CALGARY, AB , Sept. 17, 2025 /PRNewswire/ - Exro Technologies Inc. (TSX: EXRO) ("Exro" or the "Company") announces that after consultation with its advisors and stakeholders, the directors of the Company have decided to discontinue its US business, operated through various US subsidiaries, and is reducing its non-essential US staff accordingly. ...

Company Performance - Exro Technologies Inc. reported a quarterly loss of $0.03 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.02, representing an earnings surprise of -50.00% [1] - The company posted revenues of $2.1 million for the quarter ended June 2025, missing the Zacks Consensus Estimate by 57.78%, and a decline from $3.85 million in the same quarter last year [2] - Over the last four quarters, Exro Technologies has not surpassed consensus EPS estimates and has topped revenue estimates only once [2] Stock Performance - Exro Technologies shares have declined approximately 40.2% since the beginning of the year, contrasting with a 10% gain in the S&P 500 [3] - The current consensus EPS estimate for the upcoming quarter is -$0.02 on revenues of $5.98 million, and for the current fiscal year, it is -$0.09 on revenues of $20.45 million [7] Industry Outlook - The Zacks Industry Rank for Electronics - Miscellaneous Products, which includes Exro Technologies, is currently in the bottom 33% of over 250 Zacks industries, indicating potential challenges ahead [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Exro's stock performance [5]

Core Viewpoint - Exro Technologies Inc. reported a decline in revenue for Q2 2025 due to slower electric vehicle adoption, while continuing its strategic review process and negotiations with potential partners [2][6]. Financial Results - Revenue for Q2 2025 was $2.9 million, down from $4.7 million in Q2 2024, attributed to reduced unit volumes [2]. - Gross margin per unit improved compared to the previous year, excluding inventory provisions [2]. - The net loss from continuing operations was $81.7 million, which included significant non-cash adjustments related to the company's strategic focus [2][7]. - The company accessed $10 million of a $30 million interim finance facility [6]. Strategic Update - The strategic review process initiated in May 2025 is ongoing, with active negotiations with credible strategic partners [2]. - The company completed a strategic wind-down of its Asia-Pacific operations while retaining intellectual property and key subsidiaries [6]. - A $48.5 million impairment of intangible assets was recorded, primarily due to the wind-down of APAC operations and updated production forecasts [7]. - An $11.1 million inventory provision was made to align inventory values with near-term production forecasts [7]. Company Overview - Exro Technologies Inc. specializes in power control solutions for electric vehicles and energy storage, having expanded through the acquisition of SEA Electric [3]. - The company offers innovative solutions such as Coil Driver™, Cell Driver™, and SEA-Drive®, aimed at enhancing the performance and efficiency of electric motors and batteries [3].

Company Performance - SiTime reported quarterly earnings of $0.47 per share, exceeding the Zacks Consensus Estimate of $0.29 per share, and up from $0.12 per share a year ago, representing an earnings surprise of +62.07% [1] - The company posted revenues of $69.49 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 7.51%, compared to revenues of $43.87 million in the same quarter last year [2] - Over the last four quarters, SiTime has consistently surpassed consensus EPS estimates [2] Stock Outlook - SiTime shares have underperformed the market, losing about 7.8% since the beginning of the year, while the S&P 500 has gained 7.1% [3] - The current consensus EPS estimate for the upcoming quarter is $0.46 on revenues of $72.44 million, and for the current fiscal year, it is $1.60 on revenues of $275.1 million [7] Industry Context - SiTime operates within the Zacks Electronics - Miscellaneous Products industry, which is currently ranked in the bottom 38% of over 250 Zacks industries [8] - The performance of SiTime's stock may be influenced by the overall outlook for the industry, as research indicates that the top 50% of Zacks-ranked industries outperform the bottom 50% by more than 2 to 1 [8]

Company Performance - Flux Power Holdings, Inc. reported a quarterly loss of $0.12 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.09, but an improvement from a loss of $0.16 per share a year ago, indicating a surprise of -33.33% [1] - The company posted revenues of $16.74 million for the quarter ended March 2025, exceeding the Zacks Consensus Estimate by 2.62% and showing an increase from $14.46 million in the same quarter last year [2] - Over the last four quarters, Flux Power has not surpassed consensus EPS estimates, but it has topped consensus revenue estimates twice [2] Stock Performance - Flux Power shares have increased by approximately 20.9% since the beginning of the year, contrasting with a decline of -4.3% in the S&P 500 [3] - The company's current consensus EPS estimate for the upcoming quarter is -$0.06 on revenues of $16.61 million, and for the current fiscal year, it is -$0.36 on revenues of $65.9 million [7] Industry Outlook - The Electronics - Miscellaneous Products industry, to which Flux Power belongs, is currently ranked in the bottom 40% of over 250 Zacks industries, suggesting potential challenges ahead [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Flux Power's stock performance [5]