Forian Inc. · NASDAQ:FORA

Forian — Q1 2025 Earnings Presentation

14 slides from Forian's earnings presentation, May 14, 2025

  1. Slide 1: Q1 2025 Financial Results

    Q1 2025 Financial Results May 14, 2025 1 © 2025 Forian Inc. All Rights Reserved.

  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: Revenue and Adjusted EBITDA

    Revenue and Adjusted EBITDA ($000's) Three Months Ended March 31, Period-over- 2025 2024 Period % Unaudited Unaudited Change Revenue $ 7,056 $ 4,877 45% Net (loss) income $ (1,126) $ (1,213) 7% (Loss) income per share - basic and diluted $ (0.04) $ (0.04) 0% Adjusted EBITDA (a non-GAAP financial mea

  4. Slide 4: Revenue Trend

    Revenue Trend Q1 revenue increased $2.2m or 45% from prior year • $1.7m (35%) due to impact of Kyber acquisition • $0.5M (10%) internal growth 4 © 2025 Forian Inc. All Rights Reserved.

  5. Slide 5: Costs and Expenses

    Costs and Expenses Other costs and expenses increases $2.3 million for Qtr due to the impact of the Kyber acquisition and increased data licensing costs. Note: Other costs and expenses excludes non recurring expenses related to litigation & review of strategic alternatives, contract termination, lit

  6. Slide 6: Adjusted EBITDA – continuing operations

    Adjusted EBITDA – continuing operations Achieved marginally negative EBITDA contribution while continuing investing in information assets and integrating Kyber operations Adjusted EBITDA is a non-U.S. GAAP measure. See Appendix for further information, including a reconciliation of Adjusted EBITDA t

  7. Slide 7: Adjusted EBITDA Margin

    Adjusted EBITDA Margin Adjusted EBITDA Margin is defined as Adjusted EBITDA divided by revenues 7 © 2025 Forian Inc. All Rights Reserved.

  8. Slide 8: Summary Balance Sheet Data $000's

    Summary Balance Sheet Data $000’s March 31 December 31, 2025 2024 Cash and equivalents $35,666 $35,083 Net working capital $27,829 $27,855 Convertible note and accrued interest (due 9/2025) $ 6,750 $6,698 Shares outstanding 31,202 31,011 8 © 2025 Forian Inc. All Rights Reserved.

  9. Slide 9: Full Year 2025 Outlook

    Full Year 2025 Outlook Expect 2025 Revenue of $28-$30 million Representing an increase of 39% to 49% over 2024 revenue of $20.2 million. Expect Adjusted Ebitda of ($1.0) to $1.0 million The outlook provided above constitutes forward-looking information within the meaning of applicable securities law

  10. Slide 10: Q&A

    Q&A 10 © 2025 Forian Inc. All Rights Reserved.

  11. Slide 11: Appendix

    Appendix 11 © 2025 Forian Inc. All Rights Reserved.

  12. Slide 12: 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

  13. Slide 13: Non-U.S. GAAP Reconciliations Reported Net Income to Adjusted EBITDA

    Non-U.S. GAAP Reconciliations Reported Net Income to Adjusted EBITDA FORIAN INC. RECONCILIATION OF US GAAP TO NON-GAAP FINANCIAL MEASURES (UNAUDITED) For the Three Months Ended March 31, 2025 2024 Revenue $ 7,056,116 $ 4,877,378 Net loss $ (1,125,862) $ (1,212,615) Depreciation and amortization 51,1

  14. Slide 14: © 2025 Forian Inc. All Rights Reserved.

    © 2025 Forian Inc. All Rights Reserved.

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