Forward Industries, Inc. (FWDI)
Forward Industries, Inc. operates through two segments: Digital Assets and Design. The company's primary strategy is focused on its Digital Assets segment, which acquires, holds, and stakes Solana (SOL) and other digital assets, adopting SOL as its main treasury reserve asset. The Design segment provides hardware and software product design and engineering services to customers in the medical and technology sectors.
Sector: Finance Services
Industry: Asset Management - Cryptocurrency
Forward Industries, Inc.
NASDAQ:FWDIConsumer Cyclical · Personal Products & Services
+0.00%$5.70
CLOSED · Nov 6Prev close$5.700.00%Close$5.70-0.18%AH close$5.69
AH$5.69-0.18%vs close
Mkt Cap$434.84M
Float53.63M
O/S76.29M
VOL882K sh
$ Vol$5.03M
RVOL0.61×
Inst Own49.5%
SI7.6%
Dilution
Financials Summary
Revenue$18.19M
Net Income-$166.97M
Total Assets$1.47B
Free Cash Flow-$4.53M
Debt & Equity
Debt 0%
Equity 100%
Total Debt$2.55M
Total Equity$1.47B
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in FWDI's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$1.47B
Liabilities$4.82M
Accounts Receivable$2.7M
Accounts Payable$433K
Inventory$0
PP&E (Net)$2.43M
Goodwill$0
Intangible Assets$1.43B
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 | FY 1997 | FY 1996 | FY 1995 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 | 2020-09-30 | 2019-09-30 | 2018-09-30 | 2017-09-30 | 2016-09-30 | 2015-09-30 | 2014-09-30 | 2013-09-30 | 2012-09-30 | 2011-09-30 | 2010-09-30 | 2009-09-30 | 2008-09-30 | 2007-09-30 | 2006-09-30 | 2005-09-30 | 2004-09-30 | 2003-09-30 | 2002-09-30 | 2001-09-30 | 2000-09-30 | 1999-09-30 | 1998-09-30 | 1997-09-30 | 1996-09-30 | 1995-09-30 |
| Revenue | $18.19M | $30.2M | $36.69M | $38.21M | $39.02M | $34.48M | $37.41M | $34.5M | $24.76M | $27.48M | $30.01M | $33.36M | $30.91M | $29.4M | $22.78M | $19M | $17.44M | $19.97M | $22.15M | $30.61M | $51.87M | $20.07M | $18.9M | $16.36M | $13.18M | $14.41M | $20.6M | $13M | $12.7M | $17.9M | $15.5M |
| YoY Growth | -39.8% | -17.7% | -4.0% | -2.1% | 13.2% | -7.8% | 8.4% | 39.3% | -9.9% | -8.4% | -10.0% | 7.9% | 5.1% | 29.1% | 19.9% | 8.9% | -12.7% | -9.8% | -27.6% | -41.0% | 158.4% | 6.2% | 15.5% | 24.2% | -8.6% | -30.0% | 58.5% | 2.4% | -29.1% | 15.5% | - |
| Cost of Revenue | $13M | $23.99M | $28.32M | $29.41M | $30.89M | $27.84M | $30.83M | $27.93M | $20.57M | $22.4M | $24.22M | $26.81M | $24.53M | $25.43M | $17.71M | $14.76M | $13.86M | $15.95M | $17.35M | $22.77M | $33.28M | $13.29M | $12.78M | $10.73M | $9.04M | $9.78M | $14.2M | $9.1M | $8.1M | $14.6M | $11.9M |
| Gross Profit | $5.19M | $6.21M | $8.36M | $8.8M | $8.13M | $6.64M | $6.58M | $6.57M | $4.19M | $5.08M | $5.79M | $6.55M | $6.38M | $3.97M | $5.06M | $4.23M | $3.58M | $4.03M | $4.8M | $7.83M | $18.59M | $6.78M | $6.12M | $5.63M | $4.13M | $4.63M | $6.4M | $3.9M | $4.6M | $3.3M | $3.6M |
