Forward Industries Inc
NASDAQ:FORD
Income Statement
Earnings Waterfall
Forward Industries Inc
Revenue
|
33m
USD
|
Cost of Revenue
|
-25m
USD
|
Gross Profit
|
8.1m
USD
|
Operating Expenses
|
-7.8m
USD
|
Operating Income
|
252.3k
USD
|
Other Expenses
|
-3.9m
USD
|
Net Income
|
-3.7m
USD
|
Income Statement
Forward Industries Inc
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
32
N/A
|
31
-3%
|
32
+2%
|
33
+5%
|
33
-1%
|
33
+2%
|
32
-6%
|
30
-5%
|
29
-3%
|
29
-1%
|
28
-2%
|
27
-3%
|
27
-2%
|
24
-9%
|
25
+3%
|
25
-1%
|
25
-1%
|
29
+18%
|
31
+8%
|
35
+11%
|
38
+11%
|
38
-2%
|
38
+1%
|
37
-1%
|
36
-5%
|
35
-1%
|
35
-1%
|
34
-2%
|
36
+4%
|
36
+1%
|
37
+1%
|
39
+6%
|
41
+5%
|
43
+5%
|
43
+1%
|
42
-3%
|
42
-2%
|
42
+1%
|
41
-1%
|
37
-11%
|
33
-10%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(26)
|
(25)
|
(25)
|
(27)
|
(27)
|
(27)
|
(26)
|
(24)
|
(23)
|
(23)
|
(23)
|
(22)
|
(22)
|
(20)
|
(21)
|
(21)
|
(20)
|
(24)
|
(25)
|
(28)
|
(31)
|
(31)
|
(31)
|
(31)
|
(29)
|
(28)
|
(28)
|
(28)
|
(29)
|
(29)
|
(29)
|
(31)
|
(32)
|
(34)
|
(35)
|
(34)
|
(34)
|
(35)
|
(35)
|
(28)
|
(25)
|
|
Gross Profit |
7
N/A
|
7
-1%
|
6
-2%
|
7
+2%
|
6
-4%
|
6
-1%
|
6
-5%
|
6
-2%
|
6
-1%
|
6
-3%
|
5
-5%
|
5
-5%
|
5
-7%
|
4
-10%
|
4
+5%
|
4
-6%
|
4
-4%
|
5
+27%
|
6
+12%
|
7
+14%
|
7
+5%
|
6
-8%
|
6
0%
|
7
+3%
|
7
+6%
|
7
+2%
|
7
-2%
|
7
-5%
|
7
+8%
|
7
+4%
|
8
+5%
|
8
+3%
|
8
+4%
|
9
+6%
|
9
-3%
|
8
-4%
|
8
-8%
|
7
-10%
|
7
-1%
|
8
+22%
|
8
-3%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(6)
|
(6)
|
(6)
|
(7)
|
(8)
|
(9)
|
(8)
|
(7)
|
(5)
|
(4)
|
(5)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(6)
|
(6)
|
(7)
|
(8)
|
(8)
|
(10)
|
(10)
|
(9)
|
(9)
|
(7)
|
(8)
|
(8)
|
(9)
|
(9)
|
(9)
|
(9)
|
(9)
|
(10)
|
(10)
|
(9)
|
(9)
|
(8)
|
(8)
|
|
Selling, General & Administrative |
(6)
|
(6)
|
(6)
|
(7)
|
(8)
|
(9)
|
(8)
|
(7)
|
(5)
|
(4)
|
(5)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(6)
|
(6)
|
(7)
|
(8)
|
(8)
|
(10)
|
(10)
|
(9)
|
(9)
|
(7)
|
(8)
|
(8)
|
(9)
|
(9)
|
(9)
|
(9)
|
(9)
|
(9)
|
(9)
|
(9)
|
(9)
|
(8)
|
(8)
|
|
Depreciation & Amortization |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
|
Operating Income |
1
N/A
|
1
-30%
|
0
-56%
|
(0)
N/A
|
(2)
-1 960%
|
(3)
-27%
|
(2)
+18%
|
(2)
+30%
|
0
N/A
|
1
+259%
|
1
-36%
|
1
-16%
|
1
-16%
|
0
-75%
|
1
+362%
|
1
N/A
|
1
-17%
|
1
+94%
|
0
-78%
|
0
+24%
|
(0)
N/A
|
(2)
-485%
|
(1)
+10%
|
(3)
-118%
|
(3)
+15%
|
(2)
+16%
|
(2)
+9%
|
(0)
+81%
|
(1)
-97%
|
(1)
-22%
|
(1)
+12%
|
(1)
+7%
|
(0)
+49%
|
0
N/A
|
(1)
N/A
|
(1)
-125%
|
(2)
-56%
|
(2)
-27%
|
(3)
-5%
|
0
N/A
|
0
+58%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(1)
|
(1)
|
(1)
|
(0)
|
(1)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(1)
|
(2)
|
0
|
1
|
1
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
(0)
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
|
Pre-Tax Income |
0
N/A
|
(0)
N/A
|
(0)
+68%
|
(0)
-262%
|
(3)
-436%
|
(3)
-16%
|
(2)
+16%
|
(2)
+34%
|
0
N/A
|
1
+268%
|
1
-37%
|
1
-15%
|
1
-16%
|
0
-75%
|
1
+362%
|
1
-3%
|
0
-19%
|
1
+94%
|
1
-34%
|
1
+5%
|
0
-90%
|
(1)
N/A
|
(2)
-27%
|
(4)
-124%
|
(3)
+13%
|
(3)
-8%
|
(4)
-4%
|
(2)
+50%
|
(0)
+72%
|
0
N/A
|
1
+920%
|
1
+2%
|
(0)
N/A
|
(0)
+96%
|
(1)
-3 300%
|
(1)
-103%
|
(2)
-44%
|
(3)
-26%
|
(3)
-5%
|
0
N/A
|
0
+26%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
|
Income from Continuing Operations |
0
|
(0)
|
(0)
|
(0)
|
(3)
|
(3)
|
(2)
|
(2)
|
0
|
1
|
1
|
1
|
1
|
0
|
1
|
1
|
0
|
2
|
1
|
1
|
1
|
(1)
|
(2)
|
(4)
|
(3)
|
(3)
|
(4)
|
(2)
|
(1)
|
0
|
1
|
1
|
(0)
|
(0)
|
(1)
|
(1)
|
(2)
|
(3)
|
(3)
|
0
|
0
|
|
Net Income (Common) |
(1)
N/A
|
(1)
-56%
|
(1)
+37%
|
(1)
-13%
|
(3)
-231%
|
(4)
-10%
|
(3)
+15%
|
(2)
+38%
|
0
N/A
|
1
+268%
|
1
-37%
|
1
-15%
|
1
-16%
|
0
-75%
|
1
+362%
|
1
-3%
|
0
-19%
|
2
+253%
|
1
-19%
|
1
+2%
|
1
-41%
|
(1)
N/A
|
(2)
-27%
|
(4)
-124%
|
(3)
+13%
|
(3)
-8%
|
(4)
-4%
|
(2)
+49%
|
(1)
+72%
|
0
N/A
|
1
+1 150%
|
1
+4%
|
(0)
N/A
|
(0)
+96%
|
(1)
-3 300%
|
(1)
-103%
|
(2)
-44%
|
(3)
-26%
|
(3)
-5%
|
(4)
-43%
|
(4)
+2%
|
|
EPS (Diluted) |
-0.1
N/A
|
-0.16
-60%
|
-0.1
+38%
|
-0.12
-20%
|
-0.38
-217%
|
-0.43
-13%
|
-0.37
+14%
|
-0.22
+41%
|
0.03
N/A
|
0.14
+367%
|
0.09
-36%
|
0.07
-22%
|
0.07
N/A
|
0.02
-71%
|
0.07
+250%
|
0.07
N/A
|
0.05
-29%
|
0.18
+260%
|
0.14
-22%
|
0.15
+7%
|
0.08
-47%
|
-0.14
N/A
|
-0.17
-21%
|
-0.38
-124%
|
-0.33
+13%
|
-0.35
-6%
|
-0.36
-3%
|
-0.19
+47%
|
-0.05
+74%
|
0.01
N/A
|
0.05
+400%
|
0.05
N/A
|
-0.05
N/A
|
-0.01
+80%
|
-0.07
-600%
|
-0.14
-100%
|
-0.2
-43%
|
-0.25
-25%
|
-0.26
-4%
|
-0.37
-42%
|
-0.36
+3%
|