Forward Industries (FORD) Revenue & Revenue Breakdown

OverviewOwnership Financials Chart

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 24	Sep 23	Sep 22	Sep 21	Sep 20
Design	$19.99M	$22.69M	$20.17M	$13.73M	-
OEM Distribution	$10.20M	$14.00M	$18.04M	-	-
Retail Distribution	-	-	$4.13M	-	-
Koble Products	-	-	-	$1.49M	-
Product	-	-	-	$63.00K	-
Distribution	-	-	-	-	$20.75M

Forward Industries's latest annual revenue breakdown by segment (product or service), as of Sep 24: Design (66.21%), and OEM Distribution (33.79%).

Quarterly Revenue by Product

Product/Service	Sep 24	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
OEM Distribution	$2.58M	$2.85M	$2.76M	$2.01M	$2.64M	$2.93M	$4.06M	$4.38M	$3.34M	$4.78M	$4.68M	-	-	-	-	-	-	-	-	-
Design	$4.74M	$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	-	-	-
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	-	-

Forward Industries's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Design (64.73%), and OEM Distribution (35.27%).

Forward Industries Revenue Breakdown by Country

Annual Revenue by Country

Country	Sep 24	Sep 23	Sep 22	Sep 21	Sep 20
UNITED STATES	$23.59M	$27.12M	$29.49M	$25.67M	-
POLAND	$2.80M	$1.27M	$2.64M	$3.11M	-
Other Foreign Countries	$2.09M	$1.85M	$1.90M	$1.81M	-
GERMANY	$1.28M	$3.00M	$2.98M	$2.79M	-
CHINA	$435.00K	$3.44M	$5.33M	$5.64M	-
OtherAPMember	-	-	-	-	$649.00K
Singapore	-	-	-	-	$228.00K
Taiwan	-	-	-	-	$162.00K
United States	-	-	-	-	$21.02M
Austria	-	-	-	-	$406.00K
Germany	-	-	-	-	$3.38M
Great Britain	-	-	-	-	$267.00K
Other	-	-	-	-	$362.00K
Poland	-	-	-	-	$2.67M
Switzerland	-	-	-	-	-
China	-	-	-	-	$217.00K
Hong Kong	-	-	-	-	$4.88M
Malaysia	-	-	-	-	$200.00K

Forward Industries's latest annual revenue breakdown by geography, as of Sep 24: UNITED STATES (78.14%), POLAND (9.26%), Other Foreign Countries (6.93%), GERMANY (4.23%), and CHINA (1.44%).

Forward Industries Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
NKE	NIKE	$51.36B	$12.35B
SKX	Skechers U.	$8.00B	$2.35B
DECK	Deckers Outdoor	$4.29B	$1.31B
CROX	Crocs	$3.96B	$1.06B
DBI	Designer Brands	$3.07B	$777.19M
SHOO	Steven Madden	$1.98B	$621.17M
ONON	On	$1.68B	$524.34M
FORD	Forward Industries	$36.69M	$7.83M

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 24 are Design, and OEM Distribution. Design generated $19.99M in revenue, accounting 66.21% of the company's total revenue, down -11.88% year-over-year. OEM Distribution generated $10.2M in revenue, accounting 33.79% of the company's total revenue, down -27.12% year-over-year.

What is Forward Industries’s main source of revenue?

For the fiscal year ending Sep 24, the largest source of revenue of Forward Industries was Design. This segment made a revenue of $19.99M, representing 66.21% of the company's total revenue.