Home / Going-concern warnings / Forward Industries, Inc.
Filed 2025-12-11 路 Form 10-K 路 Accession 0001683168-25-009068 small
Price before filing: $7.75 (2025-12-10 close, split/dividend-adjusted)
Market cap at flag: $751.2M (2025-12-11) 路 Latest: $599.1M (2026-10-16)
| Window | FWDI | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -3.1% | +1.4% | -4.5% | 2026-01-12 |
| 90 days | -35.2% | -1.3% | -33.9% | 2026-03-11 |
| 180 days | -47.7% | +7.8% | -55.5% | 2026-06-09 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
"As discussed in Note 1 to the consolidated financial statements, the Company has suffered recurring losses from operations that raise substantial doubt about its ability to continue as a going concern."
Quoted from the filing. Source
The filing states that substantial doubt exists about the company's ability to continue as a going concern: it may not have enough cash to last the next 12 months. Expect dilution, debt deals or worse. An auditor's going-concern paragraph is the strongest form of this warning.
Source: independent auditor report in Form 10-K (period 2025-09-30)
Why this score: in auditor's report
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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