Forza Innovations Inc Financials

FORZ

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2023 Currency USD FYE June

This page shows Forza Innovations Inc (FORZ) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 8 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI FORZ FY2023 2026-04-22

Forza’s clearest mechanic is survival through external financing as tiny sales sit beneath a liability-heavy balance sheet.

External funding has not rebuilt operating capacity: over the last two valid years, liabilities grew to $4.7M while assets fell to $91K. With cash still at $0 and share count massively higher, fresh capital appears to have serviced obligations more than strengthened the business.

The eye-catching gross margin of 76.5% can mislead here: on such a small revenue base, gross profit was just $88K, so even favorable unit economics cannot absorb routine overhead and financing costs. That means the constraint is not mainly product markup; it is the company’s inability to spread fixed costs over enough sales.

Short-dated obligations dominate the capital structure. In each of the last two valid years, current liabilities were essentially the whole liability stack, and the earlier current ratio had already slipped to 0.2x, which implies very little working-capital cushion and a business rhythm set by funding needs as much as by customer demand.

Financial Health Signals

Financial Profile 0/100

Based on FY2023 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Forza Innovations Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Leverage

Forza Innovations Inc has elevated debt relative to equity (D/E of -1.02), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.

Key Financial Metrics

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Earnings & Revenue

Revenue

$115K

YoY+343.0%

5Y CAGR-13.5%

Forza Innovations Inc generated $115K in revenue in fiscal year 2023. This represents an increase of 343.0% from the prior year.

EBITDA

N/A

Net Income

N/A

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

Forza Innovations Inc held $0 in cash against $0 in long-term debt as of fiscal year 2023.

Dividends Per Share

N/A

Shares Outstanding

1.36B

YoY+355.5%

Forza Innovations Inc had 1.36B shares outstanding in fiscal year 2023. This represents an increase of 355.5% from the prior year.

Margins & Returns

Gross Margin

76.5%

YoY-12.7pp

5Y CAGR+73.7pp

Forza Innovations Inc's gross margin was 76.5% in fiscal year 2023, indicating the percentage of revenue retained after direct costs. This is down 12.7 percentage points from the prior year.

Operating Margin

N/A

Net Margin

N/A

Return on Equity

N/A

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$82K

YoY+8.9%

Forza Innovations Inc invested $82K in capex in fiscal year 2023, funding long-term assets and infrastructure. This represents an increase of 8.9% from the prior year.

FORZ Income Statement

Metric	FY23	FY22	FY21	FY20	FY19	FY18
Revenue	$115K+343.0%	$26K	$0-100.0%	$605K-21.2%	$769K+224.6%	$237K
Cost of Revenue	$27K+863.4%	$3K	$0-100.0%	$398K-13.0%	$458K+99.1%	$230K
Gross Profit	$88K+280.0%	$23K	$0-100.0%	$207K-33.4%	$311K+4488.3%	$7K
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$299K+96.4%	$152K+153.2%	$60K+80.9%	$33K-58.0%	$79K+88.9%	$42K
Operating Income	N/A	-$1.9M-3057.4%	-$60K-80.9%	-$33K-120.5%	$162K+337.5%	-$68K
Interest Expense	$234K+55.8%	$150K+477.5%	$26K-40.6%	$44K+106.9%	$21K+168.3%	$8K
Income Tax	$0	$0	$0	$0-100.0%	$38K	N/A
Net Income	N/A	N/A	N/A	-$321K-412.4%	$103K+234.7%	-$76K
EPS (Diluted)	N/A	N/A	N/A	$0.00	$0.00	$0.00

Metric	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22
Revenue	$8K-75.9%	$32K+129.5%	$14K-64.8%	$40K+26.4%	$32K+9.1%	$29K	N/A	N/A
Cost of Revenue	$14-99.0%	$1K+318.8%	$341-4.2%	$356-98.3%	$21K+281.6%	$5K	N/A	N/A
Gross Profit	$8K-74.9%	$31K+124.8%	$14K-65.4%	$40K+264.8%	$11K-53.9%	$24K	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$14K-12.6%	$16K-79.4%	$75K-5.9%	$80K-0.1%	$80K+26.7%	$63K	N/A	$224K
Operating Income	-$17K-1037.5%	-$2K	N/A	-$298K+31.0%	-$432K+15.8%	-$513K	N/A	-$407K
Interest Expense	$66K+8.0%	$61K-38.5%	$99K+81.5%	$55K+157.2%	$21K-64.1%	$59K	N/A	$73K
Income Tax	$0	$0	N/A	N/A	$0	$0	N/A	N/A
Net Income	N/A	N/A	N/A	-$1.1M-25.2%	-$862K-2.9%	-$838K	N/A	-$999K
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

FORZ Balance Sheet

Metric	FY23	FY22	FY21	FY20	FY19	FY18
Total Assets	$91K-80.2%	$463K+235.5%	$138K-83.7%	$848K+35.6%	$625K+19.0%	$526K
Current Assets	N/A	$301K+2101.1%	$14K-94.8%	$261K+17.1%	$223K+59.3%	$140K
Cash & Equivalents	$0	$0-100.0%	$14K-92.2%	$175K+2.7%	$170K+852.7%	$18K
Inventory	N/A	N/A	N/A	N/A	$0-100.0%	$8K
Accounts Receivable	N/A	N/A	N/A	$86K+63.6%	$53K-53.8%	$114K
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$4.7M+162.6%	$1.8M+325.5%	$421K-46.6%	$788K+49.5%	$527K-0.5%	$530K
Current Liabilities	$4.7M+162.6%	$1.8M+325.5%	$421K-1.5%	$427K+76.9%	$241K+24.2%	$194K
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$4.6M-247.2%	-$1.3M-369.4%	-$283K-568.0%	$60K-38.6%	$98K+2375.6%	-$4K
Retained Earnings	-$11.0M-76.8%	-$6.2M-77.3%	-$3.5M-894.0%	-$352K-1049.7%	-$31K+77.1%	-$133K

Metric	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22
Total Assets	$73K-17.0%	$88K-3.3%	$91K-63.7%	$252K-10.5%	$282K-44.1%	$504K+9.0%	$463K-21.8%	$591K
Current Assets	$1K	N/A	N/A	$59K-16.2%	$70K-74.4%	$274K-8.8%	$301K-30.0%	$430K
Cash & Equivalents	$1K	N/A	$0-100.0%	$13K	$0	$0	$0-100.0%	$430K
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$4.3M-17.5%	$5.3M+11.7%	$4.7M+61.1%	$2.9M+34.4%	$2.2M+2.2%	$2.1M+18.8%	$1.8M-2.3%	$1.8M
Current Liabilities	$4.3M-17.5%	$5.3M+11.7%	$4.7M+61.1%	$2.9M+34.4%	$2.2M+2.2%	$2.1M+18.8%	$1.8M-2.3%	$1.8M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$4.3M+17.5%	-$5.2M-12.0%	-$4.6M-72.9%	-$2.7M-41.1%	-$1.9M-16.5%	-$1.6M-22.2%	-$1.3M-7.0%	-$1.2M
Retained Earnings	-$10.7M+7.6%	-$11.6M-5.9%	-$11.0M-22.0%	-$9.0M-13.7%	-$7.9M-12.3%	-$7.0M-13.5%	-$6.2M-6.0%	-$5.8M

FORZ Cash Flow Statement

Metric	FY23	FY22	FY21	FY20	FY19	FY18
Operating Cash Flow	N/A	-$712K-1174.2%	$66K+206.7%	$22K-90.4%	$225K+322.2%	-$101K
Capital Expenditures	$82K+8.9%	$76K+89.0%	$40K	$0-100.0%	$58K	N/A
Free Cash Flow	N/A	-$788K-3095.6%	$26K+21.7%	$22K-87.1%	$167K	N/A
Investing Cash Flow	-$129K-70.0%	-$76K+31.3%	-$110K+57.0%	-$256K-343.6%	-$58K+85.5%	-$397K
Financing Cash Flow	N/A	$1.1M+1761.0%	$57K-76.0%	$239K+1689.4%	-$15K-103.0%	$496K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22
Operating Cash Flow	N/A	N/A	-$43K+73.6%	-$161K+48.7%	-$315K-28.6%	-$245K-12.1%	-$218K+31.4%	-$318K
Capital Expenditures	N/A	N/A	$0-100.0%	$4+200.0%	-$4-100.0%	$82K+305.9%	$20K	N/A
Free Cash Flow	N/A	N/A	-$43K+73.6%	-$161K+48.7%	-$315K+3.8%	-$327K-37.0%	-$239K	N/A
Investing Cash Flow	N/A	N/A	$0+100.0%	-$28K-46.7%	-$19K+77.2%	-$82K-305.9%	-$20K	N/A
Financing Cash Flow	N/A	N/A	$30K-80.0%	$150K+35.7%	$111K-63.9%	$306K+192.5%	$105K-86.6%	$781K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

