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Sid Rajeev, Head of Research at FRC, will share his thoughts on the rapidly growing market for cigarette alternatives.
Setti Coscarella, CEO of TAAT Global Alternatives, joins us to talk about their nicotine-free cigarettes and aggressive marketing plans.
-TAAT generated $691K in revenue in Q2-FY2021 (quarter ended April 2021), up 317% QoQ, beating our expectations. We are raising our 2021 forecast from $2.44M to $2.92M.
-Named “Best New Product” at convention in Las Vegas, Nevada. We are pleased to see TAAT products receive positive reviews from consumers. In our most recent report dated July 16, 2021, we had raised our 2021 revenue forecast from $2.44M to $2.92M.
-The company continues to market aggressively. Marketing expenses increased 192% QoQ to $2.9M in Q2. Management has not disclosed their marketing budget for this year. We are expecting a 15% increase in Q3.
-Healthy cash position of $14.2M, and zero debt, at the end of Q2.
-Applied to list common shares on the NASDAQ.
-We are expecting record revenue in Q3.
CEO of TAAT Global Alternatives
Head of Research at FRC