---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-024388"
form_type: "8-K"
ticker: "FORA"
cik: "0001829280"
company_name: "Forian Inc."
filed_at: "2023-05-12T23:59:59+00:00"
generated_at: "2026-06-15T02:44:49.865815+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Forian Q1 revenue up 38% to $4.9M; continuing ops loss narrows to $2.2M

## Summary
- Revenue $4.87M, +38% YoY; continuing ops net loss $2.25M vs $10.3M loss in prior year.
- Adjusted EBITDA from continuing ops improved to -$0.27M from -$2.7M YoY.
- Discontinued ops contributed $8.7M net income from February 2023 sale of BioTrack cannabis business.
- Cash, cash equivalents and marketable securities totaled $40M at March 31, 2023.
- Company transitions to pure-play healthcare information provider after divesting cannabis software.

## SEC filing metadata
- accession: 0001140361-23-024388
- form_type: 8-K
- ticker: FORA
- cik: 0001829280
- company_name: Forian Inc.
- filed_at: 2023-05-12T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1829280/000114036123024388/0001140361-23-024388-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1829280/000114036123024388/brhc20052853_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-024388
- JSON: https://secwatch.observer/filing/0001140361-23-024388.json
- Plain text: https://secwatch.observer/filing/0001140361-23-024388.txt

## Key facts
- Earnings Releases
  Forian Inc. reported quarter ended March 31, 2023 results: revenue $4,870,387, net income $6,498,479, EPS $0.19.
  - Period: quarter ended March 31, 2023
  - Revenue: $4,870,387
  - Net income: $6,498,479
  - EPS: $0.19
  - Result: reported results
  source text: ● Forian delivered the following results for the first quarter of 2023: Three Months Ended March 31, Period- over- Period % Change 2023 Unaudited 2022 Unaudited Total revenue $ 4,870,387 $ 3,534,861 38% Loss from continuing operations, net of tax $ (2,248,799 ) $ (10,317,700 ) 78% Income (loss) from discontinued operations, net of tax $ 8,747,278 $ (1,536,388 )
  evidence_url: https://www.sec.gov/Archives/edgar/data/1829280/000114036123024388/0001140361-23-024388-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.