Forian Q2 revenue up 36% to $4.9M; net loss narrows to $0.03/sh, Adj EBITDA positive

Forian Inc.

2023-Q2 EPS reported $0.17 revenue$9,763,929

Revenue $4.9M, up 36% YoY from $3.6M.
Net loss from continuing ops $1.1M ($0.03/share), vs $4.0M ($0.13/share) a year ago.
Adjusted EBITDA from continuing ops positive $67k, compared to negative $2.5M in Q2 2022.
Cash and equivalents $41.2M at June 30, 2023; sold minority equity interest in July for $5.9M cash.
Company reaffirms year-end revenue guidance, citing cost reductions and operating leverage.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Forian Inc. reported the quarter ended June 30, 2023 results: revenue $4.9 million, net income $1.1 million, EPS $0.03 per share.

Period: the quarter ended June 30, 2023
Revenue: $4.9 million
Net income: $1.1 million
EPS: $0.03 per share
Result: reported results

Exact text from the filing

● Forian delivered the following results for the second quarter of 2023: Three Months Ended June 30, Period- over- 2023 2022 Period % Unaudited Unaudited Change Total revenue $ 4,893,542 $ 3,602,913 36% Loss from continuing operations, net of tax $ (1,090,400 ) $ (4,008,132 ) 73% Loss from discontinued operations, net of tax $ (32,426 ) $ (1,425,413 ) 98% Net Loss

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Source: SEC EDGAR

accession 0001140361-23-039081

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