Forza X1 Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2023	FY 2022	FY 2021
Period Ending	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	0.04	-	-
Cost of Revenue	0.16	0.23	-
Gross Profit	-0.12	-0.23	-
Selling, General & Admin	4.75	2.4	0.17
Research & Development	1.54	0.96	0.21
Operating Expenses	6.47	3.42	0.38
Operating Income	-6.59	-3.65	-0.38
Interest Expense	-0	-0	-0.02
Interest & Investment Income	0.51	0.06	-
EBT Excluding Unusual Items	-6.09	-3.6	-0.4
Gain (Loss) on Sale of Investments	0.15	-	-
Gain (Loss) on Sale of Assets	-	-0.03	-0.19
Pretax Income	-5.93	-3.63	-0.46
Net Income	-5.93	-3.63	-0.46
Net Income to Common	-5.93	-3.63	-0.46
Shares Outstanding (Basic)	13	8	7
Shares Outstanding (Diluted)	13	8	7
Shares Change (YoY)	60.40%	19.04%	-
EPS (Basic)	-0.44	-0.44	-0.07
EPS (Diluted)	-0.44	-0.44	-0.07
Free Cash Flow	-6.95	-3.98	-0.73
Free Cash Flow Per Share	-0.52	-0.48	-0.10
Operating Margin	-17763.44%	-	-
Profit Margin	-15984.46%	-	-
Free Cash Flow Margin	-18716.88%	-	-
EBITDA	-6.41	-3.59	-0.38
D&A For EBITDA	0.19	0.06	0
EBIT	-6.59	-3.65	-0.38

Source: S&P Global Market Intelligence. Standard template. Financial Sources.