Forian Past Earnings Performance
Past criteria checks 2/6
Forian's earnings have been declining at an average annual rate of -10.7%, while the Healthcare Services industry saw earnings growing at 2.8% annually. Revenues have been growing at an average rate of 54% per year. Forian's return on equity is 6.6%, and it has net margins of 8.5%.
Key information
-10.7%
Earnings growth rate
13.1%
EPS growth rate
| Healthcare Services Industry Growth | 1.7% |
| Revenue growth rate | 54.0% |
| Return on equity | 6.6% |
| Net Margin | 8.5% |
| Last Earnings Update | 31 Dec 2023 |
Recent past performance updates
Recent updates
Forian (NASDAQ:FORA) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of
Apr 05
Unpleasant Surprises Could Be In Store For Forian Inc.'s (NASDAQ:FORA) Shares
Apr 03Is Forian (NASDAQ:FORA) Using Too Much Debt?
Feb 27Investors Give Forian Inc. (NASDAQ:FORA) Shares A 28% Hiding
May 05Forian to become a part of Russell 3000® Index
Jun 07Revenue & Expenses BreakdownBeta
How Forian makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 23 | 20 | 2 | 19 | 1 |
| 30 Sep 23 | 32 | -7 | 25 | 10 |
| 30 Jun 23 | 31 | -15 | 25 | 11 |
| 31 Mar 23 | 29 | -18 | 25 | 12 |
| 31 Dec 22 | 16 | -19 | 21 | 4 |
| 30 Sep 22 | 17 | -25 | 25 | 6 |
| 30 Jun 22 | 18 | -29 | 27 | 8 |
| 31 Mar 22 | 19 | -32 | 30 | 9 |
| 31 Dec 21 | 17 | -27 | 28 | 9 |
| 30 Sep 21 | 11 | -21 | 20 | 7 |
| 30 Jun 21 | 7 | -15 | 13 | 5 |
| 31 Mar 21 | 2 | -9 | 5 | 4 |
| 31 Dec 20 | 1 | -5 | 2 | 3 |
| 30 Sep 20 | 0 | -4 | 2 | 2 |
Quality Earnings: FORA has a large one-off gain of $5.3M impacting its last 12 months of financial results to 31st December, 2023.
Growing Profit Margin: FORA became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: FORA has become profitable over the past 5 years, growing earnings by -10.7% per year.
Accelerating Growth: FORA has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: FORA has become profitable in the last year, making it difficult to compare its past year earnings growth to the Healthcare Services industry (15.4%).
Return on Equity
High ROE: FORA's Return on Equity (6.6%) is considered low.