Forian Inc. (FORA) Form 10-Q — May 14, 2026
Forian Inc. reported a net loss of $3.36 million for the first quarter of 2026, driven by a decline in revenue to $6.85 million and increased costs of revenue. The company disclosed a material weakness in its internal controls over financial reporting related to the application of ASC 606 revenue recognition standards. In a subsequent event, Forian entered into a definitive merger agreement on April 2, 2026, to be acquired by 2025 Acquisition Company, LLC.
Key figures
- Revenue
- 6851095
- Total Debt
- 0
- Total Assets
- 38813589
- Cash Position
- 30951187
- Shares outstanding
- 31240882
- Merger price per share
- 2.17
- Merger advisory fees pending
- 2050000
- Merger advisory fees incurred
- 750000
Price after filing
1 day: 0.0%7 days: 0.0%
Close on the filing date to close N calendar days later (from $2.17). Historical, not a forecast.
AI analysis
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