Forian Inc.

Forian Inc.

FORA·NASDAQ

$2.17

+0.0000%
HealthcareMedical - Healthcare Information Services

Forian Inc. provides software solutions, proprietary data driven insights, and predictive analytics to optimize the operational, clinical, and financial performance of its healthcare, cannabis, and government customers. It operates through three segments: Information & Software, Services, and Other. The company's products include BioTrack, a vertically integrated point of sale, manufacturing, delivery, and cultivator software solution for dispensaries, cultivators, manufacturers, and distributors; and Cannalytics, a Software as a Service based analytics solution that provides clients with a presentation of business performance. Its products also comprise BioTrack seed-to-sale compliance traceability platform, which is used to manage the tracking and tracing of various cannabis products from cultivation to sale; BioTrack State Traceability & Enforcement Monitoring System to ensure transparency and accountability throughout cannabis supply chain; and STEMS, a seed-to-sale tracking module, to provide cannabis program management solution to cannabis regulatory agencies. In addition, the company offers security monitoring and web marketing services. The company is headquartered in Newtown, Pennsylvania.

At a Glance

Live Snapshot
Market Cap$67.79M
EPS-0.0924
P/E Ratio-22.95
Earnings Date08/12/2026
-8.29%
Return on Invested Capital
-56%
3Y-83.0%
5Y-81.0%
10Y-101.0%
-9.65%
Return on Equity
-23%
3Y-95.0%
5Y-78.0%
10Y-102.0%
-6.51%
Return on Assets
-19%
3Y-88.0%
5Y-84.0%
10Y-99.0%
Forian Inc.

Forian Inc. Management Team

FORA · NASDAQ
MP

Mr. Paul Reuscher

Chief Commercial Officer

male
MM

Mr. Michael Vesey CPA

Chief Financial Officer

Compensation

$480,925

Born 1962(Age 64)
male
MM

Mr. Max C. Wygod

Co-Founder, Chief Executive Officer, President & Executive Chairman of the Board

Compensation

$75,000

Born 1988(Age 38)
male
MA

Mr. Adam H. Dublin

Co-Founder, Chief Strategy Officer & Director

Compensation

$113,699

Born 1966(Age 60)
male
ME

Mr. Edward Francis Spaniel Jr.

Executive Vice President, General Counsel & Secretary

Compensation

$416,316

Born 1970(Age 56)
male
MJ

Mr. Jeff Forringer

President of Kyber Data Science

male
MJ

Mr. Jason Holden

Vice President of Corporate Development

male
fora

Forian Inc. Insider Positioning

FORA · NASDAQ

During the last 12 months, insiders have purchased $1.49M and sold $7K worth of FORA shares, resulting in $1.49M of net buying activity.

3 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

3-6 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

6-9 Months

Bought

150.0K

336.00K

Sold

0

0.00

Net Activity

+336K

+$336K

9-12 Months

Bought

600.0K

1.16M

Sold

3.3K

6.96K

Net Activity

+1.2M

+$1.15M

Top Buyers

1
VM

Vesey Michael

Officer: Chief Financial Officer

200.0K shares1 transactions

$386K

2
WMC

Wygod Max C

Director, 10 Percent Owner, Officer: Exec Chairman, Ceo & President

200.0K shares1 transactions

$386K

3
DAH

Dublin Adam H

Director, Officer: Chief Strategy Officer

200.0K shares1 transactions

$386K

4
MCS

Mcgrail Caroline Strickland

Officer: General Counsel

150.0K shares1 transactions

$336K

Top Sellers

1
VM

Vesey Michael

Officer: Chief Financial Officer

3.3K shares1 transactions

$7K

Insider Activity Analysis

Net Insider Sentiment

Bullish

Strong bullish signal with $1.49M net buying. Insiders are aggressively accumulating shares, suggesting significant confidence in future prospects.

Buy/Sell Ratio

214.56:1

Exceptional buy/sell ratio. Buying dramatically outweighs selling—one of the strongest possible insider signals.

Insider Participation

High Buying

4 insider buyers vs. 1 sellers. Broad-based buying across management team suggests widespread confidence.

Insider Activity Insight

Compelling insider conviction: The combination of strong buy/sell ratio and multiple buyers suggests insiders see attractive risk/reward. Consider this alongside fundamental analysis for confirmation.

SEC Filings

FORA - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
DEF 14A

DEF 14A 2026

N/A

December 15, 2025
January 08, 2026
2026
DEF 14A

DEF 14A 2025

N/A

April 29, 2025
June 11, 2025
2025
DEF 14A

DEF 14A 2024

N/A

April 29, 2024
June 12, 2024
2024
DEF 14A

DEF 14A 2023

N/A

April 28, 2023
June 14, 2023
2023
DEF 14A

DEF 14A 2022

N/A

April 28, 2022
June 15, 2022
2022
Showing 1 to 5 of 5 filings