FORA
Income statement / Annual
Last year (2023), Forian Inc.'s total revenue was $20.48 M,
a decrease of 26.87% from the previous year.
In 2023, Forian Inc.'s net income was $11.11 M.
See Forian Inc.’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
| Operating Revenue |
$20.48 M
|
$28.01 M
|
$16.88 M
|
$544,871.00
|
$0.00
|
| Cost of Revenue |
$5.48 M |
$6.87 M |
$4.72 M |
$38,293.00 |
$854.00 |
| Gross Profit |
$15.00 M |
$21.13 M |
$12.16 M |
$506,578.00 |
-$854.00 |
| Gross Profit Ratio |
0.73 |
0.75 |
0.72 |
0.93 |
0 |
| Research and Development
Expenses |
$1.41 M
|
$12.35 M
|
$8.98 M
|
$2.51 M
|
$827,474.00
|
| General & Administrative
Expenses |
$13.63 M
|
$20.53 M
|
$23.46 M
|
$2.98 M
|
$0.00
|
| Selling & Marketing
Expenses |
$4.88 M
|
$5.87 M
|
$4.14 M
|
$573,851.00
|
$0.00
|
| Selling, General &
Administrative Expenses |
$18.52 M
|
$26.40 M
|
$27.61 M
|
$2.98 M
|
$463,844.00
|
| Other Expenses |
$674,270.00 |
$2.89 M |
$1.99 M |
$0.00 |
$0.00 |
| Operating Expenses |
$20.60 M |
$41.64 M |
$38.57 M |
$5.49 M |
$1.29 M |
| Cost And Expenses |
$26.08 M |
$48.51 M |
$43.29 M |
$5.53 M |
$1.29 M |
| Interest Income |
$2.33 M |
$267,133.00 |
$6,809.00 |
$3,574.00 |
$4,995.00 |
| Interest Expense |
$834,785.00 |
$873,336.00 |
$322,379.00 |
$0.00 |
$0.00 |
| Depreciation &
Amortization |
$96,334.00
|
$67,181.00
|
$2.21 M
|
$8,555.00
|
$854.00
|
| EBITDA |
$2.75 M
|
-$18.25 M
|
-$24.00 M
|
-$4.97 M
|
-$1.29 M
|
| EBITDA Ratio |
0.13 |
-0.61 |
-1.43 |
-9.14 |
0 |
| Operating Income Ratio
|
-0.27
|
-0.73
|
-1.56
|
-9.15
|
0
|
| Total Other
Income/Expenses Net |
$7.41 M
|
-$215,200.00
|
$1.09 M
|
$3,574.00
|
$3,330.00
|
| Income Before Tax |
$1.82 M |
-$25.95 M |
-$26.53 M |
-$4.98 M |
-$1.29 M |
| Income Before Tax Ratio
|
0.09
|
-0.93
|
-1.57
|
-9.14
|
0
|
| Income Tax Expense |
$85,740.00 |
$23,980.00 |
$22,511.00 |
-$3,574.00 |
-$4.00 |
| Net Income |
$11.11 M |
-$25.97 M |
-$26.55 M |
-$4.98 M |
-$1.29 M |
| Net Income Ratio |
0.54 |
-0.93 |
-1.57 |
-9.13 |
0 |
| EPS |
0.35 |
-0.81 |
-0.84 |
-0.17 |
-0.0432 |
| EPS Diluted |
0.34 |
-0.81 |
-0.84 |
-0.17 |
-0.0432 |
| Weighted Average Shares
Out |
$32.03 M
|
$32.03 M
|
$31.77 M
|
$29.82 M
|
$29.82 M
|
| Weighted Average Shares
Out Diluted |
$32.23 M
|
$32.03 M
|
$31.77 M
|
$29.82 M
|
$29.82 M
|
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