Company DescriptionForward Industries, Inc. (FORD) is a global leader in the design and manufacturing of custom engineered solutions for the medical and consumer markets. The company specializes in providing innovative soft goods and electronic enclosures, primarily focusing on the development of advanced mobility and healthcare products, including protective carrying cases and accessories for medical devices. With a commitment to quality and customer satisfaction, Forward Industries serves a diverse range of clients across various sectors, ensuring tailored solutions that meet specific industry needs.
How the Company Makes MoneyForward Industries generates revenue through multiple streams, primarily focusing on the sale of custom engineered products and solutions. The company's core revenue model is based on contract manufacturing agreements, where it collaborates with clients to design and produce specialized products tailored to their requirements. Key revenue streams include direct product sales, where Forward Industries provides innovative carrying cases and enclosures for medical devices and consumer electronics. Additionally, the company benefits from strategic partnerships with original equipment manufacturers (OEMs) and other industry players, enhancing its market reach and driving sales growth. Forward Industries also explores opportunities in licensing and product development collaborations, further contributing to its earnings.