Earnings Call Summary | Forza X1(FRZA.US) Q1 2024 Earnings Conference
Earnings Call Summary | Forza X1(FRZA.US) Q1 2024 Earnings Conference
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.
提示：欲了解更多详情，请访问投资者关系网站。本文仅供投资者参考，不构成任何投资建议。
译文内容由第三方软件翻译。