secwatch / observer
8-K filed March 30, 2023, 7:59 PM ET ticker HTCR CIK 0001892322
earnings confidence high sentiment negative materiality 0.75

HeartCore Q4 revenue $2.0M, net loss $1.4M; full year net loss $6.7M

HeartCore Enterprises, Inc.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

HeartCore Enterprises, Inc. reported fourth quarter ended December 31, 2022 results: revenue $2.0 million, net income $1.4 million, or $0.08 per diluted share (net loss), EPS $0.08 per diluted share (net loss).

Period
fourth quarter ended December 31, 2022
Revenue
$2.0 million
Net income
$1.4 million, or $0.08 per diluted share (net loss)
EPS
$0.08 per diluted share (net loss)
Result
reported results
Exact text from the filing
full year as a publicly traded company on the Nasdaq on a high note and expect 2023 to be an inflection point for HeartCore.” Fourth Quarter 2022 Financial Results Revenues were $2.0 million compared to $2.4 million in the same period last year. The decrease in revenues was due to lower sales of on-premise software and the effects of turbulence within the broader
View on SEC.gov
Earnings Releases SEC 8-K Item 2.02 confidence 0.95

HeartCore Enterprises, Inc. reported full year ended December 31, 2022 results: revenue $8.8 million, net income $6.7 million (net loss), EPS $0.37 per diluted share (net loss).

Period
full year ended December 31, 2022
Revenue
$8.8 million
Net income
$6.7 million (net loss)
EPS
$0.37 per diluted share (net loss)
Result
reported results
Exact text from the filing
share last year. The increase in net loss was primarily due to an increase in operating expenses and a decrease in revenues. Full Year 2022 Financial Results Revenues were $8.8 million compared to $10.8 million last year. The decrease in revenues was primarily due to a large, five-year CXM contract being renewed in 2021 and the ongoing depreciation of the
View on SEC.gov

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HeartCore Enterprises, Inc. filing history →

Source: SEC EDGAR
accession 0001493152-23-009749
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