Forward Industries incurred a net loss of $69 million in the third quarter of fiscal year 2026, which was affected by the impairment of SOL

According to BeInCrypto, Nasdaq listed company Forward Industries announced a net loss of $69 million for the third quarter of fiscal year 2026, primarily due to impairment losses resulting from fair value adjustments of Solana assets held in accordance with US Generally Accepted Accounting Principles. At the end of the quarter, the company held approximately 7.55 million SOLs, with a 9% month on month increase in SOL holdings per share to 0.0730; During the quarter, we increased our holdings by purchasing and pledging over 500000 SOLs, and repurchased 2.5 million shares of stock. The quarterly revenue increased more than fourfold year-on-year to 10.8 million US dollars, mainly from SOL pledge and other fund business income. As of August 3rd, the company holds approximately 7.8 million SOLs, with a per share SOL holding of 0.0754. After the release of the financial report, FWDI's stock price fell slightly by 1.36% after trading.