the forza x1 mission is the production of an affordable all-electric recreational boat, without compromising performance, speed, or comfort. our goal is to inspire the adoption of recreational sustainable boating by creating stylish and affordable electric boats for mass appeal. forza x1 is committed to the notion that marine electrification is the future of recreational boating.
Company profile
Ticker
FRZA
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
IRS number
873159685
FRZA stock data
Latest filings (excl ownership)
S-8
Registration of securities for employees
10 Apr 24
8-K
Departure of Directors or Certain Officers
10 Apr 24
8-K
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard
3 Apr 24
8-K
Departure of Directors or Certain Officers
2 Apr 24
8-K
Results of Operations and Financial Condition
27 Mar 24
10-K
2023 FY
Annual report
27 Mar 24
8-K
Departure of Directors or Certain Officers
13 Mar 24
8-K
Departure of Directors or Certain Officers
8 Mar 24
8-K
Avikus, Forza X1, Inc. and Twin Vee PowerCats Co. Announce Plans for the Future of Recreational Boating with Autonomous A.I. Technology Partnership
11 Jan 24
424B5
Prospectus supplement for primary offering
21 Dec 23
Latest ownership filings
3
Michael Patrick Dickerson
11 Apr 24
3
Daniel Norton
13 Mar 24
4
James Howard Leffew
6 Oct 23
4
JOSEPH C VISCONTI
6 Oct 23
4
Carrie L. Gunnerson
6 Oct 23
4
JOSEPH C VISCONTI
18 Aug 23
4
Carrie L. Gunnerson
18 Aug 23
3/A
Carrie L. Gunnerson
18 Aug 23
SC 13G
Twin Vee PowerCats, Co.
30 Jun 23
SC 13G/A
Twin Vee PowerCats, Co.
10 Feb 23
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | |
---|---|---|
Revenue | ||
Cost of revenue | ||
Operating income | ||
Operating margin | ||
Net income | ||
Net profit margin | ||
Cash on hand | ||
Change in cash | ||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 5.44 mm | 5.44 mm | 5.44 mm | 5.44 mm | 5.44 mm | 5.44 mm |
Cash burn (monthly) | 3.69 mm | 708.49 k | 417.34 k | 539.52 k | 331.71 k | 410.32 k |
Cash used (since last report) | 25.52 mm | 4.90 mm | 2.88 mm | 3.73 mm | 2.29 mm | 2.84 mm |
Cash remaining | -20.08 mm | 543.15 k | 2.55 mm | 1.71 mm | 3.15 mm | 2.60 mm |
Runway (months of cash) | -5.4 | 0.8 | 6.1 | 3.2 | 9.5 | 6.3 |
Institutional ownership, Q2 2023
50.5% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 9 |
Opened positions | 6 |
Closed positions | 3 |
Increased positions | 1 |
Reduced positions | 1 |
13F shares | Current |
---|---|
Total value | 1.39 bn |
Total shares | 7.96 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
VEEE Twin Vee PowerCats | 7.00 mm | $10.50 mm |
Sabby Management | 393.41 k | $578.31 mm |
AWM Investment | 334.41 k | $491.58 mm |
Lynwood Capital Management | 200.00 k | $294.00 mm |
Commonwealth Equity Services | 17.00 k | $25.00 k |
Tower Research Capital | 6.39 k | $9.39 mm |
Advisor | 3.83 k | $5.62 mm |
MS Morgan Stanley | 489.00 | $719.00 k |
WFC Wells Fargo & Co. | 23.00 | $34.00 k |
Proequities | 0.00 | $0.00 |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
4 Oct 23 | Gunnerson Carrie L. | Stock Option Common Stock | Grant | Acquire A | No | No | 0.6963 | 25,000 | 17.41 k | 25,000 |
4 Oct 23 | Joseph C Visconti | Stock Option Common Stock | Grant | Acquire A | No | No | 0.6963 | 144,000 | 100.27 k | 144,000 |
4 Oct 23 | James Howard Leffew | Stock Option Common Stock | Grant | Acquire A | No | No | 0.6963 | 144,000 | 100.27 k | 144,000 |