{"schema_version":"secwatch.filing_event.v1","accession":"0001683168-24-003231","form_type":"8-K","ticker":"FWDI","cik":"0000038264","company_name":"Forward Industries, Inc.","filed_at":"2024-05-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.601810+00:00","generated_at":"2026-06-02T04:20:01.043764+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Forward Industries Q2 revenue down 19.6% to $7.8M; net loss widens to $0.6M","bullets":["Revenue $7.8M vs $9.7M in prior year; gross margin improved to 20.5% from 19.8%.","Loss from continuing operations of $0.5M vs $0.1M loss in 2023; net loss $0.6M vs $0.9M.","Basic and diluted loss per share from continuing operations $0.05 vs $0.01.","Cash balance declined to $2.3M from $3.2M at September 30, 2023.","CEO cites focus on returning to profitability; costs from discontinued retail division largely concluded."],"urls":{"canonical":"https://secwatch.observer/filing/0001683168-24-003231","json":"https://secwatch.observer/filing/0001683168-24-003231.json","markdown":"https://secwatch.observer/filing/0001683168-24-003231.md","text":"https://secwatch.observer/filing/0001683168-24-003231.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/38264/000168316824003231/0001683168-24-003231-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/38264/000168316824003231/forward_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T04:20:01.043764+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":"83892820d7fe187e956c74a9c4b964624b1912a2","claim":"Forward Industries, Inc. reported second quarter ended March 31, 2024 results: revenue $7.8 million, net income $0.6 million, EPS $0.05.","evidence_excerpt":"Forward Industries, Inc. (NASDAQ:FORD), a global design, sourcing and distribution group, today announced financial results for its second quarter ended March 31, 2024. Second Quarter Fiscal Year 2024 Financial Highlights · Revenues were $7.8 million, a decrease of 19.6% from $9.7 million for 2023. · Gross margin increased to 20.5% compared to 19.8% for 2023. · Loss from continuing operations was $0.5 million compared to $0.1 million in 2023 and net loss was $0.6 million compared to $0.9 million in 2023. · Basic and diluted loss per share from continuing operations was $0.05 compared to $0.01 for 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/38264/000168316824003231/0001683168-24-003231-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second quarter ended March 31, 2024"},{"label":"Revenue","value":"$7.8 million"},{"label":"Net income","value":"$0.6 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"}