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Stock impact report

Forward Reports Fiscal 2018 First Quarter Results

Forward Industries, Inc. (FORD) 
US:NASDAQ Investor Relations: forwardindustries.com
Company Research Source: GlobeNewswire
WEST PALM BEACH, Fla., Feb. 14, 2018 (GLOBE NEWSWIRE) -- Forward Industries, Inc. (NASDAQ:FORD), a designer and manufacturing sourcer, today announced financial results for its first fiscal quarter ended December 31, 2017. First Quarter 2018 Financial Highlights Income from Operations was $51 thousand compared to income from operations of $148 thousand from the first quarter of 2017.   Revenues were $6.3 million vs $6.6 million when compared to the first quarter of 2017.  Gross profit percentage declined to 15.8% in the first quarter of 2018 compared to 17.6% in the first quarter of 2017. Net income was $47 thousand compared to net income of $151 thousand in the first quarter of 2017. Earnings per share were $.01 per share compared to $.02 per share for the first quarter of 2017.              Terry Wise, Chief Executive Officer of Forward Industries, stated, “In this first quarter, I am pleased that we continued to generate a positive net income and concluded our acquisition of I Show less Read more
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