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  5. TAIG: Can you give an ypdate on this [Taiga Motors Corporation]
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Q: Can you give an ypdate on this
Asked by Don on February 22, 2024
5i Research Answer:

With market cap of only $28M, keep in mind we do not follow this closely. Shares are down 70% in a year. It has $52M in debt. Sales are ramping up, with $78M expected this year. But losses and highly negative cash flow continue. It is going to need a lot more capital. It has signed some new distribution partnerships but there has not been a lot of recent material news. We would consider it exceptionally risky and not attractive currently.