Wednesday, October 16, 2019 10:35:32 AM
With a negative operating cash flow of -CA$2.05m, Exro Technologies is chipping away at its CA$881.98k cash reserves in order to run its business. Companies with high cash burn rates can eventually turn into ashes, which makes it the biggest risk an investor in loss-making companies face. Exro Technologies operates in the industrial machinery industry, which delivered positive earnings in the past year. This means, on average, its industry peers are profitable. Exro Technologies runs the risk of running down its cash supply too fast, or falling behind its profitable peers by investing too little.
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