Forian Inc. · NASDAQ:FORA

Forian — Q3 2022 Earnings Presentation

12 slides from Forian's earnings presentation, Nov 14, 2022

1. Slide 1: Q3 2022 Financial Results

   Q3 2022 Financial Results November 14, 2022 © 2022 Forian Inc. | Confidential and Proprietary 1

2. Slide 2: Cautionary Statement Regarding Forward-Looking Statements

   Cautionary Statement Regarding Forward-Looking Statements This presentation contains "forward-looking statements" within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In

3. Slide 3: Q3 2022 Results Summary

   Q3 2022 Results Summary Q3 2022 Revenue Q3 2022 Net Loss of $7.2 million of $5.1 million Q3 2022 Adjusted EBITDA1 of +45% year-over-year ($2.1) million 1 Adjusted EBITDA is a non-U.S. GAAP measure. See slide 6 and Appendix A for further information, including a reconciliation of Adjusted EBITDA to N

4. Slide 4: Continued Revenue Growth

   Continued Revenue Growth 45% Q3 2022 revenue growth over Revenue growth driven by prior year Healthcare Information Pro-Forma Revenue illustrates revenue adjusted to include the revenue earned by Helix Technologies during the period prior to the merger. © 2022 Forian Inc. | Confidential and Propriet

5. Slide 5: Revenue and Adjusted EBITDA

   Revenue and Adjusted EBITDA QTR Ended September 30, (in 000's) YTD Ended September 30, (in 000's) 2022 2021 change change % 2022 2021 change change % Revenue $ 7,176 $ 4,962 $ 2,215 45% $ 20,102 $ 11,130 $ 8,972 81% ProForma Revenue (1) N/A N/A N/A $ 20,102 $ 13,139 $ 6,963 53% Net Loss $ (5,128) $

6. Slide 6: Non-U.S. GAAP Reconciliations Reported Net Income to Adjusted EBITDA

   Non-U.S. GAAP Reconciliations Reported Net Income to Adjusted EBITDA $000's 3Q 2022 3Q 2021 YTD Q3 2022 YTD Q3 2021 Explanation Net Income $ (5,128) $ (7,022) $ (22,415) $ (18,502) Adjustments Depreciation & amortization 843 599 2,053 1,382 Stock based compensation 1,963 2,628 11,634 6,246 Change in

7. Slide 7: Summary Balance Sheet and Cash Flow

   Summary Balance Sheet and Cash Flow Cash Flows $000's 30-Sep-22 Balance Sheet CASH FLOWS FROM OPERATIONS Net loss $ (22,415) $000's 30-Sep-22 Depreciation & amortization 2,053 PIK interest-convertible note 629 Cash & marketable securities $ 20,633 Gain on sale of assets (202) Other current assets 7,

8. Slide 8: Full Year 2022 Outlook

   Full Year 2022 Outlook On track to exceed high end of annual revenue guidance range of 51% to 60% resulting in total revenue in the range of $25.5 to $27 million Improvement in Adjusted EBITDA1 loss beginning in the second half of 2022 reaching positive Adjusted EBITDA1 contribution in the second ha

9. Slide 9: Q&A

   Q&A © 2022 Forian Inc. | Confidential and Proprietary 9

10. Slide 10: Appendix A

    Appendix A © 2022 Forian Inc. | Confidential and Proprietary 10

11. Slide 11: Reconciliation of U.S. GAAP to Non-GAAP Financial Measures

    Reconciliation of U.S. GAAP to Non-GAAP Financial Measures This presentation includes a non-GAAP measure, which we define as financial information that has not been prepared in accordance with U.S. GAAP. The non-U.S. GAAP financial measure provided herein is earnings before interest, taxes, non-cash

12. Slide 12: © 2022 Forian Inc. | Confidential and Proprietary

    © 2022 Forian Inc. | Confidential and Proprietary

Forian — Q3 2022 Earnings Presentation on 6ix