Forian Inc. financial data

Symbol
FORA on Nasdaq
Industry
Services-Computer Processing & Data Preparation
Location
41 University Drive, Suite 400, Newtown, Pennsylvania
State of incorporation
Delaware
Fiscal year end
December 31
Latest financial report
Q1 2024 - May 14, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 761 % +88.6%
Debt-to-equity 130 % -38.1%
Return On Equity 13.6 %
Return On Assets 5.89 %
Operating Margin -24.3 % +60.8%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 31.1M shares -4.39%
Common Stock, Shares, Outstanding 31.1M shares -4.09%
Entity Public Float 40M USD -51.9%
Common Stock, Value, Issued 31.1K USD -4.09%
Weighted Average Number of Shares Outstanding, Basic 31M shares -4.03%
Weighted Average Number of Shares Outstanding, Diluted 31M shares -4.03%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 20.5M USD +15.4%
Research and Development Expense 1.27M USD -63.3%
Selling and Marketing Expense 4.74M USD +9.68%
General and Administrative Expense 13.5M USD -11.5%
Costs and Expenses 25.5M USD -11.5%
Operating Income (Loss) -4.98M USD +54.8%
Nonoperating Income (Expense) 7.91M USD +292%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 2.93M USD +50%
Income Tax Expense (Benefit) 158K USD +224%
Net Income (Loss) Attributable to Parent 3.4M USD -119%
Earnings Per Share, Basic 0.11 USD/shares -121%
Earnings Per Share, Diluted 0.11 USD/shares -121%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 1.03M USD +22.6%
Marketable Securities, Current 46.4M USD +18.5%
Accounts Receivable, after Allowance for Credit Loss, Current 4.27M USD +12.5%
Other Assets, Current 2.44M USD +459%
Assets, Current 56M USD +1.3%
Property, Plant and Equipment, Net 67.2K USD -40.1%
Operating Lease, Right-of-Use Asset 5.4K USD -80.3%
Intangible Assets, Net (Excluding Goodwill) 6.78M USD -25.1%
Goodwill 9.1M USD 0%
Assets 57.5M USD +3.34%
Accounts Payable, Current 375K USD +6.83%
Employee-related Liabilities, Current 904K USD -45.5%
Accrued Liabilities, Current 3.24M USD -49.6%
Contract with Customer, Liability, Current 2.85M USD -8.01%
Liabilities, Current 6.47M USD -34.7%
Operating Lease, Liability, Noncurrent 0 USD -100%
Other Liabilities, Noncurrent 500K USD
Liabilities 31M USD -12.1%
Retained Earnings (Accumulated Deficit) -48.9M USD +6.49%
Stockholders' Equity Attributable to Parent 26.5M USD +30.1%
Liabilities and Equity 57.5M USD +3.34%

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 -4.09%
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 1.03M USD +22.6%
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 0.21 pure 0%
Deferred Tax Assets, Gross 8.61M USD -50.7%
Operating Lease, Liability 5.4K USD -80.3%
Payments to Acquire Property, Plant, and Equipment 0 USD -100%
Lessee, Operating Lease, Liability, to be Paid 16.4K USD -97.9%
Property, Plant and Equipment, Gross 168K USD -3.98%
Operating Lease, Liability, Current 5.4K USD -75.4%
Lessee, Operating Lease, Liability, to be Paid, Year Two 302K USD +5.39%
Lessee, Operating Lease, Liability, to be Paid, Year One 11K USD -96.4%
Operating Lease, Weighted Average Discount Rate, Percent 0.1 pure 0%
Deferred Income Tax Expense (Benefit) 0 USD
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 298 USD -99.6%
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
Deferred Federal Income Tax Expense (Benefit) 0 USD
Current Income Tax Expense (Benefit) 85.7K USD +258%
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 75.4M USD +3.78%
Preferred Stock, Shares Outstanding 0 shares
Current State and Local Tax Expense (Benefit) 78.4K USD +227%
Current Federal Tax Expense (Benefit) 7.35K USD
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 6.4M USD +4.4%
Deferred State and Local Income Tax Expense (Benefit) 0 USD
Interest Expense 825K USD -2.13%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%