Forza X1 Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	0.04	0.04	-	-
Cost of Revenue	0.14	0.16	0.23	-
Gross Profit	-0.1	-0.12	-0.23	-
Selling, General & Admin	4.47	4.75	2.4	0.17
Research & Development	1.01	1.54	0.96	0.21
Depreciation & Amortization	0.21	0.19	0.06	0
Operating Expenses	5.68	6.47	3.42	0.38
Operating Income	-5.78	-6.59	-3.65	-0.38
Interest Expense	-0.01	-0	-0	-0.02
Interest & Investment Income	0.52	0.51	0.06	-
EBT Excluding Unusual Items	-5.27	-6.09	-3.6	-0.4
Gain (Loss) on Sale of Investments	0.17	0.15	-	-
Gain (Loss) on Sale of Assets	-	-	-0.03	-0.19
Pretax Income	-5.1	-5.93	-3.63	-0.46
Net Income	-5.1	-5.93	-3.63	-0.46
Net Income to Common	-5.1	-5.93	-3.63	-0.46
Shares Outstanding (Basic)	15	13	8	7
Shares Outstanding (Diluted)	15	13	8	7
Shares Change (YoY)	59.78%	60.40%	19.04%	-
EPS (Basic)	-0.35	-0.44	-0.44	-0.07
EPS (Diluted)	-0.35	-0.44	-0.44	-0.07
Free Cash Flow	-7.92	-6.95	-3.98	-0.73
Free Cash Flow Per Share	-0.54	-0.52	-0.48	-0.10
Gross Margin	-269.82%	-	-	-
Operating Margin	-15569.32%	-17763.44%	-	-
Free Cash Flow Margin	-21324.74%	-18716.88%	-	-
EBITDA	-5.57	-6.41	-3.59	-0.38
D&A For EBITDA	0.21	0.19	0.06	0
EBIT	-5.78	-6.59	-3.65	-0.38

Source: S&P Capital IQ. Standard template.