FORA

Earnings Reports Overview: Several companies, including Progress Software Corporation and Celcuity Inc., are set to report their earnings after hours on March 31, 2025, with varying forecasts and previous year comparisons indicating decreases or slight increases in earnings per share.

Performance Trends: Most companies listed, such as Microvast Holdings and Open Lending Corporation, show a trend of decreased earnings compared to the same quarter last year, while some like Forian Inc. have reported improvements despite negative earnings.

Quarterly Performance: TransAct Technologies reported a quarterly loss of $0.06 per share, better than the expected loss of $0.10, but revenues of $10.23 million fell short of estimates and declined from $13.27 million a year ago.

Market Outlook: The company's stock has underperformed compared to the S&P 500 this year, with a Zacks Rank of #3 (Hold), indicating it is expected to perform in line with the market; future performance will depend on earnings estimate revisions and industry outlook.

Financial Performance Overview: VerticalScope Holdings Inc. reported a 13% revenue increase for FY 2024, reaching $69.1 million, with Q4 revenue up 11% to $19.9 million. Adjusted EBITDA rose by 27% for the year, and Free Cash Flow increased by 34%, reflecting strong financial health and operational efficiency.

Strategic Growth Initiatives: The company plans to leverage its improved financial position to pursue community acquisitions, starting with the purchase of Enthused Digital, which includes over 20 online communities, aiming to enhance its digital platform and expand user engagement.

Insider Trading Activity: Max C Wygod, Exec Chairman of $FORA, purchased 1,747 shares for approximately $4,402, increasing his holdings by 0.1% to a total of 1,326,247 shares; insiders have made 4 purchases and no sales in the last 6 months.

Institutional Investor Movements: In the recent quarter, 9 institutional investors increased their positions in $FORA stock while 8 decreased theirs, indicating mixed sentiment among large shareholders.

Financial Results Announcement: VerticalScope Holdings Inc. will release its fourth quarter and full year 2024 financial results on March 12, 2025, followed by a conference call on March 13, 2025, at 8:00 a.m. ET.

Company Overview: Founded in 1999, VerticalScope operates a cloud-based platform for online communities, boasting over 1,200 communities and 120 million monthly active users, focusing on connecting individuals with shared interests.

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Fastest News Alerts: Benzinga Pro offers real-time intelligence and news alerts to help traders stay informed and make winning trades in the stock market.

Community of Traders: The platform boasts a community of over 10,000 serious traders who benefit from exclusive stories and accurate market intelligence provided by Benzinga reporters.

Financial Performance: VerticalScope Holdings Inc. reported a 15% increase in revenue to $17.8 million for Q3 2024, driven by a 22% rise in digital advertising revenue and a record 122 million monthly active users (MAU), reflecting a 21% growth year-over-year.

Operational Efficiency: The company achieved an Adjusted EBITDA of $7.4 million, up 9%, with Free Cash Flow increasing by 7% to $6.4 million, while also reducing debt by $17.3 million and initiating share buybacks as part of its capital deployment strategy.

Forian Inc. Participation: Forian Inc.'s CEO Max Wygod and CFO Mike Vesey will attend ROTH MKM's 13th annual Technology Event on November 19-20, 2024, in New York City, engaging in meetings with investors and executives from over 70 growth companies in the technology sector.

About ROTH MKM and Forian: ROTH MKM is an investment bank focused on growth companies, providing various financial services, while Forian specializes in data management and analytics solutions for the life sciences and healthcare sectors.

Upcoming Financial Results Announcement: Forian Inc. will release its third quarter 2024 financial results on November 13, 2024, followed by a conference call and webcast at 4:30 p.m. (ET) to discuss the results.

Company Overview: Forian provides data management and analytics solutions for healthcare and life sciences, recently expanding into the financial services sector through the acquisition of Kyber Data Science.

Forian Inc. Acquisition: Forian Inc. has acquired Kyber Data Science LLC, enhancing its analytics capabilities in healthcare and expanding its services to the financial sector, particularly for hedge funds and private equity firms.

Leadership Insights: Both companies' CEOs expressed optimism about the merger, highlighting the potential for innovation and improved data-driven solutions for clients in healthcare and finance.

Innodata's Performance: Innodata (INOD) shares have surged 131% YTD, significantly outperforming the broader tech sector and its peers, driven by an expanding clientele and new AI initiatives, including contracts with major tech clients that are expected to generate substantial annual recurring revenues.

Future Projections and Challenges: For fiscal 2024, INOD anticipates a 60% revenue increase to $138.8 million, despite facing macroeconomic challenges like inflation affecting sales cycles; the stock is currently viewed as overvalued, prompting a cautious investment stance.

Upcoming Financial Results Announcement: VerticalScope Holdings Inc. will release its third quarter 2024 financial results on November 12, 2024, followed by a conference call and webcast on November 13, 2024.

Company Overview: Founded in 1999, VerticalScope operates a cloud-based platform for online communities, boasting over 1,200 communities and more than 120 million monthly active users, focusing on connecting individuals with shared interests.

Credit Agreement Update: VerticalScope Holdings Inc. has amended its credit agreement with Capital One, increasing revolving loan commitments to $100 million and extending the maturity date to October 4, 2028.

Company Growth Strategy: The CEO expressed optimism about the refinancing, highlighting it as a means to enhance flexibility and pursue growth through acquisitions, supported by strong operating results.

Forian's Q2 2024 Earnings Report: Forian (NASDAQ:FORA) reported a second-quarter earnings per share of -8 cents, missing the analyst estimate of -2 cents, and generated revenue of $4.78 million, which was 9.18% below the expected $5.26 million.

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Forian Inc. Earnings Report: Forian Inc. reported a quarterly loss of $0.03 per share, matching the Zacks Consensus Estimate but indicating an earnings surprise of -200%. The company also missed revenue expectations with $4.78 million, down from $4.89 million year-over-year.

Market Outlook and Future Estimates: The stock has underperformed this year, losing about 15.6%, while the industry remains in the top 32% of Zacks-ranked industries. Current consensus estimates for the next quarter predict earnings of $0.04 per share on revenues of $5.88 million, with the company's Zacks Rank at #3 (Hold), suggesting it will perform in line with the market.

Company Announcement: VerticalScope Holdings Inc. has received approval from the Toronto Stock Exchange to renew its normal course issuer bid (NCIB), allowing it to repurchase up to 931,151 subordinate voting shares over a period starting August 16, 2024, and ending August 15, 2025.

Strategic Rationale: The company believes that the current market price of its shares does not reflect their true value, and the NCIB is seen as an effective use of cash resources that could enhance shareholder liquidity and increase the proportionate interests of existing shareholders.

Financial Performance: VerticalScope Holdings Inc. reported a 14% increase in revenue to $16.7 million for Q2 2024, driven by a 20% rise in digital advertising revenue and a record 122 million monthly active users, reflecting strong growth in their online communities.

Debt Reduction and Future Strategy: The company generated $6.6 million in free cash flow, enabling significant debt reduction of $13.1 million, while focusing on share buybacks and exploring high-quality M&A opportunities as part of its capital deployment strategy.

Upcoming Financial Results Announcement: Forian Inc. will release its second quarter 2024 financial results on August 14, 2024, followed by a conference call and webcast at 4:30 p.m. (ET) to discuss the results.

Company Overview: Forian specializes in data management and analytics solutions for healthcare and life sciences, focusing on optimizing operational, clinical, and financial performance through sophisticated data integration and analysis.