Forza X1 Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022
Net Income	-5.93	-3.63
Depreciation & Amortization	0.19	0.06
Share-Based Compensation	1.35	0.46
Other Operating Activities	0.25	-0.27
Operating Cash Flow	-4.15	-3.38
Capital Expenditures	-2.8	-0.61
Change in Investments	-2.93	0
Investing Cash Flow	-5.73	-0.61
Share Issuance / Repurchase	6.97	15.73
Debt Issued / Paid	0.03	-0.49
Other Financing Activities	-0.07	-0.3
Financing Cash Flow	6.93	14.95
Net Cash Flow	-2.95	10.96
Free Cash Flow	-6.95	-3.98
Free Cash Flow Margin	-18716.88%	-
Free Cash Flow Per Share	-0.52	-0.48

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).