Incorporated in 1962 and headquartered in West Palm Beach, FL, Forward Industries is a global designer and distributor of custom carry and protective solutions. The company has a 30-year-plus track record of Far Eastern sourcing capability. Forward has subsidiaries in Switzerland and the U.K.
Company profile
Ticker
FORD
Exchange
Website
CEO
Terence Bernard Wise
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
FORWARD INDUSTRIES INC
SEC CIK
Corporate docs
Subsidiaries
Intelligent Product Solutions, Inc. • Kablooe, Inc. • Forward Industries (Switzerland) GmbH • Forward Ind. (UK) Limited, Limited Company • Forward Industries ...
IRS number
131950672
FORD stock data
Latest filings (excl ownership)
8-K
Submission of Matters to a Vote of Security Holders
15 Feb 23
8-K
Forward Reports Fiscal 2023 First Quarter Results
14 Feb 23
10-Q
2023 Q1
Quarterly report
14 Feb 23
DEF 14A
Definitive proxy
19 Dec 22
10-K
2022 FY
Annual report
16 Dec 22
8-K
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
16 Nov 22
8-K
Entry into a Material Definitive Agreement
8 Nov 22
8-K
Departure of Directors or Certain Officers
31 Oct 22
8-K
Forward Reports Fiscal 2022 Third Quarter Results
10 Aug 22
10-Q
2022 Q3
Quarterly report
10 Aug 22
Latest ownership filings
SC 13G/A
Shah Sangita
14 Feb 23
SC 13G/A
RENAISSANCE TECHNOLOGIES LLC
13 Feb 23
4
Sharon Hemond Hrynkow
21 Dec 22
4
JAMES W ZIGLAR
21 Dec 22
3
Robert W Jr. Wild
6 Dec 22
4
JAMES W ZIGLAR
15 Jul 22
4
Sangita Shah
15 Jul 22
4
JAMES W ZIGLAR
5 Apr 22
4
Sangita Shah
5 Apr 22
3
Sharon Hemond Hrynkow
24 Feb 22
Financial summary
| Quarter (USD) | Dec 22 | Sep 22 | Jun 22 | Mar 22 | |
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| Revenue | |||||
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| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Sep 22 | Sep 21 | Sep 20 | Sep 19 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 2.33 mm | 2.33 mm | 2.33 mm | 2.33 mm | 2.33 mm | 2.33 mm |
| Cash burn (monthly) | 81.24 k | 8.37 k | 155.63 k | 168.55 k | 49.54 k | (no burn) |
| Cash used (since last report) | 237.78 k | 24.49 k | 455.50 k | 493.33 k | 144.98 k | n/a |
| Cash remaining | 2.09 mm | 2.31 mm | 1.88 mm | 1.84 mm | 2.19 mm | n/a |
| Runway (months of cash) | 25.8 | 275.7 | 12.1 | 10.9 | 44.1 | n/a |
Institutional ownership, Q3 2022
55.0% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 17 |
| Opened positions | 1 |
| Closed positions | 3 |
| Increased positions | 4 |
| Reduced positions | 4 |
| 13F shares | Current |
|---|---|
| Total value | 9.31 mm |
| Total shares | 2.42 mm |
| Total puts | 0.00 |
| Total calls | 0.00 |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| Renaissance Technologies | 564.04 k | $750.00 k |
| Sangita Shah | 550.42 k | $2.16 mm |
| Grassi Investment Management | 473.30 k | $5.30 mm |
| BLK Blackrock | 381.17 k | $507.00 k |
| Vanguard | 284.04 k | $378.00 k |
| GMT Capital | 91.80 k | $122.00 k |
| Geode Capital Management | 28.14 k | $37.00 k |
| Virtu Financial | 17.58 k | $23.00 k |
| Miracle Mile Advisors | 10.07 k | $13.00 k |
| UBS UBS Group AG - Registered Shares | 6.46 k | $9.00 k |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 20 Dec 22 | Hrynkow Sharon Hemond | Common Stock | Buy | Acquire P | No | No | 1.16 | 4,855 | 5.63 k | 14,855 |
| 20 Dec 22 | Hrynkow Sharon Hemond | Common Stock | Buy | Acquire P | No | No | 1.13 | 5,000 | 5.65 k | 10,000 |
| 19 Dec 22 | James W Ziglar | Common Stock | Buy | Acquire P | No | No | 1.1327 | 10,000 | 11.33 k | 20,000 |
| 1 Jul 22 | Sangita Shah | Stock Options Common Stock | Grant | Acquire A | No | No | 1.47 | 13,605 | 20.00 k | 13,605 |
| 1 Jul 22 | Sangita Shah | Stock Options Common Stock | Grant | Acquire A | No | No | 1.47 | 14,451 | 21.24 k | 14,451 |
| 1 Jul 22 | James W Ziglar | Stock Options Common Stock | Grant | Acquire A | No | No | 1.47 | 13,605 | 20.00 k | 13,605 |
| 1 Jul 22 | James W Ziglar | Stock Options Common Stock | Grant | Acquire A | No | No | 1.47 | 14,451 | 21.24 k | 14,451 |
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