Forward Industries Inc./$FORD
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About Forward Industries Inc.
Forward Industries Inc is a provider of carrying and protective solutions. The company designs and distributes product protection for handheld electronic devices. Forward Industries sells soft-sided carrying cases for blood glucose diagnostic kits and portable consumer electronic devices such as tablets, personal computers, barcode Scanners, GPS devices, and others. The company operates in two segments, the OEM distribution segment sources and distributes carrying cases and other accessories for medical monitoring and diagnostic kits and a variety of other portable electronic and non-electronic devices directly to OEMs; The design segment, provides a full spectrum of hardware and software product design and engineering services. The majority of revenue is generated from the Design segment.
Ticker
$FORD
Sector
Digital Hardware
Primary listing
Employees
100
Headquarters
Website
FORD Metrics
BasicAdvanced
$1.7B
-
-$3.33
0.60
-
Price and volume
Market cap
$1.7B
Beta
0.6
52-week high
$46.00
52-week low
$3.32
Average daily volume
580K
Financial strength
Current ratio
1.514
Quick ratio
1.351
Long term debt to equity
65.231
Total debt to equity
97.306
Interest coverage (TTM)
-111.00%
Profitability
EBITDA (TTM)
-5.009
Gross margin (TTM)
9.78%
Net profit margin (TTM)
-14.50%
Operating margin (TTM)
-21.21%
Effective tax rate (TTM)
-0.41%
Revenue per employee (TTM)
$250,000
Management effectiveness
Return on assets (TTM)
-28.39%
Return on equity (TTM)
-237.26%
Valuation
Price to revenue (TTM)
0.894
Price to book
-14.49
Price to tangible book (TTM)
-6.68
Price to free cash flow (TTM)
-11.94
Free cash flow yield (TTM)
-8.37%
Free cash flow per share (TTM)
-1.708
Growth
Revenue change (TTM)
6.11%
Earnings per share change (TTM)
14.30%
3-year revenue growth (CAGR)
-16.63%
10-year revenue growth (CAGR)
-2.24%
3-year earnings per share growth (CAGR)
67.91%
10-year earnings per share growth (CAGR)
-1.12%
Bulls say / Bears say
Forward Industries closed a $1.65 billion PIPE financing led by Galaxy Digital, Jump Crypto, and Multicoin Capital on September 11, 2025, providing substantial capital to advance its Solana treasury strategy and strengthen its liquidity (SEC filing).
On September 17, 2025, the company filed an automatic shelf registration with the SEC for an up to $4 billion at-the-market equity offering program, giving it a flexible mechanism to raise funds for general corporate purposes including Solana token acquisitions (Business Wire).
The company’s trailing twelve months revenue grew 6.11% year-over-year to $25.19 million as of June 30, 2025, demonstrating resilience amid segment challenges (StockAnalysis).
Forward Industries reported a net loss of $3.01 million for the nine months ended June 30, 2025, up from a $1.95 million loss in fiscal 2024, highlighting ongoing profitability pressures (SEC filing).
In its June 30, 2025 10-Q, management disclosed “substantial doubt” about the company’s ability to continue as a going concern within twelve months due to expected cash flow shortfalls and contract slowdowns (SEC filing).
The March 2025 discontinuation and planned sale of the OEM segment removed a legacy revenue stream that previously diversified the company's operations, increasing reliance on the Design segment (TipRanks).
Data summarised monthly by Lightyear AI. Last updated on 21 Sept 2025.
FORD News
AllArticlesVideos

I'm a long-term believer in Solana, says Forward Industries' Kyle Samani
CNBC Television2 weeks ago

Forward Industries Announces Intent to Launch Tokenized Shares on Solana via Superstate's Opening Bell
Business Wire3 weeks ago

Forward Industries Announces $4 Billion At-The-Market Equity Offering Program
Business Wire4 weeks ago
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Capital at risk
Upcoming events
No upcoming events
FAQs
What’s the current market cap for Forward Industries Inc. stock?
Forward Industries Inc. (FORD) has a market cap of $1.7B as of October 12, 2025.
What is the P/E ratio for Forward Industries Inc. stock?
The price to earnings (P/E) ratio for Forward Industries Inc. (FORD) stock is 0 as of October 12, 2025.
Does Forward Industries Inc. stock pay dividends?
No, Forward Industries Inc. (FORD) stock does not pay dividends to its shareholders as of October 12, 2025.
When is the next Forward Industries Inc. dividend payment date?
Forward Industries Inc. (FORD) stock does not pay dividends to its shareholders.
What is the beta indicator for Forward Industries Inc.?
Forward Industries Inc. (FORD) has a beta rating of 0.6. This means that it is less volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 0.5 would mean it moves half as much as the market.