Forward Industries Financials

$24.8 M

Revenue FY, 2017

$15.3 M

Mkt cap, 16-Feb-2018
Gross profit (FY, 2017)4.2 M
Gross profit margin (FY, 2017), %17%
Net income (FY, 2017)579.3 K
EBIT (FY, 2017)598.5 K
Cash, 30-Sep-20174.6 M

Financials

Market Value

Revenue/Financials

Income Statement

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

Gross profit Margin, %

21%20%19%18%17%

Sales and marketing expense

1.9 m1.5 m

General and administrative expense

2.6 m2.1 m

Operating expense total

4.5 m3.6 m

Depreciation and amortization

22.4 k

EBIT

705.8 k(98.7 k)(1.5 m)617 k598.5 k

EBIT margin, %

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

Interest income

4.6 k33.9 k3 k

Pre tax profit

579.3 k

Income tax expense

507

Net Income

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

    Quarterly

    USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

    Revenue

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

    Cost of goods sold

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

    Gross profit

    1.7 m1.6 m1.4 m1.3 m1.5 m1.2 m1.1 m1.2 m716.1 k

    Gross profit Margin, %

    18%20%19%19%21%17%16%18%16%

    Sales and marketing expense

    708.8 k682.5 k695.6 k498 k432.9 k432.1 k452.7 k417.5 k389.7 k

    General and administrative expense

    925.7 k2.5 m1.3 m355.7 k841.7 k623.2 k540.6 k593.2 k563.5 k

    Operating expense total

    1.6 m3.2 m2 m853.6 k1.3 m1.1 m993.3 k1 m953.2 k

    EBIT

    31.7 k(1.6 m)(681.1 k)494.2 k247.8 k145.2 k84.9 k148.1 k(237.1 k)

    EBIT margin, %

    0%(20%)(9%)7%3%2%1%2%(5%)

    Interest income

    3 k68 k

    Net Income

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

      Balance Sheet

      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

      PP&E

      130 k99 k78.7 k43 k20.7 k

      Total Assets

      15 m16.6 m12.8 m12.4 m13.2 m

      Accounts Payable

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

      Current Liabilities

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

      Total Liabilities

      4.2 m4.2 m

      Additional Paid-in Capital

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

      Retained Earnings

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

      Total Equity

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

      Financial Leverage

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

        Quarterly

        USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

        Cash

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

        Accounts Receivable

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

        Inventories

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

        Current Assets

        17 m14.2 m11.1 m12.9 m13.1 m12.3 m12.9 m12.7 m11 m

        PP&E

        97.8 k105.2 k100 k90.3 k109.5 k96.8 k81.7 k37 k31.6 k

        Total Assets

        17.1 m14.3 m11.3 m13 m13.3 m12.4 m13 m12.7 m11 m

        Accounts Payable

        1.2 m280 k152.2 k143.3 k145.4 k40.6 k

        Current Liabilities

        6.2 m5.7 m4.7 m5.9 m5.5 m4.5 m5 m4.3 m2.8 m

        Additional Paid-in Capital

        18.8 m17.5 m17.4 m17.5 m17.6 m17.7 m17.7 m17.8 m17.9 m

        Retained Earnings

        (7.5 m)(10.3 m)(11 m)(10.5 m)(10 m)(9.9 m)(9.8 m)(9.5 m)(9.8 m)

        Total Equity

        10.1 m7.2 m6.5 m7 m7.7 m7.9 m8 m8.4 m8.2 m

        Financial Leverage

        1.7 x2 x1.7 x1.9 x1.7 x1.6 x1.6 x1.5 x1.3 x

          Cash Flow

          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

          Accounts Receivable

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

          Inventories

          (324.1 k)(491.6 k)293.5 k452 k

          Accounts Payable

          67.4 k

          Cash From Operating Activities

          2.3 m234.5 k(2 m)768.3 k(137.6 k)

          Purchases of PP&E

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

          Cash From Investing Activities

          (1.4 m)(250.7 k)908 k(48.1 k)

          Dividends Paid

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

          Cash From Financing Activities

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

          Income Taxes Paid

          6.4 k

            Quarterly

            USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

            Net Income

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

            Depreciation and Amortization

            48.2 k

            Accounts Receivable

            (1.1 m)6.2 m5.7 m5.3 m6.5 m6 m4.7 m5.8 m4.4 m

            Inventories

            (346 k)2.6 m2.4 m2.9 m2.9 m2.7 m2.7 m2.6 m2.7 m

            Accounts Payable

            280 k152.2 k143.3 k145.4 k40.6 k

            Cash From Operating Activities

            676.5 k

            Purchases of PP&E

            (16 k)

            Cash From Investing Activities

            (222.6 k)

            Cash From Financing Activities

            (57.2 k)

              Ratios

              USDY, 2017

              Revenue/Employee

              1 m

              Financial Leverage

              1.5 x