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Complete financial analysis of Forian Inc. (FORA) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Forian Inc., a leading company in the Medical – Healthcare Information Services industry within the Healthcare sector.
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Forian Inc. (FORA)
About Forian Inc.
Forian Inc. provides software solutions, proprietary data driven insights, and predictive analytics to optimize the operational, clinical, and financial performance of its healthcare, cannabis, and government customers. It operates through three segments: Information & Software, Services, and Other. The company's products include BioTrack, a vertically integrated point of sale, manufacturing, delivery, and cultivator software solution for dispensaries, cultivators, manufacturers, and distributors; and Cannalytics, a Software as a Service based analytics solution that provides clients with a presentation of business performance. Its products also comprise BioTrack seed-to-sale compliance traceability platform, which is used to manage the tracking and tracing of various cannabis products from cultivation to sale; BioTrack State Traceability & Enforcement Monitoring System to ensure transparency and accountability throughout cannabis supply chain; and STEMS, a seed-to-sale tracking module, to provide cannabis program management solution to cannabis regulatory agencies. In addition, the company offers security monitoring and web marketing services. The company is headquartered in Newtown, Pennsylvania.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Revenue | 20.48M | 28.01M | 16.88M | 544.87K | 0.00 |
| Cost of Revenue | 5.48M | 6.87M | 4.72M | 38.29K | 854.00 |
| Gross Profit | 15.00M | 21.13M | 12.16M | 506.58K | -854.00 |
| Gross Profit Ratio | 73.26% | 75.45% | 72.05% | 92.97% | 0.00% |
| Research & Development | 1.41M | 12.35M | 8.98M | 2.51M | 827.47K |
| General & Administrative | 13.63M | 20.53M | 23.46M | 2.98M | 0.00 |
| Selling & Marketing | 4.88M | 5.87M | 4.14M | 573.85K | 0.00 |
| SG&A | 18.52M | 26.40M | 27.61M | 2.98M | 463.84K |
| Other Expenses | 674.27K | 2.89M | 1.99M | 0.00 | 0.00 |
| Operating Expenses | 20.60M | 41.64M | 38.57M | 5.49M | 1.29M |
| Cost & Expenses | 26.08M | 48.51M | 43.29M | 5.53M | 1.29M |
| Interest Income | 2.33M | 267.13K | 6.81K | 3.57K | 5.00K |
| Interest Expense | 834.79K | 873.34K | 322.38K | 0.00 | 0.00 |
| Depreciation & Amortization | 96.33K | 67.18K | 2.21M | 8.56K | 854.00 |
| EBITDA | 2.75M | -18.25M | -24.00M | -4.97M | -1.29M |
| EBITDA Ratio | 13.43% | -61.01% | -143.31% | -913.75% | 0.00% |
| Operating Income | -5.60M | -20.51M | -26.41M | -4.98M | -1.29M |
| Operating Income Ratio | -27.32% | -73.23% | -156.44% | -914.67% | 0.00% |
| Total Other Income/Expenses | 7.41M | -215.20K | 1.09M | 3.57K | 3.33K |
| Income Before Tax | 1.82M | -25.95M | -26.53M | -4.98M | -1.29M |
| Income Before Tax Ratio | 8.88% | -92.65% | -157.16% | -914.01% | 0.00% |
| Income Tax Expense | 85.74K | 23.98K | 22.51K | -3.57K | -4.00 |
| Net Income | 11.11M | -25.97M | -26.55M | -4.98M | -1.29M |
| Net Income Ratio | 54.23% | -92.74% | -157.30% | -913.36% | 0.00% |
| EPS | 0.35 | -0.81 | -0.84 | -0.17 | -0.04 |
| EPS Diluted | 0.34 | -0.81 | -0.84 | -0.17 | -0.04 |
| Weighted Avg Shares Out | 32.03M | 32.03M | 31.77M | 29.82M | 29.82M |
| Weighted Avg Shares Out (Dil) | 32.23M | 32.03M | 31.77M | 29.82M | 29.82M |
Forian Inc. (FORA) Q3 2024 Earnings Call Transcript
Forian Inc. (FORA) Surpasses Q3 Earnings Estimates
Forian Inc. Announces Third Quarter 2024 Financial Results
VerticalScope Sets New Record for Monthly Active Users, Fueling Double-digit Revenue Growth and Strong Cash Flow in the Third Quarter of 2024
Forian Inc. to Participate in the 13th Annual ROTH MKM Technology Event
Forian Inc. to Announce Third Quarter 2024 Results on November 13, 2024
Forian Acquires Kyber Data Science to Enhance Data Analytics Capabilities
VerticalScope to Announce Third Quarter 2024 Results
VerticalScope Refinances Its Existing Senior Secured Credit Facility
Forian Inc. (FORA) Q2 2024 Earnings Call Transcript
Source: https://incomestatements.info
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