Forward Industries, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-167.0M | $-2.0M | $-3.7M | $-1.4M | $523.8K | $-1.8M | $-3.6M | $1.4M |
| Depreciation & Amortization | $332.2K | $331.9K | $315.9K | $309.2K | $327.3K | $272.0K | $311.6K | $228.2K |
| Depreciation | $119.0K | $120.0K | $103.0K | $96.0K | $115.0K | $105.0K | $149.0K | $114.0K |
| Amortization | $213.0K | $213.0K | $213.0K | $213.0K | $213.0K | $167.0K | $162.0K | $114.0K |
| Stock-Based Compensation | $2.9M | $101.4K | $86.5K | $201.2K | $68.9K | $245.2K | $215.7K | $289.9K |
| Net Cash from Operating Activities | $-4.5M | $519.8K | $1.0M | $1.5M | $-528.3K | $-262.9K | $-2.0M | $956.5K |
| Investing Activities | ||||||||
| Capital Expenditures | $25.8K | $65.2K | $136.1K | $169.6K | $67.2K | $68.5K | $33.1K | $55.9K |
| Business Acquisitions | — | — | — | — | $0 | $352.6K | $0 | $1.9M |
| Net Cash from Investing Activities | $-901.5M | $-65.2K | $-136.1K | $-169.6K | $-67.2K | $-390.1K | $-33.1K | $-1.4M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $941.4M | $-500.0K | $-300.0K | $-200.0K | $-918.7K | $484.8K | $725.8K | $175.8K |
| Net Change in Cash | — | — | — | — | — | — | — | — |
| Free Cash Flow | $-4.5M | $454.6K | $904.9K | $1.4M | $-595.5K | $-331.4K | $-2.0M | $900.6K |