[Forward Industries Q2 Net Loss of $69 Million Dragged Down by SOL Price Decline] According to BeInCrypto, Nasdaq-listed company Forward Industries reported a net loss of $69 million for the third quarter of fiscal year 2026, primarily due to impairment losses resulting from fair value adjustments of its Solana assets under U.S. Generally Accepted Accounting Principles (GAAP). At the end of the quarter, the company held approximately 7.55 million SOL, with per-share SOL holdings increasing 9% quarter-over-quarter to 0.0730. During the quarter, the company acquired and staked over 500,000 SOL and repurchased 2.5 million shares of stock. Quarterly revenue increased more than fourfold year-over-year to $10.8 million, mainly driven by SOL staking and other financial business income. As of August 3, the company held approximately 7.8 million SOL, with per-share SOL holdings rising to 0.0754. Following the earnings report, FWDI's stock price dipped slightly by 1.36% in after-hours trading.