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Forza X1 Inc (FRZA) Annual Income Statement

Annual · GAAP · USD millions
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Reviewing income statement figures over time helps illustrate how Forza X1 Inc generates earnings and manages operating expenses.
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Annual Report, GAAP in USD millions
ITEM 		(Dec 31 2023)
2023 		(Dec 31 2022)
Revenues
Total Revenue0.58
Costs & Expenses
Cost of Goods and Services Sold0.12
Gross Profit-0.12
Selling, Administration, Marketing1.11
Depreciation & Amortization0.19
Research and Development Expense1.54
Other Operating Expense / -Income3.85
Total operating costs including COS7.17
Operating income / -loss-6.59
Interest Expense0.00
Interest Income0.00
Net Interest (-)Expense / Income0.00
Loss / -Gain on Investment-0.05
Other loss / -income-0.61
Total costs & expenses6.51
Income & Taxes
Income / -loss before income taxes-5.93
Income after income taxes-5.93
Income / -loss from continuing operations-5.93
Net income / -loss-5.93
Income / -loss to shareholder-5.93
EBIT-5.93
EBITD-5.74
EBITDA-5.74
Earnings Per Share
Basic EPS (excl. extra items)-0.44
Basic Net EPS-0.44
Basic shares outstanding (Mill. of Units)13.37
Diluted Net EPS-0.44
Diluted average shares (Mill. of Units)13.37
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About Forza X1 Inc Annual Income Statement

What this statement shows

This page presents issuer-reported income statement data, detailing revenue, operating costs, expenses, and earnings as disclosed in SEC 10-K filings and standardized by CSIMarket. The income statement reflects operating performance over a reporting period rather than financial position at a single date.

Revenue and expense treatment

Revenue and expense items are aligned to support period-to-period comparability. Operating and non-operating items, interest, and income taxes are classified based on issuer disclosures and XBRL tagging.

Source & verification

  • Source: SEC 10-K filings
  • Filed with the SEC: March 27, 2024
  • Original filing: e5513_10k.htm

Income statement figures represent operating results for each reporting period and may be revised in subsequent filings.

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