FORA official logo FORA
FORA 1-star rating from Upturn Advisory
Forian Inc (FORA) company logo

Forian Inc (FORA)

Forian Inc (FORA) 1-star rating from Upturn Advisory
$2.26
Last Close (24-hour delay)
Profit since last BUY0.44%
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Upturn Advisory Summary

11/04/2025: FORA (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

Upturn 1 star rating for performance

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

1 star rating from financial analysts

1 Analysts rated it

Very few follow this stock; limited insights, higher-risk early investing.

1 Year Target Price $5

1 Year Target Price $5

Analysts Price Target For last 52 week
$5 Target price
52w Low $1.64
Current$2.26
52w High $4.03

Analysis of Past Performance

Type Stock
Historic Profit -39.11%
Avg. Invested days 36
Today’s Advisory Consider higher Upturn Star rating
Upturn Star Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 2.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 11/04/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 69.38M USD
Price to earnings Ratio -
1Y Target Price 5
Price to earnings Ratio -
1Y Target Price 5
Volume (30-day avg) 1
Beta 1.03
52 Weeks Range 1.64 - 4.03
Updated Date 11/4/2025
52 Weeks Range 1.64 - 4.03
Updated Date 11/4/2025
Dividends yield (FY) -
Basic EPS (TTM) -0.03

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

Earnings Date

Report Date 2025-11-06
When -
Estimate 0.0137
Actual -

Profitability

Profit Margin -3.62%
Operating Margin (TTM) 0.62%

Management Effectiveness

Return on Assets (TTM) -4.77%
Return on Equity (TTM) -3.2%

Valuation

Trailing PE -
Forward PE 24.75
Enterprise Value 40559434
Price to Sales(TTM) 2.77
Enterprise Value 40559434
Price to Sales(TTM) 2.77
Enterprise Value to Revenue 1.62
Enterprise Value to EBITDA 20.05
Shares Outstanding 31112312
Shares Floating 9121819
Shares Outstanding 31112312
Shares Floating 9121819
Percent Insiders 51.91
Percent Institutions 13

Icon representing Upturn AI-generated SWOT analysis summary Upturn AI SWOT

Forian Inc

Forian Inc(FORA) company logo displayed in Upturn AI summary

Company Overview

Company history and background logo History and Background

Forian Inc. was formed through the combination of Helix Technologies, a provider of software and data analytics solutions to the cannabis industry, and Medical Marijuana, Inc. The goal was to create a leading provider of data-driven solutions and services for the cannabis and hemp industries and the healthcare sector. They focus on leveraging data and insights to optimize operations, improve patient outcomes, and drive revenue growth for their clients.

Company business area logo Core Business Areas

  • Cannabis Data & Analytics: Provides data and analytics solutions tailored to the cannabis industry, helping businesses optimize their operations, marketing, and sales strategies.
  • Healthcare Data Solutions: Offers data-driven solutions for healthcare providers and organizations, focusing on improving patient outcomes and operational efficiency.

leadership logo Leadership and Structure

Forian Inc's leadership team includes experienced executives in the fields of data analytics, healthcare, and cannabis. The organizational structure is designed to support its core business areas and promote collaboration across departments.

Top Products and Market Share

Product Key Offerings logo Key Offerings

  • Forian Insights: A data and analytics platform providing insights into cannabis market trends, consumer behavior, and regulatory changes. Market share data is challenging to pinpoint precisely due to the fragmented nature of the cannabis data market, but it aims to be a leading provider. Key competitors include New Frontier Data and BDSA. Revenue from insights is estimated to be a significant portion of their data analytics segment.
  • Patient Outcomes Solutions: Data analytics services for healthcare, focusing on improved patient outcomes and operational efficiencies. Market share is difficult to accurately ascertain, but it competes with traditional healthcare data analytics firms like Optum and Cerner. Revenue contribution is substantial and growing as healthcare becomes more data-driven.

