Forward Industries, Inc.
Close on Oct 19, 2026
- Market cap
- $590.39M
- P/E (TTM)
- –
- Dividend yield
- –
About Forward Industries
Finance Services, SIC 6199
Forward Industries, Inc. provides hardware and software product design and engineering solutions and maintains a digital asset treasury. The company operates two main segments: design and digital assets. Through its design business, it delivers product development services spanning electrical, mechanical, optical, and software engineering, industrial design, user interface development, IoT architecture, and prototyping. These services support diverse electronics, including medical equipment, smart displays, beverage dispensers, security systems, cameras, wearables, and vehicle controls. The company primarily serves commercial clients in the medical and technology sectors. Through its digital asset operations, it acquires, holds, and stakes digital assets, focusing on Solana.
Forward Industries conducts its activities predominantly in the United States, where the majority of its design clients and suppliers are located. The business employs approximately 60 people, substantially all of whom work full-time, and retains consultants on an as-needed basis. The company is headquartered in Hauppauge, New York.
Summary of the business section of Forward Industries's latest annual report, written by StockData.
Company profile
Company
- Legal name
- Forward Industries, Inc.
- Founded
- 1961
- Headquarters
- Austin, TX
- Address
- 111 Congress Avenue, Suite 500 78701
- Phone
- (512) 256-9040
- Website
- forwardindustries.com
- Employees
- 60, Sep 30, 2025
- Industry
- Finance Services
- Incorporated in
- Texas
- Fiscal year ends
- September 30
- Auditor
- CohnReznick LLP, Holmdel, New Jersey
Stock & identifiers
- Ticker
- FWDI
- Exchange
- Nasdaq
- IPO date
- Nov 17, 1994
- Shares outstanding
- 74M, Aug 3, 2026
- Public float
- $3.30M, Mar 31, 2025
- Filer category
- Non-accelerated filer<br>Smaller reporting company
- Stock splits
- 1-for-10 reverse, Jun 18, 2024; 1-for-2 reverse, Dec 24, 1997; 2-for-1, Feb 1, 1996
- SEC CIK
- 38264
- CUSIP
- 349932103
- ISIN
- US3499321038
- LEI
- 25490013M5T813R19941
- EIN
- 13-1950672
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Michael D. Pruitt | Chief Executive Officer, Director | 1,500 |
| Georgia P. Quinn | General Counsel | 440,867 |
| Ryan David Navi | Chief Investment Officer | 539,041 |
| Mark Christopher Brazier | Chief Financial Officer | 412,500 |
| Kathleen Weisberg | Chief Financial Officer | – |
| Michael Lawrence Ashe | Director | 13,514 |
| Pyahm Samani | Director | 3,134,871 |
| Saurabh Sharma | Director | – |
| Keith J. Johnson | Director | – |
| Sangita Shah | Director | 61,113 |
| Sharon Hemond Hrynkow | Director | 10,000 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 Michael Pruitt | $873.82K | $1.10M | $517.62K | $179 | – |
| FY2025 Terence Wise | $168.50K | $168.50K | $517.62K | $179 | – |
| FY2024 Mr. Wise | $252.75K | $252.75K | $290.66K | $26 | – |
| FY2024 Terence Wise | $252.75K | $252.75K | $290.66K | $26 | – |
| FY2023 Mr. Wise | $337.00K | $337.00K | $304.95K | $53 | – |
| FY2023 Terence Wise | $337.00K | $337.00K | $304.95K | $53 | – |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“As of November 30, 2025, we had approximately 60 employees, substantially all of whom work full-time, none of which are covered by a collective bargaining agreement.”
Corporate history
Events identified from SEC filings