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Forian Inc. expects FY25 revenue of $28-$30mln.
ByAinvest
Wednesday, May 14, 2025 4:54 pm ET1min read
Forian Inc. expects FY25 revenue of $28-$30 million. The company provides data management capabilities and analytics for life sciences, healthcare payers and providers. Its operations consist of subscription and services-based solutions for commercial, Real World Evidence, and market access. Forian also offers machine learning applications for the financial services community.
NEWTOWN, PA - May 14, 2025 (NEWMEDIAWIRE) - Forian Inc. (Nasdaq: FORA), a leading provider of data science-driven information and analytics solutions, today announced its first-quarter 2025 financial results. The company reported a significant increase in revenue and a decrease in net loss compared to the same period last year. Forian's CEO, Max Wygod, highlighted the company's positive momentum and solid assimilation of the Kyber business.Key Financial Highlights:
- Revenue: Forian reported $7.1 million in revenue for the quarter ended March 31, 2025, an increase of 45% compared to $4.9 million in the prior year [1].
- Net Loss: The company incurred a net loss of $1.1 million, or $0.04 per share, compared to a net loss of $1.2 million, or $0.04 per share, in the prior year [1].
- Adjusted EBITDA: Adjusted EBITDA was $(0.1) million for the quarter, compared to $0.1 million in the prior year [1].
Operational Milestones:
- Solid Revenue Growth: Forian began the year with its highest quarterly revenue to date, reflecting acquisition impacts, strategic contract renewals, and new logos [1].
- Integration and Investment: The company accelerated contracting and investments and integrated new clinical data feeds, easing upstream data supply disruptions [1].
- Pharmaceutical Expansion: Forian achieved continued growth from pharmaceutical and biotech companies, reflecting increased adoption of its data solutions [1].
- Strategic M&A: The first full quarter integrating Kyber Data Science's platform, predictive analytics, and financial services markets to Forian's business [1].
Full Year 2025 Outlook:
Forian expects revenue to be in the range of $28 to $30 million and adjusted EBITDA to be in the range of $(1.0) to $1.0 million for the year ending December 31, 2025 [1].
References:
[1] https://www.nasdaq.com/press-release/forian-inc-announces-first-quarter-2025-financial-results-2025-05-14
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