Forian Inc. (NASDAQ:FORA) Q4 2023 Earnings Call Transcript

Eric Martinuzzi: Okay. Last question for me is just kind of a bigger picture. Assuming we bang out the midpoint of the outlook for 2024 and we’re a 10% growth story for 2024, and I’m not looking for out year guidance but just how do you think about the growth potential of the company say over the next three to five years?

Max Wygod: I think if you — if we hit what you just described and reached the midpoint, the growth actually in the quarterly sales will be picking up quite dramatically over the last couple of quarters. So, I think we’d be exiting the year with a run rate that’s pretty higher than where we’re entering the year. So from an acceleration of revenue perspective, I think we’d be pretty happy and excited on that trajectory. That being said, we have to remember, we’re speaking about relatively small numbers, so winning and really getting some penetration in one of these markets or with one of our new products, can really make a difference. So we expect to invest to grow from this point. I think the management and our sales team are looking how do we really make an impact versus just delivering and executing on the current sales plan.

Eric Martinuzzi: Got it. Thanks for taking my questions and good luck in 2024.

Max Wygod: Great. Thank you, Eric.

Operator: Thank you. And as I see no further questions in the queue, with that, I will conclude the Q&A session and webcast for today. And thank you all for participating. And you may now disconnect.