| Gross Margin | 28.5% | 20.6% | 22.8% | 23.0% | 20.8% | 19.3% | 17.6% | 19.0% | 16.9% | 18.5% | 19.3% | 19.6% | 20.6% | 13.5% | 22.2% | 22.3% | 20.5% | 20.2% | 21.7% | 25.6% | 35.8% | 33.8% | 32.4% | 34.4% | 31.4% | 32.1% | 31.1% | 30.0% | 36.2% | 18.4% | 23.2% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $10.63M | $7.94M | $8.2M | $8.21M | $8.9M | $7.61M | $9.68M | $6.31M | $3.59M | $4.46M | $7.31M | $6.65M | $5.67M | $7.24M | $8.08M | $5.8M | $4.93M | $5.69M | $6.62M | $6.11M | $6.25M | $5.12M | $4.98M | $4.93M | $4.51M | $4.09M | $1.8M | $3.7M | $3.4M | $4.9M | $3.5M |
| Other | $924K | $200K | $0 | $0 | -$5K | -$20K | -$50K | -$23K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $11.56M | $8.14M | $8.2M | $8.21M | $8.9M | $7.61M | $9.68M | $6.31M | $3.59M | $4.46M | $7.31M | $6.65M | $5.67M | $7.24M | $8.08M | $5.8M | $4.93M | $5.69M | $6.62M | $6.11M | $6.25M | $5.12M | $4.98M | $4.93M | $4.51M | $4.25M | $1.9M | $3.9M | $3.6M | $5.1M | $3.8M |
| Operating Income (EBIT) | -$6.37M | -$1.93M | $160K | $588K | -$765K | -$967K | -$3.1M | $261K | $598K | $617K | -$1.51M | -$99K | $706K | -$3.26M | -$3.02M | -$1.57M | -$1.35M | -$1.67M | -$1.82M | $1.73M | $12.34M | $1.66M | $1.14M | $704K | -$375K | $383K | $4.5M | $400K | $1M | -$1.8M | -$200K |
| Operating Margin | -35.0% | -6.4% | 0.4% | 1.5% | -2.0% | -2.8% | -8.3% | 0.8% | 2.4% | 2.2% | -5.0% | -0.3% | 2.3% | -11.1% | -13.2% | -8.3% | -7.7% | -8.3% | -8.2% | 5.6% | 23.8% | 8.3% | 6.0% | 4.3% | -2.8% | 2.7% | 21.8% | 3.1% | 7.9% | -10.1% | -1.3% |
| Interest Expense | $49K | $63K | $104K | $123K | $172K | $175K | $201K | $115K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $71K | $79K | $23K | $0 | $89K | $61K | $0 | $0 | $0 | $0 | $3K | $34K | $5K | $62K | $108K | $43K | $284K | $625.96M | $1B | $0 | $130.72M | $18.36M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$162.7M | $8K | $19K | -$136K | $1.29M | $216K | -$511K | $372K | -$19K | -$10K | -$120K | -$375K | -$700K | -$34K | $58K | $10K | $256K | $620K | $1.01M | $768K | $151K | $35K | $114K | -$29K | -$260K | $16K | -$3M | -$700K | -$400K | -$200K | -$300K |
| Income Before Tax (EBT) | -$169.07M | -$1.92M | $179K | $452K | $524K | -$1.77M | -$3.61M | $632K | $579K | $607K | -$1.63M | -$474K | $6K | -$3.3M | -$2.96M | -$1.56M | -$1.09M | -$1.04M | -$803K | $2.49M | $12.49M | $1.7M | $1.25M | $676K | -$635K | $147K | $1.5M | -$800K | $600K | -$2M | -$500K |
| Income Tax Expense | $20K | $23K | $20K | $3K | $0 | $9K | -$4K | -$747K | $0 | $0 | $0 | $0 | $507 | $15K | -$56K | $124K | $300K | -$156K | -$249K | $952K | $3.05M | -$242K | -$194K | -$180K | $1.34M | $55K | $400K | $300K | $200K | -$900K | -$200K |
| Net Income | -$166.97M | -$1.95M | -$3.74M | -$1.38M | $524K | -$1.78M | -$3.6M | $1.38M | $579K | $607K | -$1.43M | -$800K | -$207K | -$9.63M | -$2.9M | -$1.68M | -$1.39M | -$889K | -$553K | $1.54M | $9.43M | $1.94M | $1.45M | $856K | -$1.98M | $92K | $800K | -$1.1M | $200K | -$1.1M | -$900K |
| Net Income Margin | -918.1% | -6.5% | -10.2% | -3.6% | 1.3% | -5.1% | -9.6% | 4.0% | 2.3% | 2.2% | -4.8% | -2.4% | -0.7% | -32.8% | -12.7% | -8.9% | -8.0% | -4.5% | -2.5% | 5.0% | 18.2% | 9.7% | 7.6% | 5.2% | -15.0% | 0.6% | 3.9% | -8.5% | 1.6% | -6.1% | -5.8% |
