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:
以下是極限競速 X1, Inc. (FRZA) 2024 年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
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.
極限競速 X1 成功地將其現金消耗率從去年的每月60萬美元降至2024年第一季度的每月約23萬美元。
該公司的進一步目標是到2024年第二季度末將現金消耗率降至每月15萬美元以下。
Business Progress:
業務進展：
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.
由於船用電動汽車市場的需求降低，Forza X1放慢了其電動船的測試和生產步伐。
儘管目前的市場狀況不佳，但該公司仍繼續重點測試其FX1 140馬力的舷外發動機。
由於之前的財務義務，極限競速X1還繼續在北卡羅來納州建造一座佔地60,000平方英尺的新設施。
該公司正在積極尋求戰略合作伙伴關係，並對與補充其產品線的企業建立合資企業持開放態度，以擴大其產品範圍和市場覆蓋範圍。
More details: Forza X1 IR
更多詳情： 極限競速 X1 紅外
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：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。