Produced 329 Nomad™ snowmobiles in the first quarter of 2024. Recorded $5.08 million in revenue from the delivery of 207 vehicles. Began deployment of enhanced omnichannel sales model adding dealerships supporting improved local sales & servicing of Taiga vehicles. Continued international market growth and secured electric snowmobile sales agreements to resort operators in Sweden, Italy and France, and watercraft distribution to U.A.E. and South America. MONTREAL, May 15, 2024 /CNW/ - Taiga Motors Corporation (TSX:TAIG) ("Taiga" or the "Company"), a leading electric off-road vehicle manufacturer, today reported its financial and operating results for the first quarter of 2024.Taiga reported $5.08 million from the sale of 207 vehicles during the first quarter ending March 31, 2024, showcasing revenue growth of 194% compared to the first quarter of 2023. During the quarter, the Company launched an evolution of its omnichannel retail model, by adding established powersport dealerships as future points of sale alongside distribution and direct to customer sales to further accelerate its market penetration and better support customers in their local markets. Taiga continued building its international markets by initiating deliveries in Brazil and the U.A.E., and securing sales agreements in France, Italie and Sweden. First Quarter 2024 Operational Updates Produced 329 Nomad snowmobiles. Sold and delivered 207 vehicles, including 129 Orca™ PWC and 78 Nomad snowmobiles. Focused on strengthening its order book in line with its seasonal production plan by initiating the deployment of its dealer model in addition to its existing fleet, distributor and direct customer orders. Announced partnership with Alterra Mountain Company with snowmobile deliveries to 15 mountain resorts across North America. Implemented strategic cost reduction initiatives and adjusted its operations to better align seasonal production timing with dealer inventory levels. First quarter 2024 Financial Highlights (All amounts in Canadian dollars unless indicated otherwise) Recorded revenue of $5.08 million during the first quarter of 2024, compared to $1.72 million in the first quarter of 2023. Recorded Cost of Sales of $8.67 million during the first quarter of 2024, compared to $5.78 million in the first quarter of 2023 attributed to a higher ...