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  5. EXRO: Any comments about EXRO Technologies? [Exro Technologies Inc.]
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Q: Any comments about EXRO Technologies? Over 5 years EXRO has seen $6.50 now at $0.50
Asked by Michael on June 27, 2024
5i Research Answer:

The company saw a big pop in 2021 on EV hype for the Coil Drivers it sells. It has never really had significant revenues or positive free cash flows. If EV demand booms the stock could do better, but overall we are not too interested here. EV's are integrated enough today that we would hope demand were higher. While it has displayed some growth, it is too small and not profitable. Additionally, the declining trends in EV demand have made it look less attractive contributing to the decline.