NEW YORK and TOKYO, Aug. 28, 2025 (GLOBE NEWSWIRE) -- HeartCore Enterprises, Inc. (Nasdaq: HTCR) (“HeartCore” or the “Company”), a leading enterprise software and consulting services company based in Tokyo, announced that on August 19, 2025, it had received written notice from the Listing Qualifications Department (the “Nasdaq Staff”) of The Nasdaq Stock Market stating that it has regained compliance with the $2,500,000 minimum stockholders’ equity requirement set forth in Nasdaq Listing Rule 5550(b) (the “ ...

Core Insights - HeartCore Enterprises, Inc. has successfully assisted its client rYojbaba Co., Ltd. in listing on the Nasdaq Capital Market under the symbol "RYOJ" [1][3] - The company received $500,000 in initial fees and warrants to acquire 3% of rYojbaba's common stock, valued at approximately $1.35 million as of August 14, 2025 [1] - HeartCore's Go IPO consulting service is aimed at helping Japanese companies go public in the U.S., and the company has signed two new Go IPO clients this year [3][6] Company Operations - HeartCore is headquartered in Tokyo, Japan, with additional offices in New York and San Francisco, providing enterprise software and IPO consulting services [4] - The company offers Software as a Service (SaaS) solutions and data analytics services to enhance customer experience for enterprise clients [4][5] - HeartCore's customer experience management platform includes various systems for marketing, sales, service, and content management [5] Future Outlook - The successful listing of rYojbaba is seen as a positive indicator for broader IPO activity, particularly in the micro- and small-cap sectors [3] - HeartCore anticipates that the warrants received from rYojbaba will contribute significantly to its third quarter revenue [3] - The company is focused on expanding its client base and supporting other Go IPO clients in their journey towards U.S. listings [3]

Core Insights - HeartCore Enterprises, Inc. has signed a Consulting Agreement with Cipher Core Co., Ltd. for its Go IPO consulting services, marking its 16th such contract [1][3] - Cipher Core will compensate HeartCore with $500,000 in fees and a warrant for 3% of its capital stock, with additional hourly compensation if the agreement extends beyond 12 months [2] Company Overview - HeartCore is a leading enterprise software and IPO consulting services company based in Tokyo, with additional offices in New York and San Francisco [5] - The company offers Software as a Service (SaaS) solutions and data analytics services to enhance customer experiences for enterprise clients [5][6] Go IPO Consulting Service - HeartCore's Go IPO consulting service assists Japanese companies in going public in the U.S., including support in hiring underwriters, auditors, and legal firms, as well as preparing necessary documentation [3][7] - The service also includes converting accounting data from Japanese standards to U.S. GAAP and preparing S-1 or F-1 filings [3] Cipher Core Overview - Cipher Core is an information security technology company focused on AI and quantum computing, known for its advanced encryption technology [4] - The company addresses next-generation information threats and meets stringent security requirements for government agencies and critical infrastructure [4]

Core Insights - HeartCore Enterprises, Inc. has entered into a Securities Purchase Agreement and an Equity Purchase Agreement with Crom Structured Opportunities Fund I, LP to enhance its financial flexibility and support its growth initiatives [1][2][3] Financing Details - Under the Securities Purchase Agreement, HeartCore may issue up to 2,000 shares of Series A Convertible Preferred Stock at $1,000 per share, generating gross proceeds of $2.0 million, with each share having a stated value of $1,100 [2] - The Equity Purchase Agreement allows HeartCore to sell up to $25.0 million of its common stock over time to Crom, with proceeds aimed at supporting M&A strategies and meeting Nasdaq's equity compliance requirements [3] Strategic Focus - The company emphasizes that M&A is central to its strategy, targeting firms with recurring revenue, complementary technologies, and strong AI capabilities to unlock value through cross-sell and upsell opportunities to its customer base of over 1,000 software clients [2]

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. is a leading enterprise software and data consulting services company based in Tokyo, scheduled to present at the Sidoti Micro-Cap Conference on May 21-22, 2025 [1][2] Company Overview - HeartCore offers Software as a Service (SaaS) solutions to enterprise customers both in Japan and globally [3] - The company provides data analytics services that enable businesses to create customized web experiences through superior design [3] - HeartCore's customer experience management platform includes marketing, sales, service, and content management systems, enhancing customer engagement [3] - The company also focuses on digital transformation, offering services such as robotics process automation, process mining, and task mining [3] - HeartCore's GO IPOSM consulting services assist Japanese companies in going public in the U.S. [3]

Company Overview - HeartCore Enterprises, Inc. is a leading enterprise software and data consulting services company based in Tokyo, Japan [3] - The company offers Software as a Service (SaaS) solutions and data analytics services to enterprise customers both in Japan and globally [3] - HeartCore's customer experience management platform includes marketing, sales, service, and content management systems, enhancing customer engagement [3] - The company also provides digital transformation services, including robotics process automation and task mining [3] - HeartCore's GO IPOSM consulting services assist Japanese companies in going public in the U.S. [3] Upcoming Events - HeartCore will present and hold one-on-one meetings at the Centri Capital Conference on April 22, 2025, at the Nasdaq headquarters in New York City [1] - CEO Sumitaka Kanno is scheduled to present at 9:30 a.m. Eastern time on the same day [2] - Interested parties can schedule one-on-one meetings by contacting the company via email [2]

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]