Forward Industries
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Forward Industries's past years’ income statements indicate that its last revenue has decreased compared to the previous period by 13% to $36,688,307. Profit margin reached -10%. Total operating expenses were $8,204,827.
Profit Margin
| 2014 | 33.35M | -799.90K | -2.4% |
|---|---|---|---|
| 2015 | 30.01M | -1.43M | -4.78% |
| 2016 | 27.47M | 606.56K | 2.21% |
| 2017 | 24.76M | 579.34K | 2.34% |
| 2018 | 34.49M | 1.37M | 4% |
| 2019 | 37.40M | -3.60M | -9.63% |
| 2020 | 34.47M | -1.77M | -5.15% |
| 2021 | 39.02M | 523.80K | 1.34% |
| 2022 | 42.33M | -1.37M | -3.26% |
| 2023 | 36.68M | -3.73M | -10.18% |
FORD Income Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 36.68M | 42.33M | 39.02M | 34.47M | 37.40M | 34.49M | 24.76M | 27.47M | 30.01M | 33.35M |
Cost of revenue | 28.32M | 33.96M | 30.88M | 27.83M | 30.82M | 27.93M | 20.57M | 22.39M | 24.22M | 26.80M |
Gross profit | 8.36M | 8.36M | 8.13M | 6.63M | 6.58M | 6.56M | 4.19M | 5.08M | 5.79M | 6.55M |
Operating exp. | ||||||||||
Research and development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Selling and marketing | 1.66M | 2.85M | 2.50M | 1.95M | 1.96M | 1.78M | 1.50M | 1.89M | 2.36M | 2.80M |
Total operating expenses | 8.20M | 9.60M | 8.89M | 7.60M | 9.67M | 6.30M | 3.59M | 4.46M | 7.30M | 6.65M |
Operating income | 159.65K | -1.23M | -764.99K | -967.38K | -3.09M | 260.65K | 598.47K | 616.95K | -1.51M | -98.67K |
Other income (expenses), net | 19.00K | -136.02K | 1.28M | 216.26K | -510.80K | 487.11K | -19.12K | -10.39K | -120.4K | -375.19K |
Income before tax | 178.66K | -1.37M | 523.80K | -1.76M | -3.60M | 632.32K | 579.34K | 606.56K | -1.63M | -473.87K |
Income tax expense | 20.00K | 2.55K | -159.90K | 9.16K | -4.16K | -747K | 19.12K | 10.39K | -132.00K | 701.22K |
Net income | -3.73M | -1.37M | 523.80K | -1.77M | -3.60M | 1.37M | 579.34K | 606.56K | -1.43M | -799.90K |
Earnings per share | ||||||||||
Basic EPS | -0.37 | -0.14 | 0.05 | -0.19 | -0.38 | 0.15 | 0.07 | 0.07 | -0.17 | -0.09 |
Diluted EPS | -0.37 | -0.14 | 0.05 | -0.19 | -0.38 | 0.15 | 0.07 | 0.07 | -0.17 | -0.09 |
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