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Earnings Call Summary | Forza X1(FRZA.US) Q1 2024 Earnings Conference

Earnings Call Summary | Forza X1(FRZA.US) Q1 2024 Earnings Conference

财报电话会议摘要 | 极限竞速 X1 (FRZA.US) 2024 年第一季度财报发布会
富途资讯 ·  05/16 03:12  · 电话会议

The following is a summary of the Forza X1, Inc. (FRZA) Q1 2024 Earnings Call Transcript:

以下是极限竞速 X1, Inc. (FRZA) 2024 年第一季度财报电话会议记录摘要:

Financial Performance:

财务业绩:

  • Forza X1 successfully decreased its cash burn rate from the previous year's $600,000 per month to approximately $230,000 per month in Q1 2024.

  • The company further targets to reduce the cash burn rate to less than $150,000 per month by the end of Q2 2024.

  • 极限竞速 X1 成功地将其现金消耗率从去年的每月60万美元降至2024年第一季度的每月约23万美元。

  • 该公司的进一步目标是到2024年第二季度末将现金消耗率降至每月15万美元以下。

Business Progress:

业务进展:

  • Due to lower demand in the marine EV market, Forza X1 has slowed down the pace of both testing and production of its electric boats.

  • Despite the current market conditions, the company continues focused testing on its FX1 140 horsepower outboard motor.

  • Forza X1 is also carrying on with the construction of a new 60,000 square foot facility in North Carolina due to previous financial obligations.

  • The company is actively pursuing strategic partnerships and is open to joint ventures with businesses complementing their product line, to expand both their product range and market reach.

  • 由于船用电动汽车市场的需求降低,Forza X1放慢了其电动船的测试和生产步伐。

  • 尽管目前的市场状况不佳,但该公司仍继续重点测试其FX1 140马力的舷外发动机。

  • 由于之前的财务义务,极限竞速X1还继续在北卡罗来纳州建造一座占地60,000平方英尺的新设施。

  • 该公司正在积极寻求战略合作伙伴关系,并对与补充其产品线的企业建立合资企业持开放态度,以扩大其产品范围和市场覆盖范围。

More details: Forza X1 IR

更多详情: 极限竞速 X1 红外

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

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