Forward Industries (FORD) Reports Q1 EPS of $0.03

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Forward Reports Fiscal 2016 First Quarter Results

February 9, 2016 4:01 PM EST

WEST PALM BEACH, Fla., Feb. 09, 2016 (GLOBE NEWSWIRE) -- Forward Industries, Inc. (NASDAQ: FORD), a designer and distributor of custom carry and protective solutions, today announced financial results for its first fiscal quarter ended December 31, 2015.

First Quarter 2016 Financial Highlights

Income from Operations was $248 thousand up from a loss of $1.6 million from the first quarter of 2015.   Revenues were $7.1 Million vs $7.9 Million when compared to the first quarter of 2015.  Gross profit percentage increased to 21.3% in the first quarter of 2015 compared to 19.7%... More