FRZA · Forza X1, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | - | $18.6K | - | - | - | - | - |
| Cost of Revenue | $11.9K | $26.8K | $29.6K | - | $66.5K | $13.0K | $49.9K | - | - | - |
| Gross Profit | ($11.9K) | ($26.8K) | ($29.6K) | - | ($66.5K) | ($13.0K) | ($11.1K) | - | - | - |
| R&D | $77.5K | $340.9K | $169.2K | - | $283.9K | $261.5K | $215.7K | - | - | - |
| SG&A | $212.8K | $247.5K | $277.1K | - | $125.9K | $334.3K | $77.9K | - | - | - |
| Total Operating Expenses | $852.5K | $2.92M | $1.29M | - | $1.26M | $1.58M | $2.08M | - | - | - |
| D&A | $64.7K | $63.8K | $55.9K | - | $50.5K | $11.3K | $7.7K | - | - | - |
| Operating Income | ($864.4K) | ($2.94M) | ($1.32M) | - | ($1.25M) | ($1.62M) | ($2.13M) | - | - | - |
| Interest Expense | $1.1K | $813 | $3.1K | - | $1.1K | $257 | $601 | - | - | - |
| Income Tax | $0 | - | $0 | - | - | - | - | - | - | - |
| Net Income | ($895.7K) | ($2.83M) | ($1.17M) | - | ($1.04M) | ($1.48M) | ($514.3K) | - | ($1.04M) | ($652.3K) |
| EPS - Basic | ($0.06) | ($0.18) | ($0.07) | - | ($0.12) | ($0.13) | - | - | - | - |
| EPS - Diluted | ($0.07) | ($0.18) | ($0.07) | - | - | ($0.13) | - | - | - | - |
Balance Sheet
| Line item | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $7.20M | $8.19M | $9.95M | $9.82M | $5.44M | $16.52M | $10.68M | $12.77M | $13.94M | $258.4K |
| Accounts Receivable | $125.0K | - | - | - | - | - | - | - | - | - |
| Inventory | $60.6K | $273.1K | $403.6K | $493.5K | $777.8K | $522.0K | $42.8K | - | - | $16.8K |
| Accounts Payable | $73.1K | $503.6K | $34.3K | $86.8K | $38.5K | $79.1K | $49.6K | $99.0K | $39.5K | $13.3K |
| Current Assets | $7.55M | $8.55M | $10.49M | $13.37M | $16.24M | $17.20M | $11.22M | $13.29M | $14.39M | $308.5K |
| Total Assets | $11.96M | $13.16M | $15.53M | $16.92M | $17.40M | $18.32M | $12.39M | $14.22M | $15.02M | $934.0K |
| Current Liabilities | $113.8K | $585.2K | $306.2K | $842.6K | $226.4K | $406.9K | $237.1K | $453.2K | $197.2K | $690.4K |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $180.9K | $658.6K | $384.7K | $901.3K | $289.7K | $497.7K | $355.8K | $521.7K | $197.2K | $690.4K |
| Stockholders' Equity | $11.78M | $12.50M | $15.15M | $16.02M | $17.11M | $17.82M | $12.04M | $13.70M | $14.82M | $1.54M |
| Retained Earnings | ($14.92M) | ($14.02M) | ($11.19M) | ($10.02M) | ($8.62M) | ($7.58M) | ($6.09M) | ($4.09M) | ($2.67M) | ($1.62M) |
Cash Flow
| Line item | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | ($1.21M) | - | - | - | ($425.5K) | - | - | - |
| Investing Cash Flow | - | - | $1.43M | - | - | - | ($39.9K) | - | - | - |
| Financing Cash Flow | - | - | ($83.4K) | - | - | - | ($698.8K) | - | - | - |
| CapEx | - | - | $1.54M | - | - | - | $39.9K | - | - | - |
| Free Cash Flow | - | - | ($2.75M) | - | - | - | ($465.4K) | - | - | - |
Ratios
| Metric | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | -358.5% | - | - | - | - | - |
| Operating margin | - | - | - | - | -6746.2% | - | - | - | - | - |
| EBITDA margin | - | - | - | - | -6474.2% | - | - | - | - | - |
| Net margin | - | - | - | - | -5618.1% | - | - | - | - | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | - | - | 2.35 | - | - | - | 0.90 | - | - | - |
| R&D / Revenue | - | - | - | - | 1529.9% | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | 678.1% | - | - | - | - | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -7.5% | -21.5% | -7.5% | - | -6.0% | -8.1% | -4.2% | - | -6.9% | -69.8% |
| Return on equity | -7.6% | -22.7% | -7.7% | - | -6.1% | -8.3% | -4.3% | - | -7.0% | -42.3% |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 66.38 | 14.62 | 34.24 | 15.87 | 71.75 | 42.27 | 47.32 | 29.32 | 72.94 | 0.45 |
| Quick ratio | 65.85 | 14.15 | 32.92 | 15.28 | 68.32 | 40.98 | 47.14 | 29.32 | 72.94 | 0.42 |
| Cash ratio | 63.27 | 13.99 | 32.50 | 11.66 | 24.03 | 40.59 | 45.05 | 28.17 | 70.68 | 0.37 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | -755.6x | -3620.4x | -420.9x | - | -1125.9x | -6301.6x | -3543.7x | - | - | - |
| Equity multiplier | 1.02 | 1.05 | 1.03 | 1.06 | 1.02 | 1.03 | 1.03 | 1.04 | 1.01 | 0.61 |
| Liabilities / Assets | 0.02 | 0.05 | 0.02 | 0.05 | 0.02 | 0.03 | 0.03 | 0.04 | 0.01 | 0.74 |
| Efficiency | ||||||||||
| Asset turnover | 0.00 | 0.00 | 0.00 | - | 0.00 | - | - | - | - | - |
| Inventory turnover | 0.20 | 0.10 | 0.07 | - | 0.09 | 0.02 | 1.17 | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | 1857d | 3713d | 4982d | - | 4267d | 14642d | 313d | - | - | - |
| Days payable outstanding | 2237d | 6849d | 423d | - | 211d | 2219d | 362d | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -100.0% | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | 82.1% | -106.3% | -166.9% | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 31.0% | -81.7% | 38.2% | - | - | - | - | - | - | - |
| Net income growth (YoY) | 14.1% | -90.9% | -127.1% | - | 0.0% | -127.5% | - | - | - | - |
| EPS growth (YoY) | - | -38.5% | - | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | -490.9% | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -31.2% | -29.9% | 25.8% | 16.9% | 15.4% | 1055.6% | - | - | - | - |
Peer comparison
Same SIC group: Ship & Boat Building & Repairing
Comparing Forza X1 against the 5 most active filers in the same SIC group.