---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-23-000886"
form_type: "8-K"
ticker: "FWDI"
cik: "0000038264"
company_name: "Forward Industries, Inc."
filed_at: "2023-02-14T23:59:59+00:00"
generated_at: "2026-06-19T14:47:14.138640+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Forward Industries Q1 revenue falls 6.9% to $10.8M; swings to net loss $0.4M

## Summary
- Revenue $10.8M, down 6.9% YoY from $11.6M.
- Gross margin 17.7% vs 22.5% a year ago.
- Operating loss $0.5M vs income $0.2M; net loss $0.4M vs income $0.2M.
- Diluted EPS $(0.04) vs $0.02 in prior year.
- Cash $2.3M at Dec 31, 2022, down from $2.6M at Sep 30, 2022.

## SEC filing metadata
- accession: 0001683168-23-000886
- form_type: 8-K
- ticker: FWDI
- cik: 0000038264
- company_name: Forward Industries, Inc.
- filed_at: 2023-02-14T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/38264/000168316823000886/0001683168-23-000886-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/38264/000168316823000886/forward_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-23-000886
- JSON: https://secwatch.observer/filing/0001683168-23-000886.json
- Plain text: https://secwatch.observer/filing/0001683168-23-000886.txt

## Key facts
- Earnings Releases
  Forward Industries, Inc. reported first quarter ended December 31, 2022 results: revenue $10.8 million, net income net loss of $0.4 million, EPS $(0.04).
  - Period: first quarter ended December 31, 2022
  - Revenue: $10.8 million
  - Net income: net loss of $0.4 million
  - EPS: $(0.04)
  - Result: reported results
  source text: and distribution group, today announced financial results for its first quarter ended December 31, 2022. First Quarter Fiscal Year 2023 Financial Highlights · Revenues were $10.8 million, a decrease of 6.9% from $11.6 million for the first quarter of fiscal year 2022. · Gross margin declined to 17.7% compared to 22.5% for the first quarter of fiscal year 2022. ·
  evidence_url: https://www.sec.gov/Archives/edgar/data/38264/000168316823000886/0001683168-23-000886-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.