FORA RSI Chart
Last 7 days
-1.1%
Last 30 days
-6.6%
Last 90 days
-1.5%
Trailing 12 Months
1.9%
Historical Charts for Stock Metrics
Year | Q1 | Q2 | Q3 | Q4 |
---|---|---|---|---|
2023 | 17.8M | 19.0M | 20.1M | 20.5M |
2022 | 18.8M | 17.8M | 17.2M | 16.4M |
2021 | 2.1M | 6.5M | 11.3M | 16.9M |
2020 | 0 | 0 | 0 | 544.9K |
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
Mar 05, 2024 | spaniel edward francis jr | sold (taxes) | -22,804 | 2.93 | -7,783 | evp, gen counsel & secretary |
Feb 13, 2024 | spaniel edward francis jr | sold (taxes) | -14,579 | 2.66 | -5,481 | evp, gen counsel & secretary |
Feb 13, 2024 | vesey michael | sold (taxes) | -13,092 | 2.66 | -4,922 | chief financial officer |
Jan 12, 2024 | spaniel edward francis jr | acquired | - | - | 175,000 | evp, gen counsel & secretary |
Jan 12, 2024 | vesey michael | acquired | - | - | 175,000 | chief financial officer |
Oct 04, 2023 | wygod martin j | bought | 4,046 | 2.38 | 1,700 | - |
Sep 18, 2023 | kassam-adams shahir | acquired | 13,050 | 2.25 | 5,800 | - |
Sep 15, 2023 | kassam-adams shahir | acquired | 13,050 | 2.25 | 5,800 | - |
Sep 14, 2023 | kassam-adams shahir | acquired | 708 | 2.25 | 315 | - |
Sep 12, 2023 | kassam-adams shahir | acquired | 1,669 | 2.25 | 742 | - |
Which funds bought or sold FORA recently?
View All DetailsDatesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
---|---|---|---|---|---|---|
May 01, 2024 | CONCOURSE FINANCIAL GROUP SECURITIES, INC. | sold off | - | - | - | -% |
Apr 30, 2024 | North Star Investment Management Corp. | unchanged | - | 711 | 5,976 | -% |
Apr 29, 2024 | American Capital Advisory, LLC | unchanged | - | 17,921 | 77,153 | 0.07% |
Apr 22, 2024 | Raymond James Financial Services Advisors, Inc. | unchanged | - | 10,854 | 91,227 | -% |
Mar 11, 2024 | VANGUARD GROUP INC | unchanged | - | 538,645 | 2,267,280 | -% |
Mar 01, 2024 | Pineridge Advisors LLC | new | - | 29.00 | 29.00 | -% |
Feb 27, 2024 | Beaird Harris Wealth Management, LLC | unchanged | - | 778 | 3,276 | -% |
Feb 14, 2024 | STATE STREET CORP | unchanged | - | 34,739 | 157,535 | -% |
Feb 14, 2024 | GROUP ONE TRADING, L.P. | unchanged | - | 387 | 1,755 | -% |
Feb 14, 2024 | BANK OF AMERICA CORP /DE/ | added | 2.45 | 1,063 | 4,156 | -% |
Unveiling Forian Inc.'s Major ShareHolders
Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
---|---|---|---|---|---|
Peers (Alternatives to Forian Inc.)
Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|
LARGE-CAP | ||||||||
UNH | 454.8B | 371.6B | 20.32 | 1.22 | ||||
CI | 97.8B | 206.0B | 25.38 | 0.47 | ||||
HCA | 80.9B | 66.7B | 14.79 | 1.21 | ||||
CVS | 69.3B | 360.9B | 9.46 | 0.19 | ||||
CNC | 39.7B | 155.5B | 14.5 | 0.26 | ||||
DVA | 12.5B | 12.3B | 15.29 | 1.01 | ||||
UHS | 11.8B | 14.3B | 16.4 | 0.82 | ||||
MID-CAP | ||||||||
CHE | 8.5B | 2.3B | 29.89 | 3.69 | ||||
ACHC | 6.2B | 3.0B | -547.75 | 2.07 | ||||
AMN | 2.3B | 3.8B | 10.81 | 0.6 | ||||
AMEH | 2.1B | 1.4B | 33.82 | 1.48 | ||||
SMALL-CAP | ||||||||
ADUS | 1.6B | 1.1B | 25.54 | 1.51 | ||||
BKD | 1.4B | 3.0B | -7.21 | 0.45 | ||||
BEAT | 57.9M | - | -3.96 | - | ||||
AMS | 18.5M | 21.3M | 34.8 | 0.87 |
Forian Inc. News
Income Statement (Quarterly) | |||||||||||||||||
Description | (%) Q/Q | 2023Q4 | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 |
Revenue | 0.4% | 5,368,932 | 5,348,469 | 4,893,542 | 4,870,387 | 4,969,673 | 4,310,694 | 3,602,913 | 3,534,861 | 5,749,366 | 4,961,755 | 4,547,985 | 1,620,609 | 209,950 | 159,504 | 108,750 | 66,667 |
Costs and Expenses | 2.0% | 6,280,339 | 6,155,737 | 6,382,082 | 7,258,184 | 6,828,801 | 7,151,198 | 7,531,089 | 13,859,863 | 13,915,757 | 12,310,656 | 11,532,935 | 6,737,124 | 2,559,221 | 1,321,508 | 901,133 | 746,766 |
S&GA Expenses | -13.4% | 1,137,536 | 1,313,212 | 1,237,327 | 1,196,192 | 1,044,668 | 1,080,660 | 1,003,104 | 820,594 | 1,277,977 | 1,088,203 | 1,177,035 | 598,975 | 422,590 | 40,217 | 55,978 | 55,066 |
R&D Expenses | 15.9% | 306,923 | 264,781 | 304,187 | 531,689 | 694,263 | 806,108 | 1,419,519 | 1,089,879 | 2,915,797 | 2,612,184 | 1,949,926 | 1,497,838 | 1,035,451 | 658,824 | 426,398 | 388,993 |
EBITDA Margin | 260.8% | 0.13 | -0.08 | -0.36 | -0.48 | -0.79 | -1.38 | -1.53 | -1.60 | -1.44 | -1.71 | -2.17 | -4.11 | -9.12 | - | - | - |
Interest Expenses | -3.4% | 204,238 | 211,333 | 210,758 | 208,456 | 213,059 | 213,060 | 208,648 | 211,333 | 232,006 | 79,422 | - | - | - | - | - | - |
Income Taxes | -178.9% | -73,547 | 93,191 | 36,187 | 29,909 | 3,980 | 10,000 | 5,000 | 5,000 | 22,511 | - | - | - | - | - | - | - |
Earnings Before Taxes | -108.2% | -454,561 | 5,546,834 | -1,054,213 | -2,218,890 | -1,896,125 | -2,956,053 | -4,003,132 | -10,312,700 | -8,026,279 | -7,021,722 | -6,964,940 | -4,515,653 | -2,351,493 | -1,161,915 | -791,639 | -675,136 |
EBT Margin | 143.9% | 0.09 | -0.20 | -0.49 | -0.61 | -0.93 | -1.47 | -1.65 | -1.72 | -1.57 | -1.84 | -2.29 | -4.20 | -9.14 | - | - | - |
Net Income | -68.0% | 1,388,943 | 4,342,091 | -1,122,826 | 6,498,479 | -3,556,714 | -5,127,624 | -5,433,545 | -11,854,088 | -8,048,790 | -7,021,722 | -6,964,940 | -4,515,653 | -2,351,493 | -1,161,915 | -791,639 | -675,136 |
Net Income Margin | 178.8% | 0.54 | 0.19 | -0.11 | -0.26 | -0.93 | -1.77 | -1.81 | -1.80 | -1.57 | -1.84 | -2.29 | -4.20 | -9.14 | - | - | - |
Free Cashflow | -121.4% | -599,457 | 2,805,499 | -248,798 | -1,303,919 | -1,290,367 | -3,409,891 | -1,886,357 | -3,900,405 | -4,867,027 | -5,318,749 | -4,833,687 | -3,672,841 | -1,912,129 | -858,023 | -1,071,008 | - |
Balance Sheet | |||||||||||||||
Description | (%) Q/Q | 2023Q4 | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2019Q4 |
Assets | 0.2% | 59.00 | 59.00 | 55.00 | 56.00 | 46.00 | 48.00 | 51.00 | 54.00 | 57.00 | 60.00 | 41.00 | 33.00 | 13.00 | - |
Current Assets | -2.1% | 57.00 | 58.00 | 55.00 | 55.00 | 27.00 | 28.00 | 29.00 | 33.00 | 36.00 | 40.00 | 21.00 | 12.00 | 13.00 | 0.00 |
Cash Equivalents | 12.4% | 6.00 | 5.00 | 3.00 | 1.00 | 3.00 | 1.00 | 11.00 | 13.00 | 18.00 | 24.00 | 5.00 | 3.00 | 1.00 | 494* |
Net PPE | -11.8% | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3.00 | 3.00 | 2.00 | 2.00 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Goodwill | - | - | - | - | - | 9.00 | 9.00 | 9.00 | 9.00 | 9.00 | 9.00 | 9.00 | 9.00 | - | - |
Liabilities | 1.8% | 33.00 | 32.00 | 35.00 | 35.00 | 34.00 | 34.00 | 33.00 | 33.00 | 32.00 | 30.00 | 7.00 | 7.00 | 1.00 | - |
Current Liabilities | -8.3% | 7.00 | 7.00 | 9.00 | 10.00 | 8.00 | 8.00 | 8.00 | 8.00 | 7.00 | 6.00 | 6.00 | 6.00 | 1.00 | 0.00 |
Shareholder's Equity | -1.8% | 26.00 | 27.00 | 21.00 | 20.00 | 12.00 | 14.00 | 17.00 | 21.00 | 25.00 | 30.00 | 35.00 | 27.00 | 11.00 | - |
Retained Earnings | 2.8% | -47.69 | -49.07 | -53.42 | -52.29 | -58.79 | -55.24 | -50.11 | -44.67 | -32.82 | -24.77 | -17.89 | -10.76 | -6.27 | -1.29 |
Additional Paid-In Capital | -2.5% | 74.00 | 76.00 | 74.00 | 73.00 | 71.00 | 70.00 | 68.00 | 66.00 | 58.00 | 55.00 | 52.00 | 38.00 | 18.00 | 1.00 |
Shares Outstanding | -4.8% | 31.00 | 32.00 | 32.00 | 32.00 | 32.00 | 32.00 | 32.00 | 32.00 | 32.00 | 29.00 | 28.00 | 24.00 | 21.00 | - |
Float | - | - | - | 40.00 | - | - | - | 83.00 | - | - | - | 236 | - | - | - |
Cashflow (Quarterly) | ||||||||||||||||||
Description | (%) Q/Q | 2023Q4 | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 |
Cashflow From Operations | -121.4% | -599 | 2,805 | -248 | -1,228 | 570 | -3,409 | -1,915 | -3,825 | -4,064 | -5,006 | -4,569 | -3,608 | -1,894 | -837 | -1,059 | -458 | - |
Share Based Compensation | 6.5% | 1,653 | 1,552 | 1,540 | 1,828 | 1,340 | 1,593 | 1,374 | 7,614 | 3,055 | 2,628 | 2,754 | 864 | 8.00 | 9.00 | 7.00 | 5.00 | - |
Cashflow From Investing | 632.4% | 4,759 | 650 | 2,344 | -633 | 1,546 | -7,372 | 33.00 | -667 | -801 | -204 | -5,265 | 5,247 | -11,521 | 1,266 | 1,177 | -2,321 | - |
Cashflow From Financing | -256.3% | -3,493 | -980 | -32.76 | -94.60 | -29.32 | - | -58.08 | -13.12 | -2.13 | 23,989 | 12,002 | 292 | 13,000 | - | - | 3,316 | - |
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) | 12 Months Ended | |
---|---|---|
Dec. 31, 2023 | Dec. 31, 2022 | |
Revenue | $ 20,481,330 | $ 16,418,141 |
Costs and Expenses: | ||
Cost of revenues | 5,477,032 | 5,049,701 |
Research and development | 1,407,580 | 4,009,769 |
Sales and marketing | 4,884,267 | 3,949,026 |
General and administrative | 13,633,193 | 16,879,858 |
Separation expenses | 599,832 | 5,417,043 |
Depreciation and amortization | 74,438 | 65,554 |
Total costs and expenses | 26,076,342 | 35,370,951 |
Operating loss From Continuing Operations | (5,595,012) | (18,952,810) |
Other Income (Expense): | ||
Change in fair value of warrant liability | 3,984 | 364,687 |
Interest and investment income | 2,327,974 | 266,213 |
Gain on sale of investment | 5,805,858 | 0 |
Interest expense | (834,785) | (846,100) |
Gain on debt redemption | 111,151 | 0 |
Total other income, net | 7,414,182 | (215,200) |
Income (loss) from continuing operations before income taxes | 1,819,170 | (19,168,010) |
Income tax expense | (85,740) | (23,980) |
Income (loss) from continuing operations, net of tax | 1,733,430 | (19,191,990) |