| Supplementary Data | |||||||||||||||||||||||||||||||
| EPS | -2.46 | -0.18 | -0.37 | -0.14 | 0.05 | -0.19 | -0.38 | 0.15 | 0.07 | 0.07 | -0.17 | -0.10 | -0.03 | -1.19 | -0.36 | -0.21 | -0.18 | -0.11 | -0.07 | 0.20 | 1.37 | 0.32 | 0.25 | 0.15 | -0.33 | -0.05 | 0.14 | -0.23 | 0.04 | -0.48 | -0.56 |
| Diluted EPS | -2.46 | -0.18 | -0.37 | -0.14 | 0.05 | -0.19 | -0.38 | 0.15 | 0.07 | 0.07 | -0.17 | -0.10 | -0.03 | -1.19 | -0.36 | -0.21 | -0.18 | -0.11 | -0.07 | 0.19 | 1.26 | 0.30 | 0.24 | 0.15 | -0.33 | -0.05 | 0.14 | -0.23 | 0.04 | -0.48 | -0.56 |
| Weighted Average OS | 67.91M | 11.01M | 10.06M | 10.06M | 9.95M | 9.58M | 9.53M | 9.26M | 8.73M | 8.52M | 8.34M | 8.19M | 7.74M | 8.08M | 8.08M | 7.98M | 7.93M | 7.89M | 7.84M | 7.86M | 6.87M | 6.14M | 5.82M | 5.83M | 5.91M | 6.09M | 5.71M | 4.78M | 3.81M | 2.29M | 1.61M |
| EBITDA | -$168.69M | -$1.53M | $599K | $885K | $1.02M | -$1.32M | -$3.1M | $785K | $640K | $670K | -$1.46M | -$34K | $781K | -$3.16M | -$2.88M | -$1.51M | -$1.02M | -$980K | -$713K | $1.83M | $12.46M | $1.78M | $1.27M | $832K | -$239K | -$85K | $4.6M | $100K | $1.2M | -$1.7M | $100K |
| EBITDA Margin | -927.5% | -5.1% | 1.6% | 2.3% | 2.6% | -3.8% | -8.3% | 2.3% | 2.6% | 2.4% | -4.9% | -0.1% | 2.5% | -10.7% | -12.7% | -7.9% | -5.8% | -4.9% | -3.2% | 6.0% | 24.0% | 8.9% | 6.7% | 5.1% | -1.8% | -0.6% | 22.3% | 0.8% | 9.4% | -9.5% | 0.6% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 | FY 1997 | FY 1996 | FY 1995 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 | 2020-09-30 | 2019-09-30 | 2018-09-30 | 2017-09-30 | 2016-09-30 | 2015-09-30 | 2014-09-30 | 2013-09-30 | 2012-09-30 | 2011-09-30 | 2010-09-30 | 2009-09-30 | 2008-09-30 | 2007-09-30 | 2006-09-30 | 2005-09-30 | 2004-09-30 | 2003-09-30 | 2002-09-30 | 2001-09-30 | 2000-09-30 | 1999-09-30 | 1998-09-30 | 1997-09-30 | 1996-09-30 | 1995-09-30 |
| Assets | |||||||||||||||||||||||||||||||
| Current Assets | |||||||||||||||||||||||||||||||
| Cash and Cash Equivalents | $38.17M | $3.02M | $3.18M | $2.58M | $1.41M | $2.92M | $3.09M | $4.37M | $4.62M | $4.76M | $4.04M | $6.48M | $6.62M | $4.61M | $14.91M | $18.47M | $20.1M | $19.86M | $20.27M | $18.61M | $15.29M | $4.49M | $2.13M | $1.21M | $1.38M | $841K | $1.2M | $700K | $1.4M | $200K | $500K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.05M | $1.08M | $421K | $0 | $0 | $0 | $0 | $0 | $0 | $75K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $38.17M | $3.02M | $3.18M | $2.58M | $1.41M | $2.92M | $3.09M | $4.37M | $4.62M | $4.76M | $4.04M | $7.53M | $7.7M | $5.03M | $14.91M | $18.47M | $20.1M | $19.86M | $20.27M | $18.61M | $15.37M | $4.49M | $2.13M | $1.21M | $1.38M | $841K | $1.2M | $700K | $1.4M | $200K | $500K |
| Accounts Receivable | $2.7M | $5.61M | $6.97M | $7.54M | $8.76M | $7.6M | $6.7M | $9.02M | $6.22M | $4.86M | $5.45M | $6.12M | $4.38M | $7.53M | $4.89M | $4.62M | $3.26M | $3.66M | $4.14M | $6.07M | $12.71M | $3.61M | $3.46M | $2.68M | $2.56M | $2.53M | $4.7M | $3.3M | $2.9M | $2.9M | $2.6M |
