Forian Inc.

NasdaqCM:FORA Stock Report

Market Cap: US$63.6m

Forian Management

Management criteria checks 3/4

Forian's CEO is Max Wygod, appointed in Jan 2019, has a tenure of 4.25 years. total yearly compensation is $833.00K, comprised of 9% salary and 91% bonuses, including company stock and options. directly owns 3.65% of the company’s shares, worth $2.32M. The average tenure of the management team and the board of directors is 3.3 years and 3.8 years respectively.

Key information

Max Wygod

Chief executive officer

US$833.0k

Total compensation

CEO salary percentage9.0%
CEO tenure6yrs
CEO ownership3.7%
Management average tenure3.3yrs
Board average tenure3.8yrs

Recent management updates

Recent updates

The Consensus EPS Estimates For Forian Inc. (NASDAQ:FORA) Just Fell A Lot

Aug 18
The Consensus EPS Estimates For Forian Inc. (NASDAQ:FORA) Just Fell A Lot

Forian (NASDAQ:FORA) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of

Apr 05
Forian (NASDAQ:FORA) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of

Unpleasant Surprises Could Be In Store For Forian Inc.'s (NASDAQ:FORA) Shares

Apr 03
Unpleasant Surprises Could Be In Store For Forian Inc.'s (NASDAQ:FORA) Shares

Is Forian (NASDAQ:FORA) Using Too Much Debt?

Feb 27
Is Forian (NASDAQ:FORA) Using Too Much Debt?

Investors Give Forian Inc. (NASDAQ:FORA) Shares A 28% Hiding

May 05
Investors Give Forian Inc. (NASDAQ:FORA) Shares A 28% Hiding

Forian to become a part of Russell 3000® Index

Jun 07

CEO Compensation Analysis

How has Max Wygod's remuneration changed compared to Forian's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

-US$4m

Jun 30 2024n/an/a

US$1m

Mar 31 2024n/an/a

US$3m

Dec 31 2023US$833kUS$75k

US$2m

Sep 30 2023n/an/a

US$214k

Jun 30 2023n/an/a

-US$8m

Mar 31 2023n/an/a

-US$11m

Dec 31 2022US$75kUS$75k

-US$19m

Sep 30 2022n/an/a

-US$25m

Jun 30 2022n/an/a

-US$29m

Mar 31 2022n/an/a

-US$32m

Dec 31 2021n/an/a

-US$27m

Sep 30 2021n/an/a

-US$21m

Jun 30 2021n/an/a

-US$15m

Mar 31 2021n/an/a

-US$9m

Dec 31 2020US$56kUS$47k

-US$5m

Compensation vs Market: Max's total compensation ($USD833.00K) is about average for companies of similar size in the US market ($USD641.95K).

Compensation vs Earnings: Max's compensation has increased whilst the company is unprofitable.

CEO

Max Wygod (36 yo)

6yrs

Tenure

US$833,000

Compensation

Mr. Max C. Wygod serves as Chief Executive Officer and President at Forian Inc. since February 10, 2023 and served as its Interim CEO since 2023. Mr. Wygod, is the Co-Founder of Forian Inc. since 2019 and...

Leadership Team

NamePositionTenureCompensationOwnership
Max Wygod
Co-Founder6yrsUS$833.00k3.65%
$ 2.3m
Michael Vesey
Chief Financial Officer3.3yrsUS$1.16m0.11%
$ 70.2k
Edward Spaniel
Executive VP3.8yrsUS$1.13m1.8%
$ 1.1m
Adam Dublin
Co-Founderno dataUS$122.56k7.48%
$ 4.8m
Jason Holden
Vice President of Corporate Developmentno datano datano data
Paul Reuscher
Chief Commercial Officer2yrsno datano data
Jeff Forringer
President of Kyber Data Scienceless than a yearno datano data

3.3yrs

Average Tenure

56yo

Average Age

Experienced Management: FORA's management team is considered experienced (3.3 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Max Wygod
Co-Founder4.3yrsUS$833.00k3.65%
$ 2.3m
Adam Dublin
Co-Founder4.3yrsUS$122.56k7.48%
$ 4.8m
Stanley Trotman
Independent Director3.8yrsUS$33.42k0.48%
$ 307.5k
Mark Adler
Independent Director3.8yrsUS$33.42k0.11%
$ 71.9k
Shahir Kassam-Adams
Independent Director3.8yrsUS$33.42k0.56%
$ 358.6k
Ian Banwell
Independent Director3.8yrsUS$33.42k0.33%
$ 212.2k
Kristiina Vuori
Independent Director3.8yrsUS$33.42k0.089%
$ 56.4k
Alyssa Varadhan
Independent Director3.8yrsUS$33.42k0.012%
$ 7.7k
Jennifer Hajj
Independent Director3.8yrsUS$33.42k0.028%
$ 17.9k

3.8yrs

Average Tenure

57yo

Average Age

Experienced Board: FORA's board of directors are considered experienced (3.8 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/08 23:44
End of Day Share Price 2025/01/08 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Forian Inc. is covered by 1 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Richard BaldryRoth MKM