Detail akcie Forward Inds online

Business Summary: Forward Industries, Inc. is a design, sourcing and distribution company serving medical and technology customers worldwide. The Company operates through the two segments: OEM distribution and design. The Company’s design segment provides hardware and software product design and engineering services to customers predominantly located in the United States. The Company’s OEM distribution segment sources and sells carrying cases and other accessories for medical monitoring and diagnostic kits, as well as a variety of other portable electronic and non-electronic devices to original equipment manufacturers (OEMs), or their contract manufacturers worldwide, that either package its products as accessories in box together with their branded product offerings or sell them through their retail distribution channels. Its subsidiaries include Forward Industries (IN), Inc., Forward Industries (Switzerland) GmbH, Forward Industries UK Limited and others.
Financial Summary: BRIEF: For the three months ended 31 December 2023, Forward Industries Inc revenues decreased 27% to $7.2M. Net loss before extraordinary items increased from $91K to $381K. Revenues reflect OEM Distribution segment decrease of 54% to $2M, Design segment decrease of 4% to $5.1M. Higher net loss reflects Design segment income decrease of 39% to $266K, OEM Distribution segment income decrease of 63% to $41K.