Holding 7.8 Million SOL, Forward Industries Reports $69 Million Net Loss in Q3

Odaily News: Nasdaq-listed Forward Industries has released its Q3 fiscal 2026 financial report, reporting a net loss of $69 million, primarily due to an impairment loss arising from the fair value adjustment of its Solana assets under US GAAP. The company held approximately 7.55 million SOL at the end of the quarter, with per-share SOL holdings increasing 9% quarter-over-quarter to 0.0730 tokens; during the quarter, it added over 500,000 SOL through purchases and staking, and repurchased 2.5 million shares. Quarterly revenue surged more than 4-fold year-over-year to $10.8 million, mainly driven by income from SOL staking and other treasury operations. As of August 3, the company held approximately 7.8 million SOL, with per-share SOL holdings rising to 0.0754 tokens. Following the earnings release, FWDI shares fell 1.36% in after-hours trading.