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Forza X1, Inc. - $FRZA STOCK NEWS

Welcome to our dedicated page for Forza X1 news (Ticker: $FRZA), a resource for investors and traders seeking the latest updates and insights on Forza X1 stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Forza X1's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Forza X1's position in the market.

Rhea-AI Summary

Forza X1, Inc., developer of electric sport boats for sustainable recreational boating, will host a conference call on May 15, 2024, to discuss first quarter financial results. The company's focus on eco-friendly boating solutions enhances its appeal to investors and consumers.

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Twin Vee PowerCats Co. (NASDAQ:VEEE) reported a 4% increase in revenue for fiscal year 2023, reaching $33.4 million, with a net loss of $2.3 million. The company announced a partnership for autonomous recreational sport boats and the construction of a new manufacturing facility. However, the electric boat subsidiary, Forza X1, had a net loss of $5.9 million, contributing to an overall consolidated net loss for Twin Vee.
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Forza X1, Inc. (FRZA) reported operational highlights and financial results for 2023, with $12.8 million in cash and equivalents. They announced an Autonomous A.I Technology Partnership and are constructing a new manufacturing facility. The company aims to lead in electric boat development for the recreational market.
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Forza X1, Inc. (FRZA) to host a conference call to discuss electric sport boats development
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Forza X1, Inc. (FRZA) announced progress on its state-of-the-art manufacturing facility for electric sport boats in North Carolina. With most of the concrete poured, the company is set to begin steel installation on the 60,000 square foot floor. Joseph Visconti, Forza's Executive Chairman, Interim CEO, and Chief of Product Development, expressed excitement about the development.
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Forza X1, Inc. appoints Joseph Visconti as Interim CEO and Daniel Norton as President. Visconti brings extensive experience in product development and financial operations. The Company aims to leverage his expertise to drive its vision forward.
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Forza X1, Inc. (FRZA) has started the construction of a state-of-the-art manufacturing facility for its electric sport boats in North Carolina. The company announced the commencement of the first concrete pour, marking a significant milestone in its expansion plan. The facility, located on an 11-acre property, will cover approximately 60,000 square feet. Forza's Executive Chairman, Joseph Visconti, expressed excitement about laying the foundation for the company's future and contributing to the local community. The successful acquisition of the property in September and the delivery of steel construction material in October indicate progress in Forza's development.
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Forza X1, Inc. (NASDAQ:FRZA) announced a groundbreaking partnership with Avikus Co., Ltd. and Twin Vee PowerCats Co. to develop the world's first autonomously equipped recreational sport boat company. The partnership aims to revolutionize the recreational boating experience by integrating advanced navigation assistance and autonomous functionality into their boats. The first models are set to debut in the summer of 2024.
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Forza X1, Inc. reported operational highlights and financial results for Q3 2023. The company is focused on developing and manufacturing electric sport boats. They have built and tested multiple boat models and have received a purchase order for 100 units of their 22-foot electric monohull boat. Construction is underway for a facility that will produce 500 boats annually. As of September 30, 2023, the company had cash and equivalents of $15,335,340 and working capital of $16,016,417.
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Forza X1, Inc. (Nasdaq:FRZA) will host a conference call and webcast on November 6, 2023, to discuss their electric sport boats and promote sustainable recreational boating.
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Forza X1, Inc.

Nasdaq:FRZA

FRZA Rankings

FRZA Stock Data

6.46M
15.76M
45.13%
2.84%
0.71%
Sporting and Athletic Goods Manufacturing
Manufacturing
Link
United States of America
FT. PIERCE

About FRZA

the forza x1 mission is the production of an affordable all-electric recreational boat, without compromising performance, speed, or comfort.  our goal is to inspire the adoption of recreational sustainable boating by creating stylish and affordable electric boats for mass appeal. forza x1 is committed to the notion that marine electrification is the future of recreational boating.