Forian Q2 rev $4.5M (+54% pro forma YoY); net loss $7.1M; guides H2 rev $10.4-10.7M

Forian Inc.

2021-Q2 EPS reported -$0.42 revenue$6,168,594

Revenue $4.5M, pro forma growth 54% YoY and 25% sequential from Q1 2021.
Net loss $7.1M ($0.23 diluted EPS) vs $0.8M ($0.06) in prior year.
Pro forma adjusted EBITDA -$3.6M, widening from -$1.6M YoY.
Guidance: H2 2021 revenue $10.4M-$10.7M, a 69-74% increase over H1 2021.
Added to Russell 3000 Index during the quarter.

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