FRZA
Income statement / Annual
Last year (2023), Forza X1, Inc.'s total revenue was $37,118.00,
and the percentage change from the previous year is not available.
In 2023, Forza X1, Inc.'s net income was -$5.93 M.
See Forza X1, Inc.’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
| Operating Revenue |
$37,118.00
|
$0.00
|
$0.00
|
$0.00
|
| Cost of Revenue |
$157,637.00 |
$232,744.00 |
$3,208.00 |
$0.00 |
| Gross Profit |
-$120,519.00 |
-$232,744.00 |
-$3,208.00 |
$0.00 |
| Gross Profit Ratio |
-3.25 |
0 |
0 |
0 |
| Research and Development
Expenses |
$1.54 M
|
$957,220.00
|
$211,111.00
|
$0.00
|
| General & Administrative
Expenses |
$4.75 M
|
$2.40 M
|
$167,209.00
|
$0.00
|
| Selling & Marketing
Expenses |
$0.00
|
$314,596.00
|
$7,130.00
|
$0.00
|
| Selling, General &
Administrative Expenses |
$4.75 M
|
$2.40 M
|
$167,209.00
|
$0.00
|
| Other Expenses |
$185,900.00 |
$59,965.00 |
$3,208.00 |
$0.00 |
| Operating Expenses |
$6.47 M |
$3.42 M |
$381,528.00 |
$0.00 |
| Cost And Expenses |
$6.63 M |
$3.65 M |
$381,528.00 |
$0.00 |
| Interest Income |
$1,401.00 |
$14,752.00 |
$15,771.00 |
$0.00 |
| Interest Expense |
$3,694.00 |
$3,286.00 |
$15,771.00 |
$0.00 |
| Depreciation &
Amortization |
$185,900.00
|
$59,965.00
|
$3,208.00
|
$206,297.00
|
| EBITDA |
-$5.74 M
|
-$3.59 M
|
-$378,320.00
|
$0.00
|
| EBITDA Ratio |
-154.74 |
0 |
0 |
0 |
| Operating Income Ratio
|
-177.63
|
0
|
0
|
0
|
| Total Other
Income/Expenses Net |
$660,320.00
|
$23,178.00
|
-$76,023.00
|
$0.00
|
| Income Before Tax |
-$5.93 M |
-$3.63 M |
-$457,551.00 |
$0.00 |
| Income Before Tax Ratio
|
-159.84
|
0
|
0
|
0
|
| Income Tax Expense |
$0.00 |
-$23,178.00 |
$76,023.00 |
$0.00 |
| Net Income |
-$5.93 M |
-$3.61 M |
-$533,574.00 |
$0.00 |
| Net Income Ratio |
-159.84 |
0 |
0 |
0 |
| EPS |
-0.44 |
-0.35 |
-0.0762 |
0 |
| EPS Diluted |
-0.44 |
-0.35 |
-0.0762 |
0 |
| Weighted Average Shares
Out |
$13.37 M
|
$10.45 M
|
$7.00 M
|
$10.00 M
|
| Weighted Average Shares
Out Diluted |
$13.37 M
|
$10.45 M
|
$7.00 M
|
$10.00 M
|
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