Forian (NASDAQ:FORA) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$4.69m (down 12% from 3Q 2023).
• Net loss: US$204.9k (down by 104% from US$5.45m profit in 3Q 2023).
• US$0.007 loss per share (down from US$0.17 profit in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Forian EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 2.7%. Earnings per share (EPS) exceeded analyst estimates by 67%.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 9.7% growth forecast for the Healthcare Services industry in the US.

Performance of the American Healthcare Services industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You should learn about the 3 warning signs we've spotted with Forian.

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