Forward Industries (FORD) Revenue & Revenue Breakdown
Forward Industries Revenue Highlights
Latest Revenue (Y)
$36.69M
Latest Revenue (Q)
$7.83M
Main Segment (Y)
Design
Main Geography (Y)
UNITED STATES
Forward Industries Revenue by Period
Forward Industries Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-09-30 | $36.69M | -13.34% |
| 2022-09-30 | $42.34M | 8.50% |
| 2021-09-30 | $39.02M | 13.18% |
| 2020-09-30 | $34.48M | -7.83% |
| 2019-09-30 | $37.41M | 8.43% |
| 2018-09-30 | $34.50M | 39.31% |
| 2017-09-30 | $24.76M | -9.88% |
| 2016-09-30 | $27.48M | -8.44% |
| 2015-09-30 | $30.01M | -10.03% |
| 2014-09-30 | $33.36M | 7.92% |
| 2013-09-30 | $30.91M | 5.13% |
| 2012-09-30 | $29.40M | 29.09% |
| 2011-09-30 | $22.78M | 19.90% |
| 2010-09-30 | $19.00M | 8.92% |
| 2009-09-30 | $17.44M | -12.68% |
| 2008-09-30 | $19.97M | -9.83% |
| 2007-09-30 | $22.15M | -27.63% |
| 2006-09-30 | $30.61M | -40.99% |
| 2005-09-30 | $51.87M | 158.40% |
| 2004-09-30 | $20.07M | 6.21% |
| 2003-09-30 | $18.90M | 15.50% |
| 2002-09-30 | $16.36M | 24.18% |
| 2001-09-30 | $13.18M | -8.56% |
| 2000-09-30 | $14.41M | -30.05% |
| 1999-09-30 | $20.60M | 58.46% |
| 1998-09-30 | $13.00M | 2.36% |
| 1997-09-30 | $12.70M | -29.05% |
| 1996-09-30 | $17.90M | 15.48% |
| 1995-09-30 | $15.50M | - |
Forward Industries generated $36.69M in revenue during NA 2023, up -13.34% compared to the previous quarter, and up 106.34% compared to the same period a year ago.
Forward Industries Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-03-31 | $7.83M | 9.48% |
| 2023-12-31 | $7.15M | 40.41% |
| 2023-09-30 | $5.09M | -49.70% |
| 2023-06-30 | $10.13M | -4.98% |
| 2023-03-31 | $10.66M | -1.40% |
| 2022-12-31 | $10.81M | 10.08% |
| 2022-09-30 | $9.82M | -7.26% |
| 2022-06-30 | $10.59M | 2.66% |
| 2022-03-31 | $10.31M | -11.19% |
| 2021-12-31 | $11.61M | 6.11% |
| 2021-09-30 | $10.94M | 9.83% |
| 2021-06-30 | $9.96M | 18.69% |
| 2021-03-31 | $8.40M | -13.61% |
| 2020-12-31 | $9.72M | 12.92% |
| 2020-09-30 | $8.61M | -9.88% |
| 2020-06-30 | $9.55M | 20.39% |
| 2020-03-31 | $7.93M | -5.50% |
| 2019-12-31 | $8.39M | -8.21% |
| 2019-09-30 | $9.14M | -7.73% |
| 2019-06-30 | $9.91M | 21.25% |
| 2019-03-31 | $8.17M | -19.75% |
| 2018-12-31 | $10.18M | 5.95% |
| 2018-09-30 | $9.61M | 0.75% |
| 2018-06-30 | $9.54M | 5.85% |
| 2018-03-31 | $9.01M | 42.23% |
| 2017-12-31 | $6.34M | 0.45% |
| 2017-09-30 | $6.31M | -13.98% |
| 2017-06-30 | $7.33M | 61.77% |
| 2017-03-31 | $4.53M | -31.23% |
| 2016-12-31 | $6.59M | -0.91% |
| 2016-09-30 | $6.65M | -0.19% |
| 2016-06-30 | $6.66M | -5.13% |
| 2016-03-31 | $7.03M | -1.58% |
| 2015-12-31 | $7.14M | -5.98% |
| 2015-09-30 | $7.59M | 4.99% |
| 2015-06-30 | $7.23M | -0.23% |
| 2015-03-31 | $7.25M | -8.77% |
| 2014-12-31 | $7.94M | -13.46% |
| 2014-09-30 | $9.18M | 1.25% |
| 2014-06-30 | $9.07M | 35.31% |
| 2014-03-31 | $6.70M | -20.39% |
| 2013-12-31 | $8.42M | 11.31% |
| 2013-09-30 | $7.56M | -11.99% |
| 2013-06-30 | $8.59M | 10.32% |
| 2013-03-31 | $7.79M | 11.66% |
| 2012-12-31 | $6.97M | -25.45% |
| 2012-09-30 | $9.35M | 22.04% |
| 2012-06-30 | $7.66M | 6.97% |
| 2012-03-31 | $7.16M | 4.09% |
| 2011-12-31 | $6.88M | 21.70% |
| 2011-09-30 | $5.66M | -8.13% |
| 2011-06-30 | $6.16M | 23.22% |
| 2011-03-31 | $5.00M | -16.29% |
| 2010-12-31 | $5.97M | 10.69% |
| 2010-09-30 | $5.39M | 6.59% |
| 2010-06-30 | $5.06M | 14.45% |
| 2010-03-31 | $4.42M | 7.10% |
| 2009-12-31 | $4.13M | 9.46% |
| 2009-09-30 | $3.77M | -8.20% |
| 2009-06-30 | $4.11M | -3.53% |
| 2009-03-31 | $4.26M | -19.78% |
| 2008-12-31 | $5.31M | 12.31% |
| 2008-09-30 | $4.72M | -15.15% |
| 2008-06-30 | $5.57M | 17.78% |
| 2008-03-31 | $4.73M | -4.55% |
| 2007-12-31 | $4.95M | - |
Forward Industries generated $7.83M in revenue during Q2 2024, up 9.48% compared to the previous quarter, and up 72.44% compared to the same period a year ago.
