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Forward Industries fiscal Q3 profit climbs YOY

4910108 said its normalized net income for the fiscal third quarter ended June 30 was $43,820, a gain from $20,200 in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin rose to 0.6% from 0.2% in the year-earlier period.

otal revenue decreased 20.2% on an annual basis to $7.2 million from $9.1 million, and total operating expenses declined 20.7% year over year t Forward Industries Inc.