Produce coil drivers for electric motors, a huge industry. Their motors can have more torque, more speed, or both. Got financing, taking them closer to commercial production slotted for Q3. New contracts, building out their plant, about to turn the corner and produce revenue. No dividend. (Analysts’ price target is $2.86)
He follows it closely but doesn't own. Its technology advances the drive systems for EV's including bicycles, boats and cars. Once it is finished going through its trials, it should get longer term contracts. It will need to raise money and it will be affected by a possible recession. Has very good potential.
They make enhancements for electric motors, and have been moving into bikes and scooter and now moving into cars. Great opportunity here, but doesn't like the current pricing and lack of earnings. There's good demand for their products.
The technology is interesting, using an electric motor to increase torque. The new CEO is moving the company from an experiment towards actual contracts. Electric scooters are a great platform to introduce the technology. They have announced 5 different companies they are working with. Their cash burn is about $2 million per year and will need to do a financing in the next 12 months as they are not cash flow positive yet. If they land some contracts in the next 1-2 years, they will make some real money.
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Exro Technologies Inc.(EXRO-X) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for Exro Technologies Inc. is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Exro Technologies Inc.(EXRO-X) Frequently Asked Questions

What is Exro Technologies Inc. stock symbol?

Exro Technologies Inc. is a Canadian stock, trading under the symbol EXRO-X on the TSX Venture Exchange (EXRO-CV). It is usually referred to as TSXV:EXRO or EXRO-X

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In the last year, there was no coverage of Exro Technologies Inc. published on Stockchase.

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Exro Technologies Inc. was recommended as a Top Pick by on . Read the latest stock experts ratings for Exro Technologies Inc..

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0 stock analysts on Stockchase covered Exro Technologies Inc. In the last year. It is a trending stock that is worth watching.

What is Exro Technologies Inc. stock price?

On 2021-07-07, Exro Technologies Inc. (EXRO-X) stock closed at a price of $3.92.