Forza X1 Q1 EPS $(0.07) Up From $(0.19) YoY, Cash $9.952M
Portfolio Pulse from Benzinga Newsdesk
Forza X1 (NASDAQ:FRZA) reported a Q1 EPS loss of $(0.07), an improvement from $(0.19) per share YoY, with cash reserves of $9.952M.
May 15, 2024 | 11:44 am
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Forza X1 reported a significant improvement in its quarterly EPS, reducing losses from $(0.19) to $(0.07) per share YoY. The company also holds $9.952M in cash reserves.
The significant reduction in EPS losses indicates improved financial performance, which is likely to positively impact the stock price in the short term. The cash reserves also provide a cushion for future operations.
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