FORA — Stock Film
STOCK FILMSCENE 1/12FORA · $2.17
Stock Expert AI presents
FORA
Forian Inc
~5 min film100% real numbersplain English
WHAT DOES THIS COMPANY DO?
Forian Inc. What it actually does.

Provides software solutions for healthcare, cannabis, and government sectors. Offers data-driven insights and predictive analytics. Now — the numbers.

on the stock market since 2021
47 employees
$67.8M market value
WHERE DOES THE MONEY COME FROM?
94%Information and Software
Information and SoftwareServices 6%Product and Service, Other 1%
94% of all revenue comes from a single line: Information and Software.

That much dependence is a risk in itself: if this one line weakens, the whole company feels it directly.

Revenue last year:
$30.3M
The loss that same year:
$2.9M
For every $1 it earns, the company spends $1.1.

The company is still in the product-building phase: its spending runs above its sales. That only changes once the product starts selling at scale.

THE SALES TREND
Sales are growing overall, with a pause along the way.

Average growth of 16% a year over the last 4 years. Red columns mark years that ended in a loss.

$16.9M
2021
2022
2023
2024
$30.3M
2025
In the vault right now:
$31.6M
DEBT: $12K
At this pace, that money lasts about 11 years.

At this burn rate the cash pile isn’t the pressing question — for now, time is on the company’s side.

THE PRICE TAG
MARKET VALUE / ANNUAL SALES
2.2×

This company is not turning a profit, so the market is pricing its sales instead: 2.2× for every dollar of annual revenue.

Analysts' average target sits 107% above today's price.

What executives did with their own stock over the last 12 months:
33 buy20 sell

Executives buying with their own money is usually read as confidence in the company’s future.

THE FIVE-YEAR JOURNEY
A long and steep decline.

An investor who bought at the very peak is down 85% today. The business is the same; what changed most is the price — and the expectations — the market pins on it.

1
THE BRIGHT SIDE · 1/3
Sales keep climbing

Over the last 4 years, sales grew about 16% a year on average.

2
THE BRIGHT SIDE · 2/3
The product is selling

Sales run at $30.3M a year. A small number, but proof the product has real buyers.

3
THE BRIGHT SIDE · 3/3
Strong cash, light debt

There is $31.6M in the vault; even if every debt were paid off, $31.5M would remain.

1
THE RISKS · 1/2
Running at a loss

A loss of $2.9M against $30.3M in annual sales.

2
THE RISKS · 2/2
The stock has lost its spark

Since the drop from its peak, buyer appetite hasn’t come back.

FINALE · THE GRADE
grade pending

We don’t have a report card for this stock yet — the data isn’t mature enough to grade. No grade is information too: it means the evidence is thin.

One-line summary: few numbers, an untested story. Keep watching.

What would you like to do next?
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This was a film — not investment advice.
Data: FMP & company filings
Sep 12, 2026 · stockexpertai.com · Stock Film