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Forward Industries Posts $283M Loss on SOL Volatility Despite 319% Revenue Growth

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The Story

News Summary

  • Forward Industries reported 319% revenue growth but posted a $283.1 million net loss due to $201.7 million in digital asset losses as Solana declined 33.7% in Q1.
  • The company secured a $40 million loan from Galaxy Digital and implemented cost-cutting measures.
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