This company has been acquired
Forza X1 Management
Management criteria checks 2/4
Forza X1's CEO is Joseph Visconti, appointed in Mar 2024, has a tenure of less than a year. total yearly compensation is $155.02K, comprised of 48.4% salary and 51.6% bonuses, including company stock and options. directly owns 0.62% of the company’s shares, worth $20.67K. The average tenure of the management team and the board of directors is 1.8 years and 2.9 years respectively.
Key information
Joseph Visconti
Chief executive officer
US$155.0k
Total compensation
| CEO salary percentage | 48.4% |
| CEO tenure | less than a year |
| CEO ownership | 0.6% |
| Management average tenure | 1.8yrs |
| Board average tenure | 2.9yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | -US$6m |
| Jun 30 2024 | n/a | n/a | -US$6m |
| Mar 31 2024 | n/a | n/a | -US$5m |
| Dec 31 2023 | US$155k | US$75k | -US$6m |
| Sep 30 2023 | n/a | n/a | -US$6m |
| Jun 30 2023 | n/a | n/a | -US$6m |
| Mar 31 2023 | n/a | n/a | -US$5m |
| Dec 31 2022 | US$2m | US$27k | -US$4m |
Compensation vs Market: Joseph's total compensation ($USD155.02K) is below average for companies of similar size in the US market ($USD647.72K).
Compensation vs Earnings: Joseph's compensation has been consistent with company performance over the past year.
CEO
Joseph Visconti (60 yo)
less than a year
Tenure
US$155,016
Compensation
Mr. Joseph C. Visconti had been President of Twin Vee Powercats Co. since 2015 until July 12, 2024. He serves as Chief Executive Officer and Chairman of the Board at Twin Vee Powercats Co. since 2015 and h...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman of the Board | less than a year | US$155.02k | 0.62% $ 20.7k | |
| Interim Chief Financial & Administrative Officer | less than a year | no data | 0.32% $ 10.5k | |
| Chief Technology Officer | 2.8yrs | no data | no data | |
| Chief Electrical Engineer | 2.8yrs | no data | no data |
1.8yrs
Average Tenure
Experienced Management: FRZA's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman of the Board | 3.1yrs | US$155.02k | 0.62% $ 20.7k | |
| Independent Director | 2.9yrs | US$48.00k | 0.059% $ 2.0k | |
| Independent Director | 2.3yrs | US$25.50k | 0.029% $ 967.1 | |
| Independent Director | 2.9yrs | US$30.00k | 0% $ 0 |
2.9yrs
Average Tenure
61yo
Average Age
Experienced Board: FRZA's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/11/26 03:16 |
| End of Day Share Price | 2024/11/26 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Forza X1, Inc. is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Ashok Kumar | ThinkEquity LLC |