Forward Industries Launches Solana Treasury Strategy, Generates $4.6M in Q4 Revenue

Written by Emily J. Thompson, Senior Investment Analyst

Source: Businesswire

Updated: Dec 11 2025

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Should l Buy FWDI?

Source: Businesswire

Financial Performance: Forward Industries generated approximately $4.6 million in staking revenue during Q4 of Fiscal 2025, reflecting less than a month of activity from its newly launched Solana treasury strategy, indicating initial success in a new business area.
Strategic Execution: The company emphasized the importance of accounting treatment for digital assets, noting that fluctuations in the fair value of SOL do not impact cash flow or yield generation, thereby ensuring a solid foundation for long-term SOL-per-share growth.
Market Outlook: The Solana treasury strategy is supported by leading industry investors such as Galaxy Digital, Jump Crypto, and Multicoin Capital, highlighting the company's strategic positioning and potential for future growth in the digital asset space.
Business Expansion: With over 60 years of experience serving top-tier medical and technology companies, the new treasury strategy is expected to enhance its market competitiveness and drive expansion in the digital asset market.

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About FWDI

Forward Industries, Inc. is a global design, sourcing and distribution company serving medical and technology customers worldwide. The Company's segments include OEM distribution and design. The OEM distribution segment sources and distributes carrying cases and other accessories for medical monitoring and diagnostic kits and a variety of other portable electronic and non-electronic devices directly to original equipment manufacturers (OEMs) or their contract manufacturers worldwide. It sells carrying cases for blood glucose diagnostic kits. The design segment consists of two operating segments (IPS and Kablooe) that provide a full spectrum of hardware and software product design and engineering services to customers predominantly located in the United States. In the design business, its services offered vary from full development utilizing a range of in-house design and engineering functions, to targeted design and engineering support for clients with in-house development teams.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

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Forward Industries (FWDI) First to Use SEC-Registered Equity as Collateral in DeFi

Dec 18 2025Newsfilter

Innovative Milestone: Forward Industries announces that its SEC-registered shares are now live on the Solana blockchain via Superstate's Opening Bell platform, marking the first instance of public equity being used directly in decentralized finance (DeFi), establishing a bridge between traditional markets and the digital economy.
Liquidity Enhancement: This integration allows FWDI shareholders to use their tokenized shares as collateral on Kamino to borrow stablecoins, thereby gaining on-chain liquidity while maintaining exposure to the underlying equity, significantly improving capital efficiency for investors.
Market Transparency: Pyth provides real-time price feeds to ensure transparency and accuracy across protocols integrating tokenized FWDI shares, which not only enhances market trust but also lays the groundwork for more companies to participate in DeFi in the future.
Strategic Collaboration: This partnership with Superstate and Kamino illustrates how Forward Industries can extend the life and utility of its stock through technological innovation, driving transformation in public markets and expanding its influence in the digital asset economy.