Debt And Cash BurnExro had C$14.0M of cash, C$94.2M of debt, and a low working capital balance of C$8.2M after a significant quarterly cash burn of C$17.9M.
Financial PerformanceExro's projected revenue for 2025 has been reduced to C$82.0M, which is below the company's guidance and consensus estimates.
Stock Price And DilutionExro's stock price has decreased by 50% quarter-to-date, and there is anticipation of issuing equity to raise capital, which could be incrementally dilutive.