Forian
Income Statement
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Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Forian's past years’ income statements indicate that its last revenue has decreased compared to the previous period by 27% to $20,481,330. The net income raised on $11,106,687 and profit margin reached 54%. Total operating expenses were $20,599,310.
Profit Margin
| 2019 | 0 | -1.28M | |
|---|---|---|---|
| 2020 | 544.87K | -4.97M | -913.36% |
| 2021 | 16.87M | -26.55M | -157.3% |
| 2022 | 28.00M | -25.97M | -92.74% |
| 2023 | 20.48M | 11.10M | 54.23% |
FORA Income Statement (2019 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
Revenue | |||||
Revenue | 20.48M | 28.00M | 16.87M | 544.87K | 0 |
Cost of revenue | 5.47M | 6.87M | 4.71M | 38.29K | 854 |
Gross profit | 15.00M | 21.13M | 12.16M | 506.57K | -854 |
Operating exp. | |||||
Research and development | 1.40M | 12.34M | 8.97M | 2.50M | 827.47K |
Selling and marketing | 4.88M | 5.87M | 4.14M | 573.85K | 0 |
Total operating expenses | 20.59M | 41.64M | 38.56M | 5.49M | 1.29M |
Operating income | -5.59M | -20.50M | -26.40M | -4.98M | -1.29M |
Other income (expenses), net | 7.41M | -5.43M | -122.11K | 3.57K | 3.32K |
Income before tax | 1.81M | -25.94M | -26.52M | -4.98M | -1.28M |
Income tax expense | 85.74K | 23.98K | 22.51K | -3.57K | -4 |
Net income | 11.10M | -25.97M | -26.55M | -4.97M | -1.28M |
Earnings per share | |||||
Basic EPS | 0.35 | -0.81 | -0.84 | -0.17 | -0.04 |
Diluted EPS | 0.34 | -0.81 | -0.84 | -0.17 | -0.04 |
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