| Inventory | $0 | $490K | $334K | $651K | $2.06M | $1.28M | $1.61M | $1.57M | $2.12M | $2.57M | $2.87M | $2.37M | $2.05M | $3.38M | $1.05M | $1.04M | $666K | $1.36M | $1.07M | $2.45M | $1.11M | $812K | $708K | $719K | $754K | $857K | $1M | $1.1M | $900K | $1.9M | $2.2M |
| Other Current Assets | $356K | $523K | $887K | $3.15M | $561K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $339K | $622K | $1.67M | $0 | $0 | $49K | $280K | $83K | $216K | $164K | $59K | $16K | $0 | $595K | $1.2M | $600K | $1.8M | $700K | $600K |
| Total Current Assets | $41.22M | $9.64M | $11.37M | $14.34M | $12.79M | $12.22M | $11.84M | $15.21M | $13.12M | $12.34M | $12.66M | $16.43M | $14.86M | $16.93M | $21.87M | $24.37M | $24.26M | $25.52M | $26.38M | $27.54M | $29.62M | $9.26M | $6.55M | $4.84M | $4.96M | $4.82M | $8.1M | $5.7M | $7M | $5.7M | $5.9M |
| Long-Term Assets | |||||||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $2.43M | $2.81M | $3.3M | $3.67M | $3.91M | $3.73M | $243K | $359K | $21K | $43K | $79K | $99K | $130K | $139K | $302K | $115K | $162K | $125K | $161K | $190K | $244K | $264K | $258K | $341K | $457K | $572K | $500K | $200K | $600K | $700K | $900K |
| Goodwill | $0 | $1.56M | $1.76M | $1.76M | $1.76M | $1.76M | $2.18M | $2.18M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $1.43B | $680K | $893K | $1.11M | $1.32M | $1.53M | $1.25M | $1.41M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $327K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $360K | $30K | $0 | $470.96M | $617K | $331K | $165K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $806K | $73K | $69K | $69K | $72K | $117K | $255K | $64K | $13K | $13K | $41K | $41K | $40K | $40K | $89K | $46K | $60K | $98K | $58K | $52K | -$470.92M | $45K | $41K | $41K | $302K | $1.55M | $1.2M | $2.2M | $2.4M | $2.4M | $1.6M |
| Total Long-Term Assets | $1.43B | $5.12M | $6.02M | $6.6M | $7.06M | $7.13M | $4.26M | $4.02M | $34K | $56K | $120K | $140K | $170K | $179K | $391K | $161K | $222K | $583K | $248K | $242K | $288K | $926K | $630K | $547K | $759K | $2.12M | $1.7M | $2.4M | $3M | $3.1M | $2.5M |
| Other Assets | $0 | $0 | $0 | $47 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $1.47B | $14.77M | $17.39M | $20.94M | $19.86M | $19.36M | $16.09M | $19.23M | $13.15M | $12.4M | $12.78M | $16.57M | $15.03M | $17.11M | $22.26M | $24.53M | $24.48M | $26.1M | $26.63M | $27.78M | $29.91M | $10.19M | $7.18M | $5.39M | $5.72M | $6.94M | $9.8M | $8.1M | $10M | $8.8M | $8.4M |
| Liabilities | |||||||||||||||||||||||||||||||
| Current Liabilities | |||||||||||||||||||||||||||||||
| Accounts Payable | $433K | $129K | $519K | $268K | $392K | $197K | $315K | $330K | $67K | $62K | $123K | $667K | $3.39M | $5.94M | $2.79M | $2.44M | $1.82M | $2.21M | $1.9M | $2.14M | $5.16M | $1.81M | $1.14M | $1.31M | $1.05M | $785K | $2.3M | $1.2M | $1.9M | $1.6M | $3.1M |
| Short-Term Debt | $0 | $600K | $0 | $0 | $0 | $3.58M | $2.95M | $2.12M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $28K | $1.53M | $374K | $1M | $1.8M | $1.6M | $1.6M | $1.6M |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $44K | $47K | $19K | $0 | $0 | $0 | $0 | $0 | $34.7M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $293K | $399K | $297K | $439K | $188K | $485K | $220K | $125K | $170K | $310K | $713K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $88K | $197K | $201K | $229K | $5.92M | $186K | $1.17M | $311K | $3.82M | $0 | $200K | $274K | $912K | $1.94M | $276K | $439K | $28K | $36K | $76K | $227K | $713K | $224K | $0 | $0 | $0 | $503K | $1.4M | $1.6M | $700K | $600K | $400K |
| Total Current Liabilities | $2.72M | $9.37M | $10.84M | $9.98M | $7.21M | $8.83M | $8.3M | $7.62M | $4.19M | $4.17M | $5.33M | $6.43M | $4.84M | $7.92M | $3.58M | $3.32M | $1.96M | $2.4M | $2.21M | $2.83M | $7.06M | $2.57M | $1.88M | $1.63M | $2.79M | $1.66M | $4.7M | $4.6M | $4.2M | $3.8M | $5.1M |
| Long-Term Liabilities | |||||||||||||||||||||||||||||||
| Long-Term Debt | $0 | $0 | $1.1M | $1.4M | $1.6M | $530K | $0 | $54K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $113K | $0 | $0 | $1.5M | $1.3M | $1.9M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $0 | $0 | $0 | $45K | $45K | $45K | $61K | $386K | $37K | $51K | $115K | $949K | $799K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $100K | $0 | $100K |
| Total Long-Term Liabilities | $2.09M | $2.43M | $3.93M | $4.69M | $5.2M | $3.95M | $87K | $504K | $37K | $51K | $115K | $949K | $799K | $1.99M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $59K | $87K | $113K | $0 | $0 | $1.6M | $1.3M | $2M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$1.99B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $4.82M | $11.8M | $14.77M | $14.67M | $12.41M | $12.77M | $8.38M | $8.13M | $4.22M | $4.22M | $5.45M | $7.38M | $5.64M | $7.92M | $3.58M | $3.32M | $1.96M | $2.4M | $2.21M | $2.83M | $7.06M | $2.57M | $1.88M | $1.68M | $2.87M | $1.78M | $4.7M | $4.6M | $5.8M | $5.1M | $7.1M |
| Stockholders' Equity | |||||||||||||||||||||||||||||||
| Preferred Stock | $0 | $2.2M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $833K | $717K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $861K | $11K | $101K | $101K | $101K | $99K | $95K | $95K | $89K | $88K | $86K | $92K | $88K | $88K | $88K | $88K | $86K | $86K | $85K | $84K | $84K | $68K | $65K | $63K | $63K | $63K | $100K | $0 | $0 | $0 | $0 |
| Retained Earnings | -$186.61M | -$19.64M | -$17.69M | -$13.95M | -$12.57M | -$13.1M | -$11.32M | -$7.72M | -$9.1M | -$9.67M | -$10.28M | -$8.37M | -$7.38M | -$6.62M | $3.01M | $5.91M | $7.59M | $8.99M | $9.88M | $10.43M | $8.89M | -$544K | -$2.48M | -$3.93M | -$4.78M | -$2.23M | -$2M | -$2.9M | -$1.8M | -$1.8M | -$600K |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$22K | -$22K | -$20K | -$20K | -$36K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $9K | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $1.66B | $22.59M | $20.2M | $20.12M | $19.91M | $19.58M | $18.94M | $18.72M | $17.94M | $17.76M | $17.53M | $17.47M | $16.68M | $15.72M | $15.59M | $15.21M | $14.84M | $14.63M | $14.46M | $14.43M | $13.87M | $8.1M | $7.71M | $7.57M | $7.57M | $7.33M | $7M | $6.4M | $6M | $5.5M | $1.9M |
