)

Forward Industries (FORD) investor relations material
Forward Industries Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Revenue from continuing operations declined 50.5% year-over-year for the quarter and 32.8% for the nine months, primarily due to the loss of a major customer and lower project volume, partially offset by new customer projects.
The company completed the sale of its OEM segment in May 2025 and previously exited its retail distribution segment, both classified as discontinued operations, resulting in a $1.4M gain on sale in Q3 2025.
Cost reduction measures included two workforce reductions in January and June 2025 to mitigate revenue declines.
The company raised $1M via Series B Convertible Preferred Stock in May 2025 and $2.4M through an equity line of credit and $2.2M in a registered direct offering post-quarter end.
Financial highlights
Q3 2025 revenue from continuing operations: $2.5M, down from $5.0M in Q3 2024; nine-month revenue: $10.2M, down from $15.2M year-over-year.
Gross margin for the quarter dropped to -24.9% from 26.0% year-over-year; nine-month gross margin fell to 3.3% from 26.7%.
Operating loss for Q3 2025 was $2.6M versus $0.5M in Q3 2024; nine-month operating loss was $5.3M versus $1.4M year-over-year.
Net loss attributable to common shareholders for Q3 2025 was $0.9M ($0.77/share) and $3.0M ($2.73/share) for the nine months.
Income from discontinued operations (OEM and retail) was $1.6M in Q3 2025 and $2.1M for the nine months, including a $1.4M gain on sale.
Outlook and guidance
Management expects continued material revenue decreases due to the loss of its largest customer and ongoing macroeconomic uncertainty, including tariffs.
Cost reduction efforts are ongoing, and further adjustments may be made based on business needs.
There is substantial doubt about the company's ability to continue as a going concern for 12 months from the financial statement issuance date.
Next Forward Industries earnings date

Next Forward Industries earnings date

The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage