🚨 Forward Industries reported a major fiscal Q2 loss of $283.1M for the period ending March 31, 2026. According to NS3.AI, the decline was mainly linked to a drop in the valuation of its Solana treasury holdings. 📉

Despite the setback, the company still showed strong revenue growth, generating $13M this quarter compared to $3.1M during the same period last year — largely driven by SOL staking rewards. ⚡

As of quarter-end, Forward Industries held over 7 million SOL in reserves along with nearly $16.6M in cash, showing continued exposure to the Solana ecosystem. 🌐