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.

TypePublic
HQWest Palm Beach, US
Founded1961
Size (employees)20 (est)
Websiteforwardindustries.com
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 West Palm Beach, Dongguan 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 Revenue

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Forward Industries's revenue was reported to be $34.50 m in FY, 2018
USD

Revenue (FY, 2018)

34.5m

Gross profit (FY, 2018)

6.6m

Gross profit margin (FY, 2018), %

19%

Net income (FY, 2018)

1.4m

EBIT (FY, 2018)

260.7k

Market capitalization (17-Jan-2019)

13.6m

Closing stock price (17-Jan-2019)

1.4

Cash (30-Sep-2018)

4.4m

EV

9.6m
Forward Industries's current market capitalization is $13.6 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

30.9m33.4m30.0m27.5m24.8m34.5m

Revenue growth, %

8%(10%)(8%)

Cost of goods sold

24.5m26.8m24.2m22.4m20.6m27.9m

Gross profit

6.4m6.6m5.8m5.1m4.2m6.6m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

8.6m8.4m6.7m9.1m7.9m7.2m7.2m7.1m7.0m6.7m6.6m4.5m7.3m6.3m9.0m9.5m

Cost of goods sold

6.7m6.6m5.3m7.4m6.4m5.9m5.9m5.6m5.8m5.6m5.4m3.8m6.1m5.3m7.2m7.6m

Gross profit

1.8m1.8m1.4m1.7m1.6m1.4m1.3m1.5m1.2m1.1m1.2m716.1k1.3m1.0m1.8m1.9m

Gross profit Margin, %

21%22%21%18%20%19%19%21%17%16%18%16%17%16%20%20%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

6.5m4.0m4.8m4.6m4.4m

Accounts Receivable

4.4m6.1m5.5m4.9m6.2m9.0m

Inventories

2.1m2.4m2.9m2.6m2.1m1.6m

Current Assets

14.9m16.4m12.7m12.3m13.1m15.2m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

6.1m7.0m5.0m2.7m4.3m3.3m3.3m5.2m4.2m3.6m4.1m5.9m3.3m4.3m

Accounts Receivable

6.2m4.6m5.5m6.2m5.7m5.3m6.5m6.0m4.7m5.8m4.4m6.6m5.6m9.2m9.0m

Inventories

2.4m2.1m2.1m2.4m2.6m2.4m2.9m2.9m2.7m2.7m2.6m2.7m1.8m2.1m1.4m1.4m

Current Assets

15.1m15.4m14.7m17.0m14.2m11.1m12.9m13.1m12.3m12.9m12.7m11.0m12.7m13.7m14.2m14.9m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

(206.9k)(799.9k)(1.4m)606.6k579.3k1.4m

Depreciation and Amortization

64.5k53.4k52.8k22.4k228.2k

Inventories

(324.1k)(491.6k)293.5k452.0k552.1k

Accounts Payable

67.4k
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

70.3k(1.5m)(687.7k)(1.7m)244.1k388.4k466.3k151.5k(86.0k)465.9k46.7k995.1k1.2m

Depreciation and Amortization

48.2k41.9k13.1k28.3k43.6k6.0k11.5k16.9k6.1k70.9k157.8k

Inventories

(346.0k)2.6m2.4m(509.0k)(17.8k)179.8k207.9k22.8k(156.2k)744.0k59.9k673.3k760.3k

Accounts Payable

280.0k152.2k143.3k145.4k40.6k
USDY, 2018

EV/EBIT

36.9 x

EV/CFO

10.1 x

Revenue/Employee

1.7m

Financial Leverage

1.7 x
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Forward Industries Online and Social Media Presence

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Forward Industries Company Life and Culture

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Forward Industries Frequently Asked Questions

  • When was Forward Industries founded?

    Forward Industries was founded in 1961.

  • How many employees does Forward Industries have?

    Forward Industries has 20 employees.

  • What is Forward Industries revenue?

    Latest Forward Industries annual revenue is $34.5 m.

  • What is Forward Industries revenue per employee?

    Latest Forward Industries revenue per employee is $1.7 m.

  • Who are Forward Industries competitors?

    Competitors of Forward Industries include Handy Straps, Zara and Ann Summers.

  • Where is Forward Industries headquarters?

    Forward Industries headquarters is located at 219 477 S Rosemary Ave, West Palm Beach.

  • Where are Forward Industries offices?

    Forward Industries has offices in West Palm Beach, Dongguan and Cham.

  • How many offices does Forward Industries have?

    Forward Industries has 3 offices.