Forza X1 Q2 EPS $(0.13) Down From $(0.09) YoY, Cash And Cash Equivalents Of $16.5M
Portfolio Pulse from Benzinga Newsdesk
Forza X1 (NASDAQ:FRZA) reported a Q2 loss of $(0.13) per share, a 44.44% increase in losses compared to $(0.09) per share from the same period last year.
August 07, 2023 | 12:05 pm
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NEGATIVE IMPACT
Forza X1 reported a 44.44% increase in losses for Q2, which could negatively impact investor sentiment.
Forza X1's increased losses indicate a worsening financial situation, which could lead to a decrease in stock price as investors may see this as a negative sign.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100