Slide 1: Q4 and Full Year 2021 Results
Q4 and Full Year 2021 Results March 24, 2022 © 2022 Forian Inc. | Confidential and Proprietary 1
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: Q4 and Full Year 2021 Results Summary
Q4 and Full Year 2021 Results Summary Full year 2021 Revenue Full Year 2021 and of $16.9 million Q4 2021: +53% year-over-year Net Loss of $26.6 million on a Pro-Forma basis and $8.0 million, respectively Q4 2021 Revenue Adjusted EBITDA1 of of $5.7 million ($15.1) million and ($4.5) million, respecti
Slide 4: Forian at a Glance
Forian at a Glance A Software, Data & Analytics Leader 5B+ #2 32M $16.9M Annual Mx & Rx Claims Point of Sale & Shares 2021 in HIPAA-Compliant Seed-to-Sale Outstanding2 Revenue Data Factory Market Share1 290M+ $3.4B+ $30M+ 53% Patients Covered in Cannabis GMV Cash and 2021 Proforma HIPAA-Compliant Ma
Slide 5: Data Assets
Data Assets HIPAA Compliant Across Patient Journey CULTIVATOR MANUFACTURER MEDICAL CLAIMS HOSPITAL CUSTOMER PHARMACY DATA DEMOGRAPHIC DATA CLAIMS POINT-OF-SALE PATIENT-REPORTED OUTCOMES © 2022 Forian Inc. | Confidential and Proprietary 5
Slide 6: A Growing Product Portfolio
A Growing Product Portfolio Products supporting revenue generation Software Information Products Services Dispensary Point of Sale Information Services State Regulatory Compliance Compliance, inventory HIPAA-compliant integrated data sets Statewide tracking, enforcement and management, customer prof
Slide 7: Continued Revenue Growth
Continued Revenue Growth Total Quarterly Revenue Total Annual Revenue $7,000,000 $20,000,000 $18,000,000 $6,000,000 $16,000,000 $5,000,000 $14,000,000 $4,000,000 $12,000,000 $10,000,000 $3,000,000 $8,000,000 $2,000,000 $6,000,000 $1,000,000 $4,000,000 $2,000,000 $0 Q4 2020 Q4 2020 Q1 2021 Q1 2021 Q2
Slide 8: Revenue and Adjusted EBITDA
Revenue and Adjusted EBITDA QTR Ended December 31, (in 000's) Year Ended December 31, (in 000's) 2021 2020 change change % 2021 2020 change change % Revenue $ 5,749 $ 210 $ 5,539 2638% $ 16,880 $ 545 $ 16,335 2998% Pro-Forma Revenue (1) $ 5,749 $ 3,188 $ 2,561 80% $ 18,889 $ 12,323 $ 6,566 53% Net L
Slide 9: Non-U.S. GAAP Reconciliations Reported Net Income to Adjusted EBITDA
Non-U.S. GAAP Reconciliations Reported Net Income to Adjusted EBITDA $000's Q4 2021 Full Year 2021 Explanation Net Income $ (8,049) $ (26,551) Adjustments Depreciation & Amortization 605 1,987 Stock Based Compensation 3,051 9,300 Change in Fair Value of Warrant Liability (132) (878) GAAP required ma
Slide 10: Summary Balance Sheet and Cash Flow
Summary Balance Sheet and Cash Flow Cash Flows $000's 31-Dec-21 Balance Sheet CASH FLOWS FROM OPERATIONS $000's 31-Dec-21 Net Loss $ (26,551) Depreciation & Amortization 1,987 Cash & Marketable Securiries $ 31,063 PIK Interest-Convertible Note 280 FV of Warrant Liability (878) Other Current Assets 4
Slide 11: Full Year 2022 Outlook
Full Year 2022 Outlook Revenue growth of 51% to 60% resulting in total revenue in the range of $25.5 to $27 million Improvement in Adjusted EBITDA loss beginning in the second half of 2022 reaching positive Adjusted EBITDA contribution in the second half of 2023 The outlook provided above constitute
Slide 12: Q&A
Q&A © 2022 Forian Inc. | Confidential and Proprietary 12
Slide 13: Appendix A
Appendix A © 2022 Forian Inc. | Confidential and Proprietary 13
Slide 14: 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 15: © 2022 Forian Inc. | Confidential and Proprietary
© 2022 Forian Inc. | Confidential and Proprietary