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FRZA (Forza X1) Pre-Tax Income : $-6.29 Mil (TTM As of Sep. 2024)


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What is Forza X1 Pre-Tax Income?

Pretax income is the income that a company earns before paying income taxes. Forza X1's pretax income for the three months ended in Sep. 2024 was $-0.90 Mil. Its pretax income for the trailing twelve months (TTM) ended in Sep. 2024 was $-6.29 Mil. Forza X1's pretax margin was %.

During the past 4 years, Forza X1's highest Pretax Margin was -16035.14%. The lowest was -33126.32%. And the median was -16035.14%.


Forza X1 Pre-Tax Income Historical Data

The historical data trend for Forza X1's Pre-Tax Income 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.

* Premium members only.

Forza X1 Pre-Tax Income Chart

Forza X1 Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Pre-Tax Income
- - -3.63 -5.93

Forza X1 Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Pre-Tax Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1.05 -1.40 -1.17 -2.83 -0.90

Competitive Comparison of Forza X1's Pre-Tax Income

For the Recreational Vehicles subindustry, Forza X1's Pre-Tax Income, along with its competitors' market caps and Pre-Tax Income data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Forza X1's Pre-Tax Income Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Forza X1's Pre-Tax Income distribution charts can be found below:

* The bar in red indicates where Forza X1's Pre-Tax Income falls into.


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Forza X1 Pre-Tax Income Calculation

This is the income that a company earns before paying income taxes.

Forza X1's Pretax Income for the fiscal year that ended in Dec. 2023 is calculated as

Pretax Income=Operating Income+Non Operating Income+Interest Expense+Interest Income+Other
=-6.593+0.663+-0.004+0.001+-8.8817841970013E-16
=-5.93

Forza X1's Pretax Income for the quarter that ended in Sep. 2024 is calculated as

Pretax Income=Operating Income+Non Operating Income+Interest Expense+Interest Income+Other
=-0.864+-0.091+-0.003+0.063+-0.001
=-0.90

Pre-Tax Income 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 $-6.29 Mil.

* 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.


Forza X1  (OTCPK:FRZA) Pre-Tax Income Explanation

Forza X1's Pretax Margin for the quarter that ended in Sep. 2024 is calculated as

Pretax Margin=Pretax Income/Revenue
=-0.896/0
=%

During the past 4 years, Forza X1's highest Pretax Margin was -16035.14%. The lowest was -33126.32%. And the median was -16035.14%.

* 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.


Forza X1 Pre-Tax Income Related Terms

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Forza X1 Business Description

Traded in Other Exchanges
N/A
Address
3101 S. US-1, Fort Pierce, FL, USA, 34982
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