---
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"
generated_at: "2026-06-02T04:20:01.043764+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Forward Industries Q2 revenue down 19.6% to $7.8M; net loss widens to $0.6M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-24-003231
- JSON: https://secwatch.observer/filing/0001683168-24-003231.json
- Plain text: https://secwatch.observer/filing/0001683168-24-003231.txt

## Key facts
- Earnings Releases
  Forward Industries, Inc. reported second quarter ended March 31, 2024 results: revenue $7.8 million, net income $0.6 million, EPS $0.05.
  - Period: second quarter ended March 31, 2024
  - Revenue: $7.8 million
  - Net income: $0.6 million
  - EPS: $0.05
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/38264/000168316824003231/0001683168-24-003231-index.htm

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