Forward Industries, Inc. reported earnings results for the first quarter ended December 31, 2022. For the first quarter, the company reported sales was USD 10.81 million compared to USD 11.61 million a year ago. Net loss was USD 0.430275 million compared to net income of USD 0.180024 million a year ago.

Basic loss per share from continuing operations was USD 0.04 compared to basic earnings per share from continuing operations of USD 0.02 a year ago. Diluted loss per share from continuing operations was USD 0.04 compared to diluted earnings per share from continuing operations of USD 0.02 a year ago.