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<p align=center style='text-align:center; margin-left:0in; margin-right:0in'>&nbsp;<b>UNITED STATES<br>
SECURITIES AND EXCHANGE
COMMISSION<br>
Washington, D.C. 20549</b></p>



<p align=center style='text-align:center; margin-left:0in; margin-right:0in'><b>
<font size="4">FORM 8-K </font> </b></p>



<p align=center style='text-align:center; margin-left:0in; margin-right:0in'><b>CURRENT REPORT </b></p>



<p align=center style='text-align:center; margin-left:0in; margin-right:0in'><b>Pursuant to Section 13 OR 15(d) of
<br>
The Securities Exchange Act of 1934 </b></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;&nbsp;</p>

<p align=center style='text-align:center; margin-left:0in; margin-right:0in'>Date of Report (Date of
earliest event reported) <br>
<b>December 7, 2004 </b> </p>



<p align=center style='text-align:center; margin-left:0in; margin-right:0in'><b>
<font size="5">Forward Industries, Inc.<br>
</font><font size="2">(Exact name of registrant
as specified in its charter) </font></b></p>





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  <p align=center style='text-align:center'><b>New York</b></p>
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  <p align=center style='text-align:center'><b>000-6669</b></p>
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  <p align=center style='text-align:center'><b>13-1950672</b></p>
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  <p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>(State or Other
  Jurisdiction</b></p>
  <p align=center style='margin-top:0in;margin-right:0in;margin-bottom:.75pt;
  margin-left:0in;text-align:center'><b>of Incorporation)</b></p>
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  <p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>(Commission</b></p>
  <p align=center style='margin-top:0in;margin-right:0in;margin-bottom:.75pt;
  margin-left:0in;text-align:center'><b>File Number)</b></p>
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  <p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>(IRS Employer</b></p>
  <p align=center style='margin-top:0in;margin-right:0in;margin-bottom:.75pt;
  margin-left:0in;text-align:center'><b>Identification No.)</b></p>
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  &nbsp;</td>
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  &nbsp;</td>
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  <p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>1801 Green Road, Suite E</b></p>
  <p align=center style='margin-top:0in;margin-right:0in;margin-bottom:.75pt;
  margin-left:0in;text-align:center'><b>Pompano Beach, FL </b></p>
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  <p align=center style='text-align:center'><b>33064</b></p>
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  <p align=center style='text-align:center'><b>(Address of principal executive offices)</b></p>
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  <p align=center style='text-align:center'><b>(Zip&nbsp;Code)</b></p>
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<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p>
<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'>Registrant's telephone
number, including area code <br>
<b>(954) 419-9544 </b> </p>





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  <p align=center style='text-align:center'><b>(Former name or former address, if changed since last
  report)</b></p>
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<p style='margin-left:0in; margin-right:0in'>Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation of the
registrant under any of the following provisions: </p>



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  <p>Written communications
  pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </p>
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  <font face="Wingdings">o</font></td>
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  Soliciting material
  pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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  <font face="Wingdings">o</font></td>
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  Pre-commencement
  communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
  240.14d-2(b))
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  <p>Pre-commencement
  communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
  240.13e-4(c))</p>
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<p style='margin:0in;margin-bottom:.0001pt'><b>Item 2.02 Results of Operations and Financial
Condition. </b></p>
<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>



<p style='margin:0in;margin-bottom:.0001pt;text-indent:24.5pt' align="justify">On December 7, 2004 Forward Industries Inc., issued a press release announcing its results of operations
for the year ended September 30, 2004.&nbsp; A copy of the press release is attached
as Exhibit 99.1.&nbsp; Complete financial statements as of, and for the year ended,
September 30, 2004, are set forth in the registrant's Annual Report on Form
10-KSB filed with the Commission on the date hereof.</p>

<p style='margin:0in;margin-bottom:.0001pt;text-indent:24.5pt'>&nbsp;</p>





<p style='margin:0in;margin-bottom:.0001pt'><b>Item 9.01. Financial Statements and Exhibits. </b></p>



<p>(c) Exhibits.</p>



<p style='margin-left:1.0in;text-indent:-1.0in'>Exhibit 99.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Press release issued on December 7, 2004</p>
<p style='margin-left:1.0in;text-indent:-1.0in'>&nbsp;</p>
<p style='margin-left:1.0in;text-indent:-1.0in'>&nbsp;</p>
<p style='margin-left:1.0in;text-indent:-1.0in' align="center">1</p>
<hr color="#000080">
<p style='margin-left:1.0in;text-indent:-1.0in'>&nbsp;</p>







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<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>SIGNATURES </b></p>
<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p>



<p style='margin:0in;margin-bottom:.0001pt;text-indent:24.5pt'>Pursuant to the
requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned hereunto duly
authorized. </p>





