Financial Snapshot

Revenue
$19.71M
TTM
Gross Margin
66.95%
TTM
Net Earnings
-$2.582M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
185.47%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$26.89M
Q3 2024
Cash
Q3 2024
P/E
-24.15
Nov 29, 2024 EST
Free Cash Flow
-$2.064M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2010 2009 2008 2007 2006 2005 2004
Revenue $20.48M $28.01M $16.88M $544.9K $15.29M $9.560M $4.030M $2.120M $240.0K $0.00 $0.00 $4.460M $4.120M $4.420M $1.270M $890.0K $860.0K $220.0K
YoY Change -26.87% 65.91% 2997.93% -96.44% 59.94% 137.22% 90.09% 783.33% 8.25% -6.79% 248.03% 42.7% 3.49% 290.91%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2010 2009 2008 2007 2006 2005 2004
Revenue $20.48M $28.01M $16.88M $544.9K $15.29M $9.560M $4.030M $2.120M $240.0K $0.00 $0.00 $4.460M $4.120M $4.420M $1.270M $890.0K $860.0K $220.0K
Cost Of Revenue $5.477M $6.874M $4.717M $38.29K $8.180M $5.970M $2.890M $1.840M $220.0K $0.00 $2.220M $2.350M $2.780M $70.00K $340.0K $390.0K $20.00K
Gross Profit $15.00M $21.13M $12.16M $506.6K $7.110M $3.590M $1.140M $290.0K $30.00K $0.00 $2.240M $1.770M $1.640M $1.210M $560.0K $470.0K $200.0K
Gross Profit Margin 73.26% 75.45% 72.05% 92.97% 46.5% 37.55% 28.29% 13.68% 12.5% 50.22% 42.96% 37.1% 95.28% 62.92% 54.65% 90.91%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2010 2009 2008 2007 2006 2005 2004
Selling, General & Admin $18.87M $26.40M $27.61M $2.981M $12.53M $10.57M $4.450M $2.810M $350.0K $0.00 $4.340M $3.280M $6.730M $4.780M $1.900M $830.0K $480.0K
YoY Change -28.53% -4.37% 826.18% -76.21% 18.54% 137.53% 58.36% 702.86% 32.32% -51.26% 40.79% 151.58% 128.92% 72.92%
% of Gross Profit 125.75% 124.93% 226.98% 588.39% 176.23% 294.43% 390.35% 968.97% 1166.67% 193.75% 185.31% 410.37% 395.04% 339.29% 176.6% 240.0%
Research & Development $1.408M $12.35M $8.976M $2.510M
YoY Change -88.6% 37.57% 257.65%
% of Gross Profit 9.38% 58.43% 73.8% 495.42%
Depreciation & Amortization $74.44K $2.893M $1.987M $8.555K $4.780M $3.090M $480.0K $60.00K $10.00K $0.00 $600.0K $400.0K $290.0K $30.00K $30.00K $20.00K $10.00K
YoY Change -97.43% 45.59% 23124.03% -99.82% 54.69% 543.75% 700.0% 500.0% 50.0% 37.93% 866.67% 0.0% 50.0% 100.0%
% of Gross Profit 0.5% 13.69% 16.34% 1.69% 67.23% 86.07% 42.11% 20.69% 33.33% 26.79% 22.6% 17.68% 2.48% 5.36% 4.26% 5.0%
Operating Expenses $20.35M $38.75M $36.58M $5.490M $17.33M $13.65M $4.920M $2.860M $350.0K $0.00 $0.00 $5.020M $3.760M $7.250M $4.840M $1.970M $900.0K $490.0K
YoY Change -47.48% 5.92% 566.3% -68.32% 26.96% 177.44% 72.03% 717.14% 33.51% -48.14% 49.79% 145.69% 118.89% 83.67%
Operating Profit -$5.345M -$26.09M -$27.62M -$4.984M -$10.22M -$10.06M -$3.780M -$2.570M -$320.0K $0.00 -$2.780M -$1.990M -$5.610M -$3.630M -$1.410M -$430.0K -$290.0K
YoY Change -79.51% -5.54% 454.14% -51.24% 1.59% 166.14% 47.08% 703.13% 39.7% -64.53% 54.55% 157.45% 227.91% 48.28%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2010 2009 2008 2007 2006 2005 2004
Interest Expense $7.299M $873.3K $322.4K $0.00 -$1.680M $0.00 -$670.0K -$440.0K $10.00K $0.00 -$180.0K -$80.00K $70.00K $30.00K $30.00K $0.00 $0.00
YoY Change 735.77% 170.9% -100.0% -100.0% 52.27% -4500.0% 125.0% -214.29% 133.33% 0.0%
% of Operating Profit
Other Income/Expense, Net $3.980K $139.7K $1.088M $3.574K $2.320M $2.150M -$1.590M -$2.950M $0.00 $30.00K -$40.00K $0.00 $0.00
YoY Change -97.15% -87.16% 30346.64% -99.85% 7.91% -235.22% -46.1% -100.0% -175.0%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2010 2009 2008 2007 2006 2005 2004
Pretax Income $1.819M -$25.95M -$26.53M -$4.980M -$9.580M -$7.970M -$10.67M -$7.260M -$320.0K $0.00 $0.00 -$3.070M -$2.040M -$5.610M -$3.600M -$1.390M -$430.0K -$290.0K
YoY Change -107.01% -2.19% 432.68% -48.01% 20.2% -25.3% 46.97% 2168.75% 50.49% -63.64% 55.83% 158.99% 223.26% 48.28%
Income Tax $85.74K $23.98K $22.51K $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
% Of Pretax Income 4.71%
Net Earnings $11.11M -$25.97M -$26.55M -$4.980M -$9.580M -$7.970M -$10.67M -$7.260M -$320.0K $0.00 $0.00 -$3.070M -$2.040M -$5.610M -$3.600M -$1.390M -$430.0K -$290.0K
YoY Change -142.76% -2.18% 433.14% -48.01% 20.2% -25.3% 46.97% 2168.75% 50.49% -63.64% 55.83% 158.99% 223.26% 48.28%
Net Earnings / Revenue 54.23% -92.74% -157.3% -914.01% -62.66% -83.37% -264.76% -342.45% -133.33% -68.83% -49.51% -126.92% -283.46% -156.18% -50.0% -131.82%
Basic Earnings Per Share $0.34 -$0.81 -$0.90 -$0.38
Diluted Earnings Per Share $0.34 -$0.81 -$0.90 -$0.38 -$119.4K -$148.2K -$372.9K -$271.7K -$203.8K $0.00 $0.00 -$6.532M -$5.829M -$20.78M -$14.40M -$6.950M -$2.150M -$1.450M

