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TUGA Innovations Inc. (C:TUGA)

Business Focus: Electrical Components & Equipment (NEC)

Sector:  Industrials Industry:  Electrical Components & Equipment
 
Company Contact
Address: 409 Granville Street, Suite 1000
VANCOUVER BC V6C 1T2
Tel: N/A
Website: https://tugainnovations.com
IR: See website
Key People
John Hagie
Chief Executive Officer, Director
Faizaan Lalani
Chief Financial Officer, Corporate Secretary, Director
Cesar Barbosa
Vice President
Business Overview
TUGA Innovations, Inc. is a Canada-based development-stage electric vehicle company. The Company is involved in the conception, design, and production of specialized electric vehicles (EVs). The Company's principal business activity is to reduce urban mobility difficulties by developing a three- wheeled, fully electric fore-and-aft two seat vehicles. From automotive design and production, architecture, marketing, virtual and augmented reality creation, through high-tech business development, the Company is focused on providing a suite of products and services. The Company's TUGA vehicle is being designed to deliver an estimated 160 kilometers (km) range, have an estimated top speed of 140 km/hour with the comforts of a car, and with more protection than a motorcycle in an interchangeable multi-body, multi-function platform. Its digital integration specifications include network, sensors, wireless and location, media and audio, camera, display, and storage.
Financial Overview
For the six months ended 31 January 2024, Tuga Innovations Inc revenues was not reported. Net loss decreased 39% to C$690K. Lower net loss reflects Research and development expenses (recov decrease from C$339K (expense) to C$12K (income), Share-based payments decrease of 95% to C$4K (expense), Advertising and promotion decrease from C$60K (expense) to C$0K.
Reporting Currency: Canadian Dollars
Enterprise value: $0.45M as of Jan 31, 2024
Annual revenue (TTM): $0.00M as of Jan 31, 2024
EBITDA (TTM): -$1.31M as of Jan 31, 2024
Net annual income (TTM): -$1.33M as of Jan 31, 2024
Free cash flow (TTM): -$0.15M as of Jan 31, 2024
Net Debt Last Fiscal Year: N/A
Shares outstanding: 99,183,528 as of Jan 31, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization