Forza X1 Inc

Forza X1, Inc. manufactures and develops fully electric boats. It focuses on the creation and implementation of marine electric vehicle (“EV”) technology to control and power electric boats utilizing proprietary outboard electric motor. The company was founded on October 15, 2021 and is headquartered in Fort Pierce, FL.

Earnings data Q1 2024

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Forza X1, Inc. engages in the manufacture and development of fully electric boats. It also focuses on the creation and implementation of marine electric vehicle technology to control and power electric boats utilizing proprietary outboard electric motors. The company was founded on October 15, 2021 and is headquartered in Fort Pierce, FL.

Forza X1, Inc. (FRZA) Q4 2023 Earnings Call Transcript

Twin Vee PowerCats Co

FORT PIERCE, FL / ACCESSWIRE / March 26, 2024 / Twin Vee PowerCats Co. (NASDAQ:VEEE) ("Twin Vee" or the "Company"), a designer, manufacturer and distributor of recreational and commercial power boats, today reported operational highlights and financial results for fiscal year ended December 31, 2023. Highlights for fiscal year 2023: Revenue for the year ended December 31, 2023 increased 4% to $33,426,000 as compared to $31,988,000 in 2022.

Twin Vee PowerCats Co. Reports 4% Increase in Revenue for the Year Ended December 31, 2023

FORT PIERCE, FL / ACCESSWIRE / March 26, 2024 / Forza X1, Inc. (Nasdaq:FRZA) ("Forza," the "Company"), a developer of electric sport boats, today reported operational highlights and financial results for the year ended December 31, 2023. Highlights for the Year Ended December 31, 2023: Cash, cash equivalents, and marketable securities were approximately $12,803,000 at December 31, 2023 compared to $12,767,000 at December 31, 2022.

Forza X1, Inc. Reports Results for the Year Ended December 31, 2023

FORT PIERCE, FL / ACCESSWIRE / March 19, 2024 / Forza X1, Inc. (NASDAQ:FRZA) ("Forza," the "Company"), a developer of electric sport boats, will host a conference call and audio webcast on Tuesday, March 26, 2024, at 10:00 a.m. (Eastern Time) to discuss and answer questions about the Company and its research and development efforts for the year ended December 31, 2023.

Forza X1, Inc. Announces Year End 2023 Financial Results Call on March 26

FORT PIERCE, FL / ACCESSWIRE / March 19, 2024 / Forza X1, Inc. (Nasdaq:FRZA) ("Forza," the "Company"), a developer of electric sport boats aimed at promoting sustainable recreational boating, announced today most of the concrete for the 60,000 square foot floor has been poured and crews are scheduled to start setting steel this week at the site of the Company's state-of-the-art manufacturing facility located on its 11-acre property in Marion, North Carolina. Forza's Executive Chairman, Interim CEO, and Chief of Product Development Joseph Visconti expressed enthusiasm about the next phase of the factory's construction, stating, "We are one step closer to realizing our vision for a cutting-edge manufacturing facility.

Forza X1, Inc. Provides Construction Update on Future North Carolina Facility

FORT PIERCE, FL / ACCESSWIRE / March 18, 2024 / Forza X1, Inc. (NASDAQ:FRZA) ("Forza," the "Company"), a developer of electric sport boats aimed at promoting sustainable recreational boating, announced last week the appointment of Joseph Visconti as the Company's Interim Chief Executive Officer and Daniel Norton as the Company's President, effective immediately. They replace Jim Leffew, who notified the Company of his resignation on March 6th.

Forza X1, Inc. Names Joseph Visconti as Interim CEO and Daniel Norton as President

FORT PIERCE, FL / ACCESSWIRE / January 31, 2024 / Forza X1, Inc. (Nasdaq:FRZA) ("Forza," the "Company"), a developer of electric sport boats aimed at promoting sustainable recreational boating, announced today the commencement of the first concrete pour at the future site of the Company's state-of-the-art manufacturing facility located on its 11-acre property in Marion, North Carolina. The initial pour represents half of the concrete that will be used for the approximately 60,000-square-foot facility.

Forza X1, Inc. Conducts First Foundation Concrete Pour at Future North Carolina Facility

SEOUL, SOUTH KOREA and FORT PIERCE, FL / ACCESSWIRE / January 11, 2024 / Forza X1, Inc. (NASDAQ:FRZA) ("Forza", the "Company"), a developer of electric sport boats, revealed yesterday that it entered a groundbreaking partnership with Avikus Co., Ltd. (a startup specializing in autonomous navigation solutions, was established in December 2020 by H.D.

Avikus, Forza X1, Inc. and Twin Vee PowerCats Co. Announce Plans for the Future of Recreational Boating with Autonomous A.I. Technology Partnership

SEOUL, SOUTH KOREA and FORT PIERCE, FL / ACCESSWIRE / January 10, 2024 / Twin Vee PowerCats Co. (Nasdaq:VEEE),("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, and Avikus Co., Ltd. (a startup specializing in autonomous navigation solutions, was established in December 2020 by H.D.

Avikus and Aquasport Boats Announce Plans for the Future of Recreational Boating with Autonomous A.I. Technology Partnership

Arcimoto

Vision Marine Technologies

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FORT PIERCE, FL / ACCESSWIRE / November 13, 2023 / Twin Vee PowerCats Co. (Nasdaq:VEEE) ("Twin Vee" or the "Company"), a designer, manufacturer and distributor of recreational and commercial power boats, today reported operational highlights and financial results for the third quarter of fiscal year 2023. The Company is pleased to report an 8% increase in consolidated net revenue for the nine months ended September 30, 2023, to $24,980,902 as compared to $23,217,634 in the same period in 2022.

Twin Vee PowerCats Co. Reports an 8% Increase in Revenue for the Nine Months Ended September 30, 2023

Forza X1, Inc. (NASDAQ:FRZA ) Q3 2023 Earnings Conference Call November 6, 2023 10:00 AM ET Company Participants Jim Leffew - President & CEO Conference Call Participants Raj Maheshwari - Charlestown Capital Operator Welcome to the Forza X1 Inc. Q3 2023 Investor Call. As a reminder, this call is being recorded and all participants are in a listen-only mode.

Forza X1, Inc. (FRZA) Q3 2023 Earnings Call Transcript

FORT PIERCE, FL / ACCESSWIRE / November 6, 2023 / Forza X1, Inc. (Nasdaq:FRZA) ("Forza" or the "Company"), a developer of electric sport boats aimed at promoting sustainable recreational boating, today reported operational highlights and financial results for the third quarter of fiscal 2023. "We intend to be among the first to develop and manufacture electric boats targeting the recreational market," said Jim Leffew, Chief Executive Officer and President of Forza X1, Inc. "We are focused on the creation and implementation of marine electric vehicle ("EV") technology to control and power our electric boats utilizing our proprietary outboard electric motor.

Forza X1, Inc. Reports Third Quarter Results

FORT PIERCE, FL / ACCESSWIRE / October 30, 2023 / Forza X1, Inc. (Nasdaq:FRZA) ("Forza", the "Company"), a developer of electric sport boats aimed at promoting sustainable recreational boating, will host a conference call and audio webcast on Monday, November 6, 2023, at 10:00 a.m. (Eastern Time) to discuss and answer questions about the Company's R&D, prototyping, and testing efforts for the third quarter of 2023.

Forza X1, Inc. Announces Third Quarter 2023 Financial Results Call on November 6

FORT PIERCE, FL / ACCESSWIRE / October 20, 2023 / Forza X1, Inc. (NASDAQ:FRZA) ("Forza," the "Company"), a developer of electric sport boats aimed at promoting sustainable recreational boating, announced today that steel construction material has begun arriving to Forza's 11-acre property in Marion, North Carolina. This delivery marks a significant milestone in the construction of the Company's state-of-the-art manufacturing facility, which begins with the initial 60,000-square-foot factory with the capacity to build up to 550 boats annually.

Forza X1, Inc. Announces Steel Construction Material for New State-of-the-Art Manufacturing Facility Has Begun to Arrive in Marion, NC

FORT PIERCE, FL / ACCESSWIRE / September 28, 2023 / Forza X1, Inc. (NASDAQ:FRZA) ("Forza," the "Company"), a developer of electric sport boats aimed at promoting sustainable recreational boating, announced today the successful acquisition of property in McDowell County, North Carolina, for the construction of its cutting-edge manufacturing facility, a significant milestone in its plans to bring its electric powerboats to market. The Company officially closed on the land on Wednesday, September 27, 2023 after the county completed rough grading and clearing earlier this year, allowing Forza to move forward and begin construction.

Forza X1, Inc. Announces Successful Land Acquisition in McDowell County, NC for New State-of-the-Art Manufacturing Facility

FORT PIERCE, FL / ACCESSWIRE / September 8, 2023 / Forza X1, Inc. (Nasdaq:FRZA) ("Forza", the "Company"), a developer of electric sport boats aimed at promoting sustainable recreational boating, today announced the successful completion of its latest beta test sea trial on Lake James in North Carolina last week. Announced back in March 2023, Forza's F22 will be the first Forza product offered for consumer sale and has been regularly tested and refined in preparation for its official launch.

Forza X1 Completes Beta Test Sea Trial of its 22-Foot F22 Boat on Lake James in North Carolina

FORT PIERCE, FL / ACCESSWIRE / September 6, 2023 / Forza X1, Inc. (Nasdaq:FRZA) ("Forza," the "Company"), a developer of electric sport boats aimed at promoting sustainable recreational boating, announced today that Boat Trader, America's largest online boating marketplace, previewed Forza's F22 electric boat on Boat Trader's YouTube channel last week.

Forza X1's F22 Electric Boat Featured in Boat Trader Sea Trial Video

FORT PIERCE, FL / ACCESSWIRE / August 31, 2023 / Forza X1, Inc. (Nasdaq:FRZA) ("Forza," the "Company"), a developer of fully electric sport boats, motors, and control systems for sustainable recreational boating, announced today that Polaris Marine selected Forza X1 to electrify two pontoon boats as demonstration units for Bennington® and Godfrey® Pontoon. Over the last several weeks, Polaris Marine revealed they successfully showcased several high-horsepower EV concept vessels at their annual dealer meetings in Syracuse, Indiana.

Forza X1's Electric Propulsion System and Outboard Motor Selected by Polaris Marine as Polaris Unveils Electric Propulsion on Godfrey and Bennington Pontoon Concept Vessels

FORT PIERCE, FL / ACCESSWIRE / August 30, 2023 / Forza X1, Inc. (NASDAQ:FRZA) ("Forza", the "Company"), a developer of electric sport boats aimed at promoting sustainable recreational boating, announced today that the Company's Executive Chairman and Chief of Product Development, Joseph Visconti, is featured in Jupiter and Stuart Magazines' 2023 "Ones to Watch" List in their September 2023 issues. The annual list showcases local individuals who are making significant strides in their respective fields and are poised to create a lasting impact on their community.

Forza X1 Technology and Leadership Recognized in Jupiter and Stuart Magazines' 2023 "Ones to Watch" List

FORT PIERCE, FL / ACCESSWIRE / August 14, 2023 / Twin Vee PowerCats Co. (Nasdaq:VEEE) ("Twin Vee" or the "Company"), a designer, manufacturer and distributor of recreational and commercial power boats, today reported operational highlights and financial results for the three and six months ended June 30, 2023. We are pleased to report an 18% increase in net revenue for the six months ended June 30, 2023, to $17,000,000 compared to $14,400,000 in the same period in 2022.

Twin Vee Powercats Co. Reports a 18% Increase in Revenue for the Six Months Ended June 30, 2023

Forza X1, Inc. (NASDAQ:FRZA ) Q2 2023 Earnings Conference Call August 7, 2023 10:00 AM ET Company Participants Joseph Visconti - Executive Chairman & Chief of Product Development Conference Call Participants Operator Welcome to the Forza X1 Second Quarter 2023 Investor Call. As a reminder this call is being recorded and all participants are in a listen-only mode.

Forza X1, Inc. (FRZA) Q2 2023 Earnings Call Transcript

OneWater Marine

FORT PIERCE, FL / ACCESSWIRE / August 7, 2023 / Forza X1, Inc. (NASDAQ:FRZA) ("Forza" or the "Company"), a new developer of electric sport boats with a mission to inspire the adoption of sustainable recreational boating, today reported operational highlights and financial results for the second quarter of fiscal 2023. "We aim to be among the first to develop and manufacture electric boats targeting the recreational market," said Jim Leffew, Chief Executive Officer and President of Forza X1, Inc. "Our mission is to inspire the adoption of sustainable recreational boating by producing stylish electric sport boats.

Forza X1 Reports Second Quarter Results

FORT PIERCE, FL / ACCESSWIRE / August 1, 2023 / Forza X1, Inc. (NASDAQ:FRZA) ("Forza", the "Company"), a developer of electric sport boats aimed at promoting sustainable recreational boating, will host a conference call and audio webcast on Monday, August 7, 2023, at 10:00 a.m. (Eastern Time) to discuss and answer questions about the Company's research and development efforts for the second quarter of 2023.

Forza X1, Inc. Announces Second Quarter 2023 Financial Results Call on August 7

FORT PIERCE, FL / ACCESSWIRE / June 14, 2023 / Forza X1, Inc. (Nasdaq:FRZA) ("Forza", the "Company"), a developer of electric sport boats aimed at promoting sustainable recreational boating, today announced the closing of a public offering of 5,334,000 shares of its common stock at a public offering price of $1.50 per share, for gross proceeds of $8,001,000, before deducting underwriting discounts and offering expenses. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 800,100 shares of common stock to cover over-allotments at the public offering price, less the underwriting discount.

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