How did Forian's revenue and expenses trend in Q3 2024 compared to previous quarters?
4/14/2025 01:15pm
Forian's revenue and expenses in Q3 2024 showed a decrease in total revenue compared to the previous quarter, but no corresponding data is available for total expenses in Q3 2024. Here's a detailed analysis:
1. **Revenue Trend**: Forian's total revenue decreased from $4.78 million in Q2 2024 to $4.69 million in Q3 2024. This indicates a decline in the company's earnings during this period.
|code|Ticker|Name|Date|Total Revenue|Total Expenses|market_code|
|---|---|---|---|---|---|---|
|FORA|FORA.O|Forian|2023 Q3|5348469||186|
|FORA|FORA.O|Forian|2023 Q4|6104586||186|
|FORA|FORA.O|Forian|2024 Q1|4877378||186|
|FORA|FORA.O|Forian|2024 Q2|4777101||186|
|code|Ticker|Name|Date|Total Revenue|Total Expenses|market_code|
|---|---|---|---|---|---|---|
|FORA|FORA.O|Forian|2023 Q4|6104586||186|
|FORA|FORA.O|Forian|2024 Q1|4877378||186|
|FORA|FORA.O|Forian|2024 Q2|4777101||186|
|FORA|FORA.O|Forian|2024 Q3|4686312||186|
2. **Comparison with Previous Quarters**: The decrease in revenue from Q2 to Q3 2024 suggests a potential challenge for Forian, as revenue has not shown an upward trend in the immediate preceding quarter. This could be indicative of seasonality, market conditions, or internal factors affecting the company's performance during this period.
3. **Limitations**: The lack of data on total expenses in Q3 2024 prevents a comprehensive analysis of the company's financial health during the quarter. Total expenses are a critical component in determining the company's net income and overall financial performance. Without this information, a full assessment of Forian's financial trends in Q3 2024 cannot be provided.