Net income was $1.2 million compared to a net loss of $82 thousand for the three months ended December 31, 2019, the increase primarily resulting from the $1.4 million of other income recognized on the forgiveness of our PPP loan in December 2020.īasic and diluted earnings/(loss) per share were $0.12 compared to $(0.01) in the three months ended December 31, 2019, the increase also resulting from the aforementioned PPP loan forgiveness.Ĭash and cash equivalents totaled $2.3 million at December 31, 2020.

Loss from operations was $167 thousand compared to $29 thousand for the three months ended December 31, 2019. Gross margin improved to 23.3% compared to 20.5% for the three months ended December 31, 2019. Revenues were $9.7 million, an increase of 15.5% from $8.4 million for the three months ended December 31, 2019.

(NASDAQ: FORD), a single source solution provider for the full spectrum of hardware and software product design and engineering services as well as a designer and distributer of carry and protective solutions, today announced financial results for its first quarter ended December 31, 2020.įirst Quarter Fiscal 2021 Financial Highlights 12, 2021 (GLOBE NEWSWIRE) - Forward Industries, Inc. Revenues of $9.7 million and operating loss of $0.2 million for the quarter

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