{"schema_version":"secwatch.filing_event.v1","accession":"0001683168-23-008993","form_type":"8-K","ticker":"FWDI","cik":"0000038264","company_name":"Forward Industries, Inc.","filed_at":"2023-12-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:31.678872+00:00","generated_at":"2026-06-07T10:12:19.142095+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Forward Industries reports FY2023 net loss of $3.7M; design division records record revenues","bullets":["Revenue $36.7M, down 3.9% YoY; income from continuing ops $0.2M vs $0.4M.","Net loss widened to $3.7M from $1.4M; diluted EPS from continuing ops $0.02 vs $0.04.","Cash balance increased 23% to $3.2M; gross margin 22.8% vs 23.0%.","Design division subsidiary IPS achieved record revenues and profitability, says CEO.","CEO plans to grow organic businesses and pursue acquisition/venture opportunities in FY2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001683168-23-008993","json":"https://secwatch.observer/filing/0001683168-23-008993.json","markdown":"https://secwatch.observer/filing/0001683168-23-008993.md","text":"https://secwatch.observer/filing/0001683168-23-008993.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/38264/000168316823008993/0001683168-23-008993-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/38264/000168316823008993/forward_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T10:12:19.142095+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":"1c9f0ba06062566f0c8dedb63efb2cb4b1c20335","claim":"Forward Industries, Inc. reported fiscal year ended September 30, 2023 results: revenue $36.7 million, net income net loss was $3.7 million, EPS Basic and diluted earnings per share from continuing operations was $0.02.","evidence_excerpt":"distribution group, today announced preliminary financial results for the fiscal year ended September 30, 2023. Preliminary Fiscal Year 2023 Financial Highlights · Revenues were $36.7 million, a decrease of 3.9% from $38.2 million for 2022 with IPS from the design division recording record revenues in 2023. · Gross margin declined to 22.8% compared to 23.0% for 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/38264/000168316823008993/0001683168-23-008993-index.htm","confidence":0.92,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal year ended September 30, 2023"},{"label":"Revenue","value":"$36.7 million"},{"label":"Net income","value":"net loss was $3.7 million"},{"label":"EPS","value":"Basic and diluted earnings per share from continuing operations was $0.02"},{"label":"Result","value":"preliminary results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}