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 |