secwatch.observer — SEC 8-K summary
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Issuer:     Forward Industries, Inc. (FWDI)
CIK:        0000038264
Form:       8-K
Filed at:   2024-02-14T23:59:59+00:00
Accession:  0001683168-24-000984
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/38264/000168316824000984/0001683168-24-000984-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/38264/000168316824000984/forward_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-24-000984

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer