earnings
confidence high
sentiment neutral
materiality 0.65
HeartCore reports 2024 revenue up 39% to $30.4M; net loss attributable improves
HeartCore Enterprises, Inc.
2025-Q1 EPS
reported -$0.14
vs consensus -$0.20
▲ beat
(+31.4%)
- FY2024 revenue $30.4M (+39% YoY); gross profit $17.8M (+121% YoY).
- Net loss attributable to HeartCore improved to $1.5M from $4.2M in 2023.
- Adjusted EBITDA totaled $7.3M vs -$3.6M in prior year.
- Recorded $7.2M impairment of goodwill/intangible assets (Sigmaways) deemed one-time.
- Cash at Dec 31, 2024: $2.1M vs $1.0M a year earlier.