The off-road electric-vehicle maker said in its full-year financial results that its “ability to continue as a going concern for the next 12 months involves significant judgment and is dependent on, among other things, its ability to obtain necessary financing,” which could include private or public equity, or debt financing. (The Logic)

Talking point: Taiga recorded a nearly $60-million net loss last year, along with negative cash flows from operating activities of nearly $47 million. By the end of 2022, it had an accumulated deficit of about $276 million, it said, and its liabilities and expected expenditures for the next 12 months exceed its roughly $23 million in cash. It recently closed a roughly $40-million private placement of convertible debentures and a $30-million loan from Investissement Québec. It is looking for more funding. The company also cut its 2023 production outlook of 2,500 to 3,500 vehicle deliveries down to 1,700 to 1,900 units.