FWDI — Forward Industries, Inc.
NASDAQ · Consumer Cyclical · Footwear & Accessories
$6.00
-$0.21 (-3.38%)
Forward Industries, Inc. (FWDI) is a footwear & accessories company listed on NASDAQ. It is led by Michael D. Pruitt, based in 111 Congress Avenue, Austin, TX, United States, 78701, with about 60 employees. Forward Industries, Inc. operates as a Solana (SOL) focused digital asset treasury company. The company operates through Digital Assets and Design segments. The Digital Assets segment captures SOL-based yield generated by participating in the Solana network's staking protocol. The Design segment offers hardware and software product design and engineering services to customers located in the United States. The company was incorporated in 1961 and is based in Austin, Texas.
Latest reported FWDI revenue for 2025-06-30 was $2.5M. Net income was -$850.0K. Revenue was down 20.1% from 2025-03-31 to 2025-06-30. FWDI currently screens at market cap $371.2M.
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About Forward Industries, Inc.
Forward Industries, Inc. operates as a Solana (SOL) focused digital asset treasury company. The company operates through Digital Assets and Design segments. The Digital Assets segment captures SOL-based yield generated by participating in the Solana network's staking protocol. The Design segment offers hardware and software product design and engineering services to customers located in the United States. The company was incorporated in 1961 and is based in Austin, Texas.
FWDI Key Statistics
Market Cap
$371.16M
Volume
4.72M
Previous Close
$5.14
Day Range
$5.41 – $5.96
P/B Ratio
0.65
EPS
-$1.77
Revenue
$30.20M
Net Income
-$1.95M
Gross Profit
$0.00
Free Cash Flow
$0.00
Revenue Growth
-17.7%
Profit Margin
-6.5%
Employees
60
FWDI Financials
Annual income statement in USD. Latest reported periods first.
| Line | FY2024 | FY2023 | FY2022 |
|---|---|---|---|
| Revenue | $30.20M | $36.69M | $38.21M |
| Cost of Revenue | $0.00 | $0.00 | $0.00 |
| Gross Profit | $0.00 | $0.00 | $0.00 |
| Operating Income | $0.00 | $0.00 | $0.00 |
| Net Income | -$1.95M | -$3.74M | -$1.38M |
| EPS (Diluted) | -$1.77 | -$3.39 | -$0.14 |
Total Assets
$14.77M
Total Debt
$0.00
Shareholders' Equity
$0.00
Cash & Equivalents
$3.02M
Operating Cash Flow
$407.12K
Free Cash Flow
$0.00
Forward Industries, Inc. Company Information
- Interim CEO & Director
- Michael D. Pruitt
- Headquarters
- 111 Congress Avenue, Austin, TX, United States, 78701
- Website
- forwardindustries.com
- Phone
- 512 256 9040
- IPO / Founded
- 1995-06-15
- Sector
- Consumer Cyclical
- Industry
- Footwear & Accessories