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Forward Industries FWDI · USD

Consumer Discretionary · US listing · 🇺🇸 United States

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5.53

-2.98%

Close of 9 Nov 2026, in USD

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About Forward Industries

From its filings with the US Securities and Exchange Commission

SEC filings

Forward Industries is based in Austin, Texas and is incorporated in Texas. Its shares trade on Nasdaq under the ticker FWDI. The SEC classifies its business as finance services. In the fiscal year to 30 September 2025, it reported revenue of $18.2m and a net loss of $167.0m. At that date it held total assets of $1.47bn and shareholders' equity of $1.47bn.

Read the filing on SEC.gov ↗

Company facts

Sector
Consumer Discretionary
Industry
Textiles, Apparel & Luxury Goods
Listed since
14 Nov 1994
Employees
60
Head office
111 CONGRESS AVENUE, AUSTIN, TX, 78701
Incorporated in
TX
Classification
Finance Services
Filer status
Non-accelerated filer<br>Smaller reporting company

Leadership

Pay as last reported

  • Mr. Pyahm SamaniChairman of the Board, since 2025
  • Mr. Michael PruittInterim Chief Executive Officer, Director, since 2025
  • Ms. Kathleen WeisbergChief Financial Officer$257,995
  • Mr. Fred SklenarChief Executive Officer and President of Kablooe Inc
  • Mr. Robert WildChief Executive Officer of Intelligent Product Solutions Inc, since 2025$315,205
  • Mr. Ryan NaviChief Investment Officer
  • Ms. Georgia QuinnGeneral Counsel
  • Mr. Keith JohnsonIndependent Director

Environmental, social and governance

Scores out of 100, from our data supplier

ESG
Overall
0
Environment
0
Social
0
Governance
0

SWOT analysis

AI-generated by our data supplier. Not written or checked by our editors.

AI-generated

Strengths

  • Forward Industries provides OEM products like medical monitoring cases and portable electronics in the Consumer Discretionary sector.
  • Intelligent Product Solutions offers hardware and software design services across multiple engineering disciplines.
  • The company employs 73 full-time staff with expertise in IoT system architecture and industrial design.

Weaknesses

  • Forward Industries has only 60 employees, which is below industry standards for engineering firms.
  • The company's distribution segment lacks detailed market share data in the Textiles, Apparel & Luxury Goods industry.
  • Forward Industries' product range includes firearms, which may face regulatory challenges.

Opportunities

  • The growing IoT market presents opportunities for Forward Industries' system architecture services.
  • Expanding into medical design services could leverage the company's existing healthcare product experience.
  • The demand for portable electronics like smartphones and GPS devices continues to rise globally.

Threats

  • Regulatory scrutiny on firearms sales could impact Forward Industries' product portfolio.
  • Competition in the Consumer Discretionary sector is intense with many established players.
  • Economic downturns may reduce spending on discretionary items like luxury goods and recreational products.

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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