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

FORD Metrics

BasicAdvanced
$1.7B
-
-$3.33
0.60
-

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.
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.

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