FWDI logo

FORWARD INDUSTRIES INC

FWDINASDAQ
🏆 #2846 by market capEarnings Dec 10US Equity
$8.00▼ $0.05 (−0.62%)
Market closed · at close
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24h▼ 0.6%
7d▼ 0.7%
14d▲ 33.1%
30d▲ 26.4%
ytd▲ 21.2%
1y▼ 68.4%
🏦Market Cap
$590M
Small Cap
📈Revenue Growth (YoY)
-39.8%
Declining
📊Gross Margin
70.6%
High
💵FCF Margin
-34.6%
Thin
⚖️P/S Ratio
11.2x
Elevated
Otter Score
48
Weak

Trading Snapshot

Day Range
$7.89 – $8.14
52-Week Range
$3.48 – $30.32
Volume
$2.84B
Avg Volume
$2.77B
Shares Outstanding
73.8M
Next Earnings
Nov 6, 2026

Fundamentals Snapshot

Annual Revenue
$18M
Last Q Revenue
$11M
P/E Ratio
-0.7
P/S Ratio
11.2x
EPS (TTM)
$-12.71
Dividend Yield
0.00%
Dilution (1yr)
+800.0%

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.

FWDI logo

FORWARD INDUSTRIES INC

FWDI
Financial Trends
RevenueThe total money the company brought in from sales, before subtracting any costs.
$18M▼ −39.8% YoY
Gross MarginOf every $1 of sales, how much is left after the direct cost of making the product/service. Higher = more efficient.
28.5%▲ +38.8% YoY
Operating IncomeProfit from the core business after operating costs, but before interest and taxes. Negative means the core business isn’t profitable yet.
−$6M▲ +229.4% YoY
Free Cash FlowCash left over after running the business and paying for equipment/capex. Negative means the company is burning cash.
−$5M▼ −1096.0% YoY
Shares OutstandingHow many shares exist. Rising means the company is issuing more shares, which dilutes (shrinks) each existing owner’s slice.
99.1M▲ +800.0% YoY
Net CashCash minus total debt. Positive = more cash than debt (financially strong); negative = more debt than cash (net debt).
$19M▲ +$20M YoY
StockOtter · stockotter.space

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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Otter Score Breakdown

How it's scoredFive components, each rated 1–5★ and equally weighted (20%), averaged to a 0–100 score:💎 Quality — gross margin🚀 Growth — revenue YoY⚖️ Valuation — P/S ratio⚡ Momentum — 30-day price change💧 Dilution — 1-yr share issuance (buybacks score higher)
💎Quality★★★★★
🚀Growth★★★★★
⚖️Valuation★★★★★
⚡Momentum★★★★★
💧Dilution★★★★★
Overall Score
Weak
48/100

Analyst Ratings

ⓘ
Consensus
Buy
9 analysts
Strong Buy2
Buy6
Hold1
Sell0
Strong Sell0
Ratings as of Sep 2026

Latest News & Updates

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MarketWatch·2h ago

FORWARD INDUSTRIES INC tops quarterly estimates as demand accelerates

Revenue grew double digits with management guiding above consensus; margins continued to expand.

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CNBC·5h ago

Analysts lift FWDI price targets on improving margins

Several firms raised targets, citing stronger free cash flow and a healthier backlog.

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MarketWatch·1d ago

FORWARD INDUSTRIES INC announces new agreement to expand its footprint

The move broadens the company’s reach and could add incremental revenue over the next year.