Forza Innovations Inc T.FORZ

Primary Symbol: FORZ

Forza Innovations Inc. is engaged in the health-tech wearable performance business. The Company has acquired the ownership and rights to certain late developmental stage products, including the WarmUp product line, which consists of the J4 Sport, J4 X and J4 Fitbelt. These products are wearable back compression devices, used to relax, warmup, loosen, or relax stiff & sore muscles. The therapeutic application of heat causes a change in temperature of the soft tissues, which decreases joint stiffness and relieves inflammation. Its WarmUp series product uses carbon microfibers combined with safe rechargeable lithium batteries. J4 Sport is for patients with chronic back pain conditions, such as arthritis, osteoporosis, fibromyalgia, and ligament strains. J4 Fitbelt is used to target both the abdominal and lower back muscles or just one of the muscle groups. J4 Core is used while playing, recovering, or performing daily activities at work, home or on the road.

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Forza Innovations Inc > Forza Petroleum Q1 April Estimate Results

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Post by KurdiKingon May 10, 2022 5:30am

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Post# 34669519

Forza Petroleum Q1 April Estimate Results

April average Brent price at USD 104.58

Revenue: $60m

Cash Generated: $16m

Q1 Rev: $150m

Cash Gen: $40m

Cash balance 31/12/21 $24.7

In principal, subject any further depreciation or extraordinary costs, Forza should have approx $70m in cash end of April and with Market cap today $ 90 the share price should be fair valued around $0,8-0,9 with further upside as we see each quarterly result.

FY 2022 Est. Net Cash at average Brent $100 is over $220m.

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