Forward Industries (FORD) Swings to Q1 Loss
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Forward Reports Fiscal 2015 First Quarter Results
February 13, 2015 9:27 AM ESTWEST PALM BEACH, Fla., Feb. 13, 2015 (GLOBE NEWSWIRE) -- Forward Industries, Inc. (Nasdaq: FORD) ("Forward" or the "Company"), a designer and distributor of custom carry and protective solutions, today announced financial results for its first fiscal quarter ended December 31, 2014.
Forward generated an operating loss of ($1.6) million in the fiscal 2015 first quarter compared to operating income of $0.4 million in the fiscal 2014 first quarter primarily due to increased professional fees and settlement accruals associated with the proxy defense and other legal matters, increased professional fees associated with vetting acquisition targets in connection with prior management's merger... More
