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via The Block · By The Block Editorial

Forward Industries posts over 300% revenue growth but wider quarterly net loss amid SOL markdowns

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The Block Editorial

(09:19 AM UTC)

1 min read

Verified byDavid Kim

0 comments

Solana treasury firm Forward Industries reported strong revenue growth but a widened net loss for the quarter ended March 31, as crypto market volatility weighed on results.

According to its earnings report released Thursday, Forward Industries generated $13 million in revenue for the quarter, up 319% from the same period last year. The increase was mainly driven by staking revenue from the…

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