FORWARD INDUSTRIES INC

FWDINASDAQ

🏆 #3085 by market capUS Equity

$4.40▲ $0.11 (+2.45%)

Live

1h▲ 0.2%

24h▲ 2.5%

7d▲ 3.9%

14d▲ 15.7%

30d▲ 6.9%

1y▼ 66.6%

🏦Market Cap

$324M

Small Cap

📈Revenue Growth (YoY)

+79.7%

High Growth

📊Gross Margin

67.3%

High

💵FCF Margin

2.2%

Thin

⚖️P/S Ratio

6.9x

Fair

Otter Score

Weak

Trading Snapshot

Day Range: $4.33 – $4.47
52-Week Range: $3.48 – $46.00
Volume: $2.84B
Avg Volume: $2.77B
Shares Outstanding: 73.8M
Next Earnings: Sep 18, 2026

Fundamentals Snapshot

Annual Revenue: $18M
Last Q Revenue: $13M
P/E Ratio: —
P/S Ratio: 6.9x
EPS (TTM): $-16.53
Dividend Yield: —

Why Investors Own FWDI

✓High-growth profile — revenue up +40.6% YoY with expanding US Equity exposure.
✓Healthy economics — 37% gross margin and 7% free-cash-flow margin.
✓New products and segments could unlock additional revenue streams.

⚠️ Key Risks

Execution delays, intensifying competition, and valuation compression if growth decelerates.

Financial Trends

Revenue (TTM)

$18M▲ +39.9% YoY

Gross Margin (TTM)

37.1%▲ +0.2% YoY

Operating Income (TTM)

$5M▲ +39.9% YoY

Free Cash Flow (TTM)

$1M▲ +39.9% YoY

About FORWARD INDUSTRIES INC

Forward Industries, Inc., together with its subsidiaries, provides hardware and software product design and engineering services primarily in the United States. The company operates through Design and Digital Assets segments. It offers design, engineering, and development services for consumer and industrial electronics products, such as medical products, smart displays, beverage vending, enterprise and mobile software applications, lighting, security and detections systems, cameras, wearables, and vehicle controls. The company also provides electrical, mechanical, software, and optical engineering services; industrial design and user experience/user interface design and development; and program management, IoT system architecture, and IT support services. Forward Industries, Inc. was incorporated in 1961 and is based in Hauppauge, New York.

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