secwatch.observer — SEC 8-K summary
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Issuer:     Forian Inc. (FORA)
CIK:        0001829280
Form:       8-K
Filed at:   2022-03-24T23:59:59+00:00
Accession:  0001140361-22-010986
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1829280/000114036122010986/0001140361-22-010986-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1829280/000114036122010986/brhc10035644_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-22-010986

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer