---
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"
generated_at: "2026-06-11T13:14:15.234677+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Forward Industries Q3 revenue down 4.7% to $10.1M, discontinues retail division

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-23-005686
- JSON: https://secwatch.observer/filing/0001683168-23-005686.json
- Plain text: https://secwatch.observer/filing/0001683168-23-005686.txt

## Key facts
- Earnings Releases
  Forward Industries, Inc. reported the three and nine months ended June 30, 2023 results: revenue $10.1 million, EPS $0.05.
  - Period: the three and nine months ended June 30, 2023
  - Revenue: $10.1 million
  - EPS: $0.05
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/38264/000168316823005686/0001683168-23-005686-index.htm

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