On the stock market since 2021, it operates in the world of technology. It has 923 employees. Now — the numbers.
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.
Revenue is spread across several lines; no single product carries the company.
Average growth of 28% a year over the last 3 years. Red columns mark years that ended in a loss.
Before the clock runs out, either sales must climb sharply or new money must come in. For now, time is on the company’s side.
angles, checked one by one.
The 2 that stand out are on screen; the rest came back neutral.
The council scores out of 10; report-card grades are out of 100.
Cost Efficiency: As sales grow, profit fails to keep the same pace.
The stock trades 51% below its peak. The market has trimmed its expectations for the company.
Over the last 3 years, sales grew about 28% a year on average.
Sales run at $217.5M a year. A small number, but proof the product has real buyers.
There is $336.1M in the vault; even if every debt were paid off, $285.3M would remain.
A loss of $66.3M against $217.5M in annual sales.
The stock trades 12% above the average analyst price target.
On our five-subject report card, FORG sits in the middle of the class: some subjects shine, others don’t. The grade moves as the numbers move.
The takeaway: FORG is a high-risk stock — not yet profitable, and its future rides on its product catching on.