power Electronics
Exro's technology demonstrated the ability to achieve performance without compromising price, with systems that reduce charging infrastructure costs by 10% to 20%.
Operational Improvements
Reduced payroll and SG&A expenses by 7% and 35% respectively quarter-over-quarter. The company also reduced headcount by approximately 35% since April.
TSE:EXRO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TSE:EXRO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 15, 2025 | C$0.14 | C$0.13 | -7.41% |
Apr 01, 2025 | C$0.10 | C$0.08 | -15.79% |
Nov 13, 2024 | C$0.24 | C$0.20 | -18.37% |
Aug 14, 2024 | C$0.52 | C$0.32 | -38.46% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Exro Technologies Inc (TSE:EXRO) report earnings?
Exro Technologies Inc (TSE:EXRO) is schdueled to report earning on Aug 07, 2025, TBA Not Confirmed.
What is Exro Technologies Inc (TSE:EXRO) earnings time?
Exro Technologies Inc (TSE:EXRO) earnings time is at Aug 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:EXRO EPS forecast?
TSE:EXRO EPS forecast for the fiscal quarter 2025 (Q2) is -0.03.