Forward Industries, Inc. financial data

Symbol
FORD on Nasdaq
Industry
Plastics Products, NEC
Location
700 Veterans Memorial Hwy, Suite 100, Hauppauge, New York
State of incorporation
New York
Fiscal year end
September 30
Latest financial report
Q1 2024 - May 10, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 102 % -25.8%
Quick Ratio 6.76 % -76.5%
Debt-to-equity 510 % +97.7%
Return On Equity -120 % -188%
Return On Assets -19.6 % -69.1%
Operating Margin -1.68 % -226%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 10.1M shares 0%
Common Stock, Shares, Outstanding 10.1M shares 0%
Entity Public Float 7.8M USD -35%
Weighted Average Number of Shares Outstanding, Basic 10.1M shares 0%
Weighted Average Number of Shares Outstanding, Diluted 10.1M shares 0%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 32.2M USD -10%
Cost of Revenue 24.5M USD -12.5%
Selling and Marketing Expense 1.54M USD +71.7%
General and Administrative Expense 6.72M USD +4.31%
Operating Income (Loss) -541K USD -213%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -538K USD -229%
Income Tax Expense (Benefit) 20K USD +683%
Net Income (Loss) Attributable to Parent -3.34M USD -33.5%
Earnings Per Share, Basic -0.33 USD/shares -32%
Earnings Per Share, Diluted -0.33 USD/shares -32%

Balance Sheet

Label TTM Value / Value Unit Change %
Accounts Receivable, after Allowance for Credit Loss, Current 6.48M USD -20.8%
Inventory, Net 309K USD -89.4%
Assets, Current 9.51M USD -31.9%
Property, Plant and Equipment, Net 255K USD -2.39%
Operating Lease, Right-of-Use Asset 2.81M USD -12.9%
Intangible Assets, Net (Excluding Goodwill) 787K USD -21.3%
Goodwill 1.76M USD 0%
Other Assets, Noncurrent 68.7K USD 0%
Assets 15.2M USD -25.1%
Accounts Payable, Current 148K USD -63.9%
Liabilities, Current 10.8M USD -1%
Operating Lease, Liability, Noncurrent 2.62M USD -13.9%
Other Liabilities, Noncurrent 0 USD
Liabilities 13.4M USD -12.2%
Retained Earnings (Accumulated Deficit) -18.6M USD -21.9%
Stockholders' Equity Attributable to Parent 1.77M USD -64.6%
Liabilities and Equity 15.2M USD -25.1%

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 10.1M shares 0%
Common Stock, Par or Stated Value Per Share 0.01 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 2.26M USD -3.98%
Interest Paid, Excluding Capitalized Interest, Operating Activities 19K USD -32%
Deferred Tax Assets, Valuation Allowance 4.1M USD +45.2%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure 0%
Deferred Tax Assets, Gross 5.08M USD +63.3%
Operating Lease, Liability 3.05M USD -11.5%
Depreciation 103K USD +7.29%
Payments to Acquire Property, Plant, and Equipment 19.5K USD -56.7%
Lessee, Operating Lease, Liability, to be Paid 3.76M USD -13.4%
Property, Plant and Equipment, Gross 740K USD +20.5%
Operating Lease, Liability, Current 423K USD +6.65%
Lessee, Operating Lease, Liability, to be Paid, Year Two 556K USD -6.08%
Lessee, Operating Lease, Liability, to be Paid, Year One 298K USD +2.76%
Operating Lease, Weighted Average Discount Rate, Percent 0.06 pure 0%
Deferred Income Tax Expense (Benefit) -151K USD -165%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 715K USD -20.7%
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
Deferred Federal Income Tax Expense (Benefit) 112K USD -49.1%
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
Current State and Local Tax Expense (Benefit) 20K USD +567%
Current Federal Tax Expense (Benefit) 0 USD
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%
Deferred State and Local Income Tax Expense (Benefit) -244K USD -863%
Interest Expense 85.4K USD -25.4%