Forward Industries Earnings Call Transcripts
Fiscal Year 2026
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Revenue surged over 4x year-over-year to $13M, with gross margin at 70% and SOL per share growth exceeding 44% annualized, driven by strategic share repurchases and Solana ecosystem engagement. Net loss was $283.1M due to SOL price declines.
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The meeting covered director elections, auditor ratification, equity plan amendments, and a state of incorporation change. All proposals passed, including a three-year frequency for advisory votes on executive compensation. Final results will be filed with the SEC.
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Revenue and gross margin surged year-over-year, driven by Solana staking, but a large net loss was recorded due to mark-to-market declines in SOL. Strategic initiatives included launching fwdSOL, on-chain share issuance, and opportunistic buybacks, with a focus on compounding SOL per share.
Fiscal Year 2025
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Transitioned to a Solana-focused digital asset treasury, acquiring over 6.8 million SOL and launching innovative on-chain strategies like liquid staking and PropAMM. Expanded ecosystem engagement through tokenized equity and advisory board, while maintaining a strong balance sheet and leadership team.