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Forza X1 Inc   (NASDAQ: FRZA)
Other Ticker:  
 
    Sector • Capital Goods    Industry • Ship & Boat Building
 
Price: $0.2000 $0.00 0.000%
Day's High: $0.28 Week Perf: 0.00
Day's Low: $ 0.17 30 Day Perf: -2.44 %
Volume (M): 38 52 Wk High: $ 0.40
Volume (M$): $ 8 52 Wk Avg: $0.25
Open: $0.17 52 Wk Low: $0.13



 Market Capitalization (Millions $) 3
 Shares Outstanding (Millions) 16
 Employees 23
 Revenues (TTM) (Millions $) 1
 Net Income (TTM) (Millions $) -6
 Cash Flow (TTM) (Millions $) 2
 Capital Exp. (TTM) (Millions $) 5

Forza X1 Inc
Forza X1 Inc is a high-performance automotive company that specializes in manufacturing sports cars. They are known for their cutting-edge technology and innovative designs. With a strong focus on performance and speed, Forza X1 Inc has gained a reputation for producing some of the fastest and most powerful cars in the industry. They offer a range of models to cater to different driving preferences and have a dedicated team of engineers and designers working constantly to push the boundaries of automotive excellence.


   Company Address: 3101 S. US-1 Ft. Pierce 34982 FL
   Company Phone Number: 429-2525   Stock Exchange / Ticker: NASDAQ FRZA


   

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Forza X1 Inc

Diminishing Returns Escalate at Forza X1 Inc Throughout Fiscal Q1 2024

As a financial journalist for The CSIMarket.com, I am tasked with interpreting the latest financial results of companies in order to provide insight into their performance for our readers. Today, I will be analyzing the fiscal first quarter results of Forza X1 Inc (FRZA) for the year 2024.
In the first quarter of 2024, FRZA reported a shortfall per share of $-0.07, compared to breakeven earnings per share of $0.00 a year ago. Earnings per share also fell from $0.07 in the preceding reporting season. Despite this decline in profitability, the company did experience growth in revenue, with a 5.954% increase to $0.13 million from $0.12 million in the same period last year. However, sequentially, revenue tumbled by -55.563% from $0.30 million.
Forza X1 Inc

Forza X1 Inc Sees Solid Gain in Shares Despite March Dip

Forza X1 Inc, a ship and boat building company, has recently experienced a solid gain of 9.7% in its shares over the past week. However, the company's shares went down by -12.94% during the course of March. Currently, Forza X1 Inc shares are trading at only 24.5% above its 52-week low.
In terms of financial performance, Forza X1 Inc reported an income per share of $0.07 for the financial interval closing on December 31, 2023. This is the same as the previous year's value of $0.00 per share. Importantly, the company turned its income per share positive, as it had a negative value of -$0.07 per share in the previous reporting season.
Forza X1 Inc

Forza X1 Inc Displays Resilience with Revenue of $0.018559 Million Amid Global Economic Uncertainty

FORZA X1 INC REPORTS NET SHORTFALL BUT SHOWS SIGNS OF RECOVERY
March 1, 2024
Ship & Boat Building Company, a prominent player in the industry, announced that it has generated revenue of $0.018559 million in the fiscal third quarter of 2023. The company's financial performance during this period has been commendable, especially considering the challenging circumstances it faced due to the ongoing global economic uncertainty.
Diving deeper into the financials, Forza X1 Inc, the parent company of Ship & Boat Building, realized a net shortfall of $-1.046 million during the fiscal third quarter of 2023. This figure is slightly larger than the net shortfall of $-1.043 million reported a year ago. Despite this setback, the company appears to be making noteworthy efforts to improve its bottom line.
Forza X1 Inc

Forza X1 Inc Faces Challenging Times: Marine Transportation Giant Reports $2 Million Loss in Q1 2023

In recent financial news, Forza X1 Inc, a prominent player in the Marine Transportation industry, has announced operating losses for the first quarter of 2023. According to the company's financial reports, Forza X1 Inc reported a $-2.129751 million operating shortfall for the period between January and March 2023, representing a significant drop compared to last year's break-even results.
Moreover, the company disclosed a net loss of $-2.005 million for the fiscal period ending March 31, 2023, which is a considerable decrease from profits generated in the corresponding reporting period the previous year. This decline highlights the significant challenges facing the Marine Transportation industry, as Forza X1 Inc's results suggest a general slowdown in the sector's performance overall.






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