$14.7 M

FORD Mkt cap, 11-Oct-2018

$24.9 M

Forward Industries Revenue Q3, 2018
Forward Industries Gross profit (Q3, 2018)4.7 M
Forward Industries Gross profit margin (Q3, 2018), %18.8%
Forward Industries Net income (Q3, 2018)1.2 M
Forward Industries EBIT (Q3, 2018)72.7 K
Forward Industries Cash, 30-Jun-20184.3 M
Forward Industries EV10.9 M

Forward Industries Revenue

Forward Industries revenue was $24.76 m in FY, 2017

Embed Graph

Forward Industries Income Statement

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

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

Revenue growth, %

8%(10%)(8%)

Cost of goods sold

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

Gross profit

6.4m6.6m5.8m5.1m4.2m

Gross profit Margin, %

21%20%19%18%17%

Sales and marketing expense

1.9m1.5m

General and administrative expense

2.6m2.1m

Operating expense total

4.5m3.6m

Depreciation and amortization

22.4k

EBIT

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

EBIT margin, %

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

Interest income

4.6k33.9k3.0k

Pre tax profit

579.3k

Income tax expense

507.0

Net Income

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

Quarterly

USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q2, 2018Q3, 2018

Revenue

9.1m7.9m7.2m7.2m7.1m7.0m6.7m6.6m4.5m15.3m24.9m

Cost of goods sold

7.4m6.4m5.9m5.9m5.6m5.8m5.6m5.4m3.8m12.5m20.2m

Gross profit

1.7m1.6m1.4m1.3m1.5m1.2m1.1m1.2m716.1k2.8m4.7m

Gross profit Margin, %

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

Sales and marketing expense

708.8k682.5k695.6k498.0k432.9k432.1k452.7k417.5k389.7k798.0k1.3m

General and administrative expense

925.7k2.5m1.3m355.7k841.7k623.2k540.6k593.2k563.5k1.8m3.3m

Operating expense total

1.6m3.2m2.0m853.6k1.3m1.1m993.3k1.0m953.2k2.6m4.6m

EBIT

31.7k(1.6m)(681.1k)494.2k247.8k145.2k84.9k148.1k(237.1k)283.1k72.7k

EBIT margin, %

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

Interest expense

30.9k77.4k

Interest income

3.0k6.08.0k

Pre tax profit

248.1k483.6k

Income tax expense

747.0k747.0k

Net Income

70.3k(1.5m)(687.7k)495.1k244.1k144.3k78.0k151.5k(237.5k)995.1k1.2m

Forward Industries Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

6.5m4.0m4.8m4.6m

Accounts Receivable

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

Inventories

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

Current Assets

14.9m16.4m12.7m12.3m13.1m

PP&E

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

Total Assets

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

Accounts Payable

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

Short-term debt

Current Liabilities

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

Long-term debt

Total Liabilities

4.2m4.2m

Additional Paid-in Capital

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

Retained Earnings

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

Total Equity

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

Financial Leverage

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

Quarterly

USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q2, 2018Q3, 2018

Cash

7.0m5.0m2.7m4.3m3.3m3.3m5.2m4.2m3.6m3.3m4.3m

Accounts Receivable

5.5m6.2m5.7m5.3m6.5m6.0m4.7m5.8m4.4m9.2m9.0m

Inventories

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

Current Assets

17.0m14.2m11.1m12.9m13.1m12.3m12.9m12.7m11.0m14.2m14.9m

PP&E

97.8k105.2k100.0k90.3k109.5k96.8k81.7k37.0k31.6k360.2k326.5k

Goodwill

2.2m2.2m

Total Assets

17.1m14.3m11.3m13.0m13.3m12.4m13.0m12.7m11.0m18.3m19.0m

Accounts Payable

1.2m280.0k152.2k143.3k145.4k40.6k315.0k228.7k

Current Liabilities

6.2m5.7m4.7m5.9m5.5m4.5m5.0m4.3m2.8m6.6m7.3m

Long-term debt

800.0k550.0k

Total Debt

800.0k550.0k

Total Liabilities

7.9m8.0m

Additional Paid-in Capital

18.8m17.5m17.4m17.5m17.6m17.7m17.7m17.8m17.9m18.5m18.7m

Retained Earnings

(7.5m)(10.3m)(11.0m)(10.5m)(10.0m)(9.9m)(9.8m)(9.5m)(9.8m)(8.1m)(7.9m)

Total Equity

10.1m7.2m6.5m7.0m7.7m7.9m8.0m8.4m8.2m10.5m10.9m

Financial Leverage

1.7 x2 x1.7 x1.9 x1.7 x1.6 x1.6 x1.5 x1.3 x1.8 x1.7 x

Forward Industries Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

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

Depreciation and Amortization

64.5k53.4k52.8k22.4k

Accounts Receivable

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

Inventories

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

Accounts Payable

67.4k

Cash From Operating Activities

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

Purchases of PP&E

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

Cash From Investing Activities

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

Dividends Paid

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

Cash From Financing Activities

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

Income Taxes Paid

6.4k

Quarterly

USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q2, 2018Q3, 2018

Net Income

70.3k(1.5m)(687.7k)495.1k244.1k144.3k78.0k151.5k(237.5k)995.1k1.2m

Depreciation and Amortization

48.2k70.9k157.8k

Accounts Receivable

(1.1m)6.2m5.7m5.3m6.5m6.0m4.7m5.8m4.4m(539.0k)(357.6k)

Inventories

(346.0k)2.6m2.4m2.9m2.9m2.7m2.7m2.6m2.7m673.3k760.3k

Accounts Payable

280.0k152.2k143.3k145.4k40.6k

Cash From Operating Activities

676.5k(1.2m)618.0k

Purchases of PP&E

(16.0k)(32.7k)(38.7k)

Cash From Investing Activities

(222.6k)(1.4m)(1.4m)

Long-term Borrowings

(143.0k)(219.7k)

Cash From Financing Activities

(57.2k)1.3m468.8k

Interest Paid

30.9k77.4k

Income Taxes Paid

1.1k2.1k

Forward Industries Ratios

USDY, 2018

EV/EBIT

149.9 x

EV/CFO

17.6 x

Financial Leverage

1.7 x
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