Forian (NASDAQ:FORA) Announces Quarterly Earnings Results, Misses Expectations By $0.13 EPS

Forian (NASDAQ:FORA) posted its earnings results on Thursday. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.13), FiscalAI reports. The company had revenue of $6.85 million during the quarter, compared to analysts’ expectations of $7.62 million.

Forian Stock Performance

Forian stock traded up $0.01 during midday trading on Friday, hitting $2.17. 87,900 shares of the company were exchanged, compared to its average volume of 27,236. The firm has a market capitalization of $67.79 million, a PE ratio of -24.11 and a beta of 0.93. Forian has a fifty-two week low of $1.64 and a fifty-two week high of $2.71. The business has a fifty day simple moving average of $2.11 and a two-hundred day simple moving average of $2.13.

Institutional Trading of Forian

Several institutional investors have recently bought and sold shares of FORA. OpenArc Corporate Advisory LLC acquired a new stake in Forian in the fourth quarter valued at approximately $173,000. Citadel Advisors LLC grew its holdings in Forian by 178.2% in the third quarter. Citadel Advisors LLC now owns 38,369 shares of the company’s stock valued at $86,000 after purchasing an additional 24,578 shares during the period. Finally, XTX Topco Ltd acquired a new stake in Forian in the fourth quarter valued at approximately $37,000. 19.25% of the stock is owned by institutional investors and hedge funds.

Forian Company Profile

Forian (NASDAQ: FORA) is a global regulatory technology company offering cloud-native software solutions for enterprise risk management and financial crime compliance. The company’s platform enables financial institutions to automate and streamline regulatory reporting, transaction surveillance, market risk measurement and client onboarding processes. By consolidating data across multiple asset classes and jurisdictions, Forian helps organizations maintain compliance with evolving regulatory frameworks such as MiFID II, EMIR, Dodd-Frank, FATCA and local AML/KYC requirements.

Founded in 2013 as RegTek Solutions, the business rebranded to Forian in 2023 following a period of strategic expansion into complementary risk and compliance offerings.