{"schema_version":"secwatch.filing_event.v1","accession":"0001683168-23-005686","form_type":"8-K","ticker":"FWDI","cik":"0000038264","company_name":"Forward Industries, Inc.","filed_at":"2023-08-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.340456+00:00","generated_at":"2026-06-11T13:14:15.234677+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Forward Industries Q3 revenue down 4.7% to $10.1M, discontinues retail division","bullets":["Revenue of $10.1M vs $10.6M in prior year Q3; gross margin 18.0% vs 18.1%.","Operating loss of $0.5M, compared to $0.4M loss in Q3 FY2022.","Basic and diluted EPS loss of $0.05 vs $0.04 loss in prior year quarter.","Cash balance of $2.8M at June 30, 2023, up from $2.6M at Sept 30, 2022.","CEO cited persistent retail/OEM challenges; company resolved to wind down retail division."],"urls":{"canonical":"https://secwatch.observer/filing/0001683168-23-005686","json":"https://secwatch.observer/filing/0001683168-23-005686.json","markdown":"https://secwatch.observer/filing/0001683168-23-005686.md","text":"https://secwatch.observer/filing/0001683168-23-005686.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/38264/000168316823005686/0001683168-23-005686-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/38264/000168316823005686/forward_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T13:14:15.234677+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"f4e25da513306a655406dff3fd4d9ffeb6bb1ad2","claim":"Forward Industries, Inc. reported the three and nine months ended June 30, 2023 results: revenue $10.1 million, EPS $0.05.","evidence_excerpt":"sourcing and distribution group, today announced financial results for its third quarter ended June 30, 2023. Third Quarter Fiscal Year 2023 Financial Highlights · Revenues were $10.1 million, a decrease of 4.7% from $10.6 million for the third quarter of fiscal year 2022. · Gross margin declined to 18.0% compared to 18.1% for the third quarter of fiscal year 2022. ·","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/38264/000168316823005686/0001683168-23-005686-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three and nine months ended June 30, 2023"},{"label":"Revenue","value":"$10.1 million"},{"label":"EPS","value":"$0.05"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}