Forward Industries Income Statement

Financials in millions USD. Fiscal year is October - September.

Millions USD. Fiscal year is Oct - Sep.

Year	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013 - 1996
Revenue	36.69	38.21	39.02	34.48	37.41	34.5	24.76	27.48	30.01	33.36	Upgrade
Revenue Growth (YoY)	-3.97%	-2.09%	13.18%	-7.83%	8.43%	39.31%	-9.88%	-8.44%	-10.03%	7.92%	Upgrade
Cost of Revenue	28.32	29.41	30.89	27.84	30.83	27.93	20.57	22.4	24.22	26.81	Upgrade
Gross Profit	8.36	8.8	8.13	6.64	6.58	6.57	4.19	5.08	5.79	6.55	Upgrade
Selling, General & Admin	8.2	8.21	8.9	7.61	9.68	6.31	3.59	4.46	7.31	6.65	Upgrade
Other Operating Expenses	0	0	0	1.02	0	0	0	0	0	0	Upgrade
Operating Expenses	8.2	8.21	8.9	8.62	9.68	6.31	3.59	4.46	7.31	6.65	Upgrade
Operating Income	0.16	0.59	-0.76	-1.98	-3.1	0.26	0.6	0.62	-1.51	-0.1	Upgrade
Interest Expense / Income	0.1	0.12	0.17	0.17	0.2	0.12	0	0	0	0	Upgrade
Other Expense / Income	3.77	1.84	-1.46	-0.39	0.31	-0.49	0.02	0.01	-0.08	0.7	Upgrade
Pretax Income	-3.72	-1.38	0.52	-1.77	-3.61	0.63	0.58	0.61	-1.43	-0.8	Upgrade
Income Tax	0.02	0	0	0.01	-0	-0.75	0	0	0	0	Upgrade
Net Income	-3.74	-1.38	0.52	-1.78	-3.6	1.38	0.58	0.61	-1.43	-0.8	Upgrade
Preferred Dividends	0	0	0	0	0	0	0	0	0.48	0.19	Upgrade
Net Income Common	-3.74	-1.38	0.52	-1.78	-3.6	1.38	0.58	0.61	-1.91	-0.99	Upgrade
Net Income Growth	-	-	-	-	-	138.08%	-4.49%	-	-	-	Upgrade
Shares Outstanding (Basic)	10	10	10	10	10	9	9	9	8	8	Upgrade
Shares Outstanding (Diluted)	10	10	10	10	10	9	9	9	8	8	Upgrade
Shares Change	-1.37%	-2.32%	8.97%	0.54%	1.90%	6.03%	1.70%	4.00%	1.90%	0.93%	Upgrade
EPS (Basic)	-0.37	-0.14	0.05	-0.19	-0.38	0.15	0.07	0.07	-0.23	-0.12	Upgrade
EPS (Diluted)	-0.37	-0.14	0.05	-0.19	-0.38	0.15	0.07	0.07	-0.23	-0.12	Upgrade
EPS Growth	-	-	-	-	-	114.29%	0%	-	-	-	Upgrade
Free Cash Flow	0.9	1.37	-0.6	-0.33	-2	0.9	-0.14	0.72	-2.06	0.2	Upgrade
Free Cash Flow Per Share	0.09	0.14	-0.06	-0.04	-0.21	0.10	-0.02	0.09	-0.25	0.03	Upgrade
Gross Margin	22.80%	23.03%	20.85%	19.25%	17.59%	19.04%	16.93%	18.49%	19.30%	19.65%	Upgrade
Operating Margin	0.44%	1.54%	-1.96%	-5.75%	-8.28%	0.76%	2.42%	2.25%	-5.04%	-0.30%	Upgrade
Profit Margin	-10.18%	-3.61%	1.34%	-5.15%	-9.63%	4.00%	2.34%	2.21%	-6.36%	-2.98%	Upgrade
Free Cash Flow Margin	2.47%	3.57%	-1.53%	-0.96%	-5.35%	2.61%	-0.56%	2.62%	-6.85%	0.60%	Upgrade
Effective Tax Rate	-	-	-	-	-	-118.14%	-	-	-	-	Upgrade
EBITDA	-3.3	-0.94	1.02	-1.32	-3.1	0.98	0.6	0.66	-1.38	-0.74	Upgrade
EBITDA Margin	-8.99%	-2.47%	2.62%	-3.83%	-8.28%	2.83%	2.43%	2.40%	-4.60%	-2.20%	Upgrade
Depreciation & Amortization	0.32	0.31	0.33	0.27	0.31	0.23	0.02	0.05	0.05	0.06	Upgrade
EBIT	-3.61	-1.25	0.7	-1.59	-3.41	0.75	0.58	0.61	-1.43	-0.8	Upgrade
EBIT Margin	-9.85%	-3.28%	1.78%	-4.61%	-9.11%	2.17%	2.34%	2.21%	-4.78%	-2.40%	Upgrade

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).