Forza X1, Inc. Income Statement | Understand Stock

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$0.17 -$0.05 (22.27%)

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Income Statement

Concept	2023	2022
Revenue	$37.12K N/A	$0.00 N/A
Cost Of Revenue	$123.9K -46.77% YoY	$232.7K N/A
Gross Profit	-$120.5K -48.22% YoY	-$232.7K N/A
Selling, General & Admin	$1.113M -53.69% YoY	$2.403M 1866.56% YoY
Research & Development	$1.541M 60.98% YoY	$957.2K 353.42% YoY
Depreciation & Amortization	$185.9K 209.99% YoY	$59.97K 1768.22% YoY
Operating Expenses	$6.473M 89.24% YoY	$3.421M 916.41% YoY
Operating Profit	-$6.593M 80.48% YoY	-$3.653M 985.57% YoY
Interest Expense	$3.694K -93.25% YoY	$54.76K -447.24% YoY
Other Income/Expense, Net	$660.3K 2748.91% YoY	$23.18K N/A
Pretax Income	-$5.933M 63.44% YoY	-$3.630M 779.91% YoY
Income Tax	N/A N/A	N/A N/A
Net Earnings	-$5.933M 63.44% YoY	-$3.630M 779.91% YoY
Basic Earnings Per Share	-$0.44 0.0% YoY	-$0.44 N/A
Diluted Earnings Per Share	-$0.44 1.0% YoY	-$0.44 -100.0% YoY
COMMON SHARES	N/A	N/A
Basic Shares Outstanding	13.37M shares 60.4% YoY	8.333M shares N/A
Diluted Shares Outstanding	13.37M shares 60.4% YoY	8.333M shares N/A

