Company Forward Industries, Inc.

FWDI

US3499321038

Corporate Financial Services

Market Closed - Nasdaq 16:00:00 2026-09-22 EDT			5-day change	1st Jan Change
8.600 ^USD	+5.26%		+41.45%	+30.11%

09-22	B. Riley Raises Price Target on Forward Industries to $11 From $9, Keeps Buy Rating	MT
09-15	Forward Industries Makes Updated Non-Binding Proposal to Acquire SkyAI	MT

Business description: Forward Industries, Inc.

Forward Industries, Inc. is a Solana (SOL) focused digital asset treasury company. It is focused on buying, holding, stake, trade, investing in, and growing SOL and SOL related digital assets, protocols and businesses. It is building and managing the Solana treasury for long-term shareholder value. The Company has two reportable segments: digital assets and design. The digital assets segment captures SOL-based yield generated by participating in the Solana networkâ€™s staking protocol, which comprises rewards received from native staking. 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.

Number of employees: 60

Sales by Activity: Forward Industries, Inc.

Fiscal Period: September	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Design	16.55M	20.17M	22.69M	19.99M	13.61M
Digital Assets	-	-	-	-	4.58M
Retail Distribution	3.18M	4.13M	-	-	-
OEM Distribution	19.29M	18.04M	14M	10.2M	-

See all business segments

Geographical breakdown of sales: Forward Industries, Inc.

Fiscal Period: September	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
United States (US)	25.67M	29.49M	27.12M	23.59M	18.19M
China	5.64M	5.32M	3.44M	435K	-
Poland	3.11M	2.64M	1.28M	2.8M	-
Germany	2.79M	2.98M	3M	1.28M	-
Other Foreign Countries	1.81M	1.9M	1.85M	2.09M	-

See all geographic segments

Executive Committee: Forward Industries, Inc.

Manager	Title	Age	Since
Michael Pruitt CEO	Chief Executive Officer	65	2025-05-15
Mark Brazier DFI	Director of Finance/CFO	-	2026-04-12
Ryan Navi CIO	Chief Investment Officer	-	2025-11-30
Garrison Yang IRC	Investor Relations Contact	-	2025-09-30
Georgia Quinn LAW	General Counsel	-	2025-11-16

See FORWARD INDUSTRIES, INC. governance

Composition of the Board of Directors: Forward Industries, Inc.

Director	Title	Age	Since
Sangita Vadilal M. Shah CHM	Chairman	60	-
Michael Pruitt BRD	Director/Board Member	65	2025-09-09
Keith Johnson BRD	Director/Board Member	68	2025-05-15
Kyle Samani CHM	Chairman	36	2025-09-09
Saurabh Sharma BRD	Director/Board Member	45	2026-03-02
Michael Ashe BRD	Director/Board Member	41	2026-07-14

Composition of the Board of Directors

Shareholders: Forward Industries, Inc.

Name	Stocks	%	Valuation
GALAXY DIGITAL INC. 10.98 %	8,108,108	10.98 %	51 M $
J Digital 6 LLC 10.76 %	7,947,843	10.76 %	50 M $
BlackRock Advisors LLC 4.776 %	3,527,051	4.776 %	22 M $
Alyeska Investment Group LP 4.401 %	3,250,161	4.401 %	21 M $
Vanguard Capital Management LLC 3.633 %	2,682,734	3.633 %	17 M $

List of FORWARD INDUSTRIES, INC. shareholders

Company details: Forward Industries, Inc.

Forward Industries, Inc.

111 Congress Avenue

78701, Austin

http://www.forwardindustries.com

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