FORZ Financial Ratios

Metric	FY23	FY22	FY21	FY20	FY19	FY18
Gross Margin	76.5%-12.7pp	89.2%	N/A	34.2%-6.2pp	40.4%+37.6pp	2.9%
Operating Margin	N/A	-7342.9%	N/A	-5.5%-26.6pp	21.1%+50.0pp	-28.9%
Net Margin	N/A	N/A	N/A	-53.0%-66.4pp	13.4%+45.6pp	-32.2%
Return on Equity	N/A	N/A	N/A	-531.4%-635.8pp	104.4%	N/A
Return on Assets	N/A	N/A	N/A	-37.8%-54.3pp	16.4%+30.9pp	-14.5%
Current Ratio	N/A	0.17+0.1	0.03-0.6	0.61-0.3	0.92+0.2	0.72
Debt-to-Equity	-1.02+0.3	-1.35+0.1	-1.49-14.5	13.04+7.7	5.35+127.9	-122.51
FCF Margin	N/A	-3044.9%	N/A	3.6%-18.2pp	21.8%	N/A

Metric	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22
Gross Margin	99.8%+4.2pp	95.6%-2.0pp	97.6%-1.5pp	99.1%+64.8pp	34.3%-46.9pp	81.2%	N/A	N/A
Operating Margin	-223.5%-218.8pp	-4.7%	N/A	-745.8%+620.6pp	-1366.4%+404.6pp	-1771.0%	N/A	N/A
Net Margin	N/A	N/A	N/A	-2701.5%+25.4pp	-2726.8%+164.5pp	-2891.4%	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	-428.1%-122.1pp	-306.0%-139.8pp	-166.2%	N/A	-169.0%
Current Ratio	0.00	N/A	N/A	0.02-0.0	0.03-0.1	0.13-0.0	0.17-0.1	0.23
Debt-to-Equity	-1.020.0	-1.020.0	-1.02+0.1	-1.09+0.1	-1.15+0.2	-1.31+0.0	-1.35+0.1	-1.48
FCF Margin	N/A	N/A	-303.6%+100.3pp	-403.9%+591.6pp	-995.5%+133.2pp	-1128.7%	N/A	N/A

Note: Shareholder equity is negative (-$4.6M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

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Frequently Asked Questions

What is Forza Innovations Inc's annual revenue?

Forza Innovations Inc (FORZ) reported $115K in total revenue for fiscal year 2023. This represents a 343.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Forza Innovations Inc's revenue growing?

Forza Innovations Inc (FORZ) revenue grew by 343% year-over-year, from $26K to $115K in fiscal year 2023.

What is Forza Innovations Inc's gross margin?

Forza Innovations Inc (FORZ) had a gross margin of 76.5% in fiscal year 2023, indicating the percentage of revenue retained after direct costs of goods sold.

What are Forza Innovations Inc's total assets?

Forza Innovations Inc (FORZ) had $91K in total assets as of fiscal year 2023, including both current and long-term assets.

What are Forza Innovations Inc's capital expenditures?

Forza Innovations Inc (FORZ) invested $82K in capital expenditures during fiscal year 2023, funding long-term assets and infrastructure.

How many shares does Forza Innovations Inc have outstanding?

Forza Innovations Inc (FORZ) had 1.36B shares outstanding as of fiscal year 2023.

What is Forza Innovations Inc's debt-to-equity ratio?

Forza Innovations Inc (FORZ) had a debt-to-equity ratio of -1.02 as of fiscal year 2023, measuring the company's financial leverage by comparing total debt to shareholder equity.

Why is Forza Innovations Inc's debt-to-equity ratio negative or unusual?

Forza Innovations Inc (FORZ) has negative shareholder equity of -$4.6M as of fiscal year 2023, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

How financially healthy is Forza Innovations Inc?

Forza Innovations Inc (FORZ) scores 0 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.