Twin Vee PowerCats Co. Reports Results for First Quarter 2024 Operations [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 three months ended March 31, 2024. Highlights for three months ended March 31, 2024: (All comparisons are to the three months ended March 31, 2023 unless otherwise noted) Revenue for the three months ending March 31, 2024, decreased by 41% to $5,276,000 from $8,877,000 in the corresponding period of the previous year. Twin Vee's Gas-Powered boat segment adjusted net loss for the quarter ending March 31, 2024, was $669,500. Consolidated net loss for the three months ended March 31, 2024 was $2,335,000 which includes the net loss of Forza X1 of $1,168,000. The Company experienced a decline in demand for its products, compounded by higher interest rates, which deterred buyers of recreational vehicles and boats. Proactive measures were taken to mitigate economic challenges, including lowering production numbers, tightened financial controls, and a reduction i
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News
- Forza X1, Inc. Reports Results for the Three Months Ended March 31, 2024 [Yahoo! Finance]Yahoo! Finance
- Forza X1, Inc. Reports Results for the Three Months Ended March 31, 2024Accesswire
- Forza X1, Inc. Announces First Quarter 2024 Financial Results Call on May 15Accesswire
- Forza X1, Inc. (NASDAQ:FRZA) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Twin Vee PowerCats Co. Reports 4% Increase in Revenue for the Year Ended December 31, 2023 [Yahoo! Finance]Yahoo! Finance
FRZA
Sec Filings
- 5/20/24 - Form 144
- 5/15/24 - Form 10-Q
- 5/15/24 - Form 8-K
- FRZA's page on the SEC website