Sector: Consumer Cyclicals | Industry: Recreational Products |
Company Contact | |
Address: | 2695 Dollard Ave MONTREAL QC H8N 2J8 |
Tel: | 1-416-3338374 |
Website: | https://ir.taigamotors.ca |
IR: | See website |
Key People | ||
Samuel Bruneau Chief Executive Officer, Co-Founder, Director | Eric Bussieres Chief Financial Officer | Douglas Braswell Vice President - Electrification Operations |
Mike Jelinek Vice President - Supply Chain | Anne Plamondon General Counsel, Corporate Secretary |
Business Overview |
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. |
Financial Overview |
For the nine months ended 30 September 2023, Taiga Motors Corp revenues increased from C$1.8M to C$10M. Net loss increased 41% to C$50.3M. Revenues reflect Research and development segment increase from C$141K to C$8.3M. Higher net loss reflects General and administration increase of 59% to C$13.6M (expense), Finance costs on loans and borrowing increase from C$23K to C$3.1M (expense). |
Employees: | 269 as of Dec 31, 2022 |
Reporting Currency: | Canadian Dollars |
Enterprise value: | $10.72M as of Sep 30, 2023 |
Annual revenue (TTM): | $11.39M as of Sep 30, 2023 |
EBITDA (TTM): | -$63.21M as of Sep 30, 2023 |
Net annual income (TTM): | -$74.13M as of Sep 30, 2023 |
Free cash flow (TTM): | -$72.70M as of Sep 30, 2023 |
Net Debt Last Fiscal Year: | $46.03M as of Sep 30, 2023 |
Shares outstanding: | 31,825,712 as of Sep 30, 2023 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |