Forward industries, inc. (FORD)
Income statement / TTM
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

35,618

37,409

37,876

37,506

38,346

34,499

0

0

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of sales

28,620

30,828

31,546

31,157

31,477

27,931

0

0

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net revenues

-

-

-

-

-

-

-

-

-

-

-

-

26,933

27,479

28,419

28,986

29,207

30,013

0

0

0

0

0

0

-

0

-

-

-

-

24,183

22,957

22,763

22,179

0

0

0

Net sales

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

-

-

-

-

-

-

-

Cost of goods sold

-

-

-

-

-

-

-

-

-

-

-

-

22,216

22,399

23,087

23,384

23,454

24,220

0

0

0

25,230

24,626

25,629

24,533

27,092

27,203

26,035

25,512

21,526

19,333

18,041

17,682

16,931

0

0

0

Gross profit

6,997

6,580

6,329

6,348

6,868

6,568

5,785

5,150

4,035

4,191

4,431

4,232

4,716

5,080

5,332

5,601

5,753

5,793

0

0

0

6,510

6,638

6,722

6,377

5,611

4,574

4,178

3,890

4,164

4,849

4,915

5,080

5,247

0

0

0

Operating expenses
Sales and marketing

2,030

1,965

1,872

1,882

1,973

1,782

1,732

1,493

1,363

1,502

1,689

1,833

1,876

1,891

1,804

1,849

2,112

2,362

0

0

0

2,696

2,541

2,326

2,187

2,208

1,937

1,779

1,591

1,774

2,166

2,457

2,590

2,297

0

0

0

General and administrative

7,613

7,713

5,874

6,044

5,165

4,525

3,841

2,686

2,170

2,090

2,142

2,263

2,323

2,571

2,785

2,600

3,314

4,943

0

0

0

3,466

3,308

3,266

3,484

4,352

4,673

5,213

5,562

5,137

5,311

5,122

4,630

4,004

0

0

0

Total operating expenses

9,643

9,678

7,746

7,926

7,139

6,307

5,574

4,179

3,533

3,593

3,832

4,097

4,199

4,463

4,589

4,449

5,427

7,305

0

0

0

6,163

5,849

5,593

5,671

6,561

6,611

6,992

7,153

6,911

7,478

7,580

7,220

6,302

0

0

0

Loss from operations

-2,645

-3,097

-1,417

-1,578

-270

260

211

970

501

598

599

134

517

616

742

1,152

325

-1,512

0

0

0

347

789

1,129

705

-950

-2,036

-2,814

-3,263

-2,746

-2,628

-2,664

-2,139

-1,054

0

0

0

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

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Fair value adjustment of deferred cash consideration

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in fair value of earn-out consideration

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in fair value of deferred cash consideration

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest expense

206

201

188

182

160

115

0

0

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest (income) expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

-

-

-

-

-

-

-

(Gain)Loss on marketable securities, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

Interest income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

123

146

109

76

0

0

0

Loss on marketable securities, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

-

-

-

-

-

-

-

Other expense(income), net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

-

-

-

-

-

-

-

Total other expense (income), net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

(Loss)income from continuing operations before income tax expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

Other expense

0

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

Loss on marketable securities, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-110

0

0

0

0

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

Loss on change in fair value of warrant liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other income (expense)

-

-

0

0

-

-

0

0

-

-

6

-2

-3

-10

-34

-28

-20

-13

0

0

0

0

0

0

-

0

-

-

-

-

-50

-53

-51

-5

0

0

0

Total other expense

-513

-510

-199

300

326

371

0

0

0

-

0

0

-

-

-247

-241

-234

-120

0

0

0

-535

0

0

-

0

-

-

96

24

73

92

58

70

0

0

0

Loss before income taxes

-3,159

-3,608

-1,616

-1,277

55

632

597

913

474

579

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-2,554

-2,572

-2,081

-984

0

0

0

Income (loss) from continuing operations before income tax expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

-

-

-

-

-

-

-

Provision for income taxes

-4

-4

0

0

-747

-747

-747

-747

0

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

0

14

14

15

15

-54

0

0

-

0

-

-

-

Loss from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,632

0

0

0

-130

-398

170

5

-1,428

-1,833

-2,658

-3,313

-2,050

0

0

-

0

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

198

0

0

0

0

0

0

-

0

-

-

-

-

0

0

-

0

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

Net income (loss)'

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

Preferred stock dividends, accretion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

Net (loss) income applicable to common equity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

Net loss applicable to common equity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

Net loss

-3,155

-3,604

-1,616

-1,277

802

1,379

1,344

1,660

474

579

606

132

513

606

726

1,143

311

-1,433

0

0

0

-178

-443

5

-206

-3,225

-6,289

-7,982

-9,634

-8,047

-5,420

-4,431

-2,900

0

0

0

-

Income (loss) from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Comprehensive income (loss)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

475

0

0

0

438

0

0

-

0

-

0

-

0

-

-

-

-

-

-

-

Net income (loss) applicable to common equity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,909

0

0

0

0

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

Net income (loss)

-3,155

-3,604

-1,616

-1,277

802

1,379

1,344

1,660

474

579

606

132

513

606

726

1,143

311

-1,433

0

0

0

-178

-443

5

-206

-3,225

-6,289

-7,982

-9,634

-8,047

-5,420

-4,431

-2,900

0

0

0

-

Translation adjustments

-

-

-

-

-

-

-

-

0

-

-

-

0

0

-0

-0

-0

-1

0

0

0

0

0

0

-

-

-17

-7

-12

0

0

0

-

-

-

-

-

Net income (loss)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

0

Change in unrealized gains on marketable securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

23

23

0

0

-

0

-

-

-

-

-

-

-

Translation adjustments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Total other comprehensive income (loss)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Total other comprehensive income (loss)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

Comprehensive income (loss)

-

-

-

-

-

-

-

-

0

-

-

-

514

606

725

1,143

310

-1,435

0

0

0

-173

-60

0

-

0

0

-

-9,669

0

0

0

-

-

-

-

-

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

-

-