Forward Industries, Inc., together with its subsidiaries, designs, markets, and distributes carry and protective solutions primarily for handheld electronic devices. The company operates in three segments: OEM Distribution, Retail Distribution, and Design. The OEM Distribution segment sources and distributes carrying cases and other accessories for medical monitoring and diagnostic kits; and various portable electronic and non-electronic products, such as sporting and recreational products, bar code scanners, GPS devices, tablets, and firearms. The Retail Distribution segment sources and sells smart-enabled furniture and a range of other products through agreements with various retailers, including in stores and online retailer websites. The Design segment provides hardware and software product design and engineering services. The company sells its products to original equipment manufacturers in the Asia-Pacific, the Americas, Europe, the Middle East, and Africa. Forward Industries, Inc. was incorporated in 1961 and is headquartered in Hauppauge, New York.
Company profile
Ticker
FORD
Exchange
Website
CEO
Mr. Terence Bernard Wise
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
APOGEE ENTERPRISES 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
Departure of Directors or Certain Officers
18 Oct 24
8-K
Entry into a Material Definitive Agreement
4 Oct 24
8-K
Departure of Directors or Certain Officers
27 Sep 24
10-Q
2024 Q3
Quarterly report
14 Aug 24
8-K
Other Events
1 Aug 24
8-K
Entry into a Material Definitive Agreement
8 Jul 24
8-K
Other Events
3 Jul 24
8-K
Material Modifications to Rights of Security Holders
20 Jun 24
8-K
Regulation FD Disclosure
14 Jun 24
8-K
Submission of Matters to a Vote of Security Holders
10 Jun 24
Latest ownership filings
4
Sangita Shah
2 Oct 24
4
Sharon Hemond Hrynkow
2 Oct 24
SC 13D/A
Terence Bernard Wise
11 Jul 24
4
Bernard Wise Terence
9 Jul 24
SC 13G/A
RENAISSANCE TECHNOLOGIES LLC
13 Feb 24
4
Sangita Shah
3 Oct 23
4
Sharon Hemond Hrynkow
3 Oct 23
4
JAMES W ZIGLAR
3 Oct 23
3
Kathleen Weisberg
11 Jul 23
4
Sharon Hemond Hrynkow
2 Jun 23
Financial summary
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Diluted EPS |
Annual (USD) | Sep 23 | Sep 22 | Sep 21 | Sep 20 | |
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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) | 2.56 mm | 2.56 mm | 2.56 mm | 2.56 mm | 2.56 mm | 2.56 mm |
Cash burn (monthly) | (no burn) | 21.87 k | 127.19 k | 87.79 k | (no burn) | (no burn) |
Cash used (since last report) | n/a | 82.13 k | 477.62 k | 329.66 k | n/a | n/a |
Cash remaining | n/a | 2.48 mm | 2.08 mm | 2.23 mm | n/a | n/a |
Runway (months of cash) | n/a | 113.2 | 16.4 | 25.4 | n/a | n/a |
Institutional ownership, Q2 2024
60.3% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 2 |
Opened positions | 1 |
Closed positions | 0 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 250.82 mm |
Total shares | 663.73 k |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Sangita Shah | 611.04 k | $0.00 |
Renaissance Technologies | 52.69 k | $250.82 mm |
Proequities | 0.00 | $0.00 |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
1 Oct 24 | Sangita Shah | Stock Options Common Stock | Grant | Acquire A | No | No | 3.73 | 24,010 | 89.56 k | 24,010 |
1 Oct 24 | Hrynkow Sharon Hemond | Stock Options Common Stock | Grant | Acquire A | No | No | 3.73 | 24,010 | 89.56 k | 24,010 |
5 Jul 24 | Terence Bernard Wise | Series A-1 Convertible Preferred Stock Common Stock | Grant | Acquire A | Yes | No | 7.5 | 1,700 | 12.75 k | 1,700 |
1 Oct 23 | Sangita Shah | Stock Options Common Stock | Grant | Acquire A | No | No | 0.76 | 110,803 | 84.21 k | 110,803 |
1 Oct 23 | Hrynkow Sharon Hemond | Stock Options Common Stock | Grant | Acquire A | No | No | 0.76 | 110,803 | 84.21 k | 110,803 |