Forian, Inc.

  • Market Cap: Micro Cap
  • Industry: Software Products
  • ISIN: US34630N1063
USD
2.18
-0.02 (-0.91%)
  • Price Points
  • Score
  • Mojo Parameters
  • Total Return
  • News and Corporate Actions
  • Key factors
  • Shareholding
  • Financials
  • CompanyCV
stock-summaryPrice Point
High/Low

1Day

52 Week

Valuation
Technical
Day's Volume

CASH

10.41 k

Shareholding (Jun 2025)

FII

0.01%

Held by 6 FIIs

DII

96.82%

Held by 4 DIIs

Promoter

0.00%

How big is Forian, Inc.?

22-Jun-2025

As of Jun 18, Forian, Inc. has a market capitalization of 64.28 million, with net sales of 22.34 million and a net profit of -3.68 million over the latest four quarters. Shareholder's funds are at 30.05 million, and total assets are 47.39 million as of Dec 24.

As of Jun 18, Forian, Inc. has a market capitalization of 64.28 million, categorizing it as a Micro Cap company.<BR><BR>As of Jun 18, the sum of Net Sales for the latest four quarters is 22.34 million, while the sum of Net Profit for the same period is -3.68 million.<BR><BR>As of Dec 24, the reporting period shows Shareholder's Funds at 30.05 million and Total Assets at 47.39 million.

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What does Forian, Inc. do?

22-Jun-2025

Forian, Inc. is a micro-cap software company with recent net sales of $7 million and a net loss of $1 million. It has a market cap of $64.28 million and key metrics indicating it is currently loss-making.

Overview:<BR>Forian, Inc. operates in the software products industry and is categorized as a micro-cap company.<BR><BR>Financial Snapshot:<BR>Most recent Net Sales: 7 Million (Quarterly Results - Mar 2025) <BR>Most recent Net Profit: -1 Million (Quarterly Results - Mar 2025) <BR>Market-cap: USD 64.28 Million (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: NA (Loss Making) <BR>Industry P/E: NA <BR>Dividend Yield: 0.00% <BR>Debt Equity: -0.96 <BR>Return on Equity: -8.78% <BR>Price to Book: 2.14<BR><BR>Contact Details:<BR>Registrar Address: Not available.

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Should I buy, sell or hold Forian, Inc.?

22-Jun-2025

Is Forian, Inc. overvalued or undervalued?

20-Sep-2025

As of November 13, 2024, Forian, Inc. is considered overvalued and has shifted from a fair to a risky valuation grade due to poor financial metrics and concerning long-term performance, despite a recent short-term stock gain.

As of 13 November 2024, the valuation grade for Forian, Inc. has moved from fair to risky, indicating a shift towards a more negative outlook. The company appears to be overvalued given its current financial metrics, including a Price to Book Value of 2.14, an EV to Sales ratio of 1.58, and an alarming ROCE of -466.70%. In comparison to peers, Forian's EV to EBITDA stands at -6.72, significantly worse than Spire Global, Inc. at -8.2383 and SecureWorks Corp. at -3.4166, both of which also carry a risky valuation.<BR><BR>While Forian has shown some short-term resilience with a 1-month stock return of 17.86% compared to the S&P 500's 2.33%, its longer-term performance is concerning, particularly with a 3-year return of -43.66% versus the S&P 500's 70.41%. This suggests that despite recent gains, the overall valuation remains precarious, reinforcing the conclusion that Forian, Inc. is overvalued in the current market context.

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Is Forian, Inc. technically bullish or bearish?

20-Sep-2025

As of September 11, 2025, Forian, Inc. is in a mildly bearish trend despite outperforming the S&P 500 recently, with daily moving averages indicating a negative outlook while other indicators show mixed signals.

