Forward Industries, Inc. financial data

Symbol
FORD on Nasdaq
Industry
Plastics Products, NEC
Location
700 Veterans Memorial Hwy, Suite 100, Hauppauge, NY
State of incorporation
NY
Fiscal year end
September 30
Latest financial report
10-Q - Q2 2024 - Aug 14, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 92.9 % -29.7%
Quick Ratio 2.92 % -86.9%
Debt-to-equity 693 % +147%
Return On Equity -159 % -227%
Return On Assets -20 % -57%
Operating Margin -3.41 % -214%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 1.1M shares -89.1%
Common Stock, Shares, Outstanding 1.1M shares -89.1%
Entity Public Float 7.8M USD -35%
Weighted Average Number of Shares Outstanding, Basic 1.1M shares 0%
Weighted Average Number of Shares Outstanding, Diluted 1.1M shares 0%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 31.4M USD -7.47%
Cost of Revenue 24.2M USD -6.12%
Selling and Marketing Expense 1.49M USD +137%
General and Administrative Expense 6.72M USD +4.15%
Operating Income (Loss) -1.07M USD -206%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -1.05M USD -208%
Income Tax Expense (Benefit) 20K USD +683%
Net Income (Loss) Attributable to Parent -3.21M USD -22.3%
Earnings Per Share, Basic -0.2 USD/shares +71.4%
Earnings Per Share, Diluted -0.2 USD/shares +71.4%

Balance Sheet

Label TTM Value / Value Unit Change %
Accounts Receivable, after Allowance for Credit Loss, Current 6.49M USD -15.3%
Inventory, Net 243K USD -87.1%
Assets, Current 9.73M USD -25.5%
Property, Plant and Equipment, Net 235K USD -16.9%
Operating Lease, Right-of-Use Asset 2.7M USD -13.5%
Intangible Assets, Net (Excluding Goodwill) 734K USD -22.5%
Goodwill 1.76M USD 0%
Other Assets, Noncurrent 68.7K USD 0%
Assets 15.2M USD -20.9%
Accounts Payable, Current 145K USD -78.9%
Liabilities, Current 11.3M USD +6.77%
Operating Lease, Liability, Noncurrent 2.53M USD -14%
Other Liabilities, Noncurrent 0 USD
Liabilities 13.8M USD -6.26%
Retained Earnings (Accumulated Deficit) -19M USD -20.3%
Stockholders' Equity Attributable to Parent 1.39M USD -69%
Liabilities and Equity 15.2M USD -20.9%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities 116K USD
Net Cash Provided by (Used in) Financing Activities -250K USD -400%
Net Cash Provided by (Used in) Investing Activities -19.5K USD +56.7%
Common Stock, Shares Authorized 40M shares 0%
Common Stock, Shares, Issued 1.1M shares -89.1%
Common Stock, Par or Stated Value Per Share 0.01 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 2.56M USD -9.3%
Interest Paid, Excluding Capitalized Interest, Operating Activities 19K USD -32%
Deferred Tax Assets, Valuation Allowance 4.1M USD +45.2%
Deferred Tax Assets, Gross 5.08M USD +63.3%
Operating Lease, Liability 2.94M USD -12.1%
Payments to Acquire Property, Plant, and Equipment 19.5K USD -56.7%
Lessee, Operating Lease, Liability, to be Paid 3.62M USD -14%
Property, Plant and Equipment, Gross 740K USD +20.5%
Operating Lease, Liability, Current 411K USD +1.13%
Lessee, Operating Lease, Liability, to be Paid, Year Two 556K USD -6.08%
Lessee, Operating Lease, Liability, to be Paid, Year One 151K USD +2.72%
Operating Lease, Weighted Average Discount Rate, Percent 0.06 pure 0%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 672K USD -21.3%
Lessee, Operating Lease, Liability, to be Paid, Year Three 510K USD -8.27%
Deferred Tax Assets, Operating Loss Carryforwards 2.98M USD +48.4%
Preferred Stock, Shares Issued 0 shares
Preferred Stock, Shares Authorized 4M shares
Lessee, Operating Lease, Liability, to be Paid, Year Four 419K USD -17.8%
Preferred Stock, Shares Outstanding 0 shares
Amortization of Intangible Assets 53K USD 0%
Depreciation, Depletion and Amortization 81.4K USD +5%
Deferred Tax Assets, Net of Valuation Allowance 2.83M USD +9.28%
Interest Expense 74.4K USD -32%