Forward Reports Fiscal 2024 First Quarter Results
Posted on Wednesday February 14, 2024
HAUPPAUGE, N.Y., Feb. 14, 2024 (GLOBE NEWSWIRE) -- Forward Industries, Inc. (NASDAQ:FORD), a global design, sourcing and distribution group, today announced financial results for its first quarter ended December 31, 2023. First Quarter Fiscal Year 2024 Financial Highlights Revenues were $7.2 million, a decrease of 26.7% from $9.8 million for 2023. Gross margin increased to 23.0% compared to 20.2% for 2023.Loss from continuing operations was $0.4 million compared to $0.1 million in 2023 and net l
Jim Simons Adjusts Position in Forward Industries Inc
Posted on Tuesday February 13, 2024
On December 29, 2023, Renaissance Technologies, led by Jim Simons (Trades, Portfolio), made a notable adjustment to its investment portfolio by reducing its stake in Forward Industries Inc (NASDAQ:FORD). Despite this change, the transaction had no significant impact on the overall position of the firm's portfolio, as the trade impact is reported to be 0.
Intelligent Product Solutions Names Jan Niewiadomski to CTO
Posted on Tuesday January 30, 2024
Product design firm expands management team with promotion of James Wightman to VP of Engineering and Ralph Cassara to Fellow and Digital Health LeaderHAUPPAUGE, N.Y., Jan. 30, 2024 (GLOBE NEWSWIRE) -- Intelligent Product Solutions (IPS), an award-winning global product design firm, today announced that Jan Niewiadomski was named Chief Technology Officer. Expanding its management team, IPS also announced that James Wightman was promoted to Vice President of Engineering and Ralph Cassara to Fello
How the EV market will be shaped in US, China in 2024
Posted on Thursday December 28, 2023
US consumer demand for electric vehicles has started to wane as economic headwinds and inflation pick up, reducing affordability options. As inflation seems to cool and new competitors join the EV space, is there a possibility things could pick up in 2024? Bill Newman, Industry Executive Advisor at SAP North America, joins Yahoo Finance Live with Autos Reporter Pras Subramanian to discuss the state of the EV market, domestically and in China heading into 2024. Newman gives context to China's ability to expand with its existing electrical grid system and also explains competition entering the US. "I think that you're also seeing some not just in China, but you're seeing some of the Asia Pacific companies — VinFast (VFS) is one — take advantage of some of the IRA funding and some of the Infrastructure Bill opportunities available to help offset some of their expansion in the world's largest market right here in the US and North America," Newman says. "Two very different markets, two very different energy frameworks, and two very different industrial policies." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
