secwatch.observer — SEC 8-K summary
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Issuer:     Forian Inc. (FORA)
CIK:        0001829280
Form:       8-K
Filed at:   2024-03-28T23:59:59+00:00
Accession:  0001140361-24-016154
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1829280/000114036124016154/0001140361-24-016154-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1829280/000114036124016154/ef20023970_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-016154

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer