Exro Technologies Inc. (T:EXRO)
Business Focus: Electrical Components & Equipment (NEC)
Cloudy as of April 01, 2024
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Insider Filings
Latest 10 SEDI filings for EXRO within the last 6 months
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Company News
Apr 05, 2024 10:55 ET
Exro and SEA Electric Announce Completion of Merger
CALGARY, AB, April 5, 2024 /CNW/ - Exro Technologies Inc. (TSX: EXRO) (OTCQB: EXROF) (the "Company" or "Exro") and SEA Electric Inc. ("SEA Electric") are pleased to announce the closing of the previously announced merger (the "Transaction"), pursuant to which Exro acquired all of the issued and outstanding shares of common stock and preferred stock of SEA Electric ("SEA Stock") that it did not already own. The Transaction was approved at a special meeting of shareholders of Exro held on April 4, 2024.
Apr 05, 2024 10:55 ET
Exro and SEA Electric Announce Completion of Merger
CALGARY, AB, April 5, 2024 /PRNewswire/ - Exro Technologies Inc. (TSX: EXRO) (OTCQB: EXROF) (the "Company" or "Exro") and SEA Electric Inc. ("SEA Electric") are pleased to announce the closing of the previously announced merger (the "Transaction"), pursuant to which Exro acquired all of the issued and outstanding shares of common stock and preferred stock of SEA Electric ("SEA Stock") that it did not already own. The Transaction was approved at a special meeting of shareholders of Exro held on April 4, 2024.
Valuation Ratios
Industry
Sector
Beta
2.94
--
--
Price to Sales - TTM
20.17
7.66
3.29
Price to Book - most recent quarter
3.55
2.21
2.82
Price to Cash Flow per share - TTM
--
3.21
12.01
Price to Free Cash Flow per share - TTM
--
16.45
28.56
Short Report
| Date | Number of Shares Shorted | Net Change |
|---|---|---|
| Apr 15, 2024 | 335,605 | 101,926 |
| Mar 31, 2024 | 233,679 | -128,778 |
| Mar 15, 2024 | 362,457 | 88,219 |
Business Summary
| Sector: Industrials | Industry: Electrical Components & Equipment |
Exro Technologies Inc. is a clean technology company. The Company is engaged in developing power control electronics that expand the capabilities of electric motors and batteries. Its technologies include e-mobility (Coil Driver) and stationary energy storage (Cell Driver). The Coil Drive technology 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. The Cell Driver technology is a fully integrated energy storage system designed for commercial and industrial applications. Its SEA-Drive power system provides a complete e-propulsion solution to original equipment manufacturers. It encompasses everything from high-capacity batteries and electric motors to next-generation control units.
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