| Total Equity | $1.47B | $2.97M | $2.62M | $6.27M | $7.44M | $6.58M | $7.71M | $11.1M | $8.93M | $8.17M | $7.33M | $9.19M | $9.39M | $9.19M | $18.68M | $21.21M | $22.52M | $23.71M | $24.42M | $24.95M | $22.84M | $7.62M | $5.3M | $3.7M | $2.85M | $5.16M | $5.1M | $3.5M | $4.2M | $3.7M | $1.3M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $1.47B | $14.77M | $17.39M | $20.94M | $19.86M | $19.36M | $16.09M | $19.23M | $13.15M | $12.4M | $12.78M | $16.57M | $15.03M | $17.11M | $22.26M | $24.53M | $24.48M | $26.1M | $26.63M | $27.78M | $29.91M | $10.19M | $7.18M | $5.39M | $5.72M | $6.94M | $9.8M | $8.1M | $10M | $8.8M | $8.4M |
| Supplementary Data | |||||||||||||||||||||||||||||||
| Total Debt | $2.55M | $3.43M | $4.35M | $5.03M | $5.5M | $7.76M | $3.02M | $2.3M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $87K | $1.61M | $487K | $1M | $1.8M | $3.1M | $2.9M | $3.5M |
| Net Debt | -$35.62M | $411K | $1.17M | $2.45M | $4.09M | $4.84M | -$72K | -$2.07M | -$4.62M | -$4.76M | -$4.04M | -$6.48M | -$6.62M | -$4.61M | -$14.91M | -$18.47M | -$20.1M | -$19.86M | -$20.27M | -$18.61M | -$15.29M | -$4.49M | -$2.13M | -$1.12M | $236K | -$354K | -$200K | $1.1M | $1.7M | $2.7M | $3M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 | FY 1997 | FY 1996 | FY 1995 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 | 2020-09-30 | 2019-09-30 | 2018-09-30 | 2017-09-30 | 2016-09-30 | 2015-09-30 | 2014-09-30 | 2013-09-30 | 2012-09-30 | 2011-09-30 | 2010-09-30 | 2009-09-30 | 2008-09-30 | 2007-09-30 | 2006-09-30 | 2005-09-30 | 2004-09-30 | 2003-09-30 | 2002-09-30 | 2001-09-30 | 2000-09-30 | 1999-09-30 | 1998-09-30 | 1997-09-30 | 1996-09-30 | 1995-09-30 |
| Operating Activities | |||||||||||||||||||||||||||||||
| Net Income | -$166.97M | -$1.95M | -$3.74M | -$1.38M | $524K | -$1.78M | -$3.6M | $1.38M | $579K | $607K | -$1.43M | -$800K | -$207K | -$9.63M | -$2.9M | -$1.68M | -$1.39M | -$889K | -$553K | $1.54M | $9.43M | $1.94M | $1.45M | $856K | -$1.98M | $92K | $1.1M | -$1.1M | $200K | -$1.1M | -$900K |
| Depreciation & Amortization | $332K | $333K | $316K | $309K | $327K | $272K | $312K | $228K | $22K | $53K | $53K | $64K | $75K | $104K | $74K | $54K | $76K | $65K | $90K | $103K | $124K | $118K | $133K | $128K | $136K | $155K | $100K | $200K | $200K | $200K | $300K |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $1.26M | $1.74M | -$747K | $0 | $31K | $110K | $663K | $0 | $154K | $2.92M | $2K | $409K | -$99K | -$227K | $133K | $471K | -$392K | -$210K | -$180K | $1.34M | $70K | $300K | $300K | $100K | -$900K | -$200K |
| Stock-Based Compensation | $2.87M | $101K | $86K | $201K | $69K | $245K | $216K | $290K | $155K | $236K | $70K | $233K | $436K | $175K | $377K | $269K | $194K | $135.26M | $165.98M | $0 | $0 | $0 | $0 | $0 | $0 | $370.92M | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||||||||||||||||||||||
