Forian Inc. (FORA)

Forian Statistics

Total Valuation

Forian has a market cap or net worth of $58.96 million. The enterprise value is $30.61 million.

Market Cap	58.96M
Enterprise Value	30.61M

Important Dates

The next estimated earnings date is Tuesday, May 13, 2025, after market close.

Earnings Date	May 13, 2025
Ex-Dividend Date	n/a

Share Statistics

Forian has 31.19 million shares outstanding. The number of shares has decreased by -3.60% in one year.

Current Share Class	31.19M
Shares Outstanding	31.19M
Shares Change (YoY)	-3.60%
Shares Change (QoQ)	-0.03%
Owned by Insiders (%)	47.66%
Owned by Institutions (%)	15.21%
Float	13.98M

Valuation Ratios

PE Ratio	n/a
Forward PE	22.16
PS Ratio	2.91
Forward PS	2.58
PB Ratio	1.95
P/TBV Ratio	2.04
P/FCF Ratio	208.45
P/OCF Ratio	208.45
PEG Ratio	n/a

Enterprise Valuation

EV / Earnings	n/a
EV / Sales	1.52
EV / EBITDA	n/a
EV / EBIT	n/a
EV / FCF	108.22

Financial Position

The company has a current ratio of 2.68, with a Debt / Equity ratio of 0.22.

Current Ratio	2.68
Quick Ratio	2.55
Debt / Equity	0.22
Debt / EBITDA	n/a
Debt / FCF	23.81
Interest Coverage	-8.91

Financial Efficiency

Return on equity (ROE) is -13.05% and return on invested capital (ROIC) is -8.83%.

Return on Equity (ROE)	-13.05%
Return on Assets (ROA)	-7.34%
Return on Invested Capital (ROIC)	-8.83%
Return on Capital Employed (ROCE)	-20.67%
Revenue Per Employee	$544,683
Profits Per Employee	-$101,921
Employee Count	37
Asset Turnover	0.37
Inventory Turnover	n/a

Taxes

In the past 12 months, Forian has paid $66,583 in taxes.

Income Tax	66,583
Effective Tax Rate	n/a

Stock Price Statistics

The stock price has decreased by -28.68% in the last 52 weeks. The beta is 1.04, so Forian's price volatility has been similar to the market average.

Beta (5Y)	1.04
52-Week Price Change	-28.68%
50-Day Moving Average	2.18
200-Day Moving Average	2.22
Relative Strength Index (RSI)	42.22
Average Volume (20 Days)	29,906

Short Selling Information

The latest short interest is 83,609, so 0.27% of the outstanding shares have been sold short.

Short Interest	83,609
Short Previous Month	82,956
Short % of Shares Out	0.27%
Short % of Float	0.60%
Short Ratio (days to cover)	9.66

Income Statement

In the last 12 months, Forian had revenue of $20.15 million and -$3.77 million in losses. Loss per share was -$0.12.

Revenue	20.15M
Gross Profit	12.82M
Operating Income	-6.32M
Pretax Income	3.55M
Net Income	-3.77M
EBITDA	-6.25M
EBIT	-6.32M
Loss Per Share	-$0.12

Balance Sheet

The company has $35.08 million in cash and $6.73 million in debt, giving a net cash position of $28.35 million or $0.91 per share.

Cash & Cash Equivalents	35.08M
Total Debt	6.73M
Net Cash	28.35M
Net Cash Per Share	$0.91
Equity (Book Value)	30.05M
Book Value Per Share	0.97
Working Capital	27.86M

Cash Flow

Operating Cash Flow	282,827
Capital Expenditures	n/a
Free Cash Flow	282,827
FCF Per Share	$0.01

Margins

Gross margin is 63.61%, with operating and profit margins of -31.34% and -18.71%.

Gross Margin	63.61%
Operating Margin	-31.34%
Pretax Margin	-18.38%
Profit Margin	-18.71%
EBITDA Margin	-31.03%
EBIT Margin	-31.34%
FCF Margin	1.40%

Dividends & Yields

Forian does not appear to pay any dividends at this time.

Dividend Per Share	n/a
Dividend Yield	n/a
Dividend Growth (YoY)	n/a
Years of Dividend Growth	n/a
Payout Ratio	n/a
Buyback Yield	3.60%
Shareholder Yield	3.60%
Earnings Yield	-6.40%
FCF Yield	0.48%

Analyst Forecast

The average price target for Forian is $5.00, which is 164.55% higher than the current price. The consensus rating is "Strong Buy".

Price Target	$5.00
Price Target Difference	164.55%
Analyst Consensus	Strong Buy
Analyst Count	1
Revenue Growth Forecast (5Y)	n/a
EPS Growth Forecast (5Y)	n/a

Stock Splits

This stock does not have any record of stock splits.

Last Split Date	n/a
Split Type	n/a
Split Ratio	n/a

Scores

Forian has an Altman Z-Score of 1.94 and a Piotroski F-Score of 2. A Z-score under 3 suggests an increased risk of bankruptcy.

Altman Z-Score	1.94
Piotroski F-Score	2