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Forward Industries Records $69 Million Net Loss in Third Fiscal Quarter Due to Solana Asset Impairment

Source: beincrypto.com
According to BeInCrypto, Nasdaq-listed company Forward Industries recorded a net loss of $69 million in the third quarter of fiscal year 2026 due to impairment of its Solana treasury assets, equivalent to a loss of $0.80 per share. Of this, the digital asset loss was $49.8 million, with an additional $15.2 million in impairment losses accrued.

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