EVs and power storage. Technology allows one system to increase both power and torque at reduced cost. Moved into the small commercial space, due to expand, so should see significant revenue ramp up. Partnership with LNR on e-axle for trucks.


Excellent management team that has been consistent.
Growth in electric tech for vehicles and battery storage. 
Deal announcement with Linamar.
Growth in business has been strong.
Expecting ramp up in production going forward. 


EXRO makes self-optimizing motors and generators, and the stock is up 55% in the past year, bringing market cap to $381M. But it has minimal sales ($11M expected this year), not much cash (net debt $6M) losses and negative cash flow (-$32M in the last 12 months). It is going to need more capital. Insiders own 3%. Still, the tech is interesting and has potential. The partnerships look good. It has some patents filed. We do note it recently paid a bond interest payment in shares, which highlights its relatively tight financial structure. We also note the share count has more than doubled in the past three years. Overall, there is a lot of risk here, and with market cap near $400M investors have VERY high expectations already. It is the type of stock that will trade on news, and could do well in a risk-on market. But in a market correction it might get hit hard. No doubt there is potential here, but also a lot of risk. We would prefer a bit more solid of a financial foundation before buying. 
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Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research.

EPS of ($0.065) matched expectations and revenues of $1.81M doubled expectations of $0.9M. 
For the full-year the company generated sales of $2.2M, indicating its significant ramp up in revenues into the latter half of the year. Its revenue jump is attributable to the execution of engineering services agreements, however, its operating costs increased as a result of a higher headcount. The revenue jump is encouraging, however, its net less grew from ($24.6M) in the prior year to ($40.0M) in the most recent year. 
The company's balance sheet is OK and it continues to operate at a loss and with negative free cash flows. 
We would like to see the company accelerate its revenues faster than operating costs, and while its revenue growth and momentum look good, we would consider it to be a higher risk name at this point. 
We would be OK with this name as a high-risk name, while being mindful of its small-cap risks, significant unprofitability, and position sizing. 
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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 : 3 out of 5

Bullish - Buy Signals / Votes : 2

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 3

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

Is Exro Technologies Inc. a buy or a sell?

In the last year, 3 stock analysts published opinions about EXRO-X. 2 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Exro Technologies Inc..

Is Exro Technologies Inc. a good investment or a top pick?

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

Why is Exro Technologies Inc. stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Exro Technologies Inc. worth watching?

3 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.