Forward Industries (FORD) Reports Q3 EPS of $0.01

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Forward Reports Fiscal 2016 Third Quarter Results

August 12, 2016 4:30 PM EDT

WEST PALM BEACH, Fla., Aug. 12, 2016 (GLOBE NEWSWIRE) -- Forward Industries, Inc. (NASDAQ: FORD), a designer and distributor of custom carry and protective solutions, today announced financial results for its third fiscal quarter ended June 30, 2016.

Third Quarter 2016 Financial Highlights

Income from Operations was $85 thousand compared to income of $494 thousand from the third quarter of 2015.   Revenues were $6.7 million vs $7.2 million when compared to the third quarter of 2015.  Gross profit percentage declined to 16.2% in the third quarter of 2016 compared to 18.6% in the third quarter... More