Filing Flows › Forward Industries (FWDI) › Q2 FY25
Forward Industries (FWDI) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed May 14, 2025
Forward Industries (FWDI) reported revenue of $3.1M for the second quarter fiscal 2025 (Q2 FY25), -38% from a year earlier and -53% from the quarter before. Operating margin was -58.3%, net loss $1.5M (46.5% of revenue).
Forward Industries, Q2 FY25: revenue $3.1M (-38% year over year), operating margin -58.3%, net loss $1.5M, operating cash flow −$562K. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.1M | -53% | -38% |
| Operating profit | −$1.8M | — | — |
| Net earnings | −$1.5M | — | — |
| Operating cash flow | −$562K | -217% | — |
What changed
Revenue was $3.1M in Q2 FY25, down 38% year over year and down 53% from the previous quarter.
Operating costs exceeded revenue by $1.8M, an operating margin of -58.3%. The quarter ended with a net loss of $1.5M, wider than the previous quarter's $708K loss. Non-operating items added $370K, -25% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$562K. Non-cash charges added back $83K of depreciation and amortization and $26K of share-based compensation. Working capital and other items added $781K. Capital expenditures of $1K exceeded it, leaving free cash flow of −$563K.
Questions
What was Forward Industries' revenue in the second quarter fiscal 2025?
Forward Industries (FWDI) reported revenue of $3.1M for the second quarter fiscal 2025 (Q2 FY25), -38% from a year earlier and -53% from the quarter before.
Was Forward Industries profitable in the second quarter fiscal 2025?
Operating loss was $1.8M (-58.3% of revenue) and net loss $1.5M.
Source: Forward Industries 10-Q on SEC EDGAR.