<ARTICLE> 5 <LEGEND> FORWARD INDUSTRIES, INC. AND SUBSIDIARY EXHIBIT 27-FINANCIAL DATA SCHEDULE THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE REGISTRANT'S UNAUDITED CONSOLIDATED BALANCE SHEET AS OF JUNE 30, 1997 AND UNAUDITED CONSOLIDATED BALANCE SHEET AS OF JUNE 30, 1997 AND UNAUDITED CONSOLIDATED STATEMENT OF OPERATIONS FOR THE NINE MONTHS THEN ENDED AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> SEP-30-1997 <PERIOD-START> OCT-1-1996 <PERIOD-END> JUN-30-1997 <CASH> 994,235 <SECURITIES> 0 <RECEIVABLES> 2,506,411 <ALLOWANCES> 91,300 <INVENTORY> 1,893,605 <CURRENT-ASSETS> 6,080,200 <PP&E> 2,426,465 <DEPRECIATION> 1,711,207 <TOTAL-ASSETS> 9,333,833 <CURRENT-LIABILITIES> 3,965,689 <BONDS> 0 <COMMON> 71,120 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 3,997,864 <TOTAL-LIABILITY-AND-EQUITY> 9,333,833 <SALES> 10,848,948 <TOTAL-REVENUES> 10,848,948 <CGS> 7,450,525 <TOTAL-COSTS> 7,450,525 <OTHER-EXPENSES> 3,107,441 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 149,310 <INCOME-PRETAX> 194,319 <INCOME-TAX> 83,236 <INCOME-CONTINUING> 111,083 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 111,083 <EPS-PRIMARY> 0.02 <EPS-DILUTED> 0.02