Forward Industries, Inc. (FORD)

Forward Industries Income Statement

Financials in millions USD. Fiscal year is October - September.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Revenue	25.19	30.2	36.69	38.21	39.02	34.48
Revenue Growth (YoY)	6.11%	-17.70%	-3.98%	-2.09%	13.18%	-7.83%
Cost of Revenue	22.73	23.99	28.32	29.41	30.89	27.84
Gross Profit	2.46	6.21	8.36	8.8	8.13	6.64
Selling, General & Admin	7.81	7.94	8.2	8.21	8.9	7.53
Operating Expenses	7.81	7.94	8.2	8.21	8.9	7.53
Operating Income	-5.34	-1.73	0.16	0.59	-0.76	-0.89
Interest Expense	-0.05	-0.06	-0.1	-0.12	-0.17	-0.17
Interest & Investment Income	0.06	0.08	0.02	-	0.09	0.06
Currency Exchange Gain (Loss)	0.01	0.01	0	-0.01	-0.01	-0
Other Non Operating Income (Expenses)	0.15	-0.02	0.03	0	0	-0
EBT Excluding Unusual Items	-5.18	-1.72	0.11	0.45	-0.85	-1.01
Merger & Restructuring Charges	-	-	-	-	-	-0.08
Impairment of Goodwill	-0.43	-0.2	-	-	-	-1.02
Other Unusual Items	-	-	0.07	-	1.38	0.33
Pretax Income	-5.6	-1.92	0.18	0.45	0.52	-1.77
Income Tax Expense	0.02	0.02	0.02	0	-	0.01
Earnings From Continuing Operations	-5.62	-1.95	0.16	0.45	0.52	-1.78
Earnings From Discontinued Operations	1.97	-0	-3.9	-1.83	-	-
Net Income	-3.65	-1.95	-3.74	-1.38	0.52	-1.78
Net Income to Common	-3.65	-1.95	-3.74	-1.38	0.52	-1.78
Shares Outstanding (Basic)	1	1	1	1	1	1
Shares Outstanding (Diluted)	1	1	1	1	1	1
Shares Change (YoY)	0.29%	-	7.94%	-2.32%	8.97%	0.54%
EPS (Basic)	-3.31	-1.77	-3.39	-1.37	0.53	-1.85
EPS (Diluted)	-3.33	-1.77	-3.40	-1.39	0.50	-1.90
Free Cash Flow	-1.89	0.34	0.9	1.37	-0.6	-0.33
Free Cash Flow Per Share	-1.71	0.31	0.82	1.34	-0.57	-0.35
Gross Margin	9.78%	20.56%	22.80%	23.03%	20.85%	19.25%
Operating Margin	-21.21%	-5.74%	0.43%	1.54%	-1.96%	-2.58%
Profit Margin	-14.50%	-6.46%	-10.18%	-3.61%	1.34%	-5.15%
Free Cash Flow Margin	-7.49%	1.13%	2.47%	3.57%	-1.53%	-0.96%
EBITDA	-5.01	-1.4	0.48	0.9	-0.44	-0.62
EBITDA Margin	-19.89%	-4.64%	1.30%	2.35%	-1.12%	-1.79%
D&A For EBITDA	0.33	0.33	0.32	0.31	0.33	0.27
EBIT	-5.34	-1.73	0.16	0.59	-0.76	-0.89
EBIT Margin	-21.21%	-5.74%	0.43%	1.54%	-1.96%	-2.58%
Effective Tax Rate	-	-	11.20%	0.56%	-	-
Revenue as Reported	30.2	30.2	36.69	-	-	-

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q