FORZ (Forza Innovations) Net Income: $-2.82 Mil (TTM As of Dec. 2023)

What is Forza Innovations Net Income?

Forza Innovations FORZ -99.00% Net Income is $-2.82 Mil as of Dec. 2023.

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. Forza Innovations's Net Income for the three months ended in Dec. 2023 was $0.88 Mil. Its Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was $-2.82 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Forza Innovations's Earnings per Share (Diluted) for the three months ended in Dec. 2023 was $0.00.

Forza Innovations (OTCPK:FORZ) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

Forza Innovations's Earnings per Share (Diluted) (EPS) for the quarter that ended in Dec. 2023 is calculated as

Earnings per Share (Diluted) (Q: Dec. 2023 )	=	(Net Income	-	Preferred Dividends)	/	Shares Outstanding (Diluted Average)
	=	(0.879	-	0)	/	10424.245
	=	0.00

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.

Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.

Forza Innovations Net Income Related Terms

Forza Innovations Net Income Historical Data

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The historical data trend for Forza Innovations's Net Income can be seen below:

Forza Innovations Net Income Chart

Forza Innovations Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Net Income

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0.10

-0.32

-3.14

-2.70

-4.76

Forza Innovations Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Net Income	Get a 7-Day Free Trial															-0.86	-1.08	-1.98	-0.65	0.88

Forza Innovations Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

Forza Innovations's Net Income for the fiscal year that ended in Jun. 2023 is calculated as

	Net Income		(A: Jun. 2023 )
=	Pre-Tax Income	+	Tax Provision	+	Net Income (Discontinued Operations)	+	Others
=	-4.756	+	0	+	0	+	0
=	-4.76

Forza Innovations's Net Income for the quarter that ended in Dec. 2023 is calculated as

	Net Income		(Q: Dec. 2023 )
=	Pre-Tax Income	+	Tax Provision	+	Net Income (Discontinued Operations)	+	Others
=	0.879	+	0	+	0	+	0
=	0.88

Net Income for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.82 Mil.

Frequently Asked Questions Learn more about Net Income →

What does a Net Income of $-2.82 Mil mean?

Forza Innovations (FORZ) has a Net Income of $-2.82 Mil as of Dec. 2023. Net Income is the total earnings after all operating expenses, interest and taxes. View historical data on Forza Innovations and its competitors.

Is Forza Innovations' Net Income too high?

Forza Innovations' current Net Income is $-2.82 Mil.

How does Forza Innovations' Net Income compare to USAQ and EMED?

Forza Innovations' Net Income of $-2.82 Mil can be compared against companies in the Medical Devices & Instruments industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Net Income for a Medical Devices & Instruments company?

A good Net Income depends on the Medical Devices & Instruments industry context. However, Net Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Net Income mean?

A high Net Income can signal that a stock is expensive relative to its fundamentals. Net Income is the total earnings after all operating expenses, interest and taxes. View historical data on Forza Innovations and its competitors. Forza Innovations's current Net Income is $-2.82 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Forza Innovations stock overvalued right now?

Forza Innovations (FORZ) has a current Net Income of $-2.82 Mil. The current Net Income is $-2.82 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Net Income calculated?

Net Income is calculated from a company's financial statements. For Forza Innovations (FORZ), the current Net Income is $-2.82 Mil as of Dec. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Forza Innovations Business Description

Industry Healthcare Medical Devices & Instruments

Comparable Companies USAQ EMED RTSL VRAYQ NNMX INBS RSLS NUMD NUWE ESMC ABT SYK MDT BSX SZSE:300760 EW DXCM ZBH STE XAMS:PHIA

Address 406 9th Avenue, Suite 210, San Diego, CA, USA, 92101

Website https://www.forzinnovations.com

Forza Innovations Inc is in the health-tech wearable performance business. The company has acquired all the ownership and rights to certain late developmental-stage products, including the J4 Sport, J4 X, and J4 Fitbelt. These products are wearable back compression devices, used to relax, warm up, loosen, or relax stiff & sore muscles. The therapeutic application of heat causes a change in the temperature of the soft tissues which decreases joint stiffness and relieves inflammation.