Forward Industries Inc - Company Profile
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Forward Industries Inc (Forward Industries) is a designer, marketer, and distributor of protective solutions for handheld electronic devices and non-electronic products. The company’s product portfolio comprises diabetic products, blood glucose testing and monitoring kits, bar code scanners, GPS location devices, tablets, and firearms. Forward Industries provides services in electrical engineering, mechanical engineering, software engineering, industrial design, user experience/user interface design and development, optical engineering, program management, IOT system architecture, and marketing. The company sells products worldwide through retail distribution channels, original equipment manufacturers, and contract manufacturers. Forward Industries is headquartered in Hauppauge, New York, the US.
Headquarters
United States of America
Address
Suite 100, 700 Veterans Memorial Highway, Hauppauge, New York, 11788
Website
www.forwardindustries.com
Telephone
1 631 5473055
No of Employees
60
Industry
Consumer Packaged Goods
Ticker Symbol & Exchange
FWDI (NASD)
Revenue (2024)
$18.2M
-9%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
-8460.2%
(2024 vs 2023)
Market Cap*
$300.2M
Net Profit Margin (2024)
XYZ
-9,306.5%
(2024 vs 2023)
* As of and is in US$
Forward Industries Inc premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Carrying Cases for Blood Glucose Diagnostic Kits | Electrical Engineering |
| Electronic Monitoring Kits | Mechanical Engineering |
| Carrying and Protective Solutions | Software Engineering |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | Plans/Strategy | In June, the company entered into a letter of intent to acquire SkyAI, Inc. |
| 2026 | Others | In June, the company's acquisition proposal was terminated by Brera Holdings PLC. |
| 2022 | New Products/Services | In March, the company launched new risk management consulting practice focused on product design issues. |
Competitor Comparison
| Key Parameters | Forward Industries Inc | LG Electronics Inc | Action Bag Manufacturing | Pelican Products Inc | QUALITY FOAM PACKAGING, INC. |
|---|---|---|---|---|---|
| Headquarters | United States of America | South Korea | United States of America | United States of America | |
| City | Hauppauge | Seoul | Cooper City | Torrance | - |
| State/Province | New York | - | Florida | California | - |
| No. of Employees | 60 | 37,835 | - | - | - |
| Entity Type | Public | Public | Private | Private | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Michael Pruitt | Director; Interim Chief Executive Officer | Executive Board | 2025 | 65 |
| Mark Brazier | Chief Financial Officer | Senior Management | 2026 | - |
| Ryan Navi | Chief Investment Officer | Senior Management | 2025 | - |
| Kyle Samani | Chairman | Executive Board | - | - |
| Robert Wild | Chief Executive Officer - IPS | Senior Management | 2025 | 54 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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