Concept	2024 Q3	2024 Q2	2024 Q1	2023 Q4	2023 Q3	2023 Q2	2023 Q1	2022 Q4	2022 Q3	2022 Q2	2022 Q1
Revenue	$0.00 -100.0% YoY	$0.00 N/A	$0.00 N/A	$18.56K N/A	$18.56K N/A	N/A N/A	N/A N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A
Cost Of Revenue	$11.92K 2.59% YoY	$26.84K -34.21% YoY	$29.57K -40.79% YoY	$55.28K -61.1% YoY	$11.62K -82.54% YoY	$40.80K 213.57% YoY	$49.94K 350.73% YoY	$142.1K N/A	$66.54K N/A	$13.01K N/A	$11.08K N/A
Gross Profit	-$11.92K -271.84% YoY	-$26.84K -34.21% YoY	-$29.57K -40.79% YoY	-$36.72K -74.16% YoY	$6.938K -110.43% YoY	-$40.80K 213.57% YoY	-$49.94K 350.73% YoY	-$142.1K N/A	-$66.54K N/A	-$13.01K N/A	-$11.08K N/A
Selling, General & Admin	$212.8K -2.16% YoY	$247.5K -25.98% YoY	$277.1K -21.88% YoY	$987.8K -7.67% YoY	$217.5K -67.88% YoY	$334.3K -11.4% YoY	$354.7K 27.01% YoY	$1.070M 1518.55% YoY	$676.9K 3121.85% YoY	$377.3K N/A	$279.2K N/A
Research & Development	$77.49K 27.74% YoY	$340.9K 30.38% YoY	$169.2K -75.92% YoY	$516.1K 116.09% YoY	$60.67K -78.63% YoY	$261.5K 19.52% YoY	$702.6K 225.8% YoY	$238.9K 59.21% YoY	$283.9K 364.79% YoY	$218.8K N/A	$215.7K N/A
Depreciation & Amortization	$64.69K 29.38% YoY	$63.81K 32.3% YoY	$55.95K 56.73% YoY	$55.90K 152.37% YoY	$50.00K 112.31% YoY	$48.23K 638.59% YoY	$35.70K 361.19% YoY	$22.15K 619.16% YoY	$23.55K 18015.38% YoY	$6.530K N/A	$7.740K N/A
Operating Expenses	$852.5K -32.29% YoY	$2.917M 84.74% YoY	$1.286M -38.18% YoY	$1.555M 16.87% YoY	$1.259M 28.52% YoY	$1.579M 159.9% YoY	$2.080M 313.79% YoY	$1.331M 507.14% YoY	$979.6K 1091.28% YoY	$607.4K N/A	$502.6K N/A
Operating Profit	-$864.4K -30.96% YoY	-$2.943M 81.75% YoY	-$1.315M -38.24% YoY	-$1.592M 8.09% YoY	-$1.252M 19.68% YoY	-$1.620M 161.02% YoY	-$2.130M 314.58% YoY	-$1.473M 571.98% YoY	-$1.046M 1172.2% YoY	-$620.5K N/A	-$513.7K N/A
Interest Expense	N/A	$111.9K 7391.63% YoY	$3.125K 973.88% YoY	$194.1K 272.45% YoY	$1.144K -67.03% YoY	$1.493K -697.2% YoY	$291.00 -150.17% YoY	$52.12K -815.93% YoY	$3.470K -205.47% YoY	-$250.00 N/A	-$580.00 N/A
Other Income/Expense, Net	-$31.33K -115.23% YoY	$111.9K -17.68% YoY	$147.5K 18.36% YoY	N/A	$205.7K 5836.91% YoY	$135.9K -526.83% YoY	$124.6K -21660.38% YoY	N/A	$3.465K N/A	-$31.83K N/A	-$578.00 N/A
Pretax Income	N/A	-$2.832M 90.85% YoY	-$1.168M -41.76% YoY	-$1.398M -1.61% YoY	-$1.050M 0.7% YoY	-$1.484M 127.46% YoY	-$2.005M 289.88% YoY	-$1.421M 527.36% YoY	-$1.043M 1119.2% YoY	-$652.3K N/A	-$514.3K N/A
Income Tax	$0.00 N/A	N/A N/A	$0.00 N/A	N/A	$0.00 N/A	N/A N/A	$0.00 N/A	N/A	N/A	N/A N/A	N/A
Net Earnings	-$895.7K -14.39% YoY	-$2.832M 90.85% YoY	-$1.168M -41.76% YoY	-$1.398M -1.61% YoY	-$1.046M 0.35% YoY	-$1.484M 127.46% YoY	-$2.005M 289.88% YoY	-$1.421M 527.36% YoY	-$1.043M 1119.19% YoY	-$652.3K 701.75% YoY	-$514.3K 2579.72% YoY
Basic Earnings Per Share	-$0.06 -14.29% YoY	-$0.18 38.46% YoY	-$0.07 -63.16% YoY	N/A	-$0.07 -41.67% YoY	-$0.13 44.44% YoY	-$0.19 N/A	N/A	-$0.12 N/A	-$0.09 N/A	N/A
Diluted Earnings Per Share	-$0.06 -14.29% YoY	-$0.18 38.46% YoY	-$0.07 -63.52% YoY	-$0.09 -34.46% YoY	-$0.07 -100.0% YoY	-$0.13 -100.0% YoY	-$0.19 -100.0% YoY	-$0.14 -100.0% YoY	-$118.0K 865.71% YoY	-$93.18K N/A	-$51.43K N/A
COMMON SHARES	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Basic Shares Outstanding	15.76M shares -0.13% YoY	15.76M shares 50.84% YoY	15.75M shares 50.76% YoY	15.76M shares 50.84% YoY	15.78M shares 125.49% YoY	10.45M shares 49.29% YoY	10.45M shares N/A	10.45M shares N/A	7.000M shares N/A	7.000M shares N/A	N/A
Diluted Shares Outstanding	15.75M shares -0.19% YoY	15.75M shares 37.64% YoY	15.75M shares 50.76% YoY	N/A	15.78M shares N/A	11.45M shares 63.52% YoY	10.45M shares N/A	N/A	N/A	7.000M shares N/A	N/A

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