---
schema_version: "secwatch.filing_event.v1"
accession: "0001731122-24-000806"
form_type: "8-K"
ticker: null
cik: "0001901305"
company_name: "Forza X1, Inc."
filed_at: "2024-05-15T23:59:59+00:00"
generated_at: "2026-06-01T23:41:25.035064+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "low"
source: SEC EDGAR
---

# Forza X1 Q1 2024: Cash down to $9.95M; no revenue/EPS disclosed

## Summary
- Cash and equivalents $9.95M vs $12.80M at Dec 31, 2023 – burn of ~$2.85M in Q1.
- Company reports reduced cash burn via lower SG&A and R&D spending.
- No revenue or net income figures provided; filing lacks standard financial data.
- Management cites deceleration in recreational marine EV demand and slower EV adoption.
- Implementing capital expenditure cuts, workforce optimization, and expense management.

## SEC filing metadata
- accession: 0001731122-24-000806
- form_type: 8-K
- cik: 0001901305
- company_name: Forza X1, Inc.
- filed_at: 2024-05-15T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: low
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1901305/000173112224000806/0001731122-24-000806-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1901305/000173112224000806/e5675_8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001731122-24-000806
- JSON: https://secwatch.observer/filing/0001731122-24-000806.json
- Plain text: https://secwatch.observer/filing/0001731122-24-000806.txt

## Key facts
- Earnings Releases
  Forza X1, Inc. reported financial results for three months ended March 31, 2024.
  - Period: three months ended March 31, 2024
  - Result: reported results
  source text: issued a press release announcing its financial results for the quarter ended March 31, 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/1901305/000173112224000806/0001731122-24-000806-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.