As of 11 September 2025, the technical trend for Forian, Inc. has changed from sideways to mildly bearish. The current stance is mildly bearish, driven primarily by the daily moving averages indicating a bearish trend. While the weekly MACD, Bollinger Bands, KST, and OBV show bullish or mildly bullish signals, the overall trend remains negative. In terms of performance, Forian has outperformed the S&P 500 over the past week and month, but it lags behind on a one-year and three-year basis.

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iScoreScore
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Strong Sell
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Dashboard
1

With a growth in Net Sales of 56.5%, the company declared Very Positive results in Jun 25

  • OPERATING CASH FLOW(Y) Highest at USD 2.62 MM
  • PRE-TAX PROFIT(Q) At USD 0.35 MM has Grown at 121.61%
  • NET PROFIT(Q) At USD 0.23 MM has Grown at 114.2%
2

Majority shareholders : Mutual Funds

 
stock-summaryMojo Parameters
Mojo Parameters
Stock DNA
stock-summary
Industry

Software Products

stock-summary
Market cap

USD 65 Million (Micro Cap)

stock-summary
P/E

NA (Loss Making)

stock-summary
Industry P/E

NA

stock-summary
Dividend Yield

0.00%

stock-summary
Debt Equity

-0.93

stock-summary
Return on Equity

-2.58%

stock-summary
Price to Book

2.09

Revenue and Profits:
Net Sales:
7 Million
(Quarterly Results - Jun 2025)
Net Profit:
0 Million
stock-summaryTotal Returns
Total Returns (Price + Dividend) stock-summary
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
3.81%
0%
3.81%
6 Months
4.81%
0%
4.81%
1 Year
5.83%
0%
5.83%
2 Years
-21.86%
0%
-21.86%
3 Years
-25.85%
0%
-25.85%
4 Years
-73.12%
0%
-73.12%
5 Years
0%
0%
0.0%

Forian, Inc. for the last several years.

Risk Adjusted Returns v/s stock-summary
stock-summaryNews & Corporate Actions
News
Announcements stock-summary
Icon
No announcement available
Corporate Actions stock-summary
Icon
No corporate action available
stock-summaryKey Factors
Quality key factors stock-summary
Factor
Value
Sales Growth (5y)
39.87%
EBIT Growth (5y)
15.32%
EBIT to Interest (avg)
-12.32
Debt to EBITDA (avg)
Negative Net Debt
Net Debt to Equity (avg)
-0.96
Sales to Capital Employed (avg)
0.51
Tax Ratio
0.77%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
15.97%
ROCE (avg)
0
ROE (avg)
1.89%
Valuation key factors
Factor
Value
P/E Ratio
NA (Loss Making)
Industry P/E
Price to Book Value
2.14
EV to EBIT
-6.56
EV to EBITDA
-6.72
EV to Capital Employed
30.63
EV to Sales
1.58
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
-466.70%
ROE (Latest)
-8.78%
Technicals key factors
Indicator
Weekly
Monthly
MACD
Mildly Bearish
Mildly Bullish
RSI
No Signal
No Signal
Bollinger Bands
Bullish
Sideways
Moving Averages
Mildly Bullish (Daily)
KST
Bullish
Mildly Bullish
Dow Theory
No Trend
Mildly Bullish
OBV
Mildly Bearish
No Trend
stock-summary Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish  Turned 
stock-summaryShareholding
Shareholding Snapshot : Jun 2025stock-summary
Shareholding Compare (%holding) stock-summary
Majority shareholders

Domestic Funds

Domestic Funds

Held in 4 Schemes (3.17%)

Foreign Institutions

Held by 6 Foreign Institutions (0.01%)

