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Stock impact report

Twin Vee PowerCats Co. Reports 4% Increase in Revenue for the Year Ended December 31, 2023 [Yahoo! Finance]

Forza X1, Inc. (FRZA) 
Company Research Source: Yahoo! Finance
distributor of recreational and commercial power boats, today reported operational highlights and financial results for fiscal year ended December 31, 2023. Highlights for fiscal year 2023 Revenue for the year ended December 31, 2023 increased 4% to $33,426,000 as compared to $31,988,000 in 2022. Twin Vee had a net loss of $2,348,000 for the year ended December 31, 2023, as compared to a net loss of $2,144,000 in 2022. Aquasport had a net loss of $1,482,897 for the year ended December 31, 2023. Forza X1 had a net loss of $ 5,933,000 for the year ended December 31, 2023, as compared to a net loss of $3,630,000 in 2022. Twin Vee's consolidated cash, cash equivalents, restricted cash and marketable securities were $21,218,000 on December 31, 2023, as compared to $26,249,000 on December 31, 2022. Announced Autonomous A.I. Technology Partnership to create the world's first autonomously equipped recreational sport boats. Forza announced construction of a new 60,000 square fo Show less Read more
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