Forza X1, Inc.’s mission is to inspire the adoption of sustainable recreational boating by producing stylish electric sport boats. We are focused on the creation, implementation and sale of electric boats utilizing our electric vehicle technology to control and power our boats and proprietary outboard electric motor. Our electric boats are being designed as fully integrated electric boats including the hull, outboard motor and control system. For more information, please visit forzax1.com.
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)
8-K
Departure of Directors or Certain Officers
8 Feb 23
8-K
Forza X1 Announces Stock Repurchase Program
17 Jan 23
8-K
Departure of Directors or Certain Officers
20 Dec 22
8-K
Forza X1 Reports Third Quarter Results
8 Nov 22
10-Q
2022 Q3
Quarterly report
7 Nov 22
10-Q
2022 Q2
Quarterly report
25 Aug 22
8-K
Forza X1 and OneWater Marine Announce Strategic Partnership
18 Aug 22
8-K
Forza X1, Inc. Announces Pricing of Initial Public Offering
16 Aug 22
424B4
Prospectus supplement with pricing info
12 Aug 22
Latest ownership filings
SC 13G/A
Twin Vee PowerCats, Co.
10 Feb 23
3
Carrie L. Gunnerson
8 Feb 23
4
Kevin Schuyler
22 Dec 22
4
Kevin Schuyler
21 Dec 22
4
JOSEPH C VISCONTI
19 Dec 22
4
James Howard Leffew
16 Dec 22
4
Nicole Marie Camacho
16 Dec 22
4
Marcia Kull
15 Dec 22
4
James Howard Leffew
13 Dec 22
4
JOSEPH C VISCONTI
9 Dec 22
Financial summary
| Quarter (USD) | Sep 22 | Jun 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) | |||
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 13.94 mm | 13.94 mm | 13.94 mm | |||
| Cash burn (monthly) | (no burn) | 348.71 k | 294.65 k | |||
| Cash used (since last report) | n/a | 2.02 mm | 1.70 mm | |||
| Cash remaining | n/a | 11.93 mm | 12.24 mm | |||
| Runway (months of cash) | n/a | 34.2 | 41.5 | |||
Institutional ownership, Q3 2022
0.7% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 6 |
| Opened positions | 6 |
| Closed positions | 0 |
| Increased positions | 0 |
| Reduced positions | 0 |
| 13F shares | Current |
|---|---|
| Total value | 134.00 k |
| Total shares | 69.52 k |
| Total puts | 0.00 |
| Total calls | 0.00 |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| Tower Research Capital | 34.30 k | $66.00 k |
| Millennium Management | 20.85 k | $40.00 k |
| XTX Topco | 14.33 k | $28.00 k |
| RY Royal Bank Of Canada | 22.00 | $0.00 |
| WFC Wells Fargo & Co. | 20.00 | $0.00 |
| MS Morgan Stanley | 1.00 | $0.00 |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 22 Dec 22 | Schuyler Kevin | Common Stock | Buy | Acquire P | No | No | 1.142 | 5,000 | 5.71 k | 9,332 |
| 20 Dec 22 | Schuyler Kevin | Common Stock | Buy | Acquire P | No | No | 1.2 | 4,332 | 5.20 k | 4,332 |
| 15 Dec 22 | Nicole Marie Camacho | Stock Options (right to purchase) Common Stock | Grant | Acquire A | No | No | 1.33 | 10,000 | 13.30 k | 10,000 |
| 15 Dec 22 | James Howard Leffew | Stock Options (right to purchase) Common Stock | Grant | Acquire A | No | No | 1.33 | 100,000 | 133.00 k | 100,000 |
News
11 Consumer Discretionary Stocks Moving In Wednesday's Pre-Market Session
15 Mar 23
Why Blue Apron Shares Are Trading Lower By 12%; Here Are 20 Stocks Moving Premarket
13 Feb 23
12 Consumer Discretionary Stocks Moving In Friday's Pre-Market Session
3 Feb 23
11 Consumer Discretionary Stocks Moving In Monday's Pre-Market Session
30 Jan 23
12 Consumer Discretionary Stocks Moving In Friday's After-Market Session
27 Jan 23