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Forward Industries, Inc.

FWDI · Banks · Nasdaq · As of 7 Oct 2026

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50AIR SCORE
  • FundamentalsWhat is this?Not scored — outside AIR's $300M–$20B fundamentals band

    How the business is doing on its own reported US-GAAP numbers — growth, margins, cash generation, balance-sheet strength, capital efficiency and dilution — compared with sector peers.

    Source: SEC XBRL financial statements.

  • ValueWhat is this?Too few of the required measures on file

    How the shares are priced against sector peers, against the company's own recent history, and against a simple cash-flow estimate, using the filing numbers and the current price. AIR shows this as a band, never as a target price.

    Source: SEC XBRL financial statements and end-of-day prices.

  • News flowWhat is this?Balanced

    What the company has documented recently: material 8-K events (contracts, deals, results, leadership changes) and FDA approvals, weighted by recency and type. A language model's reading of each 8-K helps classify whether it is positive or negative. Filings, not press or social media.

    Source: SEC EDGAR 8-K filings and FDA approvals.

  • MomentumWhat is this?Balanced

    The longer-term market read: the trend in end-of-day prices, strength against the market and the sector, and trading volume over roughly the past three to twelve months. It is shown, never used to rank the Shortlist.

    Source: End-of-day prices.

  • SafetyWhat is this?Balanced

    The risk side: leverage, liquidity, cash runway, dilution, revenue and margin swings, company size and pre-commercial status, negative 8-K events (including legal and regulatory ones), and share-price drawdown and volatility. Higher means fewer of those risk markers.

    Source: SEC XBRL financial statements, SEC EDGAR 8-K filings and end-of-day prices.

Overall confidence 37/100 — few inputs available yet

How AIR scores →

Discovery Gap: Low (0/100) · Gap confidence 48/100The market has largely caught up to the documented story.

This month at a glance

AIR Score™ change: -1Slipped -1 on softer inputs.
Cycle window6 Oct 2026 → 7 Oct 2026
News flow-1Weighed on the latest score.

Evidence timeline

  1. Expected
  2. Fri 11 Dec · expected 10-K

    Last year filed 11 Dec 2025.

  3. Fri 12 Feb · expected 10-Q

    Last year filed 12 Feb 2026.

  4. Filed
  5. Thu 1 Oct · 8-K

    8-K filed 2026-10-01

    News flow: first measured — Balanced 50Recognition: Balanced 50 → Balanced 53Gap first measured: 0 (Low)

    AIR measured this for the first time; no change to report.

  6. Thu 24 Sep · 8-K

    8-K · Items 1.01, 8.01 — Material agreement

    Forward Industries completed a registered direct offering of 3.125M shares at $8.00/share, raising ~$25M gross proceeds. Proceeds intended for Solana purchase, working capital, and general corporate purposes. Lock-up restrictions apply.

  7. Tue 15 Sep · 8-K

    8-K filed 2026-09-15

Solid dots: a filing AIR classified as material. Grey: routine. Hollow: expected, from last year's dates — not a forecast.

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What would change our view

A weaker balance sheet in the next filing cycle, a material regulatory setback, or a new evidence cluster that re-opens a distance between filings and attention would move the score, and the page would show which one did.

Research, not tips. No buy/sell recommendations, no price forecasts. Every score is derived from public filings and market data — figures round to whole numbers and refresh each trading day.