Q: What are your most recent thoughts on this company. Is it a Buy? Thank you!
5i Research Answer:
FORA operates a platoform somewhat similar to Reddit. FORA has had negative momentum over the last year displaying a drawdown of 38.6%. Forecasts display that FORA will become profitable in 2025 while revenue will grow in the mid-single digits over the next two years. Revenues and earnings have been steadily declining over the last three quarters. The balance sheet is not great either with a bit of cash and total debt of $66.2M, which is over half of FORA's $99.5M market cap. The valuation is cheap, but with the negative momentum, weak fundmentals, and small size we would sit this one out until we see some consistently positive financial results.