Exro Technologies (OTCMKTS:EXROF) Releases Quarterly Earnings Results, Hits Expectations

Exro Technologies (OTCMKTS:EXROF) announced its earnings results on Monday. The company reported ($0.03) EPS for the quarter, hitting the consensus estimate of ($0.03), Zacks reports. The business had revenue of $4.82 million for the quarter, compared to the consensus estimate of $8.08 million. Exro Technologies had a negative return on equity of 83.07% and a negative net margin of 1,533.73%.

Exro Technologies Stock Down 10.0 %

OTCMKTS EXROF opened at $0.06 on Wednesday. The stock has a market capitalization of $32.14 million, a P/E ratio of -0.12 and a beta of 2.39. Exro Technologies has a 52 week low of $0.05 and a 52 week high of $0.68. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.54 and a current ratio of 1.19. The stock has a fifty day moving average of $0.07 and a 200-day moving average of $0.11.

Wall Street Analysts Forecast Growth

Separately, Maxim Group cut Exro Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th.

About Exro Technologies

Exro Technologies Inc focuses on developing generation power-control electronics in Canada. The company offers Exro Coil Driver, which allows the motor to switch between different operational profiles in real-time, as well as have multiple gears for scooters, electric bikes, recreational, light electric cars, motorcycles, fleet vans, electric buses, passenger vehicles, long-haul trucks, and industrial vehicles markets; and Exro Cell Driver, a stationary energy storage system for commercial and industrial energy storage applications.