Forward Industries Q1 EPS $(0.04), Same YoY, Sales $7.15M Down From $9.75M YoY
Portfolio Pulse from Happy Mohamed
Forward Industries reported Q1 earnings with a per-share loss of $(0.04), unchanged from last year, and a 26.67% decrease in sales to $7.15M from $9.75M YoY.
February 14, 2024 | 10:08 pm
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NEGATIVE IMPACT
Forward Industries reported a steady EPS of $(0.04) but a significant sales drop of 26.67% YoY in Q1.
The unchanged EPS indicates stability in losses, however, the significant decrease in sales by 26.67% YoY is likely to concern investors and could negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100