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]