Company: FORA
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001140361-25-042313
Chunk: 7

Company: Forian Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 8
Chunk 7
---
 reviews and utilizes functional expenses (cost of revenues, sales and marketing, research and development and general and administrative) at the consolidated level to manage the Company’s operations. Other segment items included in consolidated net loss are interest income, other expense, net and the provision for (benefit from) income taxes and infrequent items such as gain on redemption of debt, gain on sale of investment and gain on bargain purchase, which are reflected in the condensed consolidated statements of operations.

   Sales for the three months ended September 30, 2025, by country as a percentage of total sales were: United States (95%) and Great Britain/others (5%) compared to sales for the three months ended September 30, 2024, by country as a percentage of total sales which were: United States (91%) and Australia (9%). 

  10
  

 Sales for the nine months ended September 30, 2025, by country as a percentage of total sales were: United States (94%) and Great Britain/others (6%) compared to sales for the nine months ended September 30, 2024, by country as a percentage of total sales which were: United States (90%), Australia (8%) and Canada (2%). 

   The Company’s long-lived assets consist primarily of intangible assets, deposits and other assets. As of September 30, 2025 and December 31, 2024, all of the Company’s long-lived assets were in the U.S.

   The Company’s operations are comprised of a single reportable segment providing analytic and information services to the healthcare, life science and financial services industries.

   Customer Concentration 

   During the three and nine months ended September 30, 2025, the Company had one customer representing 11.0% and 11.5% of revenue, respectively. At September 30, 2025, the Company had three customers representing 17.9%, 10.7%, and 10.1% of accounts receivable. 

   During the three and nine months ended September 30, 2024, the Company had two customers representing 17.0% and 11.8% and 16.7% and 12.4% of revenue. At September 30, 2024, the Company had three customers representing 22.4%, 13.1%, and 13.0% of accounts receivable. 

   Vendors and Licensors 

   The Company licenses