Forian Q1 revenue up 294% to $6.4M; net loss widens to $11.9M; reaffirms FY22 guidance

Forian Inc.

2022-Q1 EPS reported -$0.37 revenue$6,391,279

Revenue $6.4M, +294% YoY; pro forma revenue growth 76% YoY and 11% sequentially.
Net loss $11.9M ($0.37 loss per share) vs $4.5M ($0.19); includes $5.6M separation costs.
Adjusted EBITDA negative $3.4M vs negative $2.9M prior year.
Cash and marketable securities $27.1M at quarter end.
Reaffirmed 2022 revenue guidance $25.5M-$27.0M.

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