Forza X1 reports FY2023 results; cash flat at $12.8M, no revenue disclosed

Forza X1, Inc.

Cash and marketable securities ~$12.8M at Dec 31, 2023, virtually unchanged from $12.8M at Dec 31, 2022.
Announced autonomous AI technology partnership for recreational sport boats.
Construction of 60,000 sq ft manufacturing facility in Marion, NC progressing on schedule.
Outboard motor underwent extensive redesign; endurance testing underway with 2,000-hour test.
Discussions with marine manufacturers to offer electrification expertise as a service.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Forza X1, Inc. reported financial results for the year ended December 31, 2023.

Period: the year ended December 31, 2023
Result: reported results

Exact text from the filing

On March 26, 2024, Forza X1, Inc. (the “Company”) issued a press release announcing its financial results for the fiscal year ended December 31, 2023.

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Source: SEC EDGAR

accession 0001731122-24-000509

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