Slide 1: Q2 2024 Financial Results
Q2 2024 Financial Results August 14, 2024 1 © 2024 Forian Inc. All Rights Reserved.
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
Slide 3: Revenue and Adjusted EBITDA
Revenue and Adjusted EBITDA ($000's) Three Months Ended June 30, ($000's) Six Months Ended June 30, Period-over- Period-over- 2024 2023 Period % 2024 2023 Period % Unaudited Unaudited Change Unaudited Unaudited Change Revenue $ 4,777 $ 4,894 -2% $ 9,654 $ 9,764 -1% Loss from continuing operations, n
Slide 4: Revenue Trend
Revenue Trend Q2 2024 revenue down slightly from prior year after expected customer attrition 4 © 2024 Forian Inc. All Rights Reserved.
Slide 5: Costs and Expenses
Costs and Expenses Other costs and expenses increases $0.2 million for quarter and $0.4 million YTD due to increased data licensing costs Note: Other costs and expenses excludes non-recurring expenses related to litigation & review of strategic alternatives, litigation costs, separation expenses, st
Slide 6: Adjusted EBITDA – continuing operations
Adjusted EBITDA – continuing operations Continue to achieve positive EBITDA contribution while investing in information assets Adjusted EBITDA is a non-U.S. GAAP measure. See Appendix for further information, including a reconciliation of Adjusted EBITDA to Net Loss. 6 © 2024 Forian Inc. All Rights
Slide 7: Summary Balance Sheet Data $000's
Summary Balance Sheet Data $000’s June 30, December 31, 2024 2023 Cash and equivalents $48,010 $48,340 Net working capital $48,399 $50,439 Convertible note and accrued interest (due 9/2025) $24,175 $24,870 Shares outstanding 31,110 30,920 7 © 2024 Forian Inc. All Rights Reserved.
Slide 8: Full Year 2024 Outlook
Full Year 2024 Outlook Expect 2024 Revenue of $19 to $20 million Expect 2024 Adjusted EBITDA of ($.5) to $0.5 million The outlook provided above constitutes forward-looking information within the meaning of applicable securities laws and is based on a number of assumptions and subject to a number of
Slide 9: Q&A
Q&A 9 © 2024 Forian Inc. All Rights Reserved.
Slide 10: Appendix
Appendix 10 © 2024 Forian Inc. All Rights Reserved.
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
Slide 12: Non-U.S. GAAP Reconciliations Reported Net Income to Adjusted EBITDA
Non-U.S. GAAP Reconciliations Reported Net Income to Adjusted EBITDA For the Three Months Ended June 30, For the Six Months Ended June 30, 2024 2023 2024 2023 Revenue $ 4,777,101 $ 4,893,542 $ 9,654,479 $ 9,763,929 Net loss from continuing operations $ (2,553,259) $ (1,090,400) $ (3,765,874) $ (3,33
Slide 13: © 2024 Forian Inc. All Rights Reserved.
© 2024 Forian Inc. All Rights Reserved.