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2010 2009 2008 2007 2006 2005 2004
Cash & Short-Term Investments $48.34M $20.72M $31.06M $12.17M $650.0K $290.0K $870.0K $60.00K $150.0K $0.00 $0.00 $250.0K $810.0K $290.0K $5.410M $1.200M $30.00K $0.00
YoY Change 133.34% -33.31% 155.24% 1772.31% 124.14% -66.67% 1350.0% -60.0% -69.14% 179.31% -94.64% 350.83% 3900.0%
Cash & Equivalents
Short-Term Investments $42.30M $17.40M $12.40M $11.50M
Other Short-Term Assets $5.239M $1.399M $1.918M $120.0K $740.0K $410.0K $0.00 $20.00K $0.00 $40.00K $170.0K $60.00K $180.0K $30.00K $20.00K $50.00K
YoY Change 274.42% -27.06% 1498.48% -83.78% 80.49% -100.0% -76.47% 183.33% -66.67% 500.0% 50.0% -60.0%
Inventory $260.0K $40.00K $40.00K $30.00K $30.00K $30.00K $10.00K $30.00K $30.00K $0.00
Prepaid Expenses
Receivables $3.700M $4.801M $3.004M $220.0K $1.870M $1.180M $610.0K $260.0K $90.00K $0.00 $240.0K $190.0K $250.0K $60.00K $60.00K $30.00K $60.00K
Other Receivables $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $240.0K $90.00K $40.00K $40.00K $0.00 $0.00 $0.00
Total Short-Term Assets $57.28M $26.92M $35.99M $12.51M $3.520M $1.920M $1.520M $320.0K $270.0K $0.00 $0.00 $790.0K $1.290M $670.0K $5.700M $1.320M $110.0K $100.0K
YoY Change 112.8% -25.2% 187.66% 255.4% 83.33% 26.32% 375.0% 18.52% -38.76% 92.54% -88.25% 331.82% 1100.0% 10.0%
Property, Plant & Equipment $86.75K $3.212M $2.392M $50.00K $1.900M $350.0K $110.0K $60.00K $50.00K $0.00 $1.330M $1.580M $1.900M $690.0K $130.0K $30.00K $30.00K
YoY Change -97.3% 34.29% 4683.2% -97.37% 442.86% 218.18% 83.33% 20.0% -15.82% -16.84% 175.36% 430.77% 333.33% 0.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.524M $255.3K $314.4K $80.00K $150.0K $70.00K $20.00K $20.00K $0.00 $50.00K $140.0K $80.00K $10.00K $30.00K $10.00K $10.00K
YoY Change 496.88% -18.8% -46.67% 114.29% 250.0% 0.0% -64.29% 75.0% 700.0% -66.67% 200.0% 0.0%
Total Long-Term Assets $1.611M $19.34M $20.86M $40.00K $70.16M $59.02M $3.890M $350.0K $70.00K $0.00 $0.00 $3.850M $4.550M $4.900M $740.0K $160.0K $40.00K $40.00K
YoY Change -91.67% -7.26% 52041.48% -99.94% 18.87% 1417.22% 1011.43% 400.0% -15.38% -7.14% 562.16% 362.5% 300.0% 0.0%
Total Assets $58.89M $46.26M $56.84M $12.55M $73.68M $60.94M $5.410M $670.0K $340.0K $0.00 $0.00 $4.640M $5.840M $5.570M $6.440M $1.480M $150.0K $140.0K
YoY Change
Accounts Payable $161.6K $575.1K $1.125M $650.0K $900.0K $840.0K $600.0K $110.0K $0.00 $0.00 $628.5M $480.0K $330.0K $440.0K $440.0K $110.0K $50.00K $20.00K
YoY Change -71.9% -48.89% 73.09% -27.78% 7.14% 40.0% 445.45% -100.0% 45.45% -25.0% 0.0% 300.0% 120.0% 150.0%
Accrued Expenses $4.263M $4.694M $4.315M $480.0K $2.370M $860.0K $220.0M $280.0K $120.0K $250.0K $90.00K $60.00K $10.00K $10.00K
YoY Change -9.19% 8.78% 799.05% -79.75% 175.58% 133.33% -52.0% 177.78% 50.0% 500.0% 0.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $300.0K $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $0.00 $13.12K $0.00 $2.440M $210.0K $1.070M $740.0K $162.6M $120.0K $30.00K $30.00K $30.00K $10.00K $0.00
