Brief: Exro Launches Post-Acquisition Transformation And Releases Q1 Financial Results

Exro Technologies

16/05/2024 04:05

May 15 (Reuters) - Exro Technologies Inc  EXRO.TO :
    * EXRO LAUNCHES POST-ACQUISITION TRANSFORMATION AND RELEASES
Q1
FINANCIAL RESULTS
    * EXRO - IMPLEMENTING TEAM INTEGRATION, COST CUTTING
MEASURES
WHICH TARGET AN ANNUALIZED REDUCTION IN G&A EXPENSES OF UP TO
US$10 MILLION IN 2024
    * ANTICIPATES ADDITIONAL EFFICIENCIES TO BE REALIZED AND
ALIGNED
WITH A TARGETED PATH TO PROFITABILITY BY Q2 2025

Source text for Eikon:  ID:nCNWTF7nXa 
Further company coverage:  EXRO.TO 

 ((Reuters.Briefs@thomsonreuters.com;))