Core Insights - HeartCore Enterprises, Inc. reported a net loss of approximately $2.2 million for Q2 2024, compared to a net loss of $1.0 million in the same period last year, indicating a decline in financial performance [6][9] - The company experienced a revenue decrease to $4.1 million in Q2 2024 from $5.1 million in Q2 2023, primarily due to a 10% depreciation of the Japanese yen and reduced maintenance services [4][8] - HeartCore's organic software business grew by over 20% in Q2 2024, and the company anticipates 30% organic growth for the full year [3][4] Operational Highlights - HeartCore partnered with INCUDATA Corp. to enhance digital marketing strategies and collaborated with Hitachi Systems to offer a combined package of services [2] - The company authorized a second dividend payment of $0.02 per share and disbursed its first dividend payment of the same amount on May 3, 2024 [2] - HeartCore signed its 14th Go IPO client and hosted a seminar on U.S. exchange listing strategies for Japanese companies [2][3] Financial Performance - For the first half of 2024, revenues totaled $9.1 million, down from $13.8 million in the same period last year, largely due to decreased revenues from Go IPO consulting services [8][9] - Gross profit for Q2 2024 was $0.8 million, a decrease from $1.5 million in Q2 2023, attributed to the same factors affecting revenue [5] - Operating expenses decreased to $2.3 million in Q2 2024 from $3.0 million in Q2 2023, primarily due to lower selling and administrative expenses [5][9] Cash Position - As of June 30, 2024, HeartCore had cash and cash equivalents of $3.8 million, a significant increase from $1.0 million on December 31, 2023 [7] - The company reported a net cash flow used in operating activities of approximately $1.46 million for the first half of 2024 [18]

Exhibit 99.1 HeartCore Reports Second Quarter 2024 Financial Results NEW YORK and TOKYO, August 14, 2024 (GLOBE NEWSWIRE) – HeartCore Enterprises, Inc. (Nasdaq: HTCR) ("HeartCore" or "the Company"), a leading enterprise software and consulting services company based in Tokyo, reported financial results for the second quarter ended June 30, 2024. Second Quarter 2024 and Recent Operational Highlights ● Partnered with INCUDATA Corp. to enhance corporate digital marketing strategies ● Announced Go IPO Client, B ...

NEW YORK and TOKYO, Aug. 07, 2024 (GLOBE NEWSWIRE) -- HeartCore Enterprises, Inc. (Nasdaq: HTCR) ("HeartCore" or the "Company"), a leading enterprise software and data consulting services company based in Tokyo, is confirmed to present at the 2024 Annual Gateway Conference, which is being held September 4-5, at the Four Seasons Hotel in San Francisco, CA. HeartCore's management team is scheduled to present on Wednesday, September 4 at 10:30 a.m. Pacific Time (PT). The presentation will be webcast live and a ...

NEW YORK and TOKYO, Aug. 07, 2024 (GLOBE NEWSWIRE) -- HeartCore Enterprises, Inc. (Nasdaq: HTCR) ("HeartCore" or the "Company"), a leading enterprise software and data consulting services company based in Tokyo, is confirmed to present at the 2024 Annual Gateway Conference, which is being held September 4-5, at the Four Seasons Hotel in San Francisco, CA. HeartCore's management team is scheduled to present on Wednesday, September 4 at 10:30 a.m. Pacific Time (PT). The presentation will be webcast live and a ...

NEW YORK and TOKYO, July 22, 2024 (GLOBE NEWSWIRE) -- HeartCore Enterprises, Inc. (Nasdaq: HTCR) ("HeartCore" or the "Company"), a leading enterprise software and consulting services company based in Tokyo, announced that it has authorized its second dividend payment in the amount of $0.02 per share of common stock, resulting in an aggregate of $417,283 in total dividends to be paid by the Company. "Our second dividend payment rewards our valued stockholders and illustrates the growth we've experienced as a ...

After evaluating the Company's balance sheet and financial profile, HeartCore and its Board of Directors deemed it was in the best interest of the Company and its stockholders to declare and authorize a dividend on the common stock. The record date for holders of the common stock to participate in the dividend is August 19, 2024, and the payment date will be August 26, 2024. HeartCore may continue to issue quarterly dividends going forward, contingent upon the Board approval following review of the Company' ...

About Hitachi Systems, Ltd. Forward-Looking Statements https://www.globenewswire.com/NewsRoom/AttachmentNg/6ae43b74-2039-4770-b868-42841f15db32 https://www.globenewswire.com/NewsRoom/AttachmentNg/8dcba792-94e4-4425-bb94-c4032277abb5 NEW YORK and TOKYO, July 08, 2024 (GLOBE NEWSWIRE) -- HeartCore Enterprises, Inc. (NASDAQ:HTCR) ("HeartCore" or the "Company"), a leading enterprise software and consulting services company based in Tokyo, announced it has partnered with Hitachi Systems, Ltd. ("Hitachi Systems") ...

HeartCore will host Gateway Group and Akerman LLP to discuss the imperative roles of investor and public relations, and an overview of the U.S. IPO listing process from a legal and regulatory standpoint, respectively, for Japanese issuers leading up to a public transaction and beyond. Additionally, the Company will provide an overview of the successful and growing Go IPO consulting service to its clients, prospects and interested parties. NEW YORK and TOKYO, June 11, 2024 (GLOBE NEWSWIRE) -- HeartCore Enter ...

"Since launching our Go IPO consulting business in 2022, we have seen a rising demand from Japanese companies interested in U.S. listings," said HeartCore CEO Sumitaka Kanno Yamamoto. "To provide valuable insight into the legal process and the role of investor and public relations leading up to, and more importantly after the IPO transaction, I am pleased to host international capital markets attorney, Mark Y. Liu, of Akerman LLP and John Yi and Steven Shinmachi from our investor relations team, Gateway Gro ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______, 20___, to _____, 20___. Commission File Number 001-41272 HeartCore Enterprises, Inc. (Exact Name of Registrant as Specified in its Charter) (State or Other Jurisdict ...