Forian FY21 revenue $16.9M meets outlook; Q4 revenue +80% pro forma; net loss widens to $0.25/sh

Forian Inc.

FY21 revenue $16.9M met high end of outlook; pro forma revenue $18.9M increased 53% YoY.
Q4 revenue $5.75M, up 80% pro forma YoY and 16% sequentially from Q3.
Q4 net loss $8.05M ($0.25/sh) vs $2.35M ($0.14) prior year; FY net loss $26.55M ($0.90).
Adjusted EBITDA negative $4.5M (Q4) and $15.1M (FY), worsening from prior year.
Cash and marketable securities $31.1M at Dec 31, 2021; company expects continued growth in FY22.

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