Forward Industries, Inc. (FWDI)
| Market Cap | 295.73M |
| Revenue (ttm) | 44.84M |
| Net Income (ttm) | -1.03B |
| Shares Out | 74.68M |
| EPS (ttm) | -18.88 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 10,226,935 |
| Open | 3.500 |
| Previous Close | 3.540 |
| Day's Range | 3.480 - 4.114 |
| 52-Week Range | 3.480 - 46.000 |
| Beta | 0.79 |
| Analysts | Strong Buy |
| Price Target | 8.25 (+108.33%) |
| Earnings Date | Aug 13, 2026 |
About FWDI
Forward Industries, Inc. operates as a Solana (SOL) focused digital asset treasury company. The company operates through Digital Assets and Design segments. The Digital Assets segment captures SOL-based yield generated by participating in the Solana network’s staking protocol. The Design segment offers hardware and software product design and engineering services to customers located in the United States. The company was incorporated in 1961 and is based in Austin, Texas. [Read more]
Financial Performance
In fiscal year 2025, Forward Industries's revenue was $18.19 million, a decrease of -9.02% compared to the previous year's $19.99 million. Losses were -$167.00 million, 8461.7% more than in 2024.
Financial StatementsAnalyst Forecast
According to 2 analysts, the average rating for FWDI stock is "Strong Buy." The 12-month stock price target is $8.25, which is an increase of 108.33% from the latest price.
News
OPENING POSITION DISCLOSURE UNDER RULE 8.1(a) AND (b) OF THE IRISH TAKEOVER PANEL ACT, 1997, TAKEOVER RULES, 2022 BY AN OFFEROR OR AN OFFEREE
FORM 8.1(a) & (b) (Opening Position Disclosure) IRISH TAKEOVER PANEL AUSTIN, TX, June 24, 2026 (GLOBE NEWSWIRE) -- Forward Industries, Inc. (NASDAQ: FWDI) 1. KEY INFORMATION (a) Full name of disc...
Solana Company board rejects Forward Industries acquisition proposal
Solana Company (HSDT) confirmed that its board of directors has unanimously rejected the unsolicited, non-binding proposal it received on June 4 from Forward Industries (FWDI) to acquire the company i...
UPDATED: Forward Industries Announces Letter of Intent to Acquire Solana Company (HSDT)
AUSTIN, TX, June 15, 2026 (GLOBE NEWSWIRE) -- Forward Industries, Inc. (NASDAQ: FWDI) today confirms that it made a non-binding proposal to the Board of Directors of Solana Company regarding an all-st...
UPDATED: Forward Industries Announces Letter of Intent to Acquire SkyAI, Inc. (SKYA)
AUSTIN, TX, June 15, 2026 (GLOBE NEWSWIRE) -- Forward Industries, Inc. (NASDAQ: FWDI) today confirms that it made a non-binding proposal to the Board of Directors of SkyAI, Inc. regarding an all-stock...
Forward Industries announces Solana Company board rejects acquisition proposal
Forward Industries (FWDI) confirmed that it made a non-binding proposal to the board of directors of Solana Company (HSDT) regarding an all-stock business combination. On June 12, Solana responded tha...
Forward Industries confirms non-binding proposal to acquire SkyAI
Forward Industries (FWDI) confirmed that it made a non-binding proposal to the board of directors of SkyAI (SKYA) regarding an all-stock business combination under which SkyAI stockholders would recei...
Forward Industries Announces Letter of Intent to Acquire Solana Company (HSDT)
AUSTIN, TX, June 15, 2026 (GLOBE NEWSWIRE) -- Forward Industries, Inc. (NASDAQ: FWDI) today confirms that it made a non-binding proposal to the Board of Directors of Solana Company regarding an all-st...
Forward Industries Announces Letter of Intent to Acquire SkyAI, Inc. (SKYA)
AUSTIN, TX, June 15, 2026 (GLOBE NEWSWIRE) -- Forward Industries, Inc. (NASDAQ: FWDI) today confirms that it made a non-binding proposal to the Board of Directors of SkyAI, Inc. regarding an all-stock...