| Accounts Receivable | $833K | $1.22M | $495K | $953K | -$1.66M | -$733K | $264K | -$588K | -$1.35M | $590K | $671K | -$1.74M | $2.86M | -$3.69B | $726K | -$1.37M | $377K | $495.6M | $1.93B | $6.63B | -$9.12B | -$678.74M | -$139.53M | -$139.53M | $0 | $2.68B | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | -$156K | $316K | -$1.74M | -$787K | $333K | -$40K | $552K | $452K | $293K | -$492K | -$324K | $1.68M | -$3.5M | -$20K | -$400K | $737K | -$823K | $764K | -$1.6M | -$409K | -$243K | $11K | $35K | $103K | $135K | $100K | -$100K | $300K | $300K | -$500K |
| Accounts Payable | $229K | -$392K | $783K | $1.86M | $0 | $246K | -$975K | $575K | $243.78M | -$709.01M | -$1.6B | $2.32M | -$2.42M | $3.04B | $508.29M | $615K | -$383K | $301.68M | -$236.25M | -$3.02B | $3.35B | $672.58M | $254.77M | $254.77M | $0 | -$1.52B | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | $802K | -$530K | $2.77M | $1.07M | $1.87M | $220K | -$192K | -$374K | -$243.76M | $707.99M | $1.6B | -$136K | -$899K | $655M | -$508.37M | $786K | $340K | -$796.35M | -$1.7B | -$3.61B | $5.78B | $6.69M | -$115.72M | -$115M | -$465K | -$1.16B | -$700K | $300K | $100K | -$1.9M | $1.4M |
| Total Working Capital Change | $1.86M | $146K | $4.37M | $2.14M | -$578K | $66K | -$944K | $165K | -$882K | -$141K | -$806K | $117K | $1.23M | -$2.4M | $628K | -$369K | $1.07M | $112K | $1.77M | $1.16M | -$2.98M | $297K | -$460K | $282K | -$362K | $382K | -$600K | $200K | $400K | -$1.6M | $900K |
| Other Non-Cash Items | $157.4M | $1.89M | $9K | $265K | -$870K | -$334K | $312K | -$359K | -$12K | -$17K | -$15K | -$43K | $717K | $818K | -$2.89M | $39K | -$5K | -$134.87M | -$165.2M | $271K | $62K | $140K | $7K | $21K | $233K | -$370.9M | $200K | -$100K | -$200K | $0 | $300K |
| Net Cash from Operating | -$4.5M | $520K | $1.04M | $1.53M | -$528K | -$263K | -$1.97M | $956K | -$138K | $768K | -$2.02M | $234K | $2.25M | -$10.79M | -$1.79M | -$1.69M | $352K | -$415K | $1.86M | $3.2M | $7.11M | $2.1M | $916K | $1.11M | -$628K | $716K | $700K | -$1M | $300K | -$3.4M | -$500K |
| Investing Activities | |||||||||||||||||||||||||||||||
| Capital Expenditures | -$26K | -$65K | -$136K | -$170K | -$67K | -$68K | -$33K | -$56K | $0 | -$48K | -$33K | -$33K | -$74K | -$72K | -$277K | -$9K | -$125K | -$29K | -$61K | -$49K | -$109K | -$124K | -$61K | -$12K | -$82K | -$263K | -$400K | -$200K | -$100K | -$100K | -$200K |
| Acquisitions | -$650K | $0 | $0 | $0 | $0 | -$322K | $0 | -$1.33M | $0 | $0 | $0 | $0 | $0 | -$1B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$11K | -$5.78M | -$88.63M | -$444K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $952K | $5.57M | $87.28M | $1M | $0 | $0 | $0 | $0 | $0 | $75K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | -$900.79M | $0 | $0 | $0 | $0 | -$321.6M | $0 | -$1.33B | $0 | $0 | $941K | -$217K | -$1.36M | $1B | -$1.49M | $0 | $0 | $0 | $0 | $0 | $1K | $0 | $4K | $262K | $455K | -$123K | $400K | $1.7M | $100K | $400K | $400K |
| Net Cash from Investing | -$901.47M | -$65K | -$136K | -$170K | -$67K | -$390K | -$33K | -$1.39M | $0 | -$48K | $908K | -$251K | -$1.43M | $483K | -$1.77M | -$9K | -$125K | -$29K | -$61K | $26K | -$108K | -$124K | -$57K | $250K | $373K | -$386K | -$100K | $1.5M | $0 | $300K | $200K |
| Financing Activities | |||||||||||||||||||||||||||||||
| Debt Repaid | - | $500K | $300K | $200K | $186K | -$1.25M | $224K | $324K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $87K | $1.53M | -$1.13M | $648K | $200K | $1.4M | -$200K | - | -$700K |
| Common Stock Issuance | $903.37M | $0 | $0 | $0 | $0 | $369.9M | $0 | $0 | $0 | $0 | $0 | $0 | $1.21B | $0 | $0 | $67K | $0 | $39K | $93K | $88K | $3.54M | $464K | $238K | $0 | $0 | $0 | $100K | $400K | $500K | $3.1M | $800K |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$2K | -$12K | -$47K | $0 | $0 | $0 | $0 | $0 | $0 | -$232K | $0 | $0 | -$80K | -$92K | $0 | -$326K | -$55K | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$21K | -$76K | -$15K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $36.22M | $0 | $0 | $0 | $268K | -$468K | $950K | $500K | $0 | $0 | -$1.29M | $0 | $0 | $0 | $0 | $0 | $14K | $0 | $0 | $0 | $256K | $0 | $0 | $0 | $0 | -$9K | -$100K | -$200K | $100K | -$300K | -$700K |
| Net Cash from Financing | $941.36M | -$500K | -$300K | -$200K | -$919K | $485K | $726K | $176K | $0 | -$2K | -$1.32M | -$124K | $1.19M | $0 | $0 | $67K | $14K | $39K | -$139K | $88K | $3.8M | $384K | $60K | -$1.53M | $799K | -$710K | -$200K | -$1.2M | $800K | $2.8M | $800K |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$9K | $9K | $100K | -$500K | $0 | $3.1M | $300K |
| Net Change in Cash | $35.39M | -$45K | $605K | $1.17M | -$1.51M | -$168K | -$1.28M | -$253K | -$138K | $718K | -$2.44M | -$140K | $2.01M | -$10.3M | -$3.56M | -$1.63M | $241K | -$405K | $1.66M | $3.32M | $10.8M | $2.36M | $918K | -$169K | $536K | -$370K | $500K | -$1.2M | $1.1M | $2.8M | $800K |
| Supplementary Data | |||||||||||||||||||||||||||||||
| Operating Cash Flow | -$4.5M | $520K | $1.04M | $1.53M | -$528K | -$263K | -$1.97M | $956K | -$138K | $768K | -$2.02M | $234K | $2.25M | -$10.79M | -$1.79M | -$1.69M | $352K | -$415K | $1.86M | $3.2M | $7.11M | $2.1M | $916K | $1.11M | -$628K | $716K | $700K | -$1M | $300K | -$3.4M | -$500K |
| Capital Expenditure | -$26K | -$65K | -$136K | -$170K | -$67K | -$68K | -$33K | -$56K | $0 | -$48K | -$33K | -$33K | -$74K | -$72K | -$277K | -$9K | -$125K | -$29K | -$61K | -$49K | -$109K | -$124K | -$61K | -$12K | -$82K | -$263K | -$400K | -$200K | -$100K | -$100K | -$200K |
| Free Cash Flow | -$4.53M | $455K | $905K | $1.37M | -$596K | -$331K | -$2M | $901K | -$138K | $720K | -$2.06M | $201K | $2.18M | -$10.86M | -$2.07M | -$1.7M | $227K | -$444K | $1.8M | $3.15M | $7M | $1.98M | $855K | $1.09M | -$710K | $453K | $300K | -$1.2M | $200K | -$3.5M | -$700K |
| Cash at Beginning | $2.78M | $2.82M | $2.58M | $1.41M | $2.92M | $3.09M | $4.37M | $4.62M | $4.76M | $4.04M | $6.48M | $6.62M | $4.61M | $14.91M | $18.47M | $20.1M | $19.86M | $20.27M | $18.61M | $15.29M | $4.49M | $2.13M | $1.21M | $1.38M | $841K | $1.21M | $700K | $1.4M | $200K | $500K | $0 |
| Cash at End | $38.17M | $2.78M | $3.18M | $2.58M | $1.41M | $2.92M | $3.09M | $4.37M | $4.62M | $4.76M | $4.04M | $6.48M | $6.62M | $4.61M | $14.91M | $18.47M | $20.1M | $19.86M | $20.27M | $18.61M | $15.29M | $4.49M | $2.13M | $1.21M | $1.38M | $841K | $1.2M | $200K | $1.3M | $3.3M | $800K |