Forian Inc. financial data

Symbol
FORA on Nasdaq
Industry
Services-Computer Processing & Data Preparation
Location
41 University Drive, Suite 400, Newtown, PA
State of incorporation
DE
Fiscal year end
December 31
Latest financial report
10-Q - Q3 2024 - Nov 13, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 438 % -22.2%
Debt-to-equity 121 % -28.6%
Return On Equity -9.81 % -132%
Return On Assets -4.45 % -139%
Operating Margin -32.7 % -0.46%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 31M shares +0.13%
Common Stock, Shares, Outstanding 31.1M shares -4.3%
Entity Public Float 40M USD -51.9%
Common Stock, Value, Issued 31.1K USD -4.3%
Weighted Average Number of Shares Outstanding, Basic 31.1M shares -4.2%
Weighted Average Number of Shares Outstanding, Diluted 31.1M shares -11.3%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 19.7M USD -1.85%
Research and Development Expense 1.3M USD -27.8%
Selling and Marketing Expense 4.17M USD -13%
General and Administrative Expense 13.9M USD +2.1%
Costs and Expenses 26.2M USD -1.75%
Operating Income (Loss) -6.45M USD +1.42%
Nonoperating Income (Expense) 2.04M USD -70.5%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -4.41M USD -1268%
Income Tax Expense (Benefit) -58.7K USD -136%
Net Income (Loss) Attributable to Parent -2.58M USD -142%
Earnings Per Share, Basic -0.09 USD/shares -147%
Earnings Per Share, Diluted -0.08 USD/shares -144%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 2.71M USD -49.6%
Marketable Securities, Current 46.7M USD +7.03%
Accounts Receivable, after Allowance for Credit Loss, Current 3.55M USD +21.5%
Other Assets, Current 1.35M USD +265%
Assets, Current 55.8M USD -4.55%
Property, Plant and Equipment, Net 52.7K USD -38.9%
Operating Lease, Right-of-Use Asset 41.2K USD +161%
Intangible Assets, Net (Excluding Goodwill) 6.78M USD -25.1%
Goodwill 9.1M USD 0%
Assets 57.5M USD -2.18%
Accounts Payable, Current 844K USD +225%
Employee-related Liabilities, Current 1.01M USD -55.1%
Accrued Liabilities, Current 2.62M USD -40.9%
Contract with Customer, Liability, Current 2.24M USD -18.5%
Liabilities, Current 30.1M USD +303%
Operating Lease, Liability, Noncurrent 0 USD -100%
Other Liabilities, Noncurrent 518K USD
Liabilities 30.6M USD -4.7%
Retained Earnings (Accumulated Deficit) -51.7M USD -5.26%
Stockholders' Equity Attributable to Parent 26.9M USD +0.86%
Liabilities and Equity 57.5M USD -2.18%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -2.21M USD -79.7%
Net Cash Provided by (Used in) Financing Activities -1.03M USD -990%
Net Cash Provided by (Used in) Investing Activities -1.77M USD -180%
Common Stock, Shares Authorized 95M shares 0%
Common Stock, Shares, Issued 31.1M shares -4.3%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect -5.01M USD -156%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 2.71M USD -49.6%
Interest Paid, Excluding Capitalized Interest, Operating Activities 0 USD
Deferred Tax Assets, Valuation Allowance 8.12M USD -53.2%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.15 pure
Deferred Tax Assets, Gross 8.61M USD -50.7%
Operating Lease, Liability 41.2K USD +161%
Payments to Acquire Property, Plant, and Equipment 0 USD -100%
Lessee, Operating Lease, Liability, to be Paid 43.1K USD +162%
Property, Plant and Equipment, Gross 168K USD 0%
Operating Lease, Liability, Current 23.1K USD +46.4%
Lessee, Operating Lease, Liability, to be Paid, Year Two 12.3K USD
Lessee, Operating Lease, Liability, to be Paid, Year One 24.6K USD +125%
Operating Lease, Weighted Average Discount Rate, Percent 0.05 pure -52.6%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 1.83K USD +189%
Lessee, Operating Lease, Liability, to be Paid, Year Three 85.7K USD -70.6%
Deferred Tax Assets, Operating Loss Carryforwards 5.14M USD -51.1%
Preferred Stock, Shares Issued 0 shares
Preferred Stock, Shares Authorized 5M shares 0%
Unrecognized Tax Benefits 0 USD
Lessee, Operating Lease, Liability, to be Paid, Year Four 14.3K USD -83.3%
Operating Lease, Payments 5.48K USD -7.59%
Additional Paid in Capital 78.5M USD +3.72%
Preferred Stock, Shares Outstanding 0 shares
Current State and Local Tax Expense (Benefit) 24K USD +6.53%
Amortization of Intangible Assets 2.28M USD +20.8%
Depreciation, Depletion and Amortization 8.89K USD -76.9%
Deferred Tax Assets, Net of Valuation Allowance 488K USD +283%
Share-based Payment Arrangement, Expense 6.53M USD +4.26%
Interest Expense 825K USD -2.13%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%