secwatch.observer — SEC 8-K summary
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Issuer:     Forian Inc. (FORA)
CIK:        0001829280
Form:       8-K
Filed at:   2024-11-13T23:59:59+00:00
Accession:  0001140361-24-046473
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 1.01, 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Forian Q3 revenue down 12%, net loss of $0.2M; redeems $16M in convertible notes
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- Revenue of $4.69M, down 12% YoY from $5.35M; net loss of $0.2M vs prior-year income of $4.3M.
- Adjusted EBITDA fell to $0.19M from $1.07M; diluted EPS of ($0.01) vs $0.13.
- Redeemed $16M aggregate principal of 3.5% convertible notes due 2025 plus $1.79M accrued interest.
- Remaining $6M in notes held by Pamela Wygod, spouse of deceased director Martin J. Wygod.
- Acquired Kyber Data Science on Oct 31, 2024 for undisclosed terms; cash & securities at $49.4M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1829280/000114036124046473/0001140361-24-046473-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1829280/000114036124046473/ef20038548_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-046473

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