Forian files Kyber Data Science financials showing $12.3M net loss on $4.2M revenue in 2023

Forian Inc.

Kyber Data Science LLC acquired Oct 31, 2024; audited 2023 revenue $4.16M (99.5% subscription research fees).
2023 net loss $12.32M; negative members' equity of $28.6M at Dec 31, 2023.
Total liabilities $42.9M incl. $39.6M payable to affiliates; intangible assets $8.6M with 6-yr estimated life.
Company provides enriched healthcare data insights to institutional investors, banks, and hedge funds.
Capital contribution of $5.25M received from parent Cowen Inc. in July 2023 to fund operations.

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