secwatch.observer — SEC 8-K summary
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Issuer:     Forian Inc. (FORA)
CIK:        0001829280
Form:       8-K
Filed at:   2024-08-14T23:59:59+00:00
Accession:  0001140361-24-037333
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Forian Q2 revenue down 2% YoY, net loss widens to $2.6M; updates FY guidance
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- Revenue $4.78M vs $4.89M YoY (-2%); net loss $2.55M ($0.08 diluted loss) vs $1.12M ($0.03 loss).
- Adjusted EBITDA $78K vs $417K YoY, still positive but sharply lower.
- Cash and securities $48.0M at June 30, 2024.
- FY2024 outlook: revenue $19-20M, adjusted EBITDA -$0.5M to $0.5M.
- Expanding Chronos data lake to offset expected 2025 loss of certain data from one supplier.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1829280/000114036124037333/0001140361-24-037333-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1829280/000114036124037333/ef20033935_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-037333

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