07:47 AM EDT, 08/15/2025 (MT Newswires) -- Exro Technologies ( EXROF ) , which specializes in power control solutions for electric vehicles and energy storage, overnight Thursday reported a wider second-quarter net loss.

For the three-months ended June 30, the net loss rose to $78.9 million, or $0.13 per basic and diluted share, compared with $25.2 million, or $0.05 per share, a year earlier.

Revenue for the quarter decreased to $2.9 million compared with $4.7 million, a year-ago, reflecting reduced unit volumes in response to slower EV adoption rates.

The company also confirmed that its strategic review process remains ongoing and that it is in active negotiations with credible strategic partners. Exro ( EXROF ) continues to draw on its US$30 million interim finance facility.

Shares of the company closed down 6.3% to $0.075 on Thursday on the Toronto Stock Exchange.