Exro Technologies ( (EXROF) ) has released its Q2 earnings. Here is a breakdown of the information Exro Technologies presented to its investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Exro Technologies Inc. is a leading technology company specializing in power control solutions for electric vehicles and energy storage, known for its innovative products like Coil Driver™, Cell Driver™, and SEA-Drive®. The company recently reported its financial results for the second quarter of 2025, highlighting a revenue of $2.9 million from the delivery of 18 electric propulsion units and aftersales services. Despite a decrease in revenue compared to the previous year, Exro Technologies has improved its gross margin per unit and continues to focus on strategic adjustments. The company reported a net loss of $81.7 million, largely due to non-cash adjustments related to the strategic wind-down of its Asia-Pacific operations and inventory provisions. Exro Technologies is actively engaged in negotiations with strategic partners and continues to utilize its US$30 million interim finance facility. Looking ahead, the company remains committed to reshaping global energy consumption and advancing towards a more efficient and electrified economy.