Forian posts flat Q1 revenue of $4.9M; net loss narrows 46%, adjusted EBITDA turns positive

Forian Inc.

2024-Q1 EPS reported -$0.04 revenue$4,877,378

Revenue $4.9M, unchanged YoY; net loss from continuing ops $1.2M ($0.04/sh) vs $2.2M ($0.08/sh) prior year.
Adjusted EBITDA positive $104,417 vs negative $186,783; cash & securities $47.4M.
Launched Chartis provider profiling product; expanded Chronos data lake with new data streams.
Management expects swift return to growth based on recent performance trends.

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 0.9

Forian Inc. reported the quarter ended March 31, 2024 results: revenue $4,877,378, net income $(1,212,615), EPS $(0.04).

Period: the quarter ended March 31, 2024
Revenue: $4,877,378
Net income: $(1,212,615)
EPS: $(0.04)
Result: reported results

Exact text from the filing

Results ● Forian delivered the following results for the first quarter of 2024: Three Months Ended March 31, Period- over- Period % Change 2024 Unaudited 2023 Unaudited Revenue $ 4,877,378 $ 4,870,387 0% Loss from continuing operations, net of tax $ (1,212,615 ) $ (2,248,799 ) 46% Income from discontinued operations, net of tax $ - $ 8,747,278 100% Net (loss) income

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Source: SEC EDGAR

accession 0001140361-24-025983

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