Market Dynamics

industry overview logo Industry Overview

The cannabis industry is experiencing rapid growth and increasing regulation, creating a high demand for data-driven insights. The healthcare sector is also undergoing a data revolution, with providers seeking ways to improve patient outcomes and reduce costs. Both markets are fragmented with intense competition

Positioning

Forian Inc aims to be a leading provider of data and analytics solutions in both the cannabis and healthcare industries, differentiating itself through a combination of industry expertise and advanced analytics capabilities.

Total Addressable Market (TAM)

The combined TAM for cannabis data analytics and healthcare data solutions is estimated to be billions of dollars. Forian is well-positioned to capture a substantial share of this market through its specialized expertise and comprehensive suite of solutions.

Upturn SWOT Analysis

Strengths

  • Strong industry expertise in cannabis and healthcare
  • Comprehensive data analytics platform
  • Experienced leadership team
  • Proprietary data assets

Weaknesses

  • Limited financial resources compared to larger competitors
  • Relatively small market share in competitive markets
  • Dependence on regulatory changes in the cannabis industry
  • Fluctuations in quarterly revenue

Opportunities

  • Expanding into new geographic markets
  • Developing new data analytics solutions
  • Acquiring complementary businesses
  • Forming strategic partnerships

Threats

  • Increasing competition from larger data analytics firms
  • Changes in cannabis regulations
  • Economic downturn
  • Data security breaches

Competitors and Market Share

Key competitor logo Key Competitors

  • MSCI
  • IQVIA
  • NEWR
  • GDYN

Competitive Landscape

Forian Inc faces competition from larger, more established data analytics firms. However, it differentiates itself through its industry expertise and specialized solutions.

Major Acquisitions

Abattis Bioceuticals Corp

  • Year: 2021
  • Acquisition Price (USD millions): 3.25
  • Strategic Rationale: Strengthened Forian's footprint in the healthcare data and analytics market and enabled the company to provide deeper data driven insights into healthcare

Growth Trajectory and Initiatives

Historical Growth: Historical growth has been driven by acquisitions and organic revenue growth.

Future Projections: Future growth is expected to be driven by continued expansion in the cannabis and healthcare data analytics markets. Analyst estimates vary depending on the company's ability to execute its growth strategy.

Recent Initiatives: Recent initiatives include new product launches, strategic partnerships, and expansion into new markets.

Summary

Forian Inc. aims to be a key player in the cannabis and healthcare data analytics spaces, but faces stiff competition from larger firms. Its growth trajectory depends on successfully navigating evolving regulations and expanding its market presence. Strategic partnerships and new product innovations are critical for future success. Forian needs to increase revenue and improve profit margins to strengthen its financial standing. The variability in revenue suggests they should try to find consistent revenue sources to maintain profitability.

Similar Stocks

Sources and Disclaimers

Data Sources:

  • Company Filings
  • Market Reports
  • Analyst Estimates

Disclaimers:

Data and analysis are based on available information and are subject to change. Market share data is approximate and may vary.

Information icon for Upturn AI Summarization accuracy disclaimer AI Summarization is directionally correct and might not be accurate.

Information icon for Upturn AI Summarization data freshness disclaimer Summarized information shown could be a few years old and not current.

Information icon warning about Upturn AI Fundamental Rating based on potentially old data Fundamental Rating based on AI could be based on old data.

Information icon warning about potential inaccuracies or hallucinations in Upturn AI-generated summaries AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Forian Inc

Exchange NASDAQ
Headquaters Newtown, PA, United States
IPO Launch date 2021-03-03
Co-Founder, CEO, President & Executive Chairman of the Board Mr. Max C. Wygod
Sector Healthcare
Industry Health Information Services
Full time employees 47
Full time employees 47

Forian Inc. provides a suite of data management capabilities, and information and analytics solutions to optimize and measure operational, clinical, and financial performance for customers in the life science, healthcare, and financial services industries. It develops commercial, real world evidence (RWE), and market access solutions and proprietary data-driven insights, as well as offers data management solutions. The company's subscription and services-based solutions cover the life sciences, pharmaceutical services, healthcare payer, and provider and financial services industries. Forian Inc. was founded in 2020 and is headquartered in Newtown, Pennsylvania.