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 |
$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 |
| 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 |
-$1.93 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 |
-0.07 |
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 |
-0.37 |
-0.14 |
0.0526 |
-0.19 |
-0.38 |
0.15 |
0.07 |
0.07 |
-0.17 |
| EPS Diluted |
-1.77 |
-0.37 |
-0.14 |
0.0502 |
-0.19 |
-0.38 |
0.15 |
0.07 |
0.07 |
-0.17 |
| Weighted Average Shares
Out |
$1.10 M
|
$10.06 M
|
$10.06 M
|
$9.95 M
|
$9.58 M
|
$9.53 M
|
$9.26 M
|
$8.73 M
|
$8.52 M
|
$8.34 M
|
| Weighted Average Shares
Out Diluted |
$1.10 M
|
$10.06 M
|
$10.06 M
|
$10.44 M
|
$9.58 M
|
$9.53 M
|
$9.35 M
|
$8.82 M
|
$8.68 M
|
$8.34 M
|
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