Company Forza X1, Inc.

Equities

FRZA

US34988N1046

Recreational Products

Market Closed - Nasdaq 16:30:00 2024-05-08 EDT 5-day change 1st Jan Change
0.4145 USD +1.10% Intraday chart for Forza X1, Inc. +1.12% -22.54%

Business Summary

Forza X1, Inc. is a developer of electric sport boats. The Company is focused on creating, implementing, and selling electric boats utilizing its electric vehicle (EV) technology to control and power its boats and proprietary outboard electric motor. Its electric boats are designed as fully integrated electric boats including the hull, outboard motor, and control system. The three main components of its electric boats are the fiberglass part of the boat, the motor that propels the boat, and the control system. The Company offers its EV products, services, and support through a Web-based and mobile phone application, which is a vertically integrated and a direct-to-consumer platform. It utilizes a Web-based and application platform to connect with customers for an end-to-end experience. The Company’s two models, the FX1 Dual Console and FX1 Center Console, are designed to be 25-foot in length, and utilize a catamaran hull surface to reduce drag and increase run times.

Number of employees: 11

Sales per Business

USD in Million2022Weight2023Weight Delta
Boats, Motors and Trailers
100.0 %
0 nan % 0 100.0 % -

Sales per region

USD in Million2022Weight2023Weight Delta
United States
100.0 %
0 nan % 0 100.0 % -

Managers

Managers TitleAgeSince
Chief Executive Officer 59 21-10-14
President 48 -
Director of Finance/CFO 48 21-10-14
Corporate Officer/Principal - 21-12-31
Corporate Secretary - -

Members of the board

Members of the board TitleAgeSince
Chief Executive Officer 59 21-10-14
Director/Board Member 55 21-11-30
Director/Board Member 62 21-11-30
Director/Board Member 66 22-07-21

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 15,784,000 8,645,437 ( 54.77 %) 29,226 ( 0.1852 %) 54.77 %

Shareholders

NameEquities%Valuation
7,000,000 44.35 % 3 M $
AWM Investment Co., Inc.
1.518 %
239,537 1.518 % 114 259 $
70,000 0.4435 % 33 390 $
Renaissance Technologies LLC
0.3180 %
50,200 0.3180 % 23 945 $
Geode Capital Management LLC
0.2664 %
42,045 0.2664 % 20 055 $
Vanguard Group, Inc. (Subfiler)
0.2140 %
33,785 0.2140 % 16 115 $
Commonwealth Equity Services LLC
0.2110 %
33,300 0.2110 % 15 884 $
22,200 0.1406 % 10 589 $
Citadel Securities GP LLC
0.0937 %
14,788 0.0937 % 7 054 $
Virtu Financial LLC
0.0850 %
13,423 0.0850 % 6 403 $

Company contact information

Forza X1, Inc.

3101 South US-1

34982, Fort Pierce

+

http://www.forzax1.com
address Forza X1, Inc.(FRZA)
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
0.4145 USD
Average target price
5 USD
Spread / Average Target
+1,106.27%
Consensus

Annual profits - Rate of surprise

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