Forward industries, inc. (FORD)
Income statement / Quarterly
Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Jun'10
Net revenues

8,392

9,143

9,909

8,172

10,183

9,611

9,539

9,012

6,336

-

7,332

4,532

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of sales

6,672

7,071

8,014

6,861

8,880

7,790

7,625

7,181

5,333

-

6,054

3,816

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net revenues

-

-

-

-

-

-

-

-

-

-

-

-

6,591

6,651

6,664

7,025

7,137

7,591

7,230

7,247

7,943

9,065

6,699

8,415

-

8,590

-

-

-

-

6,222

6,162

5,642

6,156

4,996

5,968

5,058

Net sales

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,786

6,973

-

7,664

-

-

-

-

-

-

-

Cost of goods sold

-

-

-

-

-

-

-

-

-

-

-

-

5,432

5,372

5,586

5,824

5,615

6,060

5,883

5,895

6,381

7,399

5,296

6,570

5,964

6,796

6,298

5,473

8,523

6,906

5,131

4,950

4,537

4,713

3,839

4,591

3,787

Gross profit

1,720

2,072

1,894

1,310

1,303

1,821

1,913

1,830

1,002

1,038

1,277

716

1,158

1,279

1,078

1,200

1,522

1,531

1,347

1,351

1,562

1,666

1,403

1,845

1,595

1,794

1,487

1,499

830

757

1,091

1,211

1,104

1,442

1,157

1,376

1,271

Operating expenses
Sales and marketing

535

528

539

428

469

435

548

519

278

386

309

389

417

573

452

432

432

486

497

695

682

708

725

616

646

552

510

477

667

282

352

289

849

674

643

422

556

General and administrative

1,213

3,036

1,405

1,957

1,313

1,197

1,575

1,078

673

513

419

563

593

566

540

623

841

779

355

1,337

2,470

925

812

856

871

767

770

1,074

1,740

1,088

1,310

1,422

1,315

1,262

1,121

930

690

Total operating expenses

1,749

3,564

1,944

2,385

1,783

1,633

2,124

1,598

951

900

728

953

1,010

1,140

993

1,055

1,274

1,266

853

2,032

3,152

1,634

1,537

1,473

1,518

1,320

1,281

1,551

2,408

1,370

1,662

1,712

2,165

1,937

1,764

1,353

1,246

Loss from operations

-29

-1,491

-49

-1,075

-480

187

-210

232

51

138

549

-237

148

139

84

145

247

264

494

-681

-1,590

31

-133

371

77

473

206

-51

-1,578

-613

-571

-501

-1,060

-494

-607

23

24

Other income (expenses):
Other expenses:
Fair value adjustment of earn-out consideration

-

-

0

-

-

-

510

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Fair value adjustment of deferred cash consideration

-

-

0

-

-

-

-12

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in fair value of earn-out consideration

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in fair value of deferred cash consideration

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest expense

50

50

52

53

45

38

46

30

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest (income) expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

-1

-

21

-

-

-

-

-

-

-

(Gain)Loss on marketable securities, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-85

-

-

-

-

-

-

-

-

-

-

Interest income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6

42

40

34

29

5

6

Loss on marketable securities, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-242

-

0

-

-

-

-

-

-

-

Other expense(income), net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3

-11

-

-38

-

-

-

-

-

-

-

Total other expense (income), net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-80

-233

-

-

-

-

-

-

-

-

-

(Loss)income from continuing operations before income tax expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

286

-

-

-

-

-

-

-

-

-

-

Other expense

1

-

-

-

4

-

-

-

4

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-0

-3

-8

-9

-8

-

-0

-

-

-

-

-

-

-

-

-

-

-

Loss on marketable securities, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-220

0

0

110

-8

-41

80

-

-702

-

-

-

-

-

-

-

-

-

-

-

Loss on change in fair value of warrant liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

188

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other income (expense)

-

-

-1

-2

-

-

-5

0

-

-

2

-0

3

1

-6

-0

-3

-22

-0

6

3

7

11

-47

-

2

-

-

-

-

26

-13

-59

-3

23

-11

-14

Total other expense

-52

-350

-54

-55

-50

-39

445

-30

-4

-

2

-0

-

-

-6

-0

-3

-236

-0

6

110

-9

148

25

-

-699

-

-

51

-17

33

28

-19

30

52

-5

-7

Loss before income taxes

-81

-1,842

-104

-1,130

-530

148

235

201

46

113

551

-237

151

-

-

-

-

-

-

-

-

-

-

-

-

-226

-

-

-

-

-537

-473

-1,080

-463

-554

17

17

Income (loss) from continuing operations before income tax expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

181

-

-630

-

-

-

-

-

-

-

Provision for income taxes

0

-4

0

0

0

0

0

-747

0

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

13

0

1

-0

-

-56

-

-

-

Loss from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

260

495

-687

-1,700

41

-282

346

-236

-226

286

181

-1,670

-630

-539

-472

-

-407

-

-

-

Income from discontinued operations, net of tax provision of $0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

198

-21

-18

4

-

-18

-

-

-

-

-1,005

-1,040

-

-275

-

-

-

Loss from discontinued operations, net of tax expense 0 and 2055 and 0 and 2975, respectively

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-138

-

-

-

-

-

-

-

-

-

-

Loss from discontinued operations, net of tax expense of $ 0 and $920 respectively .

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-42

-

-

-

-

-

-

-

-

-

Net income (loss)'

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

148

138

-

-

-

-

-

-

-

-

-

Preferred stock dividends, accretion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

Net (loss) income applicable to common equity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

148

-

-

-

-

-

-

-

-

-

-

Net loss applicable to common equity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

138

-

-3,308

-

-

-

-

-

-

-

Loss from discontinued operations, net of tax expense (benefit) of $(8,977) and $(130); and $(6,002) and $4,850, respectively

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,678

-

-

-

-

-

-

-

Net loss

-81

-1,838

-104

-1,130

-530

148

235

948

46

113

551

-237

151

140

77

144

244

260

495

-687

-1,501

19

-301

351

-249

-244

148

138

-3,267

-3,308

-1,544

-1,513

-1,680

-682

-554

17

-

Income (loss) from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Comprehensive income (loss)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

168

-

-7

-

-

-

-

-

-

-

Loss per share:
Preferred stock dividends, accretion and beneficial conversion feature

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

951

0

-1

-473

48

47

48

-

293

-

0

-

0

-

-

-

-

-

-

-

Net income (loss) applicable to common equity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

260

495

-689

-1,975

-28

-348

302

-

-538

-

-

-

-

-

-

-

-

-

-

-

Net income (loss)

-81

-1,838

-104

-1,130

-530

148

235

948

46

113

551

-237

151

140

77

144

244

260

495

-687

-1,501

19

-301

351

-249

-244

148

138

-3,267

-3,308

-1,544

-1,513

-1,680

-682

-554

17

-

Translation adjustments

-

-

-

-

-

-

-

-

0

-

-

-

0

-0

0

-0

-0

-0

1

-0

-0

0

0

0

-

-

-14

5

-0

-7

-5

0

-

-

-

-

-

Net income (loss)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,308

-

-

-

-

-

-

17

Change in unrealized gains on marketable securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

23

-

0

-

-

-

-

-

-

-

Translation adjustments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0

-

-

-

-

-

-

-

-

-

-

-

Total other comprehensive income (loss)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0

-

-

-

-

-

-

-

-

-

-

-

Total other comprehensive income (loss)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-14

29

-

-

-

-

-

-

-

-

-

Comprehensive income (loss)

-

-

-

-

-

-

-

-

47

-

-

-

151

140

78

143

243

259

496

-688

-1,502

20

-300

351

-

-244

133

-

-3,291

-3,316

-1,549

-1,512

-

-

-

-

-

Earnings (loss) per share:
Income (loss) from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.02

0.06

-0.08

-0.25

0.00

-

-

-

-

-

0.02

-

-0.08

-

-

-

-

-

-

-

Income from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

0.00

0.00

0.02

0.00

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Basic

-0.01

-0.19

-0.01

-0.12

-0.06

0.02

0.02

0.10

0.01

0.02

0.06

-0.03

0.02

0.01

0.01

0.02

0.03

-

0.06

-0.08

-

0.00

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income (loss) from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.06

-0.08

-0.25

-

-0.04

0.04

-

-0.07

-

-

-

-

-0.07

-0.06

-

-0.05

-

-

-

Income from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

0.00

0.00

0.02

0.00

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Diluted

-0.01

-0.19

-0.01

-0.12

-0.06

0.02

0.02

0.10

0.01

0.02

0.06

-0.03

0.02

0.01

0.01

0.02

0.03

0.02

0.06

-0.08

-0.23

0.00

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Weighted average number of common and common equivalent shares outstanding
Net income (loss) per diluted common share

-0.01

-0.19

-0.01

-0.12

-0.06

0.02

0.02

0.10

0.01

0.02

0.06

-0.03

0.02

-

0.01

-

-

-

0.05

-0.08

-0.23

0.00

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Loss )income from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.04

-

-

-

-

-

-

-

-

-

-

Income from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

0.00

0.00

0.00

-0.02

0.00

-0.20

-0.33

-0.12

-0.13

-

-0.03

-

-

-

Net (loss) income per share (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.04

0.04

-

-0.07

-

0.02

-0.40

-0.41

-0.19

-0.19

-0.21

-0.08

-0.07

0.00

0.00

Net loss income per share

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.02

-

-

-

-

-

-

-

-

-

-

Weighted average number of common and common equivalent shares outstanding:
Basic

9,533

9,533

9,533

9,532

9,527

9,523

9,482

9,291

8,760

8,760

8,855

8,671

8,621

8,606

8,586

8,503

8,387

8,074

8,364

8,486

8,443

8,195

8,195

8,160

-

8,112

8,112

8,106

-

8,105

8,105

-

-

-

-

8,060

7,987

Diluted

9,533

9,533

9,533

9,532

9,527

9,577

9,547

9,398

8,895

8,956

8,906

8,671

8,757

8,741

8,679

8,660

8,621

8,065

8,373

8,486

8,443

8,195

8,195

8,171

-

8,112

8,127

8,106

-

8,105

8,105

-

-

-

-

8,132

8,149

Basic and diluted

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,091

-

8,087

8,085

-

-