Forza X1 Reports 2023 Loss Per Shae Of $(0.44)
Portfolio Pulse from Benzinga Newsdesk
Forza X1 (FRZA) reported a 2023 loss per share of $(0.44). The company's cash, cash equivalents, and marketable securities stood at approximately $12.80 million at the end of 2023, slightly up from $12.767 million at the end of 2022.
March 26, 2024 | 12:17 pm
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Forza X1 reported a 2023 loss per share of $(0.44) but showed a slight increase in cash reserves.
The reported loss per share of $(0.44) for 2023 is likely to negatively impact investor sentiment and the stock price in the short term. However, the slight increase in cash reserves might mitigate the negative impact slightly, indicating some level of financial stability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100