$13.6 M

FORD Mkt cap, 17-Jan-2019

$34.5 M

Forward Industries Revenue FY, 2018
Forward Industries Gross profit (FY, 2018)6.6 M
Forward Industries Gross profit margin (FY, 2018), %19%
Forward Industries Net income (FY, 2018)1.4 M
Forward Industries EBIT (FY, 2018)260.7 K
Forward Industries Cash, 30-Sep-20184.4 M
Forward Industries EV9.6 M

Forward Industries Revenue

Forward Industries revenue was $34.50 m in FY, 2018

Embed Graph

Forward Industries Income Statement

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

Gross profit Margin, %

21%20%19%18%17%19%

Sales and marketing expense

2.2m2.8m2.4m1.9m1.5m1.8m

General and administrative expense

3.5m3.8m4.9m2.6m2.1m4.5m

Operating expense total

5.7m6.7m7.3m4.5m3.6m6.3m

Depreciation and amortization

22.4k

EBIT

705.8k(98.7k)(1.5m)617.0k598.5k260.7k

EBIT margin, %

2%0%(5%)2%2%1%

Interest expense

115.4k

Interest income

4.6k33.9k3.0k

Pre tax profit

579.3k632.3k

Income tax expense

507.0747.0k

Net Income

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

Quarterly

Forward Industries Balance Sheet

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

PP&E

130.0k99.0k78.7k43.0k20.7k359.0k

Goodwill

2.2m

Total Assets

15.0m16.6m12.8m12.4m13.2m19.2m

Accounts Payable

3.5m666.6k122.8k62.1k67.4k330.0k

Short-term debt

Current Liabilities

4.8m6.4m5.3m4.2m4.2m7.6m

Long-term debt

350.0k

Total Debt

350.0k

Total Liabilities

4.9m6.5m5.4m4.2m4.2m8.1m

Additional Paid-in Capital

18.0m18.7m17.6m17.8m17.9m18.7m

Retained Earnings

(7.4m)(8.4m)(10.3m)(9.7m)(9.1m)(7.7m)

Total Equity

9.4m9.2m7.3m8.2m8.9m11.1m

Financial Leverage

1.6 x1.8 x1.7 x1.5 x1.5 x1.7 x

Forward Industries Cash Flow

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

Accounts Receivable

(1.7m)670.7k589.7k(1.4m)(587.6k)

Inventories

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

Accounts Payable

67.4k

Cash From Operating Activities

2.3m234.5k(2.0m)768.3k(137.6k)956.5k

Purchases of PP&E

(74.2k)(33.5k)(33.2k)(48.1k)(55.9k)

Cash From Investing Activities

(1.4m)(250.7k)908.0k(48.1k)(1.4m)

Long-term Borrowings

(297.8k)

Dividends Paid

(14.5k)(76.5k)(21.2k)

Cash From Financing Activities

1.2m(123.7k)(1.3m)(1.7k)175.8k

Interest Paid

115.4k

Income Taxes Paid

6.4k2.7k

Quarterly

Forward Industries Ratios

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 Employee Rating

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