{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-24-016154","form_type":"8-K","ticker":"FORA","cik":"0001829280","company_name":"Forian Inc.","filed_at":"2024-03-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.794260+00:00","generated_at":"2026-06-04T06:25:13.981170+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Forian Q4 revenue $5.4M, net income $1.39M; FY 2024 guidance 5-15% revenue growth","bullets":["Q4 2023 revenue $5.37M (+8% YoY); net income $1.39M vs loss $3.56M prior year.","FY 2023 revenue $20.48M (+25% YoY); net income from continuing ops $1.73M vs loss $19.19M.","FY 2023 Adjusted EBITDA $2.34M vs -$6.71M; Q4 Adj EBITDA $1.03M vs -$0.43M.","FY 2024 outlook: revenue growth 5-15%, Adjusted EBITDA margin 8-12%.","Repurchased 1.6M shares at $2.15/share and $2M of convertible notes in private transactions."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-24-016154","json":"https://secwatch.observer/filing/0001140361-24-016154.json","markdown":"https://secwatch.observer/filing/0001140361-24-016154.md","text":"https://secwatch.observer/filing/0001140361-24-016154.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1829280/000114036124016154/0001140361-24-016154-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1829280/000114036124016154/ef20023970_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T06:25:13.981170+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"5604eb5e1c1c08995731b4b6131e89cfe30d3d30","claim":"Forian Inc. reported Three Months Ended December 31, 2023 results: revenue $5,368,932, net income $1,388,943, EPS $0.04.","evidence_excerpt":"Fourth Quarter 2023 Financial Results Forian delivered the following results for the fourth quarter of 2023: Three Months Ended December 31, 2023 Unaudited 2022 Unaudited Period-over- Period % Change Revenue $ 5,368,932 $ 4,969,673 8% Loss from continuing operations, net of tax $ (381,014 ) $ (1,900,105 ) 80% Income (loss) from discontinued operations, net of tax $ 1,769,957 $ (1,656,609 ) 207% Net Income (loss) $ 1,388,943 $ (3,556,714 ) 139% Loss from continuing operations, net of tax per share - diluted $ (0.01 ) $ (0.06 ) 83% Income (loss) from discontinued operations, net of tax per share - diluted $ 0.05 $ (0.05 ) 200% Income (loss) per share - diluted $ 0.04 $ (0.11 ) 136% Adjusted EBITDA (a non-GAAP financial measure defined below) $ 1,033,648 $ (425,434 ) 343%","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1829280/000114036124016154/0001140361-24-016154-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Three Months Ended December 31, 2023"},{"label":"Revenue","value":"$5,368,932"},{"label":"Net income","value":"$1,388,943"},{"label":"EPS","value":"$0.04"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"a47cd21ea7895aed821ec25d95897268974566e3","claim":"Forian Inc. updated its Year ending December 31, 2024 guidance (initiated).","evidence_excerpt":"Full Year 2024 Outlook Based on information as of March 28, 2024, the Company is sharing the following outlook for the year ending December 31, 2024: ● Revenue growth is expected to be in the range of 5% to 15% ● Adjusted EBITDA 1 margin is expected to be in the range of 8% to 12%","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1829280/000114036124016154/0001140361-24-016154-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Year ending December 31, 2024"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"f321d66589b7ba13bab28c6a6588ae6e0ab4c3af","claim":"Forian Inc. reported Twelve Months Ended December 31, 2023 results: revenue $20,481,330, net income $11,106,687, EPS $0.34.","evidence_excerpt":"Full Year 2023 Financial Results Forian delivered the following results for the full year 2023: Twelve Months Ended December 31, 2023 Unaudited 2022 Unaudited Period-over- Period % Change Revenue $ 20,481,330 $ 16,418,141 25% Income (loss) from continuing operations, net of tax $ 1,733,430 $ (19,191,990 ) 109% Income (loss) from discontinued operations, net of tax $ 9,373,257 $ (6,779,981 ) 238% Net Income (loss) $ 11,106,687 $ (25,971,971 ) 143% Income (loss) from continuing operations, net of tax per share - diluted $ 0.05 $ (0.60 ) 108% Income (loss) from discontinued operations, net of tax per share - diluted $ 0.29 $ (0.21 ) 238% Income (loss) per share - diluted $ 0.34 $ (0.81 ) 142% Adjusted EBITDA (a non-GAAP financial measure defined below) $ 2,336,380 $ (6,707,809 ) 135%","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1829280/000114036124016154/0001140361-24-016154-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Twelve Months Ended December 31, 2023"},{"label":"Revenue","value":"$20,481,330"},{"label":"Net income","value":"$11,106,687"},{"label":"EPS","value":"$0.34"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}