Forza X1, Inc. financial data

Symbol
FRZA on OTC
Industry
Ship & Boat Building & Repairing
Location
3101 S. Us 1, Ft. Pierce, FL
State of incorporation
DE
Fiscal year end
December 31
Latest financial report
10-Q - Q3 2024 - Nov 14, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 2.16K % -50.6%
Quick Ratio 66.6 %
Debt-to-equity 3.83 % +39.7%
Return On Equity -45.4 % -15.6%
Return On Assets -43.7 % -14.4%
Operating Margin -36.2K %

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 15.8M shares -0.05%
Common Stock, Shares, Outstanding 15.8M shares
Entity Public Float 23.2M USD -70.4%
Common Stock, Value, Issued 15.8K USD 0%
Weighted Average Number of Shares Outstanding, Basic 15.8M shares -0.19%
Weighted Average Number of Shares Outstanding, Diluted 15.8M shares -0.19%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 18.6K USD -100%
Cost of Revenue 89.9K USD -63.2%
Research and Development Expense 1.1M USD -12.7%
Operating Income (Loss) -6.72M USD -3.72%
Nonoperating Income (Expense) 422K USD -18.6%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -1.48M USD -127%
Income Tax Expense (Benefit) 0 USD
Net Income (Loss) Attributable to Parent -6.29M USD -5.66%
Earnings Per Share, Basic -0.36 USD/shares +14.3%
Earnings Per Share, Diluted -0.36 USD/shares +14.3%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 7.2M USD +32.4%
Marketable Securities, Current 0 USD -100%
Cash, Cash Equivalents, and Short-term Investments 14.5M USD
Accounts Receivable, after Allowance for Credit Loss, Current 125K USD
Inventory, Net 60.6K USD -92.2%
Assets, Current 7.55M USD -53.5%
Property, Plant and Equipment, Net 4.39M USD +317%
Operating Lease, Right-of-Use Asset 7.63K USD -92.2%
Assets 12M USD -31.3%
Accounts Payable, Current 73.1K USD +89.7%
Accrued Liabilities, Current 9.71K USD -86.9%
Contract with Customer, Liability, Current 6.18K USD
Liabilities, Current 114K USD -49.7%
Operating Lease, Liability, Noncurrent 23.1K USD
Liabilities 181K USD -37.6%
Retained Earnings (Accumulated Deficit) -14.9M USD -73%
Stockholders' Equity Attributable to Parent 11.8M USD -31.2%
Liabilities and Equity 12M USD -31.3%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -1.21M USD +23.5%
Net Cash Provided by (Used in) Financing Activities -83.4K USD +72.4%
Net Cash Provided by (Used in) Investing Activities 1.43M USD
Common Stock, Shares Authorized 100M shares +300%
Common Stock, Shares, Issued 15.8M shares 0%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 7.2M USD +32.4%
Interest Paid, Excluding Capitalized Interest, Operating Activities 3.13K USD +974%
Deferred Tax Assets, Valuation Allowance 875K USD +64.5%
Operating Lease, Liability 0 USD -100%
Depreciation 236K USD +28.1%
Payments to Acquire Property, Plant, and Equipment 1.54M USD +672%
Lessee, Operating Lease, Liability, to be Paid 23.2K USD -79.9%
Property, Plant and Equipment, Gross 4.76M USD
Operating Lease, Liability, Current 0 USD -100%
Lessee, Operating Lease, Liability, to be Paid, Year One 23.2K USD -66.7%
Operating Lease, Weighted Average Discount Rate, Percent 0.04 pure 0%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 153 USD -95%
Deferred Tax Assets, Operating Loss Carryforwards 875K USD +64.5%
Additional Paid in Capital 26.7M USD +3.82%
Depreciation, Depletion and Amortization 55.9K USD +56.7%
Share-based Payment Arrangement, Expense 293K USD -14.1%
Interest Expense 6.53K USD +119%