Forza X1, Inc. financial data

Symbol
FRZA on Nasdaq
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 - Q2 2024 - Aug 14, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 2.48K % -42.7%
Quick Ratio 99.4 %
Debt-to-equity 3.68 % +36.4%
Return On Equity -42.4 % -4%
Return On Assets -40.9 % -3%
Operating Margin -19.1K %

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 15.8M shares 0%
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 +37.6%
Weighted Average Number of Shares Outstanding, Diluted 15.8M shares +37.6%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 37.1K USD
Cost of Revenue 89.6K USD -70.1%
Research and Development Expense 1.09M USD -26.9%
Operating Income (Loss) -7.1M USD -13.3%
Nonoperating Income (Expense) 659K USD +109%
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 -6.44M USD -8.26%
Earnings Per Share, Basic -0.37 USD/shares -38.5%
Earnings Per Share, Diluted -0.18 USD/shares -38.5%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 8.19M USD -50.4%
Marketable Securities, Current 0 USD
Cash, Cash Equivalents, and Short-term Investments 14.5M USD
Inventory, Net 273K USD -47.7%
Assets, Current 8.55M USD -50.3%
Property, Plant and Equipment, Net 4.57M USD +357%
Operating Lease, Right-of-Use Asset 30.4K USD -74.5%
Assets 13.2M USD -28.2%
Accounts Payable, Current 504K USD +537%
Accrued Liabilities, Current 27.8K USD -75.1%
Contract with Customer, Liability, Current 6.18K USD +6.47%
Liabilities, Current 585K USD +43.8%
Operating Lease, Liability, Noncurrent 23.1K USD
Liabilities 659K USD +32.3%
Retained Earnings (Accumulated Deficit) -14M USD -85.1%
Stockholders' Equity Attributable to Parent 12.5M USD -29.9%
Liabilities and Equity 13.2M USD -28.2%

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 0%
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 8.19M USD -50.4%
Interest Paid, Excluding Capitalized Interest, Operating Activities 3.13K USD +974%
Deferred Tax Assets, Valuation Allowance 875K USD +64.5%
Operating Lease, Liability 23.1K USD -79.5%
Depreciation 63.8K USD +32.3%
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 4.92M USD +335%
Operating Lease, Liability, Current 23.1K USD -74.2%
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 26.5M USD +4.49%
Depreciation, Depletion and Amortization 55.9K USD +56.7%
Share-based Payment Arrangement, Expense 293K USD -14.1%
Interest Expense 6.53K USD +119%