HEARTCORE ENTERPRISES INC Stock Price, News & Analysis

HeartCore Enterprises (Nasdaq: HTCR) has announced preliminary financial results for Q3 2024, expecting significant growth. Revenues are projected to be between $17 million and $19 million, a 263% to 305% increase from Q3 2023. Net income is expected to range from $9 million to $11 million, compared to a net loss in the same period last year.

The company's growth is primarily attributed to its Go IPO Business, which is expected to generate $13-$15 million in Q3 2024, largely due to the successful public listing of SBC Medical Group Holdings. HeartCore's Software Related Business is projected to contribute $4 million in Q3 2024. The company anticipates closing three additional Go IPO deals in the coming months and has implemented multi-year software licensing agreements to boost revenues.

HeartCore Enterprises, Inc. (Nasdaq: HTCR) has announced a partnership with NTT Data Business Brains to implement the HeartCore CMS platform, enhancing NTT Data Business Brains' website development service capabilities. This collaboration aims to enable the creation of dynamic websites with improved functionality and user experience, meeting the demands of the modern digital landscape.

HeartCore CEO Sumitaka Kanno emphasized the importance of updating websites to deliver modern functionality and enhanced user experience. The partnership highlights HeartCore's strong demand and retention rates among enterprise clients. Both companies are exploring future opportunities for collaboration and mutual enhancement of their offerings.

HeartCore Enterprises, Inc. (Nasdaq: HTCR) has announced that its Content Management System (CMS) platform has achieved the top market share in sales value in Japan for nine consecutive years, according to ITR HeartCore owns a leading 15.1% market share in Japan, with the second contender at 12.5%. Over 700 Japanese companies have implemented HeartCore's CMS as their primary platform for corporate content management.

The company's cost reduction initiatives and sales growth have resulted in two consecutive quarters of profitable performance within its software arm. HeartCore CEO Sumitaka Kanno highlighted the launch of a Management Screen Builder feature last December, enhancing website operation capabilities. The acquisitions of Sigmaways and Sabatini Global last year have positively impacted growth, and HeartCore remains focused on exploring additional synergistic opportunities to expand its global presence.

HeartCore Enterprises, Inc. (Nasdaq: HTCR) has secured a new contract from Fourmix Co., , a Japanese IT and web development company. The agreement involves implementing HeartCore's CMS platform to enhance Fourmix's web development and digital marketing capabilities. HeartCore will provide support for developing new websites, redeveloping website platforms, and offering post-development maintenance services to tailor information delivery to specific customer needs.

HeartCore CEO Sumitaka Kanno expressed satisfaction with the contract, highlighting that their CMS platform remains the leading choice in Japan for improving business services and capabilities. The CEO emphasized that this contract award demonstrates the success of HeartCore's sales and marketing team in driving market share growth and reinforcing the stability of their software division. The company remains focused on executing growth initiatives and aims to announce more partnerships and contract wins throughout the year.

HeartCore Enterprises (Nasdaq: HTCR) announced that its Go IPO client, SBC Medical Group Holdings Inc. (SBC), has begun trading on the Nasdaq Global Market. HeartCore received $900,000 in initial fees and warrants worth $17 million for a total revenue of $17.9 million from the SBC deal. The company sold $9 million worth of warrants to a Japanese financial institution and generated $5.64 million in net sales after paying a referral fee. HeartCore now holds $8 million worth of SBC stock.

HeartCore provided guidance for Q3 2024, projecting revenue between $19 million-$23 million and net profit between $4 million-$8 million. The company expects to generate $28.1 million to $32.1 million in revenue for the nine months ended September 30, 2024, compared to $18.5 million for the same period in 2023.

HeartCore Enterprises, Inc. (Nasdaq: HTCR), a leading Tokyo-based enterprise software and data consulting services company, has announced its participation in the H.C. Wainwright 26th Annual Global Investment Conference. The event is scheduled for September 9-11, 2024, at the Lotte New York Palace Hotel in New York City.

Key points:

• HeartCore management will present on Wednesday, September 11, 2024, at 12:00 PM Eastern time
• The company will hold in-person one-on-one meetings throughout the conference
• Interested parties can schedule meetings by emailing HTCR@gateway-grp.com

This presentation offers an opportunity for investors to gain insights into HeartCore's operations and future prospects in the enterprise software and data consulting services sector.

HeartCore Enterprises, Inc. (HTCR) reported Q2 2024 financial results, highlighting significant progress in its Go IPO business. Key achievements include:

1. Successful listing of a client on Nasdaq, marking the first Japanese IPO since September 2023.
2. 20% organic growth in the software division, with 30% growth expected for 2024.
3. Strategic partnerships with Hitachi Systems and INCUDATA Corp.
4. Revenues of $4.1 million, down from $5.1 million in Q2 2023.
5. Net loss of $2.2 million or $(0.09) per diluted share.
6. Cash and cash equivalents of $3.8 million as of June 30, 2024.

The company anticipates 3-4 clients going public by year-end, potentially driving profitable returns in the upcoming quarter.

HeartCore Enterprises (Nasdaq: HTCR), a leading Tokyo-based enterprise software and data consulting services company, is set to present at the 2024 Annual Gateway Conference in San Francisco. The presentation is scheduled for September 4 at 10:30 a.m. Pacific Time at the Four Seasons Hotel.

Key points:

• The presentation will be webcast live and available for replay
• HeartCore's management team will be available for one-on-one meetings throughout the conference
• Interested parties can request an invitation or schedule meetings via email

This event provides an opportunity for HeartCore to showcase its offerings and engage with potential investors and industry professionals.

HeartCore Enterprises (Nasdaq: HTCR) has partnered with INCUDATA Corp. to enhance digital marketing strategies for its customers using the Dashiwake platform. INCUDATA, a joint venture between SoftBank, Hakuhodo, and Treasure Data, offers comprehensive solutions for strategic planning and customer data utilization.

The collaboration aims to improve customer data utilization, enabling businesses to provide tailored information to each customer. HeartCore and INCUDATA will develop strategies for leveraging customer data, implementing one-on-one communication, and advancing digital marketing for their enterprise customers.

HeartCore CEO Sumitaka Kanno emphasized that strategic partnerships remain a fundamental pillar of growth in their software segment, especially following a profitable uptrend last quarter. The company continues to seek additional partnerships to enhance its software capabilities and sales strategy.