Interviews
Forward Industries Gross profit margin remains steady at 21%
08 Sep '08
3 min read
Product and channel development activities to support the license are currently underway, including the recent hire of several sales and marketing personnel, who will be dedicated to maximizing this opportunity.
This is the first step of our broader strategy to increase our sales and diversify our customer base and products in the aftermarket and to reduce our reliance on OEM sales. We believe there are significant strategic opportunities for us in the aftermarket.”
Mr. Sabra concluded, “We are well positioned to execute our plans. At June 30, 2008, we had $20.3 million in cash and cash equivalents, $23.4 million of working capital and no short or long-term debt. I look forward to updating you on our progress.”
This is the first step of our broader strategy to increase our sales and diversify our customer base and products in the aftermarket and to reduce our reliance on OEM sales. We believe there are significant strategic opportunities for us in the aftermarket.”
Mr. Sabra concluded, “We are well positioned to execute our plans. At June 30, 2008, we had $20.3 million in cash and cash equivalents, $23.4 million of working capital and no short or long-term debt. I look forward to updating you on our progress.”
Forward Industries Inc
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