Forward Industries posts over 300% revenue growth but wider quarterly net loss amid SOL markdowns
The Block·
60-second summary
Forward Industries posts over 300% revenue growth with $13 million generated for the quarter ended March 31, up 319% year over year, driven by increasing demand for Solana treasury services. However, the company incurred a wider quarterly net loss amid significant SOL markdowns, highlighting the volatility of the crypto market and its impact on treasury firms.
The Solana treasury firm generated $13 million in revenue for the quarter ended March 31, up 319% year over year.