Forward Industries Reports $69M Loss in Q3 but Grows SOL per Share by 9% - Forward Industries (NASDAQ:FWD

Forward Industries (NASDAQ:FWDI) on Wednesday reported a $69 million net loss for fiscal Q3 but grew Solana (CRYPTO: SOL) per share 9% quarter-over-quarter.

What Do Forward Industries' Q3 Numbers Actually Show?

According to a Forward Industries press release, the headline loss was driven almost entirely by accounting rules, not actual selling.

The company recorded $49.8 million in unrealized digital asset losses and $15.2 million in impairments, both non-cash charges required under US GAAP that do not reflect real cash outflows.

However, revenue grew more than 4x year-over-year to $10.8 million, driven by staking income and treasury-related returns.