$16.3 M

FORD Mkt cap, 14-Aug-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 EV12.5 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

30.9 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, 2017Q2, 2018Q3, 2018

Revenue

9.1 m7.9 m7.2 m7.2 m7.1 m7 m6.7 m6.6 m4.5 m15.3 m24.9 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 m20.2 m

Gross profit

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

Gross profit Margin, %

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

Sales and marketing expense

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

General and administrative expense

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

Operating expense total

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

EBIT

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

EBIT margin, %

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

Interest expense

30.9 k77.4 k

Interest income

3 k6 8 k

Pre tax profit

248.1 k483.6 k

Income tax expense

747 k747 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)995.1 k1.2 m

Forward Industries 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

Short-term debt

Current Liabilities

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

Long-term debt

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, 2017Q2, 2018Q3, 2018

Cash

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

Accounts Receivable

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

Inventories

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

Current Assets

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

PP&E

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

Goodwill

2.2 m2.2 m

Total Assets

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

Accounts Payable

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

Current Liabilities

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

Long-term debt

800 k550 k

Total Debt

800 k550 k

Total Liabilities

7.9 m8 m

Additional Paid-in Capital

18.8 m17.5 m17.4 m17.5 m17.6 m17.7 m17.7 m17.8 m17.9 m18.5 m18.7 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)(8.1 m)(7.9 m)

Total Equity

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

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

(206.9 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, 2017Q2, 2018Q3, 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 k1.2 m

Depreciation and Amortization

48.2 k70.9 k157.8 k

Accounts Receivable

(1.1 m)6.2 m5.7 m5.3 m6.5 m6 m4.7 m5.8 m4.4 m(539 k)(357.6 k)

Inventories

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

Accounts Payable

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

Cash From Operating Activities

676.5 k(1.2 m)618 k

Purchases of PP&E

(16 k)(32.7 k)(38.7 k)

Cash From Investing Activities

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

Long-term Borrowings

(143 k)(219.7 k)

Cash From Financing Activities

(57.2 k)1.3 m468.8 k

Interest Paid

30.9 k77.4 k

Income Taxes Paid

1.1 k2.1 k

Forward Industries Ratios

USDY, 2018

EV/EBIT

171.8 x

EV/CFO

20.2 x

Financial Leverage

1.7 x
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