Forward Industries Revenue Breakdown
Forward Industries Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Sep 23 | Sep 22 | Sep 21 | Sep 20 | Sep 19 |
|---|---|---|---|---|---|
| OEM Distribution | $14.00M | $18.04M | - | - | - |
| Design | $22.69M | $20.17M | $13.73M | $15.42M | - |
| Retail Distribution | - | $4.13M | - | - | - |
| Product | - | - | $63.00K | - | - |
| Koble Products | - | - | $1.49M | - | - |
| Distribution | - | - | - | $20.75M | $21.99M |
Forward Industries's latest annual revenue breakdown by segment (product or service), as of Sep 23: Design (61.83%), and OEM Distribution (38.17%).
Quarterly Revenue by Product
| Product/Service | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| OEM Distribution | $2.85M | $2.76M | $2.01M | $2.64M | $2.93M | $4.06M | $4.38M | $3.34M | $4.78M | $4.68M | - | - | - | - | - | - | - | - | - | - |
| Design | $5.04M | $5.07M | $5.14M | $5.85M | $5.78M | $5.68M | $5.38M | $5.26M | $4.94M | $4.99M | $4.28M | $4.11M | $3.56M | $3.16M | $6.00K | $38.00K | $4.23M | - | - | - |
| Retail Distribution | - | - | - | - | $1.42M | $919.00K | $1.06M | $1.21M | $878.00K | $649.00K | - | - | - | - | - | - | - | - | - | - |
| Contract Manufacture | - | - | - | - | - | - | - | - | - | - | $1.36M | - | - | - | - | - | - | - | - | - |
| Mooni Products | - | - | - | - | - | - | - | - | - | - | - | - | $459.00K | $454.00K | - | - | - | - | - | - |
| Koble | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $186.00K | - | - | - | - | - |
| Distribution | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $5.04M | $6.39M | $4.92M | - | - |
Forward Industries's latest quarterly revenue breakdown by segment (product or service), as of Jun 24: Design (63.85%), and OEM Distribution (36.15%).
Forward Industries Revenue Breakdown by Country
Annual Revenue by Country
| Country | Sep 23 | Sep 22 | Sep 21 | Sep 20 | Sep 19 |
|---|---|---|---|---|---|
| CHINA | $3.44M | $5.33M | $5.64M | - | - |
| POLAND | $1.27M | $2.64M | $3.11M | - | - |
| UNITED STATES | $27.12M | $29.49M | $25.67M | - | - |
| Other Foreign Countries | $1.85M | $1.90M | $1.81M | - | - |
| GERMANY | $3.00M | $2.98M | $2.79M | - | - |
| Hong Kong | - | - | - | $4.88M | $6.02M |
| China | - | - | - | $217.00K | $318.00K |
| Malaysia | - | - | - | $200.00K | $153.00K |
| OtherAPMember | - | - | - | $649.00K | $580.00K |
| Singapore | - | - | - | $228.00K | $564.00K |
| Taiwan | - | - | - | $162.00K | $164.00K |
| United States | - | - | - | $21.02M | $21.73M |
| Austria | - | - | - | $406.00K | $186.00K |
| Germany | - | - | - | $3.38M | $3.88M |
| Great Britain | - | - | - | $267.00K | - |
| Other | - | - | - | $362.00K | $166.00K |
| Poland | - | - | - | $2.67M | $3.35M |
| Switzerland | - | - | - | - | $297.00K |
Forward Industries's latest annual revenue breakdown by geography, as of Sep 23: UNITED STATES (73.91%), CHINA (9.38%), GERMANY (8.18%), Other Foreign Countries (5.05%), and POLAND (3.48%).
Forward Industries Peer Comparison by Revenue
FORD Revenue FAQ
What is Forward Industries’s yearly revenue?
Forward Industries's yearly revenue for 2023 was $36.69M, representing a decrease of -13.34% compared to 2022. The company's yearly revenue for 2022 was $42.34M, representing an increase of 8.50% compared to 2021. FORD's yearly revenue for 2021 was $39.02M, representing an increase of 13.18% compared to 2020.
What is Forward Industries’s quarterly revenue?
Forward Industries's quarterly revenue for Q2 2024 was $7.83M, a 9.48% increase from the previous quarter (Q1 2024), and a -26.53% decrease year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $7.15M, a 40.41% increase from the previous quarter (Q4 2023), and a -33.84% decrease year-over-year (Q1 2023). FORD's quarterly revenue for Q4 2023 was $5.09M, a -49.70% decrease from the previous quarter (Q3 2023), and a -48.13% decrease year-over-year (Q4 2022).
What is Forward Industries’s revenue growth rate?
Forward Industries's revenue growth rate for the last 3 years (2021-2023) was -5.98%, and for the last 5 years (2019-2023) was -1.93%.
What are Forward Industries’s revenue streams?
Forward Industries's revenue streams in p 23 are OEM Distribution, and Design. OEM Distribution generated $14M in revenue, accounting 38.17% of the company's total revenue, down -22.37% year-over-year. Design generated $22.69M in revenue, accounting 61.83% of the company's total revenue, up 12.47% year-over-year.
What is Forward Industries’s main source of revenue?
For the fiscal year ending Sep 23, the largest source of revenue of Forward Industries was Design. This segment made a revenue of $22.69M, representing 61.83% of the company's total revenue.