fora: the income statement

MyFinsight

Forian Inc. (FORA)

For the year ending 2024-12-31, FORA made $20,153,263 in revenue. -$3,771,070 in net income. Net profit margin of -18.71%.

Unit: Dollar

	2024-12-31
Revenue	20,153,263
Sales and marketing	4,334,289
Research and development	1,444,745
General and administrative	12,536,940
Litigation settlements and related expenses	-669,955
Depreciation and amortization	63,389
Cost of revenues	7,334,163
Strategic review and transaction related expenses	756,743
Total costs and expenses	27,140,224
Operating loss from continuing operations	-6,986,961
Interest and investment income	2,422,261
Interest expense	708,933
Gain on sale of investment	80,694
Change in fair value of warrant liability	563
Gain on bargain purchase	1,204,830
Gain on debt redemption	283,059
Total other income, net	3,282,474
Net (loss) income from continuing operations before income taxes	-3,704,487
Income tax expense	66,583
Net (loss) income from continuing operations, net of tax	-3,771,070
Net (loss) income	-3,771,070

Basic eps	-0.12
Diluted eps	-0.12
Basic average shares	31,070,548
Diluted average shares	31,070,548

Unit: Dollar