Core Insights - HeartCore Enterprises, Inc. reported a strong second quarter in 2025, returning to profitability with significant revenue growth and operational improvements [3][4][6] Financial Performance - Revenues for the second quarter increased by 16.7% to $4.7 million, up from $4.1 million in the same period last year, driven by higher sales of on-premise software and increased SaaS revenue [4] - Gross profit surged by 175.2% to $2.2 million, compared to $0.8 million in the same period last year, attributed to increased sales of on-premise software and reduced outsourcing costs [5] - Operating expenses decreased to $2.1 million from $2.3 million year-over-year, primarily due to lower general and administrative expenses [6] - The company achieved a net income of $1.1 million, a significant improvement from a net loss of $2.2 million in the same period last year [6] - Adjusted EBITDA for the second quarter was $0.1 million, compared to a loss of $1.2 million in the same period last year [6] Strategic Developments - HeartCore signed contracts for its 15th and 16th Go IPO clients, with expectations of one client successfully listing on the Nasdaq soon, which is anticipated to enhance third-quarter results [3][4] - The company is focusing on expanding its presence in the APAC region, particularly with an upcoming Go IPO Korea event [3] - A strategic partnership with NEC Solutions Innovators, Ltd. was announced to improve the CMS implementation process [7] Balance Sheet Highlights - As of June 30, 2025, total shareholders' equity was reported at $3.5 million, indicating compliance with Nasdaq's minimum stockholders' equity requirement [7] - Cash and cash equivalents increased to $2.3 million from $2.1 million at the end of 2024 [8] Six-Month Financial Overview - For the six months ended June 30, 2025, revenues totaled $8.3 million, down from $9.1 million in the same period last year, primarily due to decreased customized software development revenue [9] - Gross profit for the six months increased by 16.9% to $3.3 million, compared to $2.8 million in the same period last year [10] - The net loss improved to $2.1 million from a loss of $3.7 million in the same period last year, reflecting the positive impact of increased gross profit [11]

Core Insights - HeartCore Enterprises, Inc. has signed a Consulting Agreement with tmsuk Co. Ltd. for its 15th Go IPO consulting service win [1][2] - tmsuk will compensate HeartCore with $500,000 in fees and a warrant to acquire 3% of tmsuk's capital stock, subject to shareholder approval [2] - HeartCore's CEO expressed optimism about the demand for Go IPO services from Japanese growth companies despite market uncertainties [3] Company Overview - HeartCore is a leading enterprise software and data consulting services company headquartered in Tokyo, with additional offices in New York and San Francisco [4] - The company offers Software as a Service (SaaS) solutions and data analytics services to enhance customer experiences for enterprise clients [5] - HeartCore's Go IPOSM consulting services assist Japanese companies in going public in the U.S. [6]

Core Insights - HeartCore Enterprises, Inc. reported a decrease in revenues for Q1 2025, totaling $3.6 million, down from $5.0 million in the same period last year, primarily due to declines in on-premise software revenue and consulting services [4][6] - The company experienced a net loss of $3.1 million in Q1 2025, compared to a net loss of $1.5 million in Q1 2024, attributed to decreased revenue and gross profit [6][21] - HeartCore's cash and cash equivalents decreased to $0.7 million as of March 31, 2025, from $2.1 million at the end of 2024 [6][23] Financial Performance - Gross profit for Q1 2025 was $1.1 million, down from $2.0 million in Q1 2024, mainly due to reduced gross profit from on-premises software and Go IPO consulting services [5][20] - Operating expenses decreased by 14% to $2.3 million compared to $2.7 million in the same period last year, primarily due to lower general and administrative expenses [5][20] - Adjusted EBITDA for Q1 2025 was a loss of $1.3 million, worsening from a loss of $0.3 million in Q1 2024 [6][13] Strategic Developments - The company launched a dedicated business development team to enhance customer success initiatives for its CMS customers [3][8] - HeartCore plans to expand its Go IPO consulting business into South Korea, with a seminar scheduled for September 2025 [3][8] - The company is preparing for upcoming IPOs of several clients, which are expected to provide additional equity following their listings [3][8] Operational Highlights - HeartCore's subsidiary Sigmaways has made progress in reducing costs and narrowing its losses compared to the previous year [3] - The company continues to monitor and manage costs prudently across its operations [3] - HeartCore's customer experience management platform includes various tools aimed at enhancing customer engagement [7]

Core Insights - HeartCore Enterprises, Inc. reported a 39% increase in revenue for 2024, reaching $30.4 million compared to $21.8 million in 2023, driven by successful Go IPO consulting services [6][7] - The company experienced a net loss of $5.2 million for the year, but adjusted EBITDA improved to $7.3 million, indicating a positive operational performance excluding one-time impairment losses [10][12] - Strategic acquisitions and global expansion are key focuses for HeartCore, with plans to enhance its software offerings and enter new markets, particularly in the APAC region [3][5] Financial Performance - Revenue increased by 39% to $30.4 million in 2024 from $21.8 million in 2023 [6][7] - Gross profit rose 121% to $17.8 million, up from $8.1 million in the previous year [8] - Operating expenses increased by 46% to $17.8 million, primarily due to a $7.2 million impairment related to the subsidiary Sigmaways [9] - The net loss for 2024 was $5.2 million, an improvement from a loss of $4.9 million in 2023 [10][15] - Adjusted EBITDA for the year totaled $7.3 million, compared to a negative $3.6 million in the previous year [10][12] Strategic Initiatives - The company aims to deepen customer relationships through strategic acquisitions and enhance its software solutions with synergistic technologies [3][4] - HeartCore plans to expand its Go IPO consulting business into South Korea, marking the first step in a broader APAC expansion strategy [5][6] - A new business development team has been established to strengthen customer success across HeartCore's CMS business [6] Market Position - HeartCore has maintained the top market share in Japan for nine consecutive years, indicating strong competitive positioning [6] - The company has regained compliance with Nasdaq's continued listing requirements, reflecting improved financial health [6] Cash Position - As of December 31, 2024, HeartCore had cash and cash equivalents of $2.1 million, an increase from $1.0 million at the end of 2023 [10][19]