Event-Driven Stocks

Forza X1, Inc.

Industrials · Industrials · <br>Emerging growth company · SEC filings ↗ · Compare ⊕

Signs● 3 good● 3 warningdetails ↓

Financials

SEC XBRL · annual
 FY23FY22FY21
Revenue$37,118——
Operating income−$6.6M−$3.7M—
Net income−$5.9M−$3.6M−$186,921
Total assets$16.9M$14.2M$2.2M
Total liabilities$901,311$521,723$690,378
Equity$16.0M$13.7M$1.5M
EPS (diluted)$-0.44$-0.44—
Shares out.10.4M10.4M—

Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.

Key ratios

from filings · FY2023
Operating margin
−17763.4%
Net margin
−15984.5%
Return on equity
−37.0%
Return on assets
−35.1%
Return on capital (ROCE)
−41.0%
Liabilities / assets
5.3%
Debt / equity
0.06×
Book value / share
$1.53
Revenue growth (YoY)
—
Net income growth (YoY)
—

Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.

Financial health

forensic scores · FY2023
Altman Z″ (distress)
18.97safe
Accruals / assets
−10.5%clean
Piotroski F-Score
2/7weak

Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.

Quality score

EDS Score
59
/ 100
Profitability 0Growth n/aCatalyst 67Earnings quality 67Financial strength 100

Our own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast. What these scores mean →

Signs

● 3 warning● 3 good
  • Operating losses (negative operating margin)
  • Reported a net loss
  • Negative operating cash flow
  • Conservative leverage (liabilities < 50% of assets)
  • Clean earnings (low accruals)
  • Altman Z″ in the safe zone

Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.

Insider transactions

SEC Form 4 · most recent
5 acquisitions5 disposals5 open-market buy(s)net −85,116 shares · last 10
InsiderDateTypeSharesPrice
Kull MarciaDirectorNov 26, 2024D4,605—
Ross NeilDirectorNov 26, 2024D31,117—
Schuyler KevinDirectorNov 26, 2024D100,000—
Visconti Joseph COfficer — CEO, Executive Chairman, CPONov 26, 2024D98,442—
Dickerson Michael PatrickOfficer — Interim CFAONov 26, 2024D50,000—
Ross NeilDirectorSep 30, 2024Buy31,117$0.31
Dickerson Michael PatrickOfficer — Interim CFO &amp; AOSep 23, 2024Buy184$0.26
Dickerson Michael PatrickOfficer — Interim CFO &amp; AOSep 17, 2024Buy48,637$0.26
Schuyler KevinDirectorSep 17, 2024Buy90,668$0.30
Visconti Joseph COfficer — EC, Interim CEO and CPOSep 13, 2024Buy28,442$0.24

Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.

Material events

SEC Form 8-K · most recent

Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.

Recent SEC filings

All filings ↗

Event-driven situations (1)

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