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Forian (FORA)
NASDAQ:FORA
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Earnings Data
Report Date
Mar 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.02Last Year’s EPS
$0.04Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 13, 2024
|% Change Since: 3.97%
|Next Earnings Date:Mar 26, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted Forian's strategic acquisition and improved sales momentum, but these positives were countered by flat revenue performance and a decline in adjusted EBITDA due to customer attrition and increased costs.Company Guidance
During the Forian Inc. Q3 2024 earnings call, management provided guidance indicating that the company anticipates reaching the upper end of its 2024 revenue forecast of $19 to $20 million, with adjusted EBITDA expected to remain within the range of negative $0.5 million to positive $0.5 million. The company's Q3 revenue was reported at $4.7 million, showing a sequential flat trend but a slight decline from $5.3 million year-over-year, with a net loss of $0.2 million and adjusted EBITDA of $0.2 million, compared to $4.3 million net income and $1.1 million adjusted EBITDA the previous year. Despite the revenue challenges, Forian expressed optimism about breaking out of its recent revenue range of $4.6 to $5.4 million, driven by increased sales wins and the strategic acquisition of Kyber Data Science, expected to enhance its market position and financial outlook as 2025 approaches.Acquisition of Kyber Data Science
Forian acquired Kyber Data Science, expanding its addressable market to include financial service customers and strengthening its data science capabilities.
Improved Sales Momentum
Forian experienced increased sales wins in healthcare services and life sciences, with expanded relationships and renewals at larger amounts than initial contracts.
Strong Financial Position
Forian ended the period with $49.4 million of cash and marketable securities, demonstrating adequate capital to operate and capitalize on growth opportunities.
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FORA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FORA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 13, 2024 | $2.04 | $2.03 | -0.49% |
| Aug 14, 2024 | $2.47 | $2.40 | -2.83% |
| May 10, 2024 | $2.80 | $2.62 | -6.43% |
| Mar 28, 2024 | $3.32 | $2.86 | -13.86% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Forian (FORA) report earnings?
Forian (FORA) is schdueled to report earning on Mar 26, 2025, TBA Not Confirmed.
What is Forian (FORA) earnings time?
Forian (FORA) earnings time is at Mar 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FORA EPS forecast?
FORA EPS forecast for the fiscal quarter 2024 (Q4) is $0.02.
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