FORD
Forward Industries, Inc.9.12
+0.19+2.13%
Nov 14, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
788.51MP/E (TTM)
-Basic EPS (TTM)
-5.11Dividend Yield
0%Recent Filings
8-K
8-K
Director options granted
Forward Industries granted 100,000 five-year stock options each to directors Sangita Shah, Keith Johnson, and Michael Pruitt on March 10, 2026, for board service, plus 50,000 more to Shah and Johnson for audit and compensation committees—at $5.02 strike. Options vest quarterly over a year. Board extended interim CEO Pruitt's term to June 30, 2026, with auto-renewals. Directors aligned longer-term.
8-K
Reincorporates to Texas
Forward Industries completed its reincorporation from New York to Texas on March 5, 2026, after shareholder approval at the March 3 annual meeting—shifting governance to Texas laws and bylaws. No changes to business, assets, or trading under FWDI. Shareholders also boosted the 2021 Equity Incentive Plan share pool to 8,724,667; execs like CIO Ryan Navi grabbed hefty options and RSUs. Rights shifted subtly.
10-Q
Q1 FY2026 results
Forward Industries exploded revenues to $21.4M in Q1 FY2026 ended December 31, 2025, up 364% y/y from $4.6M, powered by $17.4M in new digital asset staking from its Solana treasury strategy while design revenue dipped 12% y/y to $4.1M. Gross margin leaped to 78.6% from 24.5%, yet a $560.2M loss on digital assets and $33.0M impairment—tied to SOL's fair value drop—drove operating loss to $583.6M from $0.9M, with net loss at $585.7M or $(5.91) diluted EPS on 99.1M shares. Cash fell q/q to $25.4M amid $7.9M operating burn, but $52.9M working capital holds; no debt beyond $3.5M digital asset loans payable, offset by $31.3M receivable. Repurchased 1.5M shares for $10.9M. SOL price volatility threatens holdings.
8-K
FY25 results: SOL treasury impact
Forward Industries reported fiscal 2025 results on December 11, 2025, with net revenue down to $18.2 million from $20.0 million, yet Q4 staking revenue hit $4.6 million from its new Solana treasury. A $160.0 million non-cash unrealized loss on SOL holdings drove the net loss to $167.0 million versus $2.0 million prior year. Volatility rules SOL performance.
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