Exro Technologies, Canada

future_will_tell hat am 01.12.2020 11:44 geschrieben:

Hier noch ein Artikel von seekingalpha.

https://seekingalpha.com/article/4392202-exro-technologies-is-disruptor-in-electric-motor-industry

Grüsse future

Danke für den Link, gute Zusammenfassung und auch interessant die Einschätzung von SUE zum Aktienkurs.

Ich denke der Anstieg kommt von hier:

Response from EXRO's Investor Relations Department, when asked why the company chose to do a recent offering even though they notably had a financial runway well through 2021. Copied from r/ExroTechnologies on Reddit, a great source for everything Exro:

Thank you for your email.

Although we had financial runway well into 2021 our recent offering was led by a large, clean technology focused, institutional investor based in Europe. We felt strengthening our balance sheet and having new institutional shareholders was a strategic move for Exro moving forward.

Jake Bouma VP Investor Relations Exro Technologies Inc.

jiroen hat am 09.12.2020 22:41 geschrieben:

Sollten sie nicht jetzt kommunizieren, wieviel Geld aufgenommen wurde?

Diese Info kommt schon noch , das letze Mal hat es auch glaube ich 1 oder 2 Tage gedauert. Ich vermute dass die Zeichner erst bis zum 8.Dezember das Geld einzahlen mussten und ich denke das wird abgewartet.

Noch ein interessanter Artikel aus redit, dort ist mittlerweile eine aktive EXRO Diskussion in Gange. Ueberrascht mich nicht wirklich dass da bei EXRO plötzlich Schweizer aktiv dabei sind ....

Haywood upgrades Exro to $8 CAD from $6

Haywood upgrade $8.00

Exro Technologies Inc.

(EXRO-V, $4.58)

RATING: BUY

TARGET: $8.00 (from $6.00)

RISK: Very High

RESUMING COVERAGE

One of Canada’s Next Billion Dollar Tech Companies in 2021? We Think So; Increasing Target to $8.00/sh

OUR TAKE

We are resuming coverage of Exro following the close of the Company’s oversubscribed equity financing for gross proceeds of $42 MM at $3.25/sh. With ~$10 MM in cash (no debt) prior to announcement, we were surprised at the time by the financing but see it as a positive on several fronts: 1) Exro is cashed up with a long runway to significantly advance both its coil driver and battery management technologies; 2) New major (unnamed) investor adds further credibility to the story. With the financial flexibility to accelerate proof-of-concept and deployment across several focus areas (coil driver and battery mgmt.) over the next twelve months we are revising our target price higher as we anticipate management is likely to continue to execute on value additive items in sectors highly sought after by investors, similar to the track record built through 2020. Reiterate our Buy Rating; Increasing Target Price to $8.00/sh (from $6.00).

KEY HIGHLIGHTS

Closes heavily oversubscribed equity offering. Exro has closed its November 24th announced $3.25/sh equity offering of $36.5 MM, ultimately closing on gross proceeds of $42 MM with execution of the over-allotment. With a lead order of $20 MM from an unnamed fund out of Switzerland, the deal was heavily oversubscribed. The fund is said to be a big deal in the electric vehicle investing space and was really the primary driver behind the timing of the raise. Interest in the offering was also evident in that the stock barely retraced to the offering price. Post close, the Company will be well capitalized with an estimated $50 MM in cash, no debt.

Use of proceeds points to the potential for interesting things to come. We found it intriguing that the stated use of proceeds from the offering was led by “for further research and development of the Company's intelligent battery management system”. While the statement went on to highlight“micro, light and commercial electric vehicle programs, marketing, capital investments and general working capital requirements” as uses, the focus for the Company (and certainly the excitement for investors) thus far has been on Exro’s Coil Driver technology for electronic gearing of electric motors. The battery management side of the business has been relatively quiet, but we think holds significant potential as it is designed to improve second life technology. Exro’s system will be designed to manage the charge and discharge levels of every cell within a battery pack with the electromagnetic current continuously adjusting for a more efficient, longer life span and greater range. The scalability and market for this type of solution could eclipse even the Coil Driver technology.

Upcoming catalysts could unlock more interest in the name. 1) In the next few weeks, we anticipate delivery to Potencia. Potencia Industrial is one of the top motor/generator manufacturers in Mexico. The company is approved by Mexico City to convert the city taxis and some of the major fleet and delivery vehicles from combustion engines to electrical power. In the next few weeks, Exro will supply a Coil Switching Driver that will enable maximum efficiency and powertrain performance for the application. With engineering validation achieved prior to shipping, we see a de-risking of the potential performance gains to be realized by Potencia and read-throughs to other new customers. 2) Published engineering validation results. We could see published results of the engineering validation of the 100V inverter that describe the gains in speed, torque, and efficiency of the technology before year end as well.

VALUATION

Exro trades at a blended 2022e/2023e EV/Revenue of 16.3x versus high growth proof-of-concept transitioning companies at 22.1x 2022/2023e EV/Revenue.

Sie haben geliefert news zu IBCS, scheinbar ist das ein 2. Standbein dass ich lange gar nicht beachtet habe. Jetzt bin ich richtig froh , dass sie sich Geld beschafft haben. Mit den 50 Millionen kan$, können sie nun auch in diesem Feld eine etwas grössere Kelle rühren. Bin mal so gespannt was SUE mit ihrer Mannschaft im 2021 alles hinbekommt. Mein Tipp für 2021 > 10 $