Loss from discontinued operations | (94,427) | (6,812,913) |
Gain on sale of discontinued operations | 11,531,849 | 32,932 |
Income tax effect on discontinued operations | (2,064,165) | 0 |
Income (loss) from discontinued operations, net of tax | 9,373,257 | (6,779,981) |
Net Income (Loss) | $ 11,106,687 | $ (25,971,971) |
Basic | ||
Basic net income (loss) per share, continuing operations (in dollars per share) | $ 0.05 | $ (0.6) |
Basic net income (loss) per share, discontinuing operations (in dollars per share) | 0.29 | (0.21) |
Basic net income (loss) per share (in dollars per share) | 0.34 | (0.81) |
Diluted | ||
Diluted net income (loss) per share, continuing operations (in dollars per share) | 0.05 | (0.6) |
Diluted net income (loss) per share, discontinuing operations (in dollars per share) | 0.29 | (0.21) |
Diluted net income (loss) per share (in dollars per share) | $ 0.34 | $ (0.81) |
Weighted-average shares outstanding - basic (in shares) | 32,030,855 | 32,031,096 |
Weighted-average shares outstanding - diluted (in shares) | 32,230,845 | 32,031,096 |
CONSOLIDATED BALANCE SHEETS - USD ($) | Dec. 31, 2023 | Dec. 31, 2022 |
---|---|---|
Current assets: | ||
Cash and cash equivalents | $ 6,042,986 | $ 2,795,743 |
Marketable securities | 42,296,589 | 17,396,487 |
Accounts receivable | 2,572,931 | 1,809,028 |
Proceeds receivable from sale of discontinued operations, net | 1,645,954 | 0 |
Contract assets | 1,126,713 | 2,252,958 |
Prepaid expenses | 1,077,233 | 835,786 |
Other current assets | 2,515,509 | 432,338 |
Current assets of discontinued operations | 0 | 1,393,688 |
Total current assets | 57,277,915 | 26,916,028 |
Property and equipment, net | 76,085 | 75,030 |
Right of use assets, net | 10,664 | 32,560 |
Deposits and other assets | 1,523,948 | 196,675 |
Non-current assets of discontinued operations | 0 | 19,037,874 |
Total assets | 58,888,612 | 46,258,167 |
Current liabilities: | ||
Accounts payable | 161,590 | 316,105 |
Accrued expenses | 4,252,257 | 3,766,789 |
Short-term operating lease liabilities | 10,664 | 21,600 |
Warrant liability | 563 | 4,547 |
Deferred revenues | 2,413,551 | 2,581,287 |
Current liabilities of discontinued operations | 0 | 1,662,247 |
Total current liabilities | 6,838,625 | 8,352,575 |
Long-term liabilities: | ||
Other long-term liabilities | 1,000,000 | 10,960 |
Convertible notes payable, net of debt issuance costs (Note 12) ($6,000,000 in principal is held by a related party. Refer to Note 15) | 24,870,181 | 25,106,547 |
Non-current liabilities of discontinued operations | 0 | 365,609 |
Total long-term liabilities | 25,870,181 | 25,483,116 |
Total liabilities | 32,708,806 | 33,835,691 |
Commitments and contingencies (Note 18) | ||
Stockholders' equity: | ||
Preferred Stock; par value $0.001; 5,000,000 Shares authorized; 0 issued and outstanding as of December 31, 2023 and December 31, 2022 | 0 | 0 |
Common Stock; par value $0.001; 95,000,000 Shares authorized; 30,920,450 issued and outstanding as of December 31, 2023 and 32,251,326 issued and outstanding as of December 31, 2022 | 30,920 | 32,251 |
Additional paid-in capital | 73,834,300 | 71,182,326 |
Accumulated deficit | (47,685,414) | (58,792,101) |
Total stockholders' equity | 26,179,806 | 12,422,476 |
Total liabilities and stockholders' equity | $ 58,888,612 | $ 46,258,167 |