Taiga Motors Corporation

TAIG

CA87402F1071

Recreational Products

Market Closed - Toronto S.E. Other stock markets 15:10:51 2024-05-08 EDT			5-day change	1st Jan Change
0.355 ^CAD	-4.05%		-17.44%	-60.11%

04-03	National Bank Downgrades Taiga Motors, Cuts Price Target to C$0.25	MT
04-02	Taiga Motors Corporation Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Taiga Motors Corporation Reports Production Results for the Fourth Quarter and Full Year 2023

March 11, 2024 at 03:30 pm

Taiga Motors Corporation reported production results for the fourth quarter and full year 2023. For the fourth quarter of 2023, the company produced 417 units, Taiga produced 243 Orca PWC and 174 Nomad snowmobiles.

For the year 2023, the company production totaled 1,056 vehicles, demonstrating a significant growth in production capacity over the 133 vehicles produced in 2022.

Latest news about Taiga Motors Corporation

National Bank Downgrades Taiga Motors, Cuts Price Target to C$0.25	04-03	MT
Taiga Motors Corporation Reports Earnings Results for the Full Year Ended December 31, 2023	04-02	CI
Taiga Up 3.2% As Its Q4 Loss Narrows; Temporarily Pauses Vehicle Production and Cuts Jobs; No More Forward Guidance	04-02	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	04-02	MT
Taiga Brief: Q4 Net loss decreased to $22.2 million compared to $23.8 million in the fourth quarter of 2022	04-02	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	04-02	MT
Taiga Motors Corp. Brief: Company working to finalize its 2023 annual audited financial statements and related documents	03-28	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	03-28	MT
Taiga Motors Corporation Announces Change of Fourth Quarter and Full Year 2023 Earnings Results Release Date	03-28	CI
Taiga to Supply Electric Snowmobiles to Alterra Mountain; Up 11.7%	03-13	MT
Taiga to Supply Electric Snowmobiles to Alterra Mountain	03-13	MT
Alterra Mountain Company Partners with Taiga Motors Corporation to Add Electric Snowmobiles to its Fleets Across 15 Ski Mountain Destinations	03-13	CI
Taiga Secures Additional Working Capital Facility With Export Development Canada, Provides Production Update	03-11	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	03-11	MT
Taiga Motors Corp. Brief: Says Secured Additional Working Capital Facility with Export Development Canada and Provided Production Update	03-11	MT
Taiga Motors Corporation Reports Production Results for the Fourth Quarter and Full Year 2023	03-11	CI
Taiga Motors Corporation Secures Additional Working Capital Facility with Export Development Canada	03-11	CI
Taiga Motors Signs Up Ventura as Exclusive Distributor in South America	01-17	MT
Taiga Motors Becomes Exclusive Snowmobile Provider of X Games Aspen 2024	01-12	MT
Taiga Motors Taps Delma Marine as Official Distributor in UAE	12-11	MT
Taiga Motors and Delma Marine Introduce Sustainable Electric Personal Watercrafts to the United Arab Emirates	12-11	CI
Taiga Motors Announces Its Exclusive PWC Partnership with the UIM E1 World Championship	11-28	CI
Taiga Motors Corp. Target Cut To C$1.40 From $2.25, Keeps Sector Perform Rating at National Bank	11-13	MT
Transcript : Taiga Motors Corporation, Q3 2023 Earnings Call, Nov 13, 2023	11-13
Taiga Motors Corp. Q3 Net Loss Widens Vs a Year Ago Despite Higher Revs; Cites Delayed "Ramp Up" On Some Models	11-13	MT

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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

2024-05-12 - Q1 2024 Earnings Release (Projected)

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Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

0.355 CAD

Average target price

0.5 CAD

Spread / Average Target

+40.85%

Consensus

Quarterly revenue - Rate of surprise

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