---
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"
generated_at: "2026-06-04T06:25:13.981170+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Forian Q4 revenue $5.4M, net income $1.39M; FY 2024 guidance 5-15% revenue growth

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-016154
- JSON: https://secwatch.observer/filing/0001140361-24-016154.json
- Plain text: https://secwatch.observer/filing/0001140361-24-016154.txt

## Key facts
- Earnings Releases
  Forian Inc. reported Three Months Ended December 31, 2023 results: revenue $5,368,932, net income $1,388,943, EPS $0.04.
  - Period: Three Months Ended December 31, 2023
  - Revenue: $5,368,932
  - Net income: $1,388,943
  - EPS: $0.04
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1829280/000114036124016154/0001140361-24-016154-index.htm
- Earnings Releases
  Forian Inc. updated its Year ending December 31, 2024 guidance (initiated).
  - Period: Year ending December 31, 2024
  - Guidance: initiated
  - Result: guidance update
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1829280/000114036124016154/0001140361-24-016154-index.htm
- Earnings Releases
  Forian Inc. reported Twelve Months Ended December 31, 2023 results: revenue $20,481,330, net income $11,106,687, EPS $0.34.
  - Period: Twelve Months Ended December 31, 2023
  - Revenue: $20,481,330
  - Net income: $11,106,687
  - EPS: $0.34
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1829280/000114036124016154/0001140361-24-016154-index.htm

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