Forward Industries designs, develops and delivers carry solutions to enhance business and customers’ experience. The Company's original equipment manufacturer (OEM) products include carrying cases and other accessories for blood glucose monitoring kits and various other portable electronic and non-electronic products. Forward Ind carrying cases are designed to enable the devices to be stowed in a pocket, handbag, briefcase, or backpack, clipped to a belt or shoulder strap, or strapped to an arm.

Type
Public
HQ
West Palm Beach, US
Founded
1961
Size (employees)
20 (est)
Forward Industries was founded in 1961 and is headquartered in West Palm Beach, US
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Forward Industries Office Locations

Forward Industries has offices in Dongguan, West Palm Beach and Cham
West Palm Beach, US (HQ)
219 477 S Rosemary Ave
Cham, CH
7 Riedstrasse
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Forward Industries Financials and Metrics

Forward Industries Financials

Forward Industries's revenue was reported to be $24.76 m in FY, 2017
USD

Revenue (Q2, 2018)

15.3 m

Gross profit (Q2, 2018)

2.8 m

Gross profit margin (Q2, 2018), %

18.5%

Net income (Q2, 2018)

995.1 k

EBIT (Q2, 2018)

283.1 k

Market capitalization (21-May-2018)

15.8 m

Closing share price (21-May-2018)

1.7

Cash (31-Mar-2018)

3.3 m

EV

13.3 m
Forward Industries's current market capitalization is $15.8 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

30.9 m33.4 m30 m27.5 m24.8 m

Revenue growth, %

8%(10%)(8%)

Cost of goods sold

24.5 m26.8 m24.2 m22.4 m20.6 m

Gross profit

6.4 m6.6 m5.8 m5.1 m4.2 m
Quarterly
USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q2, 2018

Revenue

9.1 m7.9 m7.2 m7.2 m7.1 m7 m6.7 m6.6 m4.5 m15.3 m

Cost of goods sold

7.4 m6.4 m5.9 m5.9 m5.6 m5.8 m5.6 m5.4 m3.8 m12.5 m

Gross profit

1.7 m1.6 m1.4 m1.3 m1.5 m1.2 m1.1 m1.2 m716.1 k2.8 m

Gross profit Margin, %

18%20%19%19%21%17%16%18%16%18%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

6.5 m4 m4.8 m4.6 m

Accounts Receivable

4.4 m6.1 m5.5 m4.9 m6.2 m

Inventories

390.2 k2.4 m2.9 m2.6 m2.1 m

Current Assets

14.9 m16.4 m12.7 m12.3 m13.1 m
Quarterly
USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q2, 2018

Cash

7 m5 m2.7 m4.3 m3.3 m3.3 m5.2 m4.2 m3.6 m3.3 m

Accounts Receivable

5.5 m6.2 m5.7 m5.3 m6.5 m6 m4.7 m5.8 m4.4 m9.2 m

Inventories

2.4 m2.6 m2.4 m2.9 m2.9 m2.7 m2.7 m2.6 m2.7 m1.4 m

Current Assets

17 m14.2 m11.1 m12.9 m13.1 m12.3 m12.9 m12.7 m11 m14.2 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(206.9 k)(799.9 k)(1.4 m)606.6 k579.3 k

Depreciation and Amortization

64.5 k53.4 k52.8 k22.4 k

Inventories

(324.1 k)(491.6 k)293.5 k452 k

Accounts Payable

67.4 k
Quarterly
USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q2, 2018

Net Income

70.3 k(1.5 m)(687.7 k)495.1 k244.1 k144.3 k78 k151.5 k(237.5 k)995.1 k

Depreciation and Amortization

48.2 k70.9 k

Inventories

(346 k)2.6 m2.4 m2.9 m2.9 m2.7 m2.7 m2.6 m2.7 m673.3 k

Accounts Payable

280 k152.2 k143.3 k145.4 k40.6 k
USDY, 2018

EV/EBIT

46.9 x

EV/CFO

-10.7 x

Financial Leverage

1.8 x
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