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Stock impact report

Forza X1, Inc. Reports Results for the Year Ended December 31, 2023 [Yahoo! Finance]

Forza X1, Inc. (FRZA) 
Company Research Source: Yahoo! Finance
reported operational highlights and financial results for the year ended December 31, 2023. Highlights for the Year Ended December 31, 2023: Cash, cash equivalents, and marketable securities were approximately $12,803,000 at December 31, 2023 compared to $12,767,000 at December 31, 2022. Announced Autonomous A.I Technology Partnership to create the world's first autonomously equipped recreational sport boats. Construction of a new 60,000 square foot state-of-the-art manufacturing facility in Marion, North Carolina, is progressing on schedule. "We aim to be among the first to develop and manufacture electric boats targeting the recreational market," said Joseph Visconti, Executive Chairman and Interim Chief Executive Officer of Forza X1, Inc. "Our mission is to build stylish recreational boats that provide a sustainable alternative to the recreational boating industry and solve fuel availability headaches in select markets. Focused on the creation and implementation of marine Show less Read more
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