Welcome to our dedicated page for Forward Inds N Y news (Ticker: FORD), a resource for investors and traders seeking the latest updates and insights on Forward Inds N Y stock.
Forward Industries Inc. (FORD) delivers specialized protective solutions for medical devices and consumer electronics through its dual expertise in OEM manufacturing and product design. This news hub provides investors and industry professionals with essential updates on the company's strategic developments.
Track critical announcements including quarterly earnings, new product launches, and partnerships with medical equipment manufacturers. Our curated feed covers material innovations in nylon/leather cases, engineering service expansions, and market-specific developments in MedTech accessories.
As a 60-year industry leader, FORD's updates offer insights into protective case demand drivers across healthcare and portable electronics sectors. Bookmark this page for real-time access to press releases detailing custom OEM solutions and design segment advancements.
Forward Industries (NASDAQ: FORD) announced a 1-for-10 reverse stock split effective June 18, 2024. This move is aimed at complying with Nasdaq's $1.00 minimum bid price requirement. Shareholders approved the split on June 10, 2024, and the company's board selected the 1-for-10 ratio. The stock will begin trading on a split-adjusted basis on June 18, 2024, with a new CUSIP number 349862 409. The reverse split will consolidate every ten shares into one while maintaining the overall shareholder equity percentage except for rounding adjustments. No fractional shares will be issued; they will be rounded up to the nearest whole share. The transfer agent, Equiniti Stock Transfer, will manage the exchange process.
Intelligent Product Solutions (IPS), a Forward Industries company, has launched the Advanced Concept Studio (ACS) division. ACS focuses on industrial design, UX/UI, product strategy, VR/AR visualization, and AI interface development. The award-winning team has developed products for major brands like Zebra Technologies, Med Spas, and aesthetic surgeons. The division emphasizes rapid prototyping, user research, and interdisciplinary collaboration. ACS aims to transform innovative ideas into scalable, well-designed solutions through a commitment to excellence and expansion of capabilities.
Forward Industries, Inc. (NASDAQ:FORD) reported a decrease in revenues to $7.8 million in the second quarter of fiscal year 2024, down by 19.6% from the previous year. Despite an increase in gross margin to 20.5%, the company faced a loss from continuing operations of $0.5 million. The net loss was $0.6 million, with basic and diluted loss per share at $0.05. The cash balance stood at $2.3 million as of March 31, 2024. CEO Terry Wise highlighted the company's focus on profitability and cost management.
Intelligent CloudCare, a subsidiary of Intelligent Product Solutions, has launched CloudCare University, offering online cybersecurity training aimed at small and medium-sized businesses. The training includes a free Cybersecurity Myths course, providing essential knowledge on recognizing and responding to cybersecurity threats. The CyberSecurity 101 course, priced at $97.99, covers topics such as phishing, secure authentication, safe data handling, and incident reporting. The initiative aims to empower employees with necessary skills to mitigate security risks and enhance their organization’s cybersecurity posture.
FAQ
What is the current stock price of Forward Inds N Y (FORD)?
What is the market cap of Forward Inds N Y (FORD)?
