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Stock impact report

Forward Reports Fiscal 2018 Third Quarter Results

Forward Industries, Inc. (FORD) 
US:NASDAQ Investor Relations: forwardindustries.com
Company Research Source: GlobeNewswire
WEST PALM BEACH, Fla., Aug. 14, 2018 (GLOBE NEWSWIRE) -- Forward Industries, Inc. (NASDAQ:FORD), a leading product design, development and manufacturing sourcing company, today announced financial results for its third fiscal quarter ended June 30, 2018. Third Quarter 2018 Year to Date Financial Highlights Revenues for the quarter were $9.5 million compared to $7.3 million for the third quarter of 2017. Revenues fiscal year to date were $24.9 million compared to $18.5 million for the same period in 2017. Earnings per share for the quarter was $0.02 compared to $0.06 for the third quarter of 2017. Earnings per share fiscal year to date were $0.13 compared to $0.05 for the same period in 2017. Gross profit percentage for the quarter was 20.1% compared to 17.4% in the third quarter of 2017. Net income for the quarter was $235 thousand (which includes a $510 thousand non-cash benefit from change in fair value of IPS earn-out consideration) compared to net income of $552 thousand in th Show less Read more
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