---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-25-001302"
form_type: "8-K/A"
ticker: "FORA"
cik: "0001829280"
company_name: "Forian Inc."
filed_at: "2025-01-16T23:59:59+00:00"
generated_at: "2026-05-28T00:15:16.772211+00:00"
event_type: "m_and_a"
sentiment: "negative"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001140361-25-001302
- form_type: 8-K/A
- ticker: FORA
- cik: 0001829280
- company_name: Forian Inc.
- filed_at: 2025-01-16T23:59:59+00:00
- event_type: m_and_a
- sentiment: negative
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1829280/000114036125001302/0001140361-25-001302-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1829280/000114036125001302/ef20041506_8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-25-001302
- JSON: https://secwatch.observer/filing/0001140361-25-001302.json
- Plain text: https://secwatch.observer/filing/0001140361-25-001302.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.