Forward Reports Fiscal 2024 First Quarter Results
Forward Industries, Inc. (FORD)
US:NASDAQ Investor Relations:
forwardindustries.com
Company Research
Source: GlobeNewswire
HAUPPAUGE, N.Y., Feb. 14, 2024 (GLOBE NEWSWIRE) -- Forward Industries, Inc. (NASDAQ:FORD), a global design, sourcing and distribution group, today announced financial results for its first quarter ended December 31, 2023. First Quarter Fiscal Year 2024 Financial Highlights Revenues were $7.2 million, a decrease of 26.7% from $9.8 million for 2023. Gross margin increased to 23.0% compared to 20.2% for 2023.Loss from continuing operations was $0.4 million compared to $0.1 million in 2023 and net loss was $0.4 million compared to $0.4 million in 2023. Basic and diluted loss per share from continuing operations was $0.04 compared to $0.01 for 2023.Cash balance of $3.0 million at December 31, 2023 compared to $3.2 million at September 30, 2023, a decrease of 5%. Terry Wise, Chief Executive Officer of Forward Industries, stated “A relatively static quarter with a pleasing improvement in gross margin. Our effort to turnaround the business into profitability continues with several ini
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FORD
News
- Forward Industries, Inc. (NASDAQ: FORD) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Forward Industries, Inc. (NASDAQ: FORD) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Forward Industries, Inc. (NASDAQ: FORD) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Forward Industries, Inc. (NASDAQ: FORD) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Forward Industries, Inc. (NASDAQ: FORD) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
FORD
Sec Filings
- 4/22/24 - Form 8-K
- 4/17/24 - Form DEF
- 4/8/24 - Form PRE
- FORD's page on the SEC website