---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-24-000984"
form_type: "8-K"
ticker: "FWDI"
cik: "0000038264"
company_name: "Forward Industries, Inc."
filed_at: "2024-02-14T23:59:59+00:00"
generated_at: "2026-06-06T02:45:38.456606+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Forward Industries Q1 revenue drops 26.7% to $7.2M; net loss flat at $0.4M

## Summary
- Revenue declined 26.7% YoY to $7.2M from $9.8M.
- Gross margin improved to 23.0% from 20.2% in the prior year.
- Loss from continuing operations widened to $0.4M from $0.1M.
- Basic and diluted loss per share was $0.04 vs $0.01 a year ago.
- Cash balance fell 5% to $3.0M from $3.2M at September 30, 2023.

## SEC filing metadata
- accession: 0001683168-24-000984
- form_type: 8-K
- ticker: FWDI
- cik: 0000038264
- company_name: Forward Industries, Inc.
- filed_at: 2024-02-14T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/38264/000168316824000984/0001683168-24-000984-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/38264/000168316824000984/forward_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-24-000984
- JSON: https://secwatch.observer/filing/0001683168-24-000984.json
- Plain text: https://secwatch.observer/filing/0001683168-24-000984.txt

## Key facts
- Earnings Releases
  Forward Industries, Inc. reported first quarter ended December 31, 2023 results: revenue $7.2 million, net income net loss was $0.4 million, EPS $0.04.
  - Period: first quarter ended December 31, 2023
  - Revenue: $7.2 million
  - Net income: net loss was $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, 2023. First Quarter Fiscal Year 2024 Financial Highlights · Revenues were $7.2 million, a decrease of 26.7% from $9.8 million for 2023. · Gross margin increased to 23.0% compared to 20.2% for 2023. · Loss from continuing operations was $0.4 million compared to $0.1
  evidence_url: https://www.sec.gov/Archives/edgar/data/38264/000168316824000984/0001683168-24-000984-index.htm

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