Forward Industries announces proposal to acquire Brera Holdings
Forward Industries (FWDI) announced that it made an indicative, non-binding proposal to Brera Holdings (SLMT) on June 1 to acquire the entire issued and to be issued share capital of…
Announcing Forward's Letter of Intent to Brera Holdings PLC (SLMT)
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Forward Industries set to join Russell 2000, 3000 Indexes
Forward Industries (FWDI) announced that it is set to join the small-cap Russell 2000 Index and broad-market Russell 3000 Index after the Russell indexes’ semi-annual reconstitution, effective after t...
Forward Industries Set to Join the Russell 2000® and 3000® Indexes
AUSTIN, TX, May 26, 2026 (GLOBE NEWSWIRE) -- Forward Industries, Inc. (NASDAQ: FWDI) (the "Company" or “Forward”), the leading Solana treasury company, today announced that it is set to join the small...
Forward Industries price target raised to $8 from $7 at B. Riley
B. Riley raised the firm’s price target on Forward Industries (FWDI) to $8 from $7 and keeps a Buy rating on the shares. Forward Industries reported stronger-than-expected revenue with stable…
Forward Industries Earnings Call Transcript: Q2 2026
Revenue surged over 4x year-over-year to $13M, with gross margin at 70% and SOL per share growth exceeding 44% annualized, driven by strategic share repurchases and Solana ecosystem engagement. Net loss was $283.1M due to SOL price declines.
Forward Industries Quarterly report: Q2 2026
Forward Industries has published its Q2 2026 quarterly earnings report on May 14, 2026.
Forward Industries Earnings release: Q2 2026
Forward Industries released its Q2 2026 earnings on May 14, 2026, summarizing the period's financial results.
Forward Industries Slides: Q2 2026
Forward Industries has posted slides in relation to its Q2 2026 quarterly earnings report, which was published on May 14, 2026.
Forward Industries Reports Fiscal Second Quarter 2026 Financial and Operating Results
Management to Host Conference Call Today at 5:00 p.m. Eastern Time AUSTIN, TX, May 14, 2026 (GLOBE NEWSWIRE) -- Forward Industries, Inc. (NASDAQ: FWDI) (the “Company” or “Forward”), the leading Solana...
Forward Industries and RockawayX Co-Lead Strategic Investment in OnRe to Accelerate Onchain Reinsurance on Solana
Investment Advances Forward's Strategy to Build Shareholder Value Through Active Participation in Tokenized Real-World Assets and Solana's Growing RWA Ecosystem
Forward Industries Schedules Fiscal Second Quarter 2026 Conference Call for May 14, 2026 at 5:00 p.m. ET
AUSTIN, TX, May 04, 2026 (GLOBE NEWSWIRE) -- Forward Industries, Inc. (NASDAQ: FWDI) (the "Company" or “Forward”), the leading Solana treasury company, today announced that it will host a conference c...
Forward Industries initiated with a Buy at B. Riley
B. Riley analyst Fedor Shabalin initiated coverage of Forward Industries (FWDI) with a Buy rating and $7 price target The firm believes the Solana (SOL-USD)-focused digital asset treasury company poss...
Forward Industries CFO Kathleen Weisberg to step down, Mark Brazier to succeed
Forward Industries (FWDI) announced the appointment of Mark Brazier as CFO, effective April 13. Brazier will succeed Kathleen Weisberg, who has been with Forward since 2020 and will continue to…
Forward Industries Appoints Mark Brazier as Chief Financial Officer
Veteran Digital Asset and Traditional Finance Executive to Oversee Financial Operations and Capital Markets Execution AUSTIN, TX, April 14, 2026 (GLOBE NEWSWIRE) -- Forward Industries, Inc. (NASDAQ: F...
Forward Industries announces 6.16M share repurchase for $27.4M
Forward Industries (FWDI) entered into an agreement to repurchase 6,164,324 shares of its common stock from an institutional investor in a privately negotiated transaction. The total purchase cost is ...
Forward Industries Announces Strategic Share Repurchase
Transaction Expected to Increase SOL-per-Share and Return Over 6 Million Shares of Common Stock to its Treasury Using Low-Cost Financing from Galaxy Digital LLC