Taiga Motors Corporation

TAIG

CA87402F1071

Recreational Products

Market Closed - Toronto S.E. Other stock markets 03:59:34 2024-06-07 pm EDT			5-day change	1st Jan Change
0.295 ^CAD	+1.72%		-1.67%	-66.85%

May. 15	Taiga Brief: Recorded $5.08 million in Q1 revenue from the delivery of 207 vehicle	MT
May. 15	Taiga Motors Corporation Reports Earnings Results for the First Quarter Ended March 31, 2024	CI

Taiga Motors Corporation Reports Earnings Results for the First Quarter Ended March 31, 2024

May 15, 2024 at 08:01 am EDT

Taiga Motors Corporation reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was CAD 5.08 million compared to CAD 1.73 million a year ago. Net loss was CAD 14.38 million compared to CAD 12.99 million a year ago.

Basic loss per share from continuing operations was CAD 0.45 compared to CAD 0.41 a year ago.

Latest news about Taiga Motors Corporation

Taiga Brief: Recorded $5.08 million in Q1 revenue from the delivery of 207 vehicle	May. 15	MT
Taiga Motors Corporation Reports Earnings Results for the First Quarter Ended March 31, 2024	May. 15	CI
Taiga Motors Expands Deliveries Of Fully Electric Snowmobiles In Europe	May. 13	MT
Taiga Brief: Expanding Deliveries of its Award-Winning Fully Electric Snowmobiles in Europe	May. 13	MT
National Bank Downgrades Taiga Motors, Cuts Price Target to C$0.25	Apr. 03	MT
Taiga Motors Corporation Reports Earnings Results for the Full Year Ended December 31, 2023	Apr. 02	CI
Taiga Up 3.2% As Its Q4 Loss Narrows; Temporarily Pauses Vehicle Production and Cuts Jobs; No More Forward Guidance	Apr. 02	MT
Taiga Brief: Company has decided that it does not currently intend to provide any forward-looking guidance, production or sales outlook in respect of Fiscal Year ending December 31, 2024 nor for any subsequent period	Apr. 02	MT
Taiga Brief: Q4 Net loss decreased to $22.2 million compared to $23.8 million in the fourth quarter of 2022	Apr. 02	MT
Taiga Brief: Recorded revenue of $6.1 million during the fourth quarter of 2023, compared to $1.4 million in the fourth quarter of 2022	Apr. 02	MT
Taiga Motors Corp. Brief: Company working to finalize its 2023 annual audited financial statements and related documents	Mar. 28	MT
Taiga Motors Corp. Brief: Says will now be releasing its fourth quarter and full year 2023 results on Tuesday, April 2, 2024 instead of the originally planned date of March 28, 2024	Mar. 28	MT
Taiga Motors Corporation Announces Change of Fourth Quarter and Full Year 2023 Earnings Results Release Date	Mar. 28	CI
Taiga to Supply Electric Snowmobiles to Alterra Mountain; Up 11.7%	Mar. 13	MT
Taiga to Supply Electric Snowmobiles to Alterra Mountain	Mar. 13	MT
Alterra Mountain Company Partners with Taiga Motors Corporation to Add Electric Snowmobiles to its Fleets Across 15 Ski Mountain Destinations	Mar. 13	CI
Taiga Secures Additional Working Capital Facility With Export Development Canada, Provides Production Update	Mar. 11	MT
Taiga Motors Corp. Brief: Adds Export Development Canada as agreed to upsize its existing senior secured credit facility available to Taiga by providing up to Near $5.25 million of additional funding	Mar. 11	MT
Taiga Motors Corp. Brief: Says Secured Additional Working Capital Facility with Export Development Canada and Provided Production Update	Mar. 11	MT
Taiga Motors Corporation Reports Production Results for the Fourth Quarter and Full Year 2023	Mar. 11	CI
Taiga Motors Corporation Secures Additional Working Capital Facility with Export Development Canada	Mar. 11	CI
Taiga Motors Signs Up Ventura as Exclusive Distributor in South America	Jan. 17	MT
Taiga Motors Becomes Exclusive Snowmobile Provider of X Games Aspen 2024	Jan. 12	MT
Taiga Motors Taps Delma Marine as Official Distributor in UAE	Dec. 11	MT
Taiga Motors and Delma Marine Introduce Sustainable Electric Personal Watercrafts to the United Arab Emirates	Dec. 11	CI

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Company Profile

Taiga Motors Corporation is a Canada-based company, which is reinventing the powersports landscape with electric off-road vehicles. The Company is focused on research and development, design, production, marketing and distribution of all-electric powersport vehicles. The first models released include a lineup of electric snowmobiles and personal watercraft to deliver to recreational and commercial customers. The Company has developed electric snowmobiles and personal watercraft vehicles. It completed deliveries of 145 vehicles, which consisted of 43 Orca Carbons personal watercraft and 102 Nomad snowmobiles to customers in Canada and the United States. Its Montreal headquarters contain its two leased facilities totaling approximately 180,000 square feet. The Company is developing its Montreal facility.

Sector

Recreational Products

Calendar

2024-06-27 - Annual General Meeting

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Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

0.295 CAD

Average target price

0.4 CAD

Spread / Average Target

+35.59%

Consensus

Quarterly revenue - Rate of surprise

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