Company: FORA
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001140361-25-042313
Chunk: 34

Company: Forian Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 8
Chunk 34
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                        —       
                        —       
      137,356 

      Net loss before income taxes

      (169,867) 
      (300,803) 
      (948,007) 
      (3,955,916) 

      Income tax benefit (expense)

      18,647 
      95,896 
      (104,282) 
      (14,865) 

      Net loss, net of tax

     $(151,220) 
     $(204,907) 
     $(1,052,289) 
     $(3,970,781) 

   Comparison of three months ended September 30, 2025 and 2024

   Revenues

   Revenues for the for the three months ended September 30, 2025, were $7,762,183, which represented an increase of $3,075,871 compared to revenues of $4,686,312 for the three months ended September 30, 2024. The increase is primarily due to the impact of the acquisition of Kyber and organic growth in sales of the Company’s information products.

   Cost of Revenues

   Cost of revenues for the three months ended September 30, 2025, was $3,753,561, which represented an increase of $2,350,641 compared to cost of revenues of $1,402,920 for the three months ended September 30, 2024. Cost of revenues increased primarily due to the impact of the Kyber acquisition and higher information licensing and processing expenses. As a result, gross profit as a percentage of revenues decreased to 52% for the three months ended September 30, 2025, compared to 70% for the same period in 2024.

  30
  

   Research and Development

   Research and development expenses for the three months ended September 30, 2025, were $676,172, which represented an increase of $384,210 compared to research and development expenses of $291,962 for the three months ended September 30, 2024. The increase is primarily due to the impact of the Kyber acquisition.

   Sales and Marketing

   Sales and marketing expenses for the three months ended September 30, 2025, were $1,461,348, which represented an