YoY Change -100.0% -100.0% 1061.9% -80.37% 44.59% 300.0% 0.0% 200.0%
Total Short-Term Liabilities $6.839M $8.353M $6.799M $1.290M $6.930M $4.160M $4.810M $1.110M $0.00 $0.00 $1.215B $1.090M $1.210M $1.630M $1.300M $890.0K $320.0K $120.0K
YoY Change -18.13% 22.85% 427.06% -81.39% 66.59% -13.51% 333.33% -100.0% -9.92% -25.77% 25.38% 46.07% 178.13% 166.67%
Long-Term Debt $24.87M $25.11M $24.26M $0.00 $820.0K $50.00K $50.00K $0.00 $90.00K $0.00 $2.380B $2.540M $1.140M $570.0K $0.00 $0.00 $30.00K $0.00
YoY Change -0.94% 3.49% -100.0% 1540.0% 0.0% -100.0% -100.0% 122.81% 100.0% -100.0%
Other Long-Term Liabilities $1.000M $376.6K $611.5K $780.0K $332.3M $150.0K $140.0K $90.00K $0.00
YoY Change 165.55% -38.42% 7.14% 55.56%
Total Long-Term Liabilities $25.87M $25.48M $24.87M $0.00 $1.600M $50.00K $50.00K $0.00 $90.00K $0.00 $2.712B $2.690M $1.280M $660.0K $0.00 $0.00 $30.00K $0.00
YoY Change 1.52% 2.46% -100.0% 3100.0% 0.0% -100.0% -100.0% 110.16% 93.94% -100.0%
Total Liabilities $32.71M $33.84M $31.67M $1.290M $8.540M $4.210M $4.860M $1.110M $90.00K $0.00 $3.927B $3.840M $2.550M $2.340M $1.300M $890.0K $350.0K $120.0K
YoY Change -3.33% 6.83% 2355.12% -84.89% 102.85% -13.37% 337.84% 1133.33% -100.0% 50.59% 8.97% 80.0% 46.07% 154.29% 191.67%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2010 2009 2008 2007 2006 2005 2004
Basic Shares Outstanding 32.03M 32.03M 29.53M 13.19M
Diluted Shares Outstanding 32.23M 32.03M 29.53M 13.19M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $62.343 Million

About Forian Inc.

Forian, Inc. engages in the provision of healthcare information, analytics and technology services. The company is headquartered in Newtown, Pennsylvania and currently employs 1 full-time employees. The company went IPO on 2021-03-03. The firm provides a suite of data management capabilities and data and analytics to optimize and measure operational, clinical, and financial performance for customers within the traditional and emerging life sciences, healthcare payer and provider segments. Its operations consist of providing analytic and information services to the healthcare and related industries, which are all subscription and services-based solutions. Its offerings include commercial, Real World Evidence (RWE) and market access solutions and data-driven insights to optimize the operational, clinical and financial performance of its customers. The firm provides its information solutions both as an enabling technology to consultants and service providers serving the healthcare and life sciences industries, as well as to end users in the healthcare and life sciences industries. The company also offers machine learning applications for the financial services community.

Industry: Services-Computer Processing & Data Preparation Peers: Babylon Holdings Ltd CareCloud, Inc. UpHealth, Inc. STREAMLINE HEALTH SOLUTIONS INC. MobileSmith, Inc. OptimizeRx Corp Pear Therapeutics, Inc. Tabula Rasa HealthCare, Inc. Akili, Inc.