---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-23-003268"
form_type: "8-K"
ticker: "FWDI"
cik: "0000038264"
company_name: "Forward Industries, Inc."
filed_at: "2023-05-12T23:59:59+00:00"
generated_at: "2026-06-15T02:59:53.471563+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Forward Industries Q2 FY2023: Revenue $10.7M (+3.9%), operating loss widens to $0.8M, EPS -$0.09

## Summary
- Revenue $10.7M, up 3.9% from $10.3M in Q2 FY2022.
- Gross margin dropped to 14.2% from 21.8% year-over-year.
- Operating loss of $0.8M compared to a $0.3M loss in prior-year quarter.
- Basic and diluted loss per share $0.09, worsening from $0.04 loss a year ago.
- CEO cites sustained momentum in design division but poor retail/OEM segment performance.

## SEC filing metadata
- accession: 0001683168-23-003268
- form_type: 8-K
- ticker: FWDI
- cik: 0000038264
- company_name: Forward Industries, Inc.
- filed_at: 2023-05-12T23:59:59+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/38264/000168316823003268/0001683168-23-003268-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/38264/000168316823003268/forward_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-23-003268
- JSON: https://secwatch.observer/filing/0001683168-23-003268.json
- Plain text: https://secwatch.observer/filing/0001683168-23-003268.txt

## Key facts
- Earnings Releases
  Forward Industries, Inc. reported the second quarter ended March 31, 2023 results: revenue $10.7 million, EPS $0.09.
  - Period: the second quarter ended March 31, 2023
  - Revenue: $10.7 million
  - EPS: $0.09
  - Result: reported results
  source text: and distribution group, today announced financial results for its second quarter ended March 31, 2023. Second Quarter Fiscal Year 2023 Financial Highlights · Revenues were $10.7 million, an increase of 3.9% from $10.3 million for the second quarter of fiscal year 2022. · Gross margin declined to 14.2% compared to 21.8% for the second quarter of fiscal year 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/38264/000168316823003268/0001683168-23-003268-index.htm

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