Company Link: www.exro.com For our introductory post on Exro, please click here. Moving from idea to revenue As an early-stage, pre-revenue tech company, Exro’s ongoing challenge navigate both securing potential customers, while concurrently raising capital to fund its strategy and providing visibility to timing of revenue. Exro is currently constructing a world-class fabrication facility in Calgary, Alberta, which is expected to be complete in Q3 2023. Once completed, the facility will have the capability to produce 100,000 Coil Driver units per year, per 8-hour shift. Under the assumption the fabrication ultimately moves to 24-hr operation, this implies upside capacity of 300,000 units per year.
Quick question. What incremental Rev is included beyond the the forecasted coil drivers? Based on the unit forecast and price/unit there is an ~$7MM gap (2023). Is this Services revenue out of the Detroit facility, BCS, or a combination and just not disclosed on the table in your post above? TIA and its great to have some local representation for EXRO, looking forward to seeing more great work out of the 4Thoughts team.
To refresh our memories, which were the 'original seven pilot programs'? Thanks!
What happened to the original seven pilot programs that were supposed to lead to commercial contracts?