Forza X1 (FRZA)

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)	7.20 mm	7.20 mm	7.20 mm	7.20 mm	7.20 mm	7.20 mm
Cash burn (monthly)	329.48 k	(no burn)	288.12 k	559.60 k	295.17 k	223.67 k
Cash used (since last report)	1.33 mm	n/a	1.16 mm	2.25 mm	1.19 mm	899.67 k
Cash remaining	5.88 mm	n/a	6.04 mm	4.95 mm	6.01 mm	6.30 mm
Runway (months of cash)	17.8	n/a	21.0	8.8	20.4	28.2

Beta Read what these cash burn values mean

Financial data from Forza X1 earnings reports.

Institutional ownership, Q2 2024

FRZA institutional ownership history Ownership history

44.9% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	3	1	+200.0%
Opened positions	2	0	NEW
Closed positions	0	0
Increased positions	0	0
Reduced positions	0	0

13F shares	Current	Prev Q	Change
Total value	28.09 mm	10.50 mm	+167.5%
Total shares	7.08 mm	7.00 mm	+1.1%
Total puts	0.00	0.00
Total calls	0.00	0.00
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
VEEE Twin Vee Powercats	7.00 mm	$10.50 mm	0.0%
Geode Capital Management	42.05 k	$17.57 mm	NEW
Commonwealth Equity Services	33.30 k	$13.00 k	NEW
Proequities	0.00	$0.00

Largest transactions	Shares	Bought/sold	Change
Geode Capital Management	42.05 k	+42.05 k	NEW
Commonwealth Equity Services	33.30 k	+33.30 k	NEW
Proequities	0.00	0.00
VEEE Twin Vee Powercats	7.00 mm	0.00	0.0%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

FRZA insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value
26 Nov 24	Michael Patrick Dickerson	Common Stock	Sale back to company	Dispose D	No	No	0	50,000	0.00
26 Nov 24	Joseph C Visconti	Common Stock	Sale back to company	Dispose D	No	No	0	98,442	0.00
26 Nov 24	Joseph C Visconti	Stock Option Common Stock	Sale back to company	Dispose D	No	No	0.6963	144,000	100.27 k
26 Nov 24	Joseph C Visconti	Stock Option Common Stock	Sale back to company	Dispose D	No	No	1.33	100,000	133.00 k
26 Nov 24	Joseph C Visconti	Stock Option Common Stock	Sale back to company	Dispose D	No	No	5	400,000	2.00 mm
26 Nov 24	Schuyler Kevin	Common Stock	Sale back to company	Dispose D	No	No	0	100,000	0.00
26 Nov 24	Schuyler Kevin	Stock Option Common Stock	Sale back to company	Dispose D	No	No	5	5,500	27.50 k
26 Nov 24	Marcia Kull	Common Stock	Sale back to company	Dispose D	No	No	0	4,605	0.00
26 Nov 24	Marcia Kull	Stock Option Common Stock	Sale back to company	Dispose D	No	No	5	5,500	27.50 k
26 Nov 24	Neil Ross	Common Stock	Sale back to company	Dispose D	No	No	0	31,117	0.00

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

News

From Benzinga Pro

Twin Vee PowerCats Co. and Forza X1, Inc. Shareholders Vote to Approve Merger Between Companies; Merged Company Will Operate Under The Twin Vee PowerCats Co. Name, And The Company's Common Stock Is Expected To Continue To Trade On Nasdaq Under Its Current Ticker Symbol, "VEEE"

13 Nov 24

Twin Vee PowerCats Co. (NASDAQ:VEEE), ("Twin Vee" or the "Company"), and Forza X1, Inc. (OTC:FRZA),("Forza"), today announced that their respective shareholders have voted to approve the previously announced merger

Press releases

From Benzinga Pro

Twin Vee PowerCats Co. Reports Third Quarter 2024 Results of Operations

14 Nov 24

FORT PIERCE, FL / ACCESSWIRE / November 14, 2024 / Twin Vee PowerCats Co. (NASDAQ:VEEE) ("Twin Vee" or the "Company"), a manufacturer of Twin Vee PowerCats and AquaSport boats known as offshore,

Twin Vee PowerCats Co. and Forza X1, Inc. Shareholders Vote to Approve Merger Between Companies

13 Nov 24

FORT PIERCE, FL / ACCESSWIRE / November 13, 2024 / Twin Vee PowerCats Co. (NASDAQ:VEEE), ("Twin Vee" or the "Company"), and Forza X1, Inc. (OTC:FRZA),("Forza"), today announced that their