Strategic Entities with highest holding

Highest Public shareholder

stock-summaryFinancial
[
  {
    "link": "quarterly",
    "btn_text": "All Quarterly Results",
    "header": "Quarterly Results Snapshot (Consolidated) - Jun'25 - YoY",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in quarter ended Jun 2025 is 56.25% vs -2.04% in Jun 2024",
        "dir": 1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "YoY Growth in quarter ended Jun 2025 is 107.69% vs -136.36% in Jun 2024",
        "dir": 1
      }
    ],
    "table": {
      "header": [
        "Jun'25",
        "Jun'24",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "7.50",
          "val2": "4.80",
          "chgp": "56.25%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "0.10",
          "val2": "-2.00",
          "chgp": "105.00%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "0.10",
          "val2": "0.20",
          "chgp": "-50.00%",
          "chgp_class": "positive"
        },
        {
          "field": "Exceptional Items",
          "val1": "-0.00",
          "val2": "-0.90",
          "chgp": "100.00%",
          "chgp_class": "positive"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "0.20",
          "val2": "-2.60",
          "chgp": "107.69%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "7.00%",
          "val2": "-424.60%",
          "chgp": "43.16%",
          "chgp_class": "positive"
        }
      ]
    }
  },
  {
    "link": "annual",
    "btn_text": "All Annual Results",
    "header": "Annual Results Snapshot (Consolidated) - Dec'24",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in year ended Dec 2024 is -4.72% vs 29.27% in Dec 2023",
        "dir": -1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "YoY Growth in year ended Dec 2024 is -258.33% vs 112.50% in Dec 2023",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Dec'24",
        "Dec'23",
        "Change(%)"
      ],
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          "field": "Net Sales",
          "val1": "20.20",
          "val2": "21.20",
          "chgp": "-4.72%",
          "chgp_class": "negative"
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        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "-5.50",
          "val2": "-3.20",
          "chgp": "-71.88%",
          "chgp_class": "negative"
        },
        {
          "field": "Interest",
          "val1": "0.70",
          "val2": "0.80",
          "chgp": "-12.50%",
          "chgp_class": "positive"
        },
        {
          "field": "Exceptional Items",
          "val1": "-1.10",
          "val2": "-1.50",
          "chgp": "26.67%",
          "chgp_class": "positive"
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        {
          "field": "Consolidate Net Profit",
          "val1": "-3.80",
          "val2": "2.40",
          "chgp": "-258.33%",
          "chgp_class": "negative"
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        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "-275.90%",
          "val2": "-155.50%",
          "chgp": "-12.04%",
          "chgp_class": "negative"
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]
Quarterly Results Snapshot (Consolidated) - Jun'25 - YoYstock-summary
Jun'25
Jun'24
Change(%)
Net Sales
7.50
4.80
56.25%
Operating Profit (PBDIT) excl Other Income
0.10
-2.00
105.00%
Interest
0.10
0.20
-50.00%
Exceptional Items
-0.00
-0.90
100.00%
Consolidate Net Profit
0.20
-2.60
107.69%
Operating Profit Margin (Excl OI)
7.00%
-424.60%
43.16%
USD in Million.
Direction Arrows
Net Sales

YoY Growth in quarter ended Jun 2025 is 56.25% vs -2.04% in Jun 2024

Direction Arrows
Consolidated Net Profit

YoY Growth in quarter ended Jun 2025 is 107.69% vs -136.36% in Jun 2024

Annual Results Snapshot (Consolidated) - Dec'24stock-summary
Dec'24
Dec'23
Change(%)
Net Sales
20.20
21.20
-4.72%
Operating Profit (PBDIT) excl Other Income
-5.50
-3.20
-71.88%
Interest
0.70
0.80
-12.50%
Exceptional Items
-1.10
-1.50
26.67%
Consolidate Net Profit
-3.80
2.40
-258.33%
Operating Profit Margin (Excl OI)
-275.90%
-155.50%
-12.04%
USD in Million.
Direction Arrows
Net Sales

YoY Growth in year ended Dec 2024 is -4.72% vs 29.27% in Dec 2023

Direction Arrows
Consolidated Net Profit

YoY Growth in year ended Dec 2024 is -258.33% vs 112.50% in Dec 2023

stock-summaryCompany CV
About Forian, Inc. stock-summary
stock-summary
Forian, Inc.
Software Products
No Details Available.
Company Coordinates stock-summary
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No Company Details Available