Forian Q3 revenue $7.2M (+45% YoY); on track to exceed FY2022 revenue guidance

Forian Inc.

2022-Q3 EPS reported -$0.70 revenue$20,101,865

Revenue $7.2M, up 45% YoY and 10% sequentially; net loss $5.1M ($0.16/share) vs $7.0M loss year ago.
Adjusted EBITDA improved to -$2.1M from -$4.1M YoY; cash and marketable securities $20.6M.
Company says on track to exceed high-end of FY2022 revenue guidance; expects Adjusted EBITDA positive in H2 2023.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Forian Inc. reported the quarter ended September 30, 2022 results: revenue $7,176,328, net income $(5,127,624), EPS $ (0.16 ). Guidance raised.

Period: the quarter ended September 30, 2022
Revenue: $7,176,328
Net income: $(5,127,624)
EPS: $ (0.16 )
Guidance: raised
Result: reported results

Exact text from the filing

Total revenues $ 7,176,328 $ 4,961,755 45% Net loss $ (5,127,624 ) $ (7,021,722 ) 27% Basic and diluted net loss per common share $ (0.16 ) $ (0.22 ) 29%

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Forian Inc. filing history →

Source: SEC EDGAR

accession 0001140361-22-041405

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