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Stock impact report

Forward Reports Fiscal 2019 Second Quarter Results

Forward Industries, Inc. (FORD) 
US:NASDAQ Investor Relations: forwardindustries.com
Company Research Source: GlobeNewswire
WEST PALM BEACH, Fla., May 15, 2019 (GLOBE NEWSWIRE) -- Forward Industries, Inc. (NASDAQ:FORD), a single source solution provider for the full spectrum of hardware and software product design and engineering services as well as a designer and distributer of carry and protective solutions, today announced financial results for its second fiscal quarter ended March 31, 2019.  Included in the 2019 financial results is a full fiscal quarter of our consolidated entities including Intelligent Product Solutions (IPS), our design and development business, which we acquired on January 18, 2018.  The 2018 second quarter results represents a shortened period. Second Quarter 2019 Financial Highlights  Revenues were $8.2 million compared to $9 million from the second quarter of 2018. A decrease of 9%. Loss from Operations was $1.1 million compared to income of $232 thousand in the second quarter of 2018.   Gross profit percentage decreased to 16% compared to 20% in the second quarter of 2018 Show less Read more
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