HEARTCORE ENTERPRISES INC Stock Price, News & Analysis

HeartCore Enterprises has signed a Consulting Agreement with Metros Development to assist in its Go IPO process on the Nasdaq. This marks HeartCore's fourth such agreement within six months. The company anticipates generating $500,000 in initial fees from this engagement and has received a warrant for 3% of Metros Development’s stock. CEO Sumitaka Yamamoto highlighted the demand from Japanese companies seeking Nasdaq listings. Additionally, a previous client, AERWINS, is progressing towards a public listing, potentially increasing HeartCore’s stake value to approximately $6 million.

HeartCore Enterprises has signed a licensing agreement with Transcosmos Digital Technology Inc. to offer the advanced process mining tool Apromore exclusively in Japan. This partnership aims to enhance the digital transformation efforts of Japanese enterprises by providing cutting-edge business visualization and process mining services. Apromore enables organizations to analyze operations and identify inefficiencies.

CEO Sumitaka Kanno emphasized the importance of digital transformation, noting the growing need among businesses to optimize operations. HeartCore aims to expand its market presence through such strategic partnerships.

HeartCore Enterprises, Inc. (NASDAQ: HTCR) announced its first in-person corporate event, HeartCoreDAY2022, scheduled for October 20, 2022, at Bellesalle Roppongi Grand Conference Center in Tokyo, Japan. This event will highlight digital transformation solutions via the company's Content Management System and Digital Transformation services. Keynote speakers include Taku Ogawa from Faber Company and Kimiro Momose from the Process Mining Association. Additionally, a representative from Sigmaways Inc., which is being acquired by HeartCore, will discuss IT initiatives in the U.S.

HeartCore Enterprises has partnered with GMO MAKESHOP to enhance its digital transformation by integrating HeartCore's top-rated Content Management System (CMS) into GMO's Cloud E-Commerce Plan. This collaboration enables streamlined management of content across multiple business units and optimizes marketing efforts. HeartCore’s CMS offers a comprehensive solution for e-commerce, supporting sales promotions and inventory tracking. The deal represents a strategic move for HeartCore, increasing its footprint in Japan's e-commerce sector and providing enhanced operational capabilities for GMO MAKESHOP.

The proposed acquisition by HeartCore Enterprises of a 51% stake in Sigmaways marks a significant strategic move aimed at expanding its U.S. operational footprint. Sigmaways reported approximately $8.7 million in revenue for 2021, and the deal is anticipated to enhance HeartCore's revenue through cross-selling opportunities and reduced production costs by utilizing Sigmaways' resources. Following the closing, senior management from Sigmaways will join HeartCore, indicating a collaborative approach to driving digital transformation and automation services within their client base.

HeartCore Enterprises will present at the H.C. Wainwright 24th Annual Global Investment Conference from September 12-14, 2022, at the Lotte New York Palace Hotel. The company's management is set to present on September 12 at 5:00 p.m. ET, with options for hybrid or in-person one-on-one meetings throughout the event. The presentation will be available for live streaming and replay. HeartCore, based in Tokyo, specializes in Software as a Service (SaaS) solutions and customer experience management.

HeartCore Enterprises will participate in the Sidoti Micro-Cap Conference on August 17-18, 2022, presenting virtually. CEO Sumitaka Yamamoto is scheduled to present on August 17 at 1:45 p.m. Eastern time, with a replay available online. Attendees can register for the presentation and request one-on-one meetings via the Sidoti website. HeartCore specializes in software development, offering SaaS solutions and data analytics services globally. More details can be found on their website.

HeartCore Enterprises reported its Q2 2022 financial results, showing revenues of $2.7 million, down from $2.9 million year-over-year. This revenue decline resulted from a 14% depreciation of the Yen versus the U.S. dollar, despite a 6% increase in Yen-based sales. Gross profit fell to $1.3 million with a gross margin of 50%. Operating expenses surged to $3 million, leading to a net loss of $1.7 million, or $(0.09) per share. However, HeartCore successfully grew its global enterprise customer base to 877 and launched several innovative products. The company also initiated a $3.5 million share repurchase program.

HeartCore Enterprises has unveiled the truRes-12K, the first 12K-compatible real-time 360° VR camera, targeting industries like medical, manufacturing, aerospace, e-commerce, and travel. This innovation aims to address issues with lower-resolution VR cameras that can cause user discomfort. The truRes-12K combines advanced camera, chipset, and processing technologies for superior image quality. CEO Sumitaka Kanno emphasizes the need for high-resolution imagery to enhance user experience in VR and AR environments. The company plans to advance beyond 12K technology in the future.