FORD Forward Industries, Inc.
Forward Industries, Inc. operates as a single source solution provider for the full spectrum of hardware and software product design and engineering services. It also engages in the designing and distribution of carry and protective solutions. The company was founded in 1961 and is headquartered in West Palm Beach, FL.
Company profile
Ticker
FORD
Exchange
Website
CEO
Terence Bernard Wise
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
Former names
Forward Industries Inc
SEC CIK
Corporate docs
IRS number
131950672
FORD stock data
()
Investment data
Securities sold
Number of investors
Calendar
14 Aug 19
10 Dec 19
30 Sep 20
News
Company financial data Financial data
| Quarter (USD) | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|
| Revenue | 9.91M | 8.17M | 10.18M | 9.61M | |
| Net income | -104.06K | -1.13M | -530.53K | 148.72K | |
| Diluted EPS | -0.01 | -0.12 | -0.06 | 0.02 | |
| Net profit margin | -1.05% | -13.84% | -5.21% | 1.55% | |
| Operating income | -49.87K | -1.08M | -480.53K | 187.99K | |
| Net change in cash | 323.36K | -2.03M | 47.42K | 28.28K | |
| Cash on hand | 2.71M | 2.39M | 4.42M | 4.37M | |
| Cost of revenue | 8.01M | 6.86M | 8.88M | 7.73M |
| Annual (USD) | Sep 18 | Sep 17 | Sep 16 | Sep 15 | |
|---|---|---|---|---|---|
| Revenue | 34.5M | 24.76M | |||
| Net income | 1.38M | 579.35K | 606.56K | -1.43M | |
| Diluted EPS | 0.15 | 0.07 | .07 | -0.23 | |
| Net profit margin | 4.00% | 2.34% | |||
| Operating income | 260.65K | 598.47K | 616.95K | -1.51M | |
| Net change in cash | -253.12K | -137.64K | 718.5K | -2.44M | |
| Cash on hand | 4.37M | 4.62M | 4.76M | 4.04M | |
| Cost of revenue | 27.93M | 20.57M | 22.4M | 24.22M |
Financial data from company earnings reports
Financial report summary
?Management Discussion
- As previously disclosed, the Company received a letter from the Financial Industry Regulatory Authority ("FINRA") notifying the Company that FINRA was investigating trading in the Company's securities surrounding the January 18, 2018 announcement that the Company had acquired Intelligent Product Solutions, Inc. (the "FINRA Investigation"). On May 8, 2018, the Company received notice from FINRA that the FINRA Investigation had been completed and that the matter had been referred to the SEC.
- On February 13, 2019, the SEC served certain of the Company's executive officers and the Custodian of Record (the Company's Chief Financial Officer) with subpoenas related to its investigation on this matter. The Company's officers and the Custodian of Record who received subpoenas are currently working with legal representation to comply with all subpoena requests and demands.
Content analysis
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| Positive | ||
| Negative | ||
| Uncertain | ||
| Constraining | ||
| Legalese | ||
| Litigous | ||
| Readability |
H.S. freshman Avg
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New words:
Advice, aforementioned, began, build, built, Canada, Cautionary, concept, consumption, Costco, covenant, coverage, Custodian, CVS, Depot, deterioration, disagreeing, facility, failing, forced, gain, gaming, ground, hope, incorrect, leveraging, lot, methodology, minimum, network, ownership, pertaining, pursue, reconciling, release, rep, response, responsible, selected, seller, slower, standing, sustained, Target, targeting, unamortized, Walmart
Removed:
cellular, deficit, met, specifically, travel
Financial reports
10-Q
2019 Q3
Quarterly report
14 Aug 19
10-Q
2019 Q2
Quarterly report
15 May 19
10-Q
2019 Q1
Quarterly report
14 Feb 19
10-K
2018 FY
Annual report
20 Dec 18
10-Q
2018 Q3
Quarterly report
14 Aug 18
10-Q
2018 Q2
Quarterly report
18 May 18
10-Q
2018 Q1
Quarterly report
14 Feb 18
10-K
2017 FY
Annual report
14 Dec 17
10-Q
2017 Q3
Quarterly report
14 Aug 17
10-Q
2017 Q2
Quarterly report
12 May 17
Current reports
8-K
Entry into a Material Definitive Agreement
28 Oct 19
8-K
Departure of Directors or Certain Officers
18 Oct 19
8-K
Forward Reports Fiscal 2019 Third Quarter Results
14 Aug 19
8-K
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
22 Jul 19
8-K
FORWARD REPORTS FISCAL 2019 SECOND QUARTER RESULTS Revenues of $8.2 million and operating loss of $1.1 million for the quarter
15 May 19
8-K
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
9 May 19
8-K
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
6 May 19
8-K
Entry into a Material Definitive Agreement
23 Apr 19
8-K
Other Events
20 Feb 19
8-K
Forward Reports Fiscal 2019 First Quarter Results
14 Feb 19
Registration and prospectus
S-8
Registration of securities for employees
28 Jun 18
D
$411.61K in equity, sold $411.61K, 10 investors
6 Feb 18
S-8 POS
Registration of securities for employees (post-effective amendment)
16 Sep 16
424B3
Prospectus supplement
4 Apr 14
S-1
IPO registration
26 Mar 14
S-8
Registration of securities for employees
12 Mar 14
D
$1.5M in equity / options, sold $750K, 7 investors
12 Jul 13
8-A12B
Registration of securities on exchange
26 Apr 13
8-A12B/A
Registration of securities on exchange (amended)
19 Aug 10
8-A12B
Registration of securities on exchange
15 Jun 10
Proxies
DEF 14A
Definitive proxy
20 Dec 18
DEF 14A
Definitive proxy
28 Dec 17
DEF 14A
Definitive proxy
14 Dec 16
DEF 14A
Definitive proxy
18 Dec 15
DFAN14A
Additional proxy materials by non-management
26 Dec 14
DEFA14A
Additional proxy soliciting materials
23 Dec 14
DEFA14A
Additional proxy soliciting materials
19 Dec 14
DFAN14A
Additional proxy materials by non-management
19 Dec 14
DFAN14A
Additional proxy materials by non-management
18 Dec 14
DEFA14A
Additional proxy soliciting materials
16 Dec 14
Other
UPLOAD
Letter from SEC
3 Nov 15
UPLOAD
Letter from SEC
3 Dec 14
CORRESP
Correspondence with SEC
2 Dec 14
UPLOAD
Letter from SEC
2 Dec 14
UPLOAD
Letter from SEC
24 Nov 14
CORRESP
Correspondence with SEC
10 Jul 14
UPLOAD
Letter from SEC
3 Jul 14
UPLOAD
Letter from SEC
3 Jul 14
CORRESP
Correspondence with SEC
1 Jul 14
CT ORDER
Confidential treatment order
30 Jun 14
Ownership
SC 13G
Forward Industries, Inc.
14 Feb 19
SC 13G/A
Forward Industries, Inc.
13 Feb 19
SC 13G/A
Forward Industries, Inc.
8 Jun 18
SC 13G
Forward Industries, Inc.
14 Feb 18
SC 13G/A
Forward Industries, Inc.
14 Feb 18
SC 13G/A
Forward Industries Inc
23 Jan 18
SC 13G/A
Forward Industries Inc
13 Nov 17
SC 13G/A
Forward Industries Inc
14 Feb 17
SC 13G/A
Forward Industries Inc
24 Jan 17
SC 13G
Forward Industries Inc
12 Feb 16