FRZA (Forza X1) Other Income (Expense) : $-1.31 Mil (TTM As of Sep. 2024)

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What is Forza X1 Other Income (Expense)?

Forza X1's other income expense for the Forza X1's pretax income for the three months ended in Sep. 2024 was $-0.09 Mil. Its other income expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-1.31 Mil.

Forza X1 Other Income (Expense) Historical Data

The historical data trend for Forza X1's Other Income (Expense) can be seen below:

* 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.

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Forza X1 Other Income (Expense) Chart

Forza X1 Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Other Income (Expense)

-0.06

0.01

0.66

Forza X1 Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Other Income (Expense)	Get a 7-Day Free Trial											0.21	0.20	0.15	-1.56	-0.09

Forza X1 Other Income (Expense) Calculation

Other income expense includes minority interest. Minority interest is a significant but non-controlling ownership of less than 50% of a company's voting shares by either an investor or another company.

Other Income (Expense) for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.31 Mil.

Forza X1 (OTCPK:FRZA) Other Income (Expense) Explanation

Minority interest is reported on the consolidated income statement as a share of profit belonging to minority shareholders.

Forza X1 Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Forza X1 Inc (OTCPK:FRZA) » Definitions » Other Income (Expense)

Comparable Companies

Traded in Other Exchanges

N/A

Address

3101 S. US-1, Fort Pierce, FL, USA, 34982

Website

https://www.forzax1.com

Forza X1 Inc develops and manufactures fully electric, affordable boats with mass appeal. The company is focused on the creation, implementation, and sale of electric boats utilizing its electric vehicle (EV) technology to control and power its boats and proprietary outboard electric motor. its electric boats are being designed as fully integrated electric boats including the hull, outboard motor, and control system. Its initial two models, the FX1 Dual Console and FX1 Center Console are being designed to be 24 feet in length, have an 8' beam or width, and utilize a catamaran hull surface to reduce drag and increase run times.

Executives

Neil Ross	director	3101 S. US-1, FT. PIERCE FL 34982
Kevin Schuyler	director	1180 SEMINOLE TRAIL, SUITE 495, CHARLOTTESVILLE VA 22901
Joseph C Visconti	director, 10 percent owner, officer: EC and Chief of PD	525 SOUTH FLAGLER DRIVE #400, WEST PALM BEACH FL 33401
Carrie L. Gunnerson	officer: Interim CFO/Interim PAO	5556 HIGHWAY 9, ARMSTRONG IA 50514
Marcia Kull	director	3101 S. US-1, FT. PIERCE FL 34982
James Howard Leffew	director, officer: President and CEO	3101 S. US-1, FT. PIERCE FL 34928
Twin Vee Powercats, Inc.	10 percent owner	3101 SOUTH US HIGHWAY 1, FT PIERCE FL 34982
Twin Vee Powercats, Co.	10 percent owner	3101 S. FEDERAL HIGHWAY, FT. PIERCE FL 34982
Nicole Marie Camacho	officer: Chief Financial Officer	3101 S US-1, FT. PIERCE FL 34982