FORD
Income statement / Annual
Last year (2024), Forward Industries, Inc.'s total revenue was $29.61 M,
a decrease of 19.28% from the previous year.
In 2024, Forward Industries, Inc.'s net income was -$1.95 M.
See Forward Industries, Inc.,s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2024
|
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
| Period Ended |
09/30/2024 |
09/30/2023 |
09/30/2022 |
09/30/2021 |
09/30/2020 |
09/30/2019 |
09/30/2018 |
09/30/2017 |
09/30/2016 |
09/30/2015 |
| Operating Revenue |
$29.61 M |
$36.69 M |
$42.34 M |
$39.02 M |
$34.48 M |
$37.41 M |
$34.50 M |
$24.76 M |
$27.48 M |
$30.01 M |
| Cost of Revenue |
$23.40 M
|
$28.32 M
|
$33.97 M
|
$30.89 M
|
$27.84 M
|
$30.83 M
|
$27.93 M
|
$20.57 M
|
$22.40 M
|
$24.22 M
|
| Gross Profit |
$6.21 M
|
$8.36 M
|
$8.37 M
|
$8.13 M
|
$6.64 M
|
$6.58 M
|
$6.57 M
|
$4.19 M
|
$5.08 M
|
$5.79 M
|
| Gross Profit Ratio |
0.21
|
0.23
|
0.2
|
0.21
|
0.19
|
0.18
|
0.19
|
0.17
|
0.18
|
0.19
|
| Research and Development Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| General & Administrative Expenses |
$6.52 M
|
$6.54 M
|
$6.75 M
|
$6.40 M
|
$5.66 M
|
$7.71 M
|
$4.53 M
|
$2.09 M
|
$2.57 M
|
$4.94 M
|
| Selling & Marketing Expenses |
$1.42 M
|
$1.66 M
|
$2.85 M
|
$2.50 M
|
$1.95 M
|
$1.97 M
|
$1.78 M
|
$1.50 M
|
$1.89 M
|
$2.36 M
|
| Selling, General & Administrative Expenses |
$7.94 M
|
$8.20 M
|
$9.61 M
|
$8.90 M
|
$7.61 M
|
$9.68 M
|
$6.31 M
|
$3.59 M
|
$4.46 M
|
$7.31 M
|
| Other Expenses |
$200,000.00
|
$0.00
|
-$12,612.00
|
-$4,569.00
|
-$19,701.00
|
-$49,805.00
|
-$22,885.00
|
$0.00
|
$0.00
|
$0.00
|
| Operating Expenses |
$8.14 M
|
$8.20 M
|
$9.61 M
|
$8.90 M
|
$7.61 M
|
$9.68 M
|
$6.31 M
|
$3.59 M
|
$4.46 M
|
$7.31 M
|
| Cost And Expenses |
$31.35 M
|
$36.53 M
|
$43.58 M
|
$39.79 M
|
$35.45 M
|
$40.51 M
|
$34.24 M
|
$24.17 M
|
$26.86 M
|
$31.53 M
|
| Interest Income |
$78,863.00
|
$23,188.00
|
$123,411.00
|
$88,760.00
|
$60,932.00
|
$201,004.00
|
$0.00
|
$0.00
|
$0.00
|
$3,022.00
|
| Interest Expense |
$62,662.00
|
$104,201.00
|
$123,411.00
|
$171,957.00
|
$174,962.00
|
$201,004.00
|
$115,447.00
|
$0.00
|
$0.00
|
$0.00
|
| Depreciation & Amortization |
$332,660.00
|
$315,940.00
|
$309,239.00
|
$327,290.00
|
$271,973.00
|
$311,000.00
|
$228,189.00
|
$22,372.00
|
$52,754.00
|
$53,445.00
|
| EBITDA |
-$1.53 M |
$598,806.00 |
$897,709.00 |
-$437,709.00 |
-$1.32 M |
-$3.10 M |
$784,841.00 |
$639,966.00 |
$669,708.00 |
-$1.46 M |
| EBITDA Ratio |
-0.05
|
0.02
|
-0.02
|
-0.02
|
-0.03
|
-0.08
|
0.01
|
0.03
|
0.02
|
-0.05
|
| Operating Income Ratio |
-0.07
|
0
|
-0.03
|
-0.02
|
-0.03
|
-0.08
|
0.01
|
0.02
|
0.02
|
-0.05
|
| Total Other Income/Expenses Net |
$7,885.00
|
$19,006.00
|
-$136,023.00
|
$1.29 M
|
$216,269.00
|
-$510,809.00
|
$371,668.00
|
-$19,124.00
|
-$10,392.00
|
-$120,400.00
|
| Income Before Tax |
-$1.92 M
|
$178,664.00
|
-$1.38 M
|
$523,805.00
|
-$1.77 M
|
-$3.61 M
|
$632,320.00
|
$579,346.00
|
$606,562.00
|
-$1.63 M
|
| Income Before Tax Ratio |
-0.06
|
0
|
-0.03
|
0.01
|
-0.05
|
-0.1
|
0.02
|
0.02
|
0.02
|
-0.05
|
| Income Tax Expense |
$22,947.00
|
$20,006.00
|
$2,554.00
|
-$159,902.00
|
$9,167.00
|
-$4,162.00
|
-$747,000.00
|
$19,124.00
|
$10,392.00
|
-$132,008.00
|
| Net Income |
-$1.95 M
|
-$3.74 M
|
-$1.38 M
|
$523,805.00
|
-$1.78 M
|
-$3.60 M
|
$1.38 M
|
$579,346.00
|
$606,562.00
|
-$1.43 M
|
| Net Income Ratio |
-0.07
|
-0.1
|
-0.03
|
0.01
|
-0.05
|
-0.1
|
0.04
|
0.02
|
0.02
|
-0.05
|
| EPS |
-1.77 |
-3.7 |
-1.4 |
0.526 |
-1.9 |
-3.8 |
1.5 |
0.7 |
0.7 |
-1.7 |
| EPS Diluted |
-1.77 |
-3.7 |
-1.4 |
0.502 |
-1.9 |
-3.8 |
1.5 |
0.7 |
0.7 |
-1.7 |
| Weighted Average Shares Out |
$1.10 M
|
$1.01 M
|
$1.01 M
|
$995,009.40
|
$958,344.10
|
$953,203.40
|
$926,467.00
|
$872,732.20
|
$852,118.80
|
$834,216.80
|
| Weighted Average Shares Out Diluted |
$1.10 M
|
$1.01 M
|
$1.01 M
|
$1.04 M
|
$958,344.10
|
$953,203.40
|
$935,466.90
|
$882,305.90
|
$867,558.30
|
$834,216.80
|
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