Forian Inc. (NASDAQ: FORA) released financial results for the quarter ended September 30, 2022, revealing revenue of $7.2 million, a 45% increase compared to $5 million in the Q3 2021 and 10% sequentially over the second quarter of 2022.
Q3 2022 Financial Highlights
Net loss for the quarter was $5.1 million, or $0.16 per share, compared to $7.0 million, or $0.22 per share, in the prior year.
Adjusted EBITDA for the quarter was negative $2.2 million, compared to negative $4.1 million in the prior year.
Cash, cash equivalents and marketable securities at the …