<p style='margin-left:1.0in;text-indent:-1.0in'><b>Forward Industries Inc.,</b></p>

<p style='margin-left:1.0in;text-indent:-1.0in'><b>&nbsp;</b></p>





<p style='margin-left:1.0in;text-indent:-1.0in'><b>By</b>:</p>





<p style='margin-left:1.0in;text-indent:-1.0in; margin-top:0; margin-bottom:0.0001pt'>/s/ Douglas W. Sabra</p>

<p style='margin-left:1.0in;text-indent:-1.0in; margin-top:0; margin-bottom:0.0001pt'>_______________________________________</p>



<p style='margin-left:1.0in;text-indent:-1.0in'><b>Name</b>: Douglas
W. Sabra</p>



<p style='margin-left:1.0in;text-indent:-1.0in'><b>Title:</b> Vice
President and Chief Financial Officer</p>



<p style='margin-left:1.0in;text-indent:-1.0in'><b>Dated:</b> December 7, 2004</p>
<p style='margin-left:1.0in;text-indent:-1.0in'>&nbsp;</p>
<p style='margin-left:1.0in;text-indent:-1.0in'>&nbsp;</p>
<p style='margin-left:1.0in;text-indent:-1.0in'>&nbsp;</p>
<p style='margin-left:1.0in;text-indent:-1.0in' align="center">2</p>
<hr color="#000080">
<p style='margin-left:1.0in;text-indent:-1.0in'>&nbsp;</p>



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<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>EXHIBIT INDEX </b></p>

<p style='margin-left:1.0in;text-indent:-1.0in'><b><u>Exhibit No.</u></b><b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Description</u></b></p>

<p style='margin-left:1.0in;text-indent:-1.0in'>Exhibit 99.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Press release issued by the
Registrant on December 7, 2004</p>
<p style='margin-left:1.0in;text-indent:-1.0in'>&nbsp;</p>
<p style='margin-left:1.0in;text-indent:-1.0in'>&nbsp;</p>
<p style='margin-left:1.0in;text-indent:-1.0in'>&nbsp;</p>
<p style='margin-left:1.0in;text-indent:-1.0in'>&nbsp;</p>
<p style='margin-left:1.0in;text-indent:-1.0in'>&nbsp;</p>
<p style='margin-left:1.0in;text-indent:-1.0in'>&nbsp;</p>
<p style='margin-left:1.0in;text-indent:-1.0in' align="center">3</p>



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{"company-data": {"conformed-name": "FORWARD INDUSTRIES INC", "cik": "0000038264", "assigned-sic": "3089", "irs-number": "131950672", "state-of-incorporation": "NY", "fiscal-year-end": "0930"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-06669", "film-number": "041188717"}, "business-address": {"street1": "1801 GREEN ROAD", "street2": "SUITE E", "city": "POMPANO BEACH", "state": "FL", "zip": "33064", "phone": "9544199544"}, "mail-address": {"street1": "1801 GREEN RD", "street2": "SUITE E", "city": "POMPANO BEACH", "state": "FL", "zip": "33064"}, "former-company": {"former-conformed-name": "PROGRESS HEAT SEALING CO INC", "date-changed": "19721111"}}
Forward Industries Form 8-K
UNITED STATES
SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of
earliest event reported)
December 7, 2004
Forward Industries, Inc.
(Exact name of registrant
as specified in its charter)
New York
000-6669
13-1950672
(State or Other
  Jurisdiction
of Incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
1801 Green Road, Suite E
Pompano Beach, FL
33064
(Address of principal executive offices)
(Zip Code)
Registrant's telephone
number, including area code
(954) 419-9544
(Former name or former address, if changed since last
  report)
Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation of the
registrant under any of the following provisions:
o
Written communications
  pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material
  pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement
  communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
  240.14d-2(b))
o
Pre-commencement
  communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
  240.13e-4(c))
Item 2.02 Results of Operations and Financial
Condition.
On December 7, 2004 Forward Industries Inc., issued a press release announcing its results of operations
for the year ended September 30, 2004.  A copy of the press release is attached
as Exhibit 99.1.  Complete financial statements as of, and for the year ended,
September 30, 2004, are set forth in the registrant's Annual Report on Form
10-KSB filed with the Commission on the date hereof.
Item 9.01. Financial Statements and Exhibits.
(c) Exhibits.
Exhibit 99.1            Press release issued on December 7, 2004
1
SIGNATURES
Pursuant to the
requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned hereunto duly
authorized.
Forward Industries Inc.,
By
:
/s/ Douglas W. Sabra
_______________________________________
Name
: Douglas
W. Sabra
Title:
Vice
President and Chief Financial Officer
Dated:
December 7, 2004
2
EXHIBIT INDEX
Exhibit No.
Description
Exhibit 99.1            Press release issued by the
Registrant on December 7, 2004
3