Exro Technologies Inc. (T:EXRO)
Business Focus: Electrical Components & Equipment (NEC)
| Sector: Industrials | Industry: Electrical Components & Equipment |
| Company Contact | |
| Address: | 12-21 Highfield Circle SE CALGARY AB T2G 5N6 |
| Tel: | N/A |
| Website: | https://www.exro.com |
| IR: | See website |
| Key People | ||
| Sue Ozdemir Chief Executive Officer, Director | John Meekison Chief Financial Officer | Brian Van Batavia President, Exro Vehicle Systems |
| Simon Strawbridge Chief Operating Officer | Eric Hustedt Chief Technology Officer | Darrell Bishop Chief Investment Officer |
| Raymond Millien Vice President - Legal, Corporate Secretary | Spyros Gorgogiannis Chief Engineering Officer | Josh Sobil Chief Commercial Officer |
| Business Overview |
| Exro Technologies Inc. is a Canada-based clean technology company. It is focused on developing power control electronics that expand the capabilities of electric motors and batteries. Its technologies include Coil Driver and Cell Driver. Coil Driver 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. Cell Driver is a fully integrated energy storage system designed for commercial and industrial applications. Equipped with its proprietary Battery Control System, the Cell Driver actively manages battery cells based on their state-of-health and state-of-charge to optimize operation, safety, and extend lifetime. It also offers end-to-end electric vehicle consulting and engineering services. |
| Financial Overview |
| For the nine months ended 30 September 2023, Exro Technologies Inc revenues increased from C$378K to C$4.8M. Net loss increased 17% to C$31.9M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Higher net loss reflects Research and development increase of 36% to C$8.4M (expense), Payroll and consulting fees increase of 21% to C$12.2M (expense). |
| Employees: | 129 as of Mar 30, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $232.86M as of Sep 30, 2023 |
| Annual revenue (TTM): | $6.61M as of Sep 30, 2023 |
| EBITDA (TTM): | -$37.55M as of Sep 30, 2023 |
| Net annual income (TTM): | -$44.73M as of Sep 30, 2023 |
| Free cash flow (TTM): | -$47.62M as of Sep 30, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 168,950,203 as of Oct 18, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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