trending Market Intelligence /marketintelligence/en/news-insights/trending/PJKoTnnzYig69vvLhJKpIw2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Forward Industries swings to profit in fiscal Q1

Blog

Corporate & Municipal CUSIP Request Volumes Climb for Second Straight Month

Video

Root & Branch: A monthly review of the sustainable LEVFIN market

Blog

Banking Essentials Newsletter - April Edition

Blog

Can We Uncover The Subtext Behind Credit Ratings Research? Part III


Forward Industries swings to profit in fiscal Q1

Forward Industries Inc. said its normalized net income for the fiscal first quarter ended Dec. 31, 2015, came to 2 cents per share, compared with a loss of 12 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $152,550, compared with a loss of $994,220 in the prior-year period.

The normalized profit margin rose to 2.1% from negative 12.5% in the year-earlier period.

Total revenue declined 10.1% year over year to $7.1 million from $7.9 million, and total operating expenses declined 27.7% from the prior-year period to $6.9 million from $9.5 million.

Reported net income totaled $258,650, or 3 cents per share, compared to a loss of $2.1 million, or a loss of 26 cents per share, in the prior-year period.