CALGARY, AB, Aug. 14, 2025 /PRNewswire/ – Exro Technologies Inc. (TSX:EXRO) (“Exro” or the “Company”), a leading technology company specializing in power control solutions for electric vehicles and energy storage, today announced its financial results for the second quarter ended June 30, 2025.
Q2 2025 Highlights
- Revenue of $2.9 million from the delivery of 18 electric propulsion units and aftersales services.
- Completed strategic wind-down of Asia-Pacific operations, retaining intellectual property and key subsidiaries.
- To date, accessed US$10.0 million of the up to US$30.0 million debt facility from an existing lender.
Financial Results
Revenue for Q2 2025 was $2.9 million, compared to $4.7 million in Q2 2024, reflecting reduced unit volumes in response to slower EV adoption rates. Gross margin per unit improved versus the prior year, excluding inventory provisions. Net loss from continuing operations was $81.7 million, which includes significant non-cash adjustments associated with the Company’s strategic focus. These adjustments include